4-Loop FIBC Market: Dynamics
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Building & construction manufacturers are using packaging formats such jumbo bags, 4-loop FIBC, jute bags and other packaging formats to pack sand, cement and among others. Majority of the manufacturers have shifted to 4-Loop FIBC bags due to better protection of the materials that are transported and for ease of procurement. 4-loop FIBC have a low package to product weight ratio and empty FIBC’s are compact and lightweight which reduces the transportation cost. Due to this factor, there is increase in demand of 4-Loop FIBC among the various end use industries manufacturers in bulk good transportation. Despite the positive factors there are certain factors which hinder the growth of the global 4-loop FIBC market. Rise in the price of the raw materials and labour shortage may hamper the production of 4- Loop FIBC. 4- Loop FIBC are generally made up of the raw materials such as polypropylene and polyethylene. It is estimated that that raw material accounts for 60-70 % of the total manufacturing cost of the FIBC. Availability and fluctuation in prices of raw materials are major constraints in maintaining competitive prices of 4- Loop FIBC manufacturers.
4-Loop FIBC Market: Regional Outlook
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The North America 4-Loop FIBC bags consumption is expected to remain top in terms of value and volume during the forecast period. The U.S. 4-Loop FIBC is expected to remain the largest market of 4-Loop FIBC Market, while Canada is expected to register a notable growth during the forecast period. The Europe 4- Loop FIBC market is expected to closely follow the North America 4- Loop FIBC market in terms of market size during the forecast period. The Asia Pacific 4 – Loop FIBC is expected to register significant opportunity in terms of value and volume, during the forecast period. Countries such as India, China, and Brazil and ASEAN region offers high growth opportunities of the global 4-Loop FIBC Market. The increase in demand of 4-Loop FIBC in these countries is due to increase in the penetration of building & construction industry. Middle East & Africa (MEA) 4- Loop FIBC market is expected to register sluggish growth during the forecast period.
4-Loop FIBC Market: Key Players
Few of the leading players operating in the global 4-Loop FIBC market are – FlexiTuff Ventures International Ltd ALPINE FIBC PVT.LTD Shalimar Group LC Packaging Muscat Polymers Pvt. Ltd LARE FIBC
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis includes – North America Europe Middle East & Africa (MEA) East Asia (Japan, China, South Korea) South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest) Oceania (Australia, New Zealand) Latin America
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