HDPE Jumbo Bags Manufacturing Industry. Production of FIBCS (Flexible Intermediate Bulk Containers), Bulk Bags
FIBC Bags, also known as Jumbo Bags/ Bulk Bags, are one of the most cost effective types of packing for storage and transportation of a wide range of materials such as chemicals, food, metal etc. These gusseted bags are extensively used for the storage of various agri products and food grains with optimum space utilization. These Jumbo Bags are popular for possessing good strength and are available with lifting loop for easy handling.
Usage: packaging for fertilizers, food, chemicals, construction and agriculture
Currently, a large number of industries that are using bulk bags:
· Petrochemical and chemical product manufacturers
· Food product manufacturers (e.g. sugar, flour, spices, wheat, milk powder)
· Construction products (e.g. cement, granite, sand)
· Agricultural and related products (e.g. fertilizers, animal feed, grass).
· Industrial applications (e.g. scrap materials, copper coils & slag, sludge waste)
· Wood industries (e.g. firewood, lumber, planks)
· Convenient to carry
· Ideal for storage purposes
· Suitable for packaging
· Jumbo sized bags
· Can bear heavy loads
· No risk of getting torn
FIBC (Flexible Intermediate Bulk Container) constitutes 68% of the revenue and is mainly used for bulk packaging in chemicals, agriculture, food, cement, construction industries, etc.
The global packaging industry is USD 700 Bn in size and is expected to be over USD 1 Tn by 2020, while that in India is at USD 32 Bn and is expected to reach USD 73 Bn by FY20 (18% CAGR). The FIBC industry has the potential to maintain positive growth through demand emanating from international as well as domestic industries.
Packaging is becoming an important aspect to protect and preserve the product from harmful rays, dust or moisture during the course of transportation. It plays an important role as primary packaging so that the product contaminate or react with any chemical. Moreover, secondary packaging plays a vital role during transportation of goods from one place to another without getting damage. Jumbo bags is a type of primary and secondary packaging solution that is specifically designed for transportation and storage purpose. These jumbo bags are commonly known as FIBC (Flexible Intermediate Bulk Containers), bulk bags, big bags, container bags or flexible container.
These bags are equipped with easy handling for transportation due to a wide variety of lifting options which includes cross corner loops, sleeve lift, hood lift, ancillary lift, double stevedore straps, single stevedore straps, etc. Moreover, these jumbo bags are ideal for manufacturer due to the wide variety of inlets and outlets that these jumbo bags possess. Some inlets are known as open top, spout top, duffle top and flap with spout top, whereas, some outlets are flat bottom, discharge spout and discharge spout with flap. These jumbo is primarily applicable for powder, liquid, granules, etc.
FIBCs are increasingly used in the storing, handling, or transporting of industrial products due to their lightweight and durability. Further in addition, the utilization of FIBCs provides cost reduction by nearly 45%- 55% to the packaging companies compared to traditional packaging. These advantages of FIBCs over other kinds of packaging will continue to drive the demand for FIBCs in the industrial applications.
Significant growth in sectors such as food and horticulture, which are posting above average CAGRs, has led to a considerable increase in the 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 packaging sacks in the construction, chemical, and fertilizer sectors.
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in North America is dominates the global market in terms of revenue and expected to maintain its position in over the forecast period, owing to presence of large number of manufacturing and processing industries. Asia Pacific market is expected to witness high growth in terms of revenue in the near future, owing to increasing demand for reusable packaging in agriculture sector, especially in emerging economies. Revenue of Europe market is expected witness average growth over the forecast period, followed by Latin America and Middle East and Africa.
Major Key players of Jumbo Bags market are:
· Jumbo Bag Ltd
· Gulf Plastic Industries Company SAOG
· FIBC Vietnam
· PINNACLE Packing Industries L.L.C.
· Al-Tawfiq Company
· Filling & Packing Materials Manufacturing Company (FIPCO)
· BJJ PHOLSUWAN ENTERPRISE CO., LTD.
· Virgo Polymers India Ltd.
· Berg Bag Company, Inc.
· KP Polypack International
FIBC Industry in India
India is already the second-largest manufacturer of FIBC in the world and has proved to be a cost-efficient country for manufacturing FIBC. Although industrial growth in developed nations was impacted by the economic recession, the Indian FIBC industry gained significance due to their capability to manufacture products according to their customers’ behest while maintaining sustainability, aesthetic display and convenience. The organized players with a good marketing network in FIBC industry have an opportunity to establish their foothold in key markets where production outruns the demand and extend their geographical reach to tap latent demand in developing countries.
The demand for FIBC bags is likely to remain robust on the back of strong growth of food and minerals industry in International Markets, cost effective handling and transportation advantages. Particularity due to low cost the Indian FIBC industry is favored hub for FIBC globally. There is also enormous growth potential for plastic products considering that the per capital consumption is less than half of the global average.
The FIBC industry has the potential to maintain positive growth through demand emanating from international as well as domestic industries. In the medium term, the increasing demand for Indian FIBC from major destination markets, viz, the USA and Europe and stable foreign exchange rates albeit increasing competition among the Indian manufacturers, expected to retain the demand momentum. Entities with strong foothold in international market with value added product portfolio, better working capital management and sound foreign exchange fluctuation risk management would be in a position to earn higher margins.
The packaging industry in India is one of the fastest growing industries having influence on all industries, directly or indirectly. Indian packaging industry has registered a CAGR of 16% in the last five years. The spending on packaged foods is increasing due to increase in per capita income, urbanization and growing numbers of working women. There is great growth potential since India’s per capita consumption of packaging is only 4.3 kg whereas neighbouring Asian countries such as China and Taiwan is about 6 kg and 19 kg respectively. This clearly indicates that the market is under penetrated and offers a great business opportunity for the Indian plastics packaging industry.
In the medium-term, the Indian FIBC industry has the potential to maintain positive growth through demand emanating from international as well as domestic industries. In the domestic market, the industry is also envisaged to receive a boost from agriculture, mineral, petrochemical industries and various industrial markets. Internationally, the FIBC industry is estimated to demonstrate firm growth driven by acceptability and increase in usage by the pharmaceutical and food industry.
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