Market research and analysis:The market for FIBC (Flexible Intermediate Bulk Container) is expected to grow steadily over the next few years

Recently, Global Market Consulting released a research report on the FIBC (Flexible Intermediate Bulk Container) industry: focusing on the analysis of the production capacity, sales volume, revenue and growth potential of FIBC (Flexible Intermediate Bulk Container) in major global regions, with historical data from 2018-2022 and forecast data from 2023-2029.

FIBC (Flexible Intermediate Bulk Container) 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.

FIBCs are most often made of thick woven polyethylene or polypropylene. Normally measure around 110 cm or 45-48 inches in diameter and varies in height from 100 cm up to 200 cm or 35 to 80 inches. Its capacity is normally around 1000 kg or 2000 lbs, but the larger units can store even more.

According to our (Global Info Research) latest study, the global FIBC (Flexible Intermediate Bulk Container) market size was valued at USD 8980 million in 2022 and is forecast to a readjusted size of USD 12460 million by 2029 with a CAGR of 4.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The key players of global FIBC (Flexible Intermediate Bulk Container) include Global-Pak, Flexi-tuff, Isbir, BAG Corp, Greif and Conitex Sonoco, etc, with about 11% market shares.

Europe region is the largest supplier of FIBC (Flexible Intermediate Bulk Container), with a production market share nearly 29%. Asia (Ex. China) is the second largest supplier of FIBC (Flexible Intermediate Bulk Container), enjoying production market share about 25%.

North America is the largest consumption place, with a consumption market share nearly 38%. Following North America, Europe is the second largest consumption place with the consumption market share of 29%.

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