When did the FIBC bulk bags come from the first time? Why do many businesses select these flexible bags? Numbers show the huge demand for FIBC bags.
FIBC bulk bags or flexible intermediate bulk containers refer to intermediate bulk bags that can store a wide range of materials from stone and sand to chemicals. When did the first bulk bag appear? Why do many firms choose these bags? Keep reading this post and look at the numbers showing the huge demand for FIBC bags.
FIBC bulk bags history
No one can know the exact time of the first FIBC bag appearance. However, people said that these bags could be invented around between 1955 to 1965 in the US, Europe, and Japan.
In the beginning, they were made from sheets of heavy-duty PVC-coated nylon or polyester welded together.
In some circumstances, these bags would be wrapped around the container using lift slings, while in others, they would be tied to a customized pallet. In any case, the ability to load the bag from the top and discharge it from the bottom was the primary advantage of the FIBC design.
Bulk bags, on the other hand, did not fully take off until the mid-1970s, 10 to 20 years after they originally debuted. The oil crisis at the time required that oil-producing countries in the Middle East ramp up their operations, which required large volumes of cement.
That cement came from Europe, and the Europeans sent it in bulk quantities to the Middle East. Europe was shipping up to 50,000 metric tonnes per week to the Middle East from Spain, Northern Europe, and Italy. As a result, massive growth in the FIBC business was launched.
In the US, exemptions for hazardous products shipped in FIBCs were published in 1984, and the number of bulk bags soared.
Why do many businesses use bulk bags?
It’s possible to list tons of benefits of using FIBC bags for both individuals and businesses. That’s why these FIBC bulk bags have been for over 50 years. Reasons for using them such as:
Easy to store and handle different types of products like stone, chemicals, legal cannabis, hemp, and pharmaceutical products.
Very light when they just weigh only 5 to 7 pounds but they can have a full metric tonne of stuff.
Save costs and space.
Environmentally friendly when they can be reused many times.
Easier to procure
FIBC bags are easy to store and handle different types of products
Huge demand for FIBC bulk bags worldwide
In 2019, according to a report about the FIBC industry by the Grand View Research, Inc, it is said that by 2026, the FIBC market will be worth $6.4 billion. With the ability to reduce the weight of packaging, the demand for flexible intermediate bulk bags increases sharply.
Type A FIBC bag revenue is expected to reach USD 4.2 billion by 2026, with a CAGR of 5.9 percent from 2019 to 2026.
Because of advantages such as electric charge dissipative capacities, while loading and discharging powdered materials, the Type D FIBC bulk bag category is expected to reach USD 302.2 million by 2026.
The FIBC market is extremely fragmented, with a large number of firms competing mostly on price across many areas.
The demand for flexible intermediate bulk bags increases sharply
Moreover, according to the European Bioplastics Association, global bioplastic manufacturing capacity was roughly 2.1 million tonnes in 2020, with around 47 percent (1 million tonnes) of the volume set for the packaging industry. Bioplastics are more environmentally friendly than standard single-use plastic packaging. The shift to bio-based products is thus likely to benefit the industry.
Besides, Asia's emerging markets are predicted to have higher economic prospects in 2020 than the previous year. In China, demand for big bags is expected to expand by 1.7 times the present market value during the next decade.
Said that the potential demand for this FIBC bulk bags field is huge and key players are looking at the Asian market for more profitability.