Flexible Intermediate Bulk Container Market Size, Share, Demand, Trends, Analysis and Research Report 2021 to 2026
According to the latest report by IMARC Group, titled “Flexible Intermediate Bulk Container Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” provide the global flexible intermediate bulk container market grew at a CAGR of around 6% during 2021-2026. The report provides a detailed analysis of the market by Product type, Industry use and Geography Also, the report analyzes the market’s competitive landscape.
A flexible intermediate bulk container (FIBC) is an industrial packaging material used for storing semi-liquid and dry products. It is convenient, cost-effective, spacious, flexible, and widely utilized for keeping non-toxic products, such as pharmaceuticals, agriculture, rubber, chemicals, food, and petrochemicals. It is currently available in different shapes, sizes, and capacities, based on the requirements of the user.
Considerable growth in the construction industryworldwide represents one of the major factors positively influencing the demand for FIBC to storebuilding materials, such as alloys, steel, carbon black, sand, minerals, and cement. In addition, rising environmental consciousness among individuals, along with a significant increase in the need for biodegradable, lightweight, and bulk packaging materials for transporting pharmaceutical products, is contributing to the market growth. Apart from this, key players are introducing eco-friendly variants and offering customizedsolutions, which is anticipated to drive the adoption of FIBC across the globe.
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