LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global flexible intermediate bulk container (FIBC) market, which is expected to grow at a CAGR of more than 7% from 2015-2019.
FIBC market segmentation including end-user and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different end-users, including chemical, food, pharmaceutical, and other.
Additionally, analysts have segmented market projections by key geography, focusing on the Americas, Europe, the APAC, and the EMEA region.
“The growing environmental concern about the usage of synthetic plastic, which is mostly derived from petroleum feedstock, has encouraged the market to develop eco-friendly plastics for consumers. Generally, polypropylene and polyethylene are the two widely-used plastics for the production of FIBC. However, an increase in the demand for bio-based products has shifted the focus of manufacturers from synthetic to bio-based polypropylene for the production of FIBCs,” says Faisal Ghaus, Vice President of Technavio.
FIBC: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global FIBC market from 2015-2019. To calculate the market size, the report considers the volume of FIBCs used by the various industry segments such as food, pharmaceutical, chemical, and other (includes construction, fertilizers, and mining and minerals industries).
Industry analysis includes:
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Key Vendors:
- Berry Plastics
- Conitex Sonoco
- Global-Pak
- Greif Flexible Products & Services
- Plastipak Group
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Market Growth Drivers:
- Increase in demand from end-users
- Production of innovative FIBCs
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Market Challenges:
- Volatility in raw material prices
- Low UV resistance of FIBCs
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Market Trends:
- Use of bio-based raw materials
- High demand from Europe and North America
View the global flexible intermediate bulk container (FIBC) market report.
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