Bulk Bags Market Research Report - Global Forecast to 2030

Bulk Bags Market Research 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) - Forecast to 2028

ID: MRFR/PNT/5274-HCR | November 2022 | Region: Global | 100 Pages         

Bulk Bags Market

Bulk bags market is showing great potential to achieve a market valuation of USD 4956.7 million by 2028 with a CAGR of 6.80% during the forecast period (2021-2028).

Segmentation

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

Key Players

  • Greif Inc.(US)
  • Conitex Sonoco (US)
  • BAG Corp (US)
  • Langston Companies Inc.(US)
  • RDA Bulk Packaging Ltd. (England)
  • Bulk Lift International (US)
  • Berry Global Group Inc (US)
  • J&HM Dickson Ltd (UK)
  • LC Packaging (the Netherlands)
  • Emmbi Industries Ltd (India)

Drivers

  • Enhance efficiency and easy transportation involved in transporting materials over long distances
  • Easy to handle
  • Low cost of production of the bulk bags
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Bulk Bags Market Overview


Bulk bags market is showing great potential to achieve a market valuation of USD 4956.7 million by 2028 with a CAGR of 6.80% during the forecast period (2021-2028). The forecast period is subjected to changes and market risks, and these keep on fluctuating by the day. The bulk Bags Market is enhanced because of the higher adoption of smart technologies. The market can easily be controlled remotely. This technology has eliminated the need for heavy transportation methodologies. These technological advancements are boosting the Bulk Bags Market globally.


 


The total bulk bags are estimated to share a cumulative global share of most countries. Market factors like the usage of spanned agricultural and construction, along with pharmaceutical, chemical, and food industries, drove the Bulk Bags Market over the years. The drastic market changes are due to the cost-effectiveness and low carrying cost. The efficiency of the product output that carries the low-cost product has majorly increased the chances of the demand among the manufacturers and the retailers. However, the pandemic had a devastating effect on food transportation and the logistic delays around the globe. The delays in the entire bulk material of the market hamper the production.


COVID-19 Analysis:


The COVID-19 pandemic has severely affected the global bulk bags market. The industry faced huge revenue loss. With lockdowns imposed state-wise and country-wise many industries like construction, food, and beverages face the wrath of the pandemic.


With a reduction in manpower, the production in the bulk bag market raw materials had come to a halt in the COVID-19 times which caused many development and production issues. This made the market price grow to a significant amount thus, lowering the consumer's needs and market demand. Attracting consumers and end-user industries was difficult during the pandemic times. However, the global bulk bag market is expected to regain the lost status in upcoming times. We hope that the measures taken by the Government to fight the adversities and impact of the pandemic on this market will help it to grow.


Competitive Landscape:


The bulk bags market report is studied, analyzed, and cumulated by industrial experts by keeping a note of market dynamics, challenges, strategic alliances, strategic approaches, expansion ideas, mergers and acquisitions, product launches, strategic investments, and developments in the field.


End-users play a vital role in providing meaningful knowledge on packaged products. The domestic and International packaging industry provides multiple solutions and flexible packaging material ideas.


The prominent players of the global bulk bag market are Greif Inc.(US), Conitex Sonoco (US), BAG Corp (US), Langston Companies Inc.(US), RDA Bulk Packaging Ltd. (England), Bulk Lift International (US), Berry Global Group Inc (US), J&HM Dickson Ltd (UK), LC Packaging (the Netherlands), Emmbi Industries Ltd (India), and others


Market Dynamics:


Drivers:


The major drivers of the bulk bag industry are:


- Enhance efficiency and easy transportation involved in transporting materials over long distances.


- High demand for bulk bags in the chemical industry has fueled the market share, market value, market    volume, and market growth.


- Easy to handle


- Low cost of production of the bulk bags.


- Recyclable, biodegradable, and Reusable nature of the bulk bags.


- Manufactures and producers shift of focus towards highly protective and effective solutions for domestic and international shipments and sales.


- Bulk bags possess qualities like weather resistance, high durability, safety convenience carriage, high tensile strength, heat resistance, stretchable material, no shrinking, and capacity for mass quantity carrier which give them an edge over sack bags, cardboard, steel, and wood.


- Partnership between local and global vendors that require bulk material transportation.


Challenges:


Despite posing many advantages the major challenges faced by the bulk bag industry are:


- Consumer's inclination in using sealed, small-sized packages.


- Strict government rules and regulations towards product packaging and sustainable packaging.


- Introduction of automated pipelines for storage purposes.


- Need to meet industrial standards as per customer's requirements.


Technology Analysis:


Bulk Bags are non-woven jumbo bags that are manufactured by woven polypropylene fabric which possess qualities like weather resistance, high durability, safety convenience carriage, high tensile strength, heat resistance, stretchable material, no shrinking, and capacity for mass quantity carrier. They are a rare combination of environmentally efficient and cost-effective. The major drivers of the bulk bag packaging market are manufactures and producer's shift of focus towards highly protective and effective solutions for domestic and international shipments and sales. The bulk bag market deals with the replacement of cardboard and wood packaging with contamination-free, recyclable, and reusable packaging solutions. With the skyrocketing adoption of bulk bags in agricultural, industrial, and pharmaceutical industries the demand for bulk bags has spurred in the sectors like food, fertilizers, chemicals, construction, mining, and others. Many companies have shown interest in investing in the bulk bags market growth. Despite posing many advantages the major challenges faced by the bulk bag industry are consumer's inclination in using sealed, small-sized packages, strict government rules and regulations towards product packaging and sustainable packaging, the introduction of automated pipelines for storage purposes, and the need to meet industry standards as per customer's requirements.


Study Objectives:


The study objectives of the global Bulk Bags Market are:


- Share meaningful insights on new market trends, market share, market value, and market volume.


- Analyze the market drivers and challenges and conclude about the revenue and opportunities that could be created.


- Understand technological analysis and regional analysis


- Make a note of the competitive landscape of the industry.


- A detailed segmentation of the market.


Segment Overview:


By fabric type:


The global Bulk Bags Market is segmented based on fabric type as:


- Type A


- Type B


- Type C


- Type D


By Capacity:


The global Bulk Bags Market is segmented based on capacity as:


- Small (less than 0.75 cu.m)


- Medium (0.75 to 1.5 cu.m)


- Large (greater than 1.5 cu.m) 


By Design:


The global Bulk Bags Market is segmented based on the design as:


- U-Panel Bags


- Baffles


- Four side panels


- Cross Corner


- Tabular


- Circular


- Others


By End-users:


The global Bulk Bags Market is segmented based on end-users as:


- Mining


- Fertilizers


- Chemicals


- Construction


- Food


- Beverage


- Pharmaceuticals


- Others


Regional Analysis:


The global Bulk Bags Market is segmented based on region as North America (US, Mexico, Canada), South America (Argentina, Brazil, and Rest of South America), Europe (France, Germany, Italy, U.K., Netherlands, Spain, Russia, Belgium, Switzerland, Turkey, and Rest of Europe), Asia-Pacific (China, India, Japan, Singapore, Australia, Malaysia, Thailand, Philippines, Indonesia, South Korea, and the Rest of APAC region), and the Rest of the World (Israel, Egypt, UAE, South Africa, Saudi Arabia, Africa, and The Middle East).


- North America is the market-dominant in the global bulk bag market and is expected to register the highest CAGR during the forecast period. Many high-end industries have contributed to the growth of the bulk bag market because of the usage of packaging materials with high density. Apart from this fertilizers and the chemical industry have also a hand in boosting the market size in the North American region.


- Asia-Pacific seconds North America in the global bulk bag industry because of the increasing interest of manufactures in the field of food, beverage, construction, pharmaceutical. and fertilizers. This is also due to the increase of the sustainable packaging industry in areas of China and India.


- The European region has proven to be profitable in the global bulk bag market due to the involvement of bulk bags in mining and pharmaceutical sectors who holds a major market share in the region.


Recent Developments:


Reportedly in 2020, a seal guard company, Grief generation approach to FIBCs had the next customer-centric innovations that led the cost of production to decrease, and the ease of use was increased. This also benefitted the usage of intermediate and durable materials that could go along with the FDA approved materials that could be easily used and consumed by the consumers.


Another firm, AmeriGlobe L.L.C. introduced an organization that not only enhanced the easy usage of the pallets along with the stability but also approved durable woven materials like polypropylene.


Report Overview:


The global Bulk Bags Market report overview covers the following topics:


- Market dynamics, market size, market value, and market volume.


- Expertise in technology analysis, factors driving the market, and challenges faced by the market


- Regional Analysis and prominent market players,


- Segmentation of the market based on material type, application, and end-users


- Expected revenue and CAGR during the forecast period.


- Competitive landscape and recent advancements of the market.


 



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2028: USD 4956.7 Million
  • 2030 : Significant value
  •   CAGR   2028: 6.80%CAGR
      Base Year   2021
      Forecast Period    2022 to 2028
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Fabric Type ,Capacity , Design and End-use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Greif Inc.(US), Conitex Sonoco (US), BAG Corp (US), Langston Companies Inc.(US), RDA Bulk Packaging Ltd. (England), Bulk Lift International (US), Berry Global Group Inc (US), J&HM Dickson Ltd (UK), LC Packaging (the Netherlands), Emmbi Industries Ltd (India), and others.
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Enhance efficiency and easy transportation involved in transporting materials over long distances.
  • High demand for bulk bags in the chemical industry
  • Easy to handle
  • Low cost of production of the bulk bags
  • Recyclable, biodegradable, and Reusable nature of the bulk bags


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    Frequently Asked Questions (FAQ) :

    The bulk bags market can thrive at 6.80% CAGR by 2028.

    The bulk bags market can value at USD 4956.7 Mn by 2028.

    Langston Companies, Inc.(US), RDA Bulk Packaging Ltd. (England), Bulk Lift International (US), and Emmbi Industries Ltd (India) are some reputed names in the bulk bags market.

    Rise in utility of baffles can spur the global bulk bags market expansion.

    Rise in cross corner utilities can spur the APAC bulk bags market.

    The global Bulk Bags Market is segmented based on fabric type as Type A, B, C, and D.