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.
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.
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
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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Global Flexible Intermediate Bulk Container Market – Industry Trends and Forecast to 2026