RnRMarketResearch.com adds Global FIBC (Flexible Intermediate Bulk Container) Market 2015-2019 a new research reports in its store. The analysts forecast global FIBC market to grow at a CAGR of 7.3% over the period 2014-2019.
Complete FIBC (Flexible Intermediate Bulk Container) market report is available at http://www.rnrmarketresearch.com/global-fibc-flexible-intermediate-bulk-container-market-2015-2019-market-report.html .
Since there is limited scope for product differentiation, market players are increasingly investing in R&D for the development of products that are high-performing in terms of quality, durability, and energy absorption. Vendors are continuously investing in new product developments for restructuring and realigning their product portfolios, in order to stay ahead in the market in terms of products, infrastructure, and technologies.
According to the FIBC market report, significant growth of industries like food and pharmaceutical has led to a considerable increase in demand for flexible intermediate bulk containers. The growing need to reduce the overall weight of the bulk packaging and transporting materials is a major factor driving the demand for flexible intermediate bulk container in the food and pharmaceutical industry.
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The report, Global FIBC (Flexible Intermediate Bulk Container) Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, the Americas, and MEA; it also covers the landscape of the global FIBC market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
FIBC or bulk bags are standardised containers used in industrial packaging of dry, granular, and semi-liquid goods. Its main purpose is to protect large quantities of goods during storage, handling, and transportation to distribution centers, where they are finally packaged for retail sales.
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FIBC are made from woven polypropylene or polypropylene fabric of different weights and strength. FIBCs are available in a wide variety and are suitable for numerous applications in the chemical, pharmaceutical, and food industries. The market is characterized by innovative offerings and customizations according to customer specifications.
The report covers the current scenario and the growth prospects of the global FIBC market for 2015-2019. To calculate the market size, the report considers the volume of FIBC used by the following industry segments: Food, Pharmaceuticals, Chemical, Other industries (includes construction, fertilizers, and mining and minerals).
Main players in the Global FIBC (Flexible Intermediate Bulk Container) Market: Berry Plastics, Conitex Sonoco, Global-Pak, Greif Flexible Products & Services and Plastipak Group. Other Prominent Vendors in the market are: AmeriGlobe, B.A.G., Bulk Lift International, Halsted, Intertape Polymer Group, J&HM Dickson, Jumbo Bag, Langston, LC Packaging, MiniBulk, Mondi, RDA Bulk Packaging and Taihua Group.
Further, the report states that with increase in the cost of raw materials, vendors have to increase the prices of their end products or reduce their profit margins, which will have an adverse effect on market growth.
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