Category Intelligence on Flexible Intermediate Bulk Containers covers the following
The major driver for growth of FIBCs will be the need for light weight and less costly means to carry heavy loads
Currently, FIBCs are a small segment of flexible bulk packaging market, due to the wide acceptance of shipping sacks and film wraps as the traditional packaging materials. The growing adoption levels in the developing regions of APAC will help in increasing their demand in the next 3–5 years. Impact of COVID is expected to reduce the market growth by 2–3 percent in the next two years
Market Outlook of Flexible Bulk Packaging*
FIBC export, import trade traffic has been stable in 2019, growing marginally at 1–2 percent compared to 2018. The major importing region was North America and few countries in Western Europe, contributing to more than 30 percent of the imports. The labor-intensive FIBC manufacturing process has led to buyers opting for low-cost labor countries, like China, India, and Malaysia, for their FIBC requirements, making Asia, the best sourcing
Demand has almost doubled in the US for imports, while the export traffic has been steady. However, the trade tensions between the US and China can impact this significantly in the long term.
The UK, Germany, Italy, and Switzerland have increased import traffic from China for FIBC requirements. The UK is the major importer comprising of 12 percent of the European FIBC import.
China contributes to 28 percent of the global export traffic, followed by India, which contributes to 7 percent. Imports in South East Asian countries have been increasing for the past few years.
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