India Flexible Intermediate Bulk Container Market (2025-2031) Outlook | Size, Share, Companies, Revenue, Industry, Growth, Forecast, Value, Analysis, Trends

Market Forecast By Product (Type A, Type B, Type C, Type D), By End-Use (Food, Chemical, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC373884 Publication Date: Aug 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Flexible Intermediate Bulk Container Market Import Shipment Trend (2020-2024)

The India flexible intermediate bulk container market demonstrated steady growth with a CAGR of 5.2% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024 with a growth rate of 2.5%. Overall, the market continued to expand, albeit at a slightly reduced pace in the most recent period.

Graph Showing India flexible intermediate bulk container market Shipment Trend & Volume from 2020-2024

India Flexible Intermediate Bulk Container Market Synopsis

The flexible intermediate bulk container (FIBC) market size in India is estimated to be around US$ 2 billion with an expected CAGR of over 12%, driven by rising demand from end user industries such as chemicals, pharmaceuticals and food processing among others. Factors such as increased usage of FIBC bags owing to their cost effectiveness compared to other packaging solutions coupled with the introduction of regulations mandating FIBC bags for hazardous cargo transportation will drive further growth opportunities for this segment over the forecast period.

Market Drivers of the market

The India FIBC market has experienced significant expansion due to several key drivers. Firstly, the growing demand for efficient and cost-effective bulk packaging solutions across various industries, such as agriculture, chemicals, pharmaceuticals, and food, has been a major driver for FIBC adoption. FIBCs offer advantages like easy handling, storage, and transportation of bulk goods, which has further contributed to their popularity. Moreover, the increasing export activities have created a higher demand for FIBCs, as they are widely used in the international shipment of goods.

Challenges of the Market

The FIBC market in India has witnessed substantial growth due to its extensive use in transporting and storing bulk materials. However, there are some restraints affecting its progress. Fluctuations in raw material prices, such as polypropylene, which is a common material used in FIBC production, have impacted manufacturing costs. Furthermore, the lack of proper handling and disposal systems for used FIBCs has raised environmental concerns, leading to potential regulatory challenges.

Covid-19 Impact on the Market

The flexible intermediate bulk container market faced challenges due to disruptions in international trade and supply chain constraints. With a decline in industrial activities, the demand for these containers decreased. However, as the healthcare sector required safe and hygienic packaging solutions, there was a slight uptick in demand from pharmaceutical and medical industries.

Key Players of the Market

FIBCs are widely used in the transportation of bulk materials, and the market is witnessing significant growth in India. Key players in this segment include Bulk Handling India Pvt Ltd, Beepee Enterprise, Emmbi Industries Limited, Rishi FIBC Solutions Pvt Ltd, and Halsted Corporation.

Key Highlights of the Report:

  • India Flexible Intermediate Bulk Container Market Outlook
  • Market Size of India Flexible Intermediate Bulk Container Market, 2024
  • Forecast of India Flexible Intermediate Bulk Container Market, 2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Revenues & Volume for the Period 2021-2031
  • India Flexible Intermediate Bulk Container Market Trend Evolution
  • India Flexible Intermediate Bulk Container Market Drivers and Challenges
  • India Flexible Intermediate Bulk Container Price Trends
  • India Flexible Intermediate Bulk Container Porter's Five Forces
  • India Flexible Intermediate Bulk Container Industry Life Cycle
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Type A for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Type B for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Type C for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Type D for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By End-Use for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Food for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Chemical for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of India Flexible Intermediate Bulk Container Market Revenues & Volume By Others for the Period 2021-2031
  • India Flexible Intermediate Bulk Container Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By End-Use
  • India Flexible Intermediate Bulk Container Top Companies Market Share
  • India Flexible Intermediate Bulk Container Competitive Benchmarking By Technical and Operational Parameters
  • India Flexible Intermediate Bulk Container Company Profiles
  • India Flexible Intermediate Bulk Container Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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