DUBLIN, Oct. 6, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/tr8cz8/global_fibc) has announced the addition of the "Global FIBC (Flexible Intermediate Bulk Container) Market 2015-2019" report to their offering.
The report forecasts the global FIBC market to grow at a CAGR of 7.3% over the period 2014-2019.
The report, Global FIBC 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.
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 report, significant growth of industries like food and pharmaceutical has led to a considerable increase in demand for FIBCs. The growing need to reduce the overall weight of the bulk packaging and transporting materials is a major factor driving the demand for FIBCs in the food and pharmaceutical industry.
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.
To calculate the market size, the report considers the volume of FIBC used by the following industry segments:
- Other industries (includes construction, fertilizers, and mining and minerals)
- Berry Plastics
- Conitex Sonoco
- Greif Flexible Products & Services
- Plastipak Group
Other prominent vendors
- Bulk Lift International
- Intertape Polymer Group
- J&HM Dickson
- Jumbo Bag
- LC Packaging
- RDA Bulk Packaging
- Taihua Group
For more information visit http://www.researchandmarkets.com/research/tr8cz8/global_fibc
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets