Global flexible intermediate bulk container (FIBC) market

26 October 2015

In a new report Technavio's analysts forecast the global flexible intermediate bulk container (FIBC) market to grow at a CAGR of more than 7% from 2015-2019.
The growing environmental concern about the usage of synthetic plastic, which is mostly derived from petroleum feedstock, has encouraged the market to develop eco-friendly plastics for consumers. Generally, polypropylene and polyethylene are the two widely-used plastics for the production of FIBCs. However, an increase in the demand for bio-based products has shifted the focus of manufacturers from synthetic to bio-based polypropylene for the production of FIBCs (Press Release Technavio, 29 September 2015).
Click here for the press release.
Click here for more information about the report.

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