Bulk Bag Market will Project a CAGR of 6.20% for the Forecast Period
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.
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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.
Bulk Bag Market Country Level Analysis
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.
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Competitive Landscape and Global Bulk Bag Market Share Analysis
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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