FIBC bags, also known as Flexible Intermediate Bulk Containers, are large bags made of woven polypropylene (PP) fabric that are used to store and transport dry bulk materials. FIBC Bulk Bags are extremely versatile and can be used in a wide range of industries and applications.
FIBC bags are also known as jumbo bags or bulk bags. These are quite economical and ideal packing mediums for the storage & transportation of powdered, granulated, or bulk products.
Application Areas of FIBC Bulk Bags
FIBC Bulk Bags are widely used in a wide range of industries. Some of the prominent industries are mentioned below:
- Petrochemical & chemical products manufacturers
- Food manufacturers – Sugar, flour, spices, wheat, milk powder
- Construction-related – Cement, granite, sand
- Industrial applications – Scrap materials, copper coils & slag, sludge waste
Another interesting use of FIBC bags is in the agriculture industry. These bags are commonly used to transport and store grains, such as wheat, corn, and rice. They are also used to store and transport fertilizer, seed, and other agricultural chemicals. This allows farmers to efficiently transport and store large quantities of materials, which is essential for modern agriculture.
Read Also: Best IPOs That Doubled Investors’ Money
Physical Characteristics of Jumbo Bags
Since FIBC containers are flexible, these are lightweight and also offer other benefits such as being recyclable and environment friendly. These products have the capability of being transported with the assistance of pallets fitted below them which makes them easier to lift and handle.
In terms of dimensions, a ton bag has dimensions of 90x90x90cm and a volume capacity of 0.75m³. It is suitable to carry up to 1,000 kg of load.
Despite their flexible nature, FIBC bags provide immaculate safety to the materials packaged. Bulk bags can hold anywhere between 500 – 2,000 kg of material which is quite impressive. These containers can be stored in a small space by folding and pressing multiple FIBCs together.
Read Also: All-Time Largest IPOs in India at a Glance
Global Market Size of Jumbo Bags
The global market for Flexible Intermediate Bulk Containers was estimated at USD 6.7 billion in the year 2022. The FIBC Bag industry is not likely to post high growth but rather expand at a steady CAGR of 5.3% between 2022 and 2028 and reach USD 9.1 billion by 2028.
Major FIBC Producers in India
- Flexituff Ventures International Limited
- Kanpur Plastipack Limited
- Rishi Techtex Limited
- Jumbo Bag Limited
- SMVD Poly Pack Limited
- EMMBI Industries Limited
- Commercial Synbag Limited
- Sah Polymers Limited
Flexituff Ventures International – Flexituff is a multi-product, multi-market, multi-location enterprise. A leading global FIBC major, the company serves the domain needs of the Retail, Agro, and Infrastructure sectors. It has four manufacturing plants across India, a wholly-owned distribution company in the United Kingdom and a dedicated warehousing supply and Technical Services network in all continents, and exports to over 60 countries.
Flexituff Ventures share price – INR 31.6 per share
Kanpur Plastipack – Established as a small-scale industry in 1971, the company has three world-class manufacturing facilities in Kanpur spread across a sprawling 800,000 sq. feet.
Kanpur Plastipack share price – INR 85.4 per share
Jumbo Bag – Established in 1990, Jumbo Bag is part of the BLISS Group of companies. The company started operations with an initial capacity of 720,000 jumbo bags (FIBCs) and has now expanded capacity to over 3.6 million bags per annum.
Jumbo Bag share price – INR 18.7 per share
SMVD Polypack – Kolkata-based SMVD Polypack is an integrated producer of FIBC Jumbo bags, PP/HDPE woven sacks, BOPP bags, and Leno bags. It has an installed capacity of 4000 MT per annum.
SMVD Polypack share price – INR 10.5 per share
EMMBI Industries – Emmbi Industries operates four facilities for FIBCs at Silvassa with an extrusion capacity of 2,000 MT per month. Established in 1994, the company gets the majority of its revenues from exports.
EMMBI Industries share price – INR 84 per share
Commercial Syn Bags (COMSYN) – COMSYN is a leading manufacturer and exporter of FIBC, Big Bags and Food Grade FIBC, Pond Liner, Tarpaulin, BOPP Bags, PP Fabric, PP Woven Sacks, Conductive Bags, and Conductive Liners.
Commercial Syn Bags share price – INR 98 per share
FIBS Jumbo Bags FAQs
What is FIBC full form?
FIBC full form is Flexible Intermediate Bulk Containers.
How big is the global FIBC market?
Global FIBC market was estimated to be worth USD 6.7 billion in the year 2022, according to market research experts.
Who are the major players in FIBC bag industry?
Flexituff Ventures International, Kanpur Plastipack, Rishi Techtex, Jumbo Bag, SMVD Poly Pack, EMMBI Industries, Commercial Synbag, and Sah Polymers are the major manufacturers of FIBC bags.