FMI’ Analyst view: “Bridging Efficiency: The Evolution of 4-Loop FIBC Solutions”
The global 4-loop FIBC market size is expected to be valued at US$ 18.1 billion in 2023. Adaptability to automated systems, bolsters the overall scope for 4-loop FIBC market, which is projected to grow at a CAGR of 4.0% between 2023 and 2033, totalling around US$ 26.9 billion by 2033.
Enhanced safety features in 4-loop FIBCs (Flexible Intermediate Bulk Containers) represent a significant advancement in packaging technology, catering to the diverse needs of industries and applications where safety and protection are paramount. The features have gained prominence due to the growing emphasis on workplace safety, regulatory compliance, and the need to mitigate potential hazards associated with bulk material transportation and storage.
Industries dealing with flammable or explosive materials, such as chemicals, pharmaceuticals, and electronics, require packaging that can prevent static electricity buildup. Anti-static 4-loop FIBCs are designed to dissipate static charges, minimizing the risk of sparks that could lead to ignition. The feature enhances worker safety and reduces the potential for accidents in environments where static electricity can pose a significant danger.
For applications where bulk materials need to be stored or transported outdoors, exposure to ultraviolet (UV) radiation can degrade the structural integrity of traditional FIBCs over time. UV-resistant 4-loop FIBCs are engineered to withstand prolonged sun exposure, maintaining their strength and durability, which makes them suitable for construction, agriculture, and other industries where outdoor storage and transportation are common.
As per Future Market Insights, industries dealing with combustible materials or operating in environments with elevated fire risks, such as construction, chemicals, and mining, benefit from flame-retardant 4-loop FIBCs. The containers are designed to inhibit the spread of flames and combustion, providing an added layer of protection against fire hazards.
Factors Driving the Market for 4-Loop FIBC
eCommerce and Logistics is Likely to be Beneficial for Market Growth
The rapid growth of e-commerce and online retail has brought about a fundamental shift in the way goods are packaged, transported, and delivered. The transformation has led to an increased demand for packaging solutions that are not only efficient but also secure, especially when it comes to bulk materials. 4-loop FIBCs are emerging as a valuable tool to optimize the e-commerce and logistics landscape.
4-loop FIBCs are designed for easy handling and storage, making them well-suited for the dynamic and fast-paced environment of e-commerce fulfilment centres and warehouses. Their large capacity allows for the consolidation of multiple smaller units into a single container, optimizing space utilization.
E-commerce often involves the movement of bulk materials, whether it’s for shipping products from manufacturers to distribution centres or from distribution centres to end customers. 4-loop FIBCs provide a convenient and efficient means of transporting larger quantities of goods in a single container.
4-loop FIBCs can be customized to meet the specific requirements of different products and industries. They are available in various sizes, capacities, and specifications, allowing e-commerce businesses to tailor the packaging to their needs.
Rise of Specialty Chemicals and Pharmaceuticals to Fuel the Market Growth
The rise of specialty chemicals and pharmaceutical industries has brought about unique challenges and requirements in terms of packaging and transportation of their products. The industries deal with a wide range of sensitive and valuable materials, including chemicals, pharmaceutical ingredients, and hazardous substances, which necessitate specialized packaging solutions that ensure safety, security, and efficiency. 4-loop FIBCs have emerged as a valuable asset, offering tailored designs and features that cater to the distinct needs of these sectors.
Specialty chemicals and pharmaceuticals often require containment solutions that prevent cross-contamination, spills, and leaks during transportation and storage. 4-loop FIBCs are designed with reinforced seams, robust construction, and secure closure mechanisms to ensure the safe containment of these sensitive materials.
Some specialty chemicals and pharmaceuticals are classified as hazardous materials due to their potential risks to health, safety, and the environment. 4-loop FIBCs can be customized with features such as anti-static properties and UV resistance to mitigate these risks and ensure compliance with regulatory standards.
4-loop FIBCs can be designed and customized to accommodate the specific characteristics of specialty chemicals and pharmaceuticals, which includes considerations such as material compatibility, weight distribution, and protection against external factors like moisture and contamination.
The United States to Hold the Major Share
During the projection period, the demand for 4-loop FIBC bags in North America is likely to remain the highest in terms of both value and volume. The United States is predicted to have the largest 4-loop FIBC market share, while Canada is expected to rise significantly throughout the projection period.
During the forecast period, the Europe 4- loop FIBC market is predicted to closely follow the North America 4- loop FIBC market in terms of market size. During the projected period, the Asia Pacific 4 – loop FIBC is predicted to see considerable growth in terms of both volume and sales of 4- loop FIBC.
The global 4-loop FIBC market has a lot of room for growth in countries like India, China, and Brazil, as well as the ASEAN region. Sales of 4-loop FIBC have risen, as the items being carried are better protected, and procurement is easier. The region is expected to hold a CAGR of 3.9% over the analysis period.
Key players in the 4-loop FIBC market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their 4-loop FIBC production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported 4-loop FIBC.
- In 2023, Alpine FIBC acquired Shalimar Group, a leading manufacturer of 4-Loop FIBCs in India.
- In the same year, LC Packaging launched its new line of sustainable 4-Loop FIBCs made from recycled materials.
- In 2022, LARE FIBC introduced its new line of high-performance 4-Loop FIBCs for the construction industry.
- In the same year, Umasree Texplast launched its new line of 4-Loop FIBCs for the food and beverage industry.
- In 2021, ATEA introduced its new line of 4-Loop FIBCs for the mining industry.