The global FIBC market is led by five countries India, China, Vietnam, Turkey, and Mexico. In 2021, these countries exported 250 million units, with India accounting for 50 per cent of that volume. At least two per cent of the global FIBC/Jumbo Bag market will be able to immediately replace the polypropylene product with recycled PET/PCR bags and this replacement will increase over the years.
The new production unit to come near Ahmedabad which will produce 100 per cent sustainable FIBC/Jumbo Bags is expected to create about 700 jobs. The plant will help India become self-reliant as well as emerge as a hub for exports of the bags.
“This new facility in Asia will take Packem to global markets that are already served today by Umasree, in PP bags, especially the USA, Canada and Europe. “Our rPET big bag will bring great environmental and social benefits to India, in addition to direct jobs. It is estimated that every metric tonne of recycled plastic will create three local jobs for the collection and recycling industry. In addition, our project will create local demand for post-consumer PET bottles, with a positive impact on oceans, rivers and the environment in general,” pointed out Marcos Spitzner Filho, CFO of Packem.
https://theprint.in/ani-press-releases/ahmedabad-based-umasree-texplast-partners-with-brazils-packem-to-make-eco-friendly-fibc-jumbo-bags/1206872/