Key vendors to strategically increase their sales through pro shops retail format.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global flexible intermediate bulk container (FIBC) market in their latest research report. This report also lists 13 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global FIBC market is highly fragmented in nature due to the presence of numerous multinational, regional, and local vendors. The market is characterized by the presence of diversified companies at local, regional, and international levels. FIBC product manufacturers offer innovative solutions at a lower price than the international players, leading to price wars to keep pace with the competition in the market.
According to Sharan Raj, a lead analyst at Technavio for research on packaging, “Small and local vendors in the market space compete in terms of cost as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. As a result, there is huge scope for vendors to improve their product offerings through an increase in usage of chemicals, fertilizers, and consumption of food and pharmaceutical industries.”
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Top five vendors in the FIBC market space
Berry Plastics
Berry Plastics offers value-added plastic consumer packaging and engineered materials, including thin-wall containers, drinking cups, bottles, prescription vials, adhesives, specialty closures, specialty films, and corrosion protection materials. It caters to various end markets, including food and beverage, healthcare, and personal care sectors. It operates about 124 facilities across the globe.
Key products: Agribags, Atlas Bag, Dust-Tainer, Marino Technologies Rafypak bags, VegiBags, Walpole bag, Woven polypropylene fabric bags, and Bag furbishing.
Conitex Sonoco
Conitex Sonoco carries out the manufacturing and distribution of packaging solutions in paperboards, FIBC bags, textile carriers, and corrugated pallets. Conitex Sonoco is a joint venture of Sonoco Products Company and Texpack Group.
Key products: FIBC bags, Durable BOPP bags, Woven polypropylene bags, Bale wrap bags, and Unique specialty products.
Greif
Greif produces industrial packaging products and services. The company’s product line comprises fiber drums, plastic drums, RIBCs, flexible and corrugated containers, and containerboard, among others. For FY2015, the company had a recorded revenue of around USD 4 billion.
Key products: BF508 body composition monitor, BF-212 body composition monitor.
Global-Pak
Global-Pak provides bulk packaging materials such as bulk bags, roll-off container liners, pails, plastics, and multi-wall bags. The company import large quantities of bulk bags from India and also manufactures bulk bags at its East Liverpool, Ohio location in the US.
Key products: Bulk bag, Small packaging bags, Roll off liners, Steel pails, Plastic pails, and Specialty cans.
Plastipak
Plastipak, through its subsidiary, Plastipak Packaging, has expertise in designing and producing rigid plastic containers made for food, personal care, beverage, automotive and industrial, consumer cleaning, and specialty products markets worldwide.
Key products: 1- and 2-Loop FIBC and 4-Loop FIBC.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global FIBC Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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