The global flexible intermediate bulk container market reached a value of US$ 4.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a CAGR of 5.3% during 2022-2027

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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