Global Flexible Intermediate Bulk Container Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global flexible intermediate bulk is expected to grow with a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand to reduce the overall packaging weight and adopt environmental friendly methods of packaging.

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Global Flexible Intermediate Bulk Container Market

Intermediate bulk container is also known as IBC tote, IBC tank, IBC or pallet tanks. They are used for the mass storage of liquids, semi- solids, pastes and solid. They are usually made of flexible and foldable fabric materials which are woven together. They are of two types flexible and rigid IBCs. This container is recyclable, light weight and environment friendly. They are usually made of metal, plastic or the combination of these two materials.

Segmentation: Global Flexible Intermediate Bulk Container Market

Global metal powder market is segmented on the basis of grade, end- user and geography.

By Grade (Type A, Type B, Type C, Type D, Food Grade), End-User (Pharmaceuticals, Food, Chemicals, Construction, Textiles, Oil & Glass, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

FACTORS DRIVING GROWTH IN FLEXIBLE INTERMEDIATE BULK CONTAINER MARKET

Recent Developments

  • In June 2018, Grief announced the launch of their GCUBE® Shield to its range of GCUBE intermediate bulk containers. It took two and a half year to develop and which provide protection with improved product stability, shelf-life and operational performance. The innermost layer has 100 per cent high density polyethylene which will increase the food and chemical compatibility.
  • In October 2018, Schoeller Allibert announced the launch of The Combo Excelsior their new new standard foldable intermediate bulk container. It is a safe, hygienic and efficient. It has smooth design from base to lid and has 70% folding ratio. It has material which is suitable for all the harsh environmental condition.
  • In January 2019, Mondi announced that they had planned to invest in their Styria, Austria plant for producing enhanced and environmental friendly liners for flexible intermediate bulk containers. The incorporation of this liner will result in reduced risk for product contamination and help in increasing the product and worker safety while transportation.

Key Market Competitors: Global Flexible Intermediate Bulk Container Market

Few of the major competitors currently working in the flexible intermediate bulk container market are Berry Global Inc.; Yixing Changfeng Container Bag Co., Ltd.; BAG Corp.; www.minibulk.com; Shenzhen Riversky Packing Materials Co.,Ltd.; Greif; AmeriGlobe L.L.C.; Conitex Sonoco; LC Packaging; Plastipak Holdings, Inc.; Yantai Haiwan Plastic Products Co., Ltd.; RDA Bulk Packaging Ltd.; FlexiTuff Ventures International Ltd.,; Flexpack FIBC.; Mondi; ALPINE FIBC PVT.LTD.; Century Fibc.; Ganpati Plastfab Limited, and Rishi FIBC Solutions PVT. Ltd.

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