The global FIBC market eport says flexible intermediate bulk container players are increasingly investing in R&D for the development of products that are high-performing in terms of quality, durability, and energy absorption, as per Infiniti Research Limited .
Commenting on this flexible intermediate bulk container (FIBC) market report, an analyst said "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. Significant growth of industries like food and pharmaceutical has led to a considerable increase in demand for FIBC market. The growing needs 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, FIBC vendors have to increase the prices of their end products or reduce their profit margins, which will have an adverse effect on FIBC market growth. To calculate the FIBC market size, the report considers the volume of FIBC used by the industry segments of Food, Pharmaceuticals, Chemical and Other industries (includes construction, fertilizers, and mining and minerals).
11-May-16 
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