Global Bulk Bags Market Size, Share, Growth, Trends, Analysis, Future Scope by Fabric Type (Type A, Type B, Type C, Type D) by Capacity (Small up to 0.75 cu.m, Medium 0.75 to 1.5 cu.m, Large Above 1.5 cu.m) by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross Corners, Others) by End-use (Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, Others) and Region-Global Report – Forecast to 2023
Bulk Bags Market Synopsis
According to Market Research Future (MRFR)’s assessment, the global bulk bags market has been estimated to scale a valuation of USD 4956.7 Mn by the end of 2023.
The report indicates that the global market is anticipated to strike a CAGR of 6.8% during the forecast period 2018 to 2023.
Bulk bags are a recent innovation brought by the packaging industry that has gained traction owing to its cost-effectiveness. Also, these bad are eco-friendly which is boosting its sales. Thus, the global bulk bags market is anticipated to accrue massive revenue in the years to come.
Also known as flexible intermediate bulk containers (FIBCs), these bags have revolutionized the growth pattern of the packaging industry. They have replaced the conventional packaging sacks due to reduced cost and increased flexibility. Thus, an upsurge in demand is forecasted and augment the bulk bags market in the upcoming years.
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These bags are made of woven polypropylene (PP) fabric which makes it resistant to heat. Also, these bags are available in PVC variant which is likely to gain popularity in the foreseeable future. The fact that these bags are reusable is increasing its market value. It is anticipated to boost the growth trajectory of the bulk bags market over the next couple of years.
The product is poised to witness an expansion of applications across different domains. It is prognosticated to catapult the bulk bags market on an upward trajectory. However, the volatile price of raw materials is projected to hinder market growth over the assessment period.
The noted players of the global bulk bags market profiled in this MRFR report are
- Greif Inc.(US)
- Berry Global Group, Inc (US)
- Conitex Sonoco (US)
- J&HM Dickson Ltd (UK)
- BAG Corp (US)
- LC Packaging (the Netherlands)
- Langston Companies, Inc.(US)
- RDA Bulk Packaging Ltd. (England)
- Emmbi Industries Ltd (India)
- Bulk Lift International (US).
In January 2019, Loop, a sustainable packaging company, has launched reusable packaging for biggest brands such as Procter & Gamble, Unilever, Mars, Nestlé, PepsiCo, Clorox, Danone, Coca-Cola, Mondelēz, etc.
In July 2018, Flexicon Corporation, a pioneer in design and manufacture of bulk handling equipment as well as custom-engineered and integrated plant-wide systems, has announced the launch of a new Block-Buster Bulk Bag Conditioner which comes with a laser safety curtain that stops operation automatically if the beam is obstructed.
Based on fabric type, the global bulk bags market has been segmented into type D, type C, type B, and type A.
On the basis of capacity, the bulk bags market has been segmented into large (above 1.5 cu.m), medium (0.75 to 1.5 cu.m), and small (up to 0.75 cu.m).
On the basis of design, the global bulk bags market has been segmented into cross corners, u-panel bagsbaffles, circular/tabular, four side panels, and others.
On the basis of end-users, the bulk bags market has been segmented into chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others.
The global bulk bags market, by region, has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America is the largest market for bulk bags. The region is expected to observe a drastic upsurge in demand owing to the expansion of end-user industries. Furthermore, the economic strength of the region is likely to support the growth pattern of the bulk bags market in the forthcoming years. The reliance on the industrial sector is anticipated to have a favorable impact on the market. In addition, the rising density of manufacturing industries is likely to act as the growth catalyst to market participants.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
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