Global Bulk Bag Market, By Capacity (Small (Up to 0.75 cu. m), Medium (0.75 to 1.5 cu. m), Large (Above 1.5 cu. m)), Fabric Type (Type A, Type B, Type C, Type D), Design (U-Panel Bags, Four Side Panels, Baffles, Circular/ Tabular, Cross Corners, Others), Filling and Discharge (Open Top and Flat Bottom, Duffle Top and Flat Bottom, Open Top and Spout Bottom, Spout Top and Spout Bottom, Spout Top and Flat Bottom, Others), End User (Chemicals and Fertilizers, Food, Construction, Pharmaceuticals, Mining, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Bulk Bag Market
Data Bridge Market Research analyses that the bulk bag market will project a CAGR of 6.20% for the forecast period of 2022-2029 and is expected to reach the USD 106.87 million by 2029.
Non-woven jumbo bags made of woven polypropylene cloth are known as bulk bags. Weather resistance, high durability, safety convenience carriage, high tensile strength, heat resistance, elastic material, no shrinking, and capacity for mass amount carrier are all characteristics of bulk bags. Bulk bags are specifically intended for storage and transportation. They are a once-in-a-lifetime opportunity to be both environmentally friendly and cost-effective. Sacks could be replaced with bulk bags or FIBCs (flexible intermediate bulk containers).
The increasing demand for bulk bags in chemical industry is expected to drive the demand for bulk bag market. Furthermore, the enhance efficiency and easy transportation included in transporting materials over long distances will cushion the market’s growth rate. In addition, other factors such as increase in the growth of e-commerce sector and low cost of production will influence the growth of bulk bag market. Another significant driver that will expand the market’s growth rate is reusable, biodegradable and recyclable nature of bulk bags. Also, rapid urbanization and swift industrialization in developing countries are the factor that will further cushion the growth rate of bulk bag market. Also, easy to handle feature and high disposable income of population will further surge the demand for bulk bag market. Also, rapid technological advancement and increasing number of construction activities will have a positive impact on the growth rate of bulk bag market.
Moreover, shifting focus of manufacturers and producers towards highly protective and efficient solutions for domestic and international shipment and sales will also create beneficial opportunities for the bulk bag market growth. Additionally, strategic collaboration among major market players and emerging new markets are the significant factors that will drive the growth rate of bulk bag market and further provide lucrative market opportunities in the future.
On the other hand, reducing demand for bulk bags mage of PVC materials will hamper the growth rate of bulk bag market. Impact of COVID-19 on supply chain and increasing preference for small-sized, sealable packaging solutions will pose a major challenge on the growth of bulk bag market. Also, strict government regulations and the introduction of automated pipelines for storage purposes will impede the bulk bag market’s growth rate.
This bulk bag market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bulk bag market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bulk Bag Market Scope and Market Size
The bulk bag market is segmented on the basis of capacity, fabric type, design, filling and discharge, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of capacity, the bulk bag market is segmented into small (up to 0.75 cu. m), medium (0.75 to 1.5 cu. m), and large (above 1.5 cu. m).
- On the basis of fabric type, the bulk bag market is segmented into type A, type B, type C, and type D.
- On the basis of design, the bulk bag market is segmented into u-panel bags, four side panels, baffles, circular/ tabular, cross corners, and others.
- On the basis of filling and discharge, the bulk bag market is segmented into open top and flat bottom, duffle top and flat bottom, open top and spout bottom, spout top and spout bottom, spout top and flat bottom, and others.
- On the basis of end user, the bulk bag market is segmented into chemicals and fertilizers, food, construction, pharmaceuticals, mining, and others.
Bulk Bag Market Country Level Analysis
The bulk bag market is analysed and market size insights and trends are provided by country, capacity, fabric type, design, filling and discharge, and end user as referenced above.
The countries covered in the bulk bag market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region is predicted to continue a dominant position in bulk bag market among other regions worldwide. This is attributable to the high use of packaging materials with high density by end-use industries and growth of fertilizer and chemical industry in this region. Europe is expected to grow at a significant rate during the forecast period of 2022-2029 due to involvement of bulk bags in mining and pharmaceutical sector in this region.
The country section of the bulk bag market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Bulk Bag Market Share Analysis
The bulk bag market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bulk bag market.
Some of the major players operating in the bulk bag market are Bulk Corp International, Rishi FIBC Solutions PVT. Ltd, Woven International, K.S. Plastic Industries, ABC Polymer Industries, LLC, Global-Pak Inc., Asia Bulk Sacks Pvt. Ltd, UNOVEL INDUSTRIES PVT LTD, Manyan Inc., Big Bags International Pvt. Ltd., ALPINE FIBC PVT.LTD, Greif, Conitex Sonoco, Langston Bag, Bulk Lift International, LLC, VR FIBC JUMBO BAG INDUSTRIES, and LARE FIBC LLC., among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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