Bulk Bags Market Overview
Cost-affordability and eco-friendliness are taking the bulk bags market ahead. A product of the latest technological advancements, these bulk bags are designed to store and transport industrial goods. The global bulk bags market is rapidly moving upscale to achieve a market valuation of USD 4956.7 million with a CAGR of 6.80% during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further incorporates drivers that can take the bulk bags market further in the coming years. Bulk bags market has already taken the fight to traditional packaging modes.
Bulk bags are bags designed to carry heavy loads with ease. Innovations in packaging have culminated in the development of eco-friendly bags which adhere to environmental standards. They are also known as flexible intermediate bulk containers (FIBCs). Eco-friendliness and affordability are two main characteristics of these bags which are gaining worldwide attention.
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Key market players include
- Langston Companies, Inc.
- Conitex Sonoco
- Berry Global Group, Inc
- RDA Bulk Packaging Ltd.
- LC Packaging
- Emmbi Industries Ltd
- BAG Corp
- Bulk Lift International
- J&HM Dickson Ltd
- Greif Inc., and others.
Bulk Bags Market Segmentation
The global bulk bags market is segmented by fabric type, capacity, design, and end-user.
By fabric type, it is segmented into type A, type B, type C, and type D. Among these, type A is the dominant one, while Type D can exhibit the fastest growth rate during the forecast period. Type A bags are primarily used for the transport of non-combustible materials and take up minimum space while being folded.
By capacity, it 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). Small bulk bags can continue to be the dominating segment till 2023.
By design, it is segmented into cross corners, u-panel bags, four-side panels, circular/tabular, baffles, and others. Among these, u-panel bags are predicted to exhibit the fastest growth rate till 2023.
By end-user, it is segmented into pharmaceuticals, mining, construction, chemicals & fertilizers, food, and others. Chemicals & fertilizers are likely to elicit massive demand for bulk bags and maintain its position till the end of the forecast timespan.
The global bulk bags market is estimated to touch a valuation of USD 4,956.7 million by 2023 at a CAGR of 6.80% during the forecast period. The properties of mildew resistance, resistance to shrinking and stretching, and manufacture from woven polypropylene can drive its market demand exponentially.
The ability of bulk bags to be stored and handled without relying on pallets is one of the biggest market drivers. Recyclable nature of bulk bags is expected to spur the market demand in Asia Pacific.
Volatile prices of raw materials can pose a challenge to market growth. But its popularity across various industries can avert its declining growth.
Geographically, the global bulk bags market covers regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The North America region is expected to dominate in the global market due to presence of various industries. Manufacturing, chemical, and food companies are predicted to be the biggest demand generators of the region. In addition, investments in bulk bags which can save expenses on warehouses can work well for large corporations. This is evident by the 6:1 safety factor ratio (SFR) bags which can be reused multiple times.
The Europe region is touted to generate high demand for bulk bags due to the booming transportation and logistics sectors. Cross trade activities and high volume of imports and exports are factors likely to bode well for the market.
APAC is deemed to be the most lucrative due to the shift in preference from plastic bags to compostable bags for reuse. Countries of India and China with a special focus towards the chemical and manufacturing sectors can give the regional market a shot in the arm. Application of bulk bags as a low-cost solution by various industries can work favorably for bag manufacturers.
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 Tables
Table 1 Global Bulk Bags Market: By Region, 2018-2023
Table 2 North America Bulk Bags Market: By Country, 2018-2023
Table 3 Europe Bulk Bags Market: By Country, 2018-2023
Table 4 Asia-Pacific Bulk Bags Market: By Country, 2018-2023
Table 5 RoW Bulk Bags Market: By Country, 2018-2023
Table 6 Global Bulk Bags Market, By Fabric Type, By Regions, 2018-2023
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
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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