Industry Background:
FIBC Bag that is Flexible Intermediate Bulk Container bag is an industrial container made of flexible fabric that is designed for storing and transporting dry, flow able products, such as sand, fertilizer, and granules of plastic. They are extensively used in industrial material handling or transportation which occurs in bulk quantities. These bags basically jumbo bags.This growth is primarily driven by Rapid Urbanization and Economic Development.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Conglomerates sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Taihua Group (China), Greif Flexible Products & Services (United States), Caretex (Thailand), Louis Blockx (Belgium), Anthente (United States), Norseman (Canada), LC Packaging (The Netherlands), Nihon Matai (Japan), Thrace Group (Greece) and Sinopack (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2022, Private equity firm New Water Capital announced an investment in the flexible intermediate bulk container sector, with the acquisition of Bulk Lift International LLC and Bagwell Supply Ltd. (Bagwell) – two North American designers, manufacturers and value-added distributors of FIBCs and complementary packaging products. The transactions in November 2022 create one of North America's largest FIBC providers, company officials said, primarily serving customers in the food and beverage, chemical, pharmaceutical, minerals, and construction products industries.
In August 2023, Spiroflow, an Automated Handling Solutions (AHS) company, has launched a next-generation twin-line bulk bag filling system. Following extensive research and development, the new system addresses the limitations of slow, outdated equipment that was prone to spillages and excessive product and dust emissions.The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Influencing Trend:
Rising Technological Penetration
Market Growth Drivers:
Rapid Urbanization and Economic Development
Challenges:
Environmental Damage and Risk to Biodiversity
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Increasing Penetration of FIBC Bag in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of FIBC Bag Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of FIBC Bag Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of FIBC Bag players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, FIBC Bag Study Sheds Light on
The FIBC Bag Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the FIBC Bag industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where FIBC Bag industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.