Bulk Distributor Nov/Dec 15 | Page 16

16 BULKDISTRIBUTOR FIBCs & Bagging November/December 2015 Market set for global growth L atest statistics demonstrate that the market for FIBCs is as competitive and globalised as ever with a continuing shift to manufacturing in emerging market countries. During 2014, roughly 220,000 tonnes of FIBCs were purchased in Europe with 165,000 tonnes being supplied from outside the EU (see Table and Figs 1&2). This represented a 10 percent growth by sales and volume – exceeding even the more optimistic expectations for the plastics and flexible packaging sectors. India displaced Turkey as the leading supplier to Europe with a sales growth rate of almost 18 percent, however, the accolade for fastest growth went to Bangladesh which saw its supplies into the EU increase by more than 33 percent, surpassing China to take third place. Growth in the flexible packaging market is expected to reach US$231 billion by 2018 with the bulk market constituting nearly 26 percent of this. This growth in flexible packaging is expected to increase faster compared with rigid packaging due to the benefits in weight, load capacity and recyclability that FIBCs in particular carry. 2014 2013 Change Rank Country FIBC Exports to the EU (m€) Share of total imports to the EU (%) FIBC Exports to the EU (m€) Share of total imports to the EU (%) % 1 2 3 4 5 6 India Turkey Bangladesh China Serbia Thailand 166.9 135.6 24.4 23.4 16.0 7.7 41.7 33.9 6.1 5.9 4 1.9 137 138.8 16.3 27.3 12.9 7.9 37.8 38.1 4.5 7.5 3.5 2.2 17.9 -2.3 33.5 -16.7 19.3 -3.1 EU Imports in Euro since 2009 EU Imports in 1000kg since 2009 1,50,000 sft 10 MILLION FACILITY FIBC p.a. Products: Food Grade FIBC Container Liners Pharma Grade FIBC PP Woven Sacks Conductive Type ‘C’ Bags Tarpaulins Type ‘D’ Bags Flood Protection Bags Baffle Liner Bags Ground Covers Net Baffle Bags Certification: Big Bags International Pvt. Ltd., www.bigbagsinternational.com # 8, EPI P I ndu st r i al Ar e a, G a n jim ut t , M a n g a lo r e-5 7 4 1 4 4 , K a r n a t a ka . I NDI A Ph.: 0824-3023528; 3023456, 2866400 Fax: 0824-3023403 Email: [email protected]