Bulk Bags Market Is Anticipated To Increase At A CAGR Of 6.80% By 2028
Research Reports
Oct 28, 2022
The global Bulk Bags Market is expected to increase at a CAGR of 6.80%, with a value of USD 4956.7 million during the projected the year of 2022—2030.
The packing, shipping, and transportation of goods for commercial and industrial use have all been revolutionized by bulk bags because of their unique qualities, including affordability, adaptability, adjustable design options, etc. Such bags have been widely and quickly adopted because of their advantages over other rigid containers. The bulk bags have been used in several industrial sectors like chemical, food processing plants, construction, pharmaceutical, and many others. Due to their affordability and usability, huge bags’ use and appeal have grown significantly over time. The demand for bulk bags is growing due to the reduced carrying costs and improved loading and unloading productivity.
All customers choose goods without artificial additives and preservatives. This has made modified atmospheric packaging the preferred solution for extending the shelf life of the goods. The MAP is a cutting-edge packaging technology that can be used to modify the amounts of oxygen and CO2 inside the container. The makers of FIBCs use MAP technology across their whole product line.
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The bags may be custom-made based on the capacity, fabric, bulk bag attachments, food-grade and non-food grade, etc., which completely depends on the specific items’ grade. The FIBC bags in various color fabrics improve aesthetics and aid in storing items that adhere to color codes. Given that company logos and other information may be printed on the FIBC bag fabric, these bags are an ideal packaging solution for advertising. Because they may be customized, these large bags are the most practical packaging choices for storing and transporting various items in large quantities.
Market Segmentation:
The global market has been segmented into fabric type, capacity, design, end-use and regional sectors. The fabric type section is further classified into type A, type B, type C and type D. The capacity section has been divided into small up to 0.75 cu.m, medium 0.75 to 1.5 cu.m and large above 1.5 cu.m. The design section is further classified into U-Panel bags, four side panels, baffles, circular or tabular, cross corners and others. The end-use industry is further divided into chemicals & fertilizers, food, construction, pharmaceuticals, mining and others. The regional sectors have been classified into Asia-pacific, Middle East & Africa, North America, Europe and South America.
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Regional Analysis:
By 2028, it is anticipated that Germany would have a 17% market share in Western Europe. According to the European Chemical Sector Council, Europe is the world’s second-largest producer of chemicals, and the chemical industry is crucial to the continent’s economy. The market for bulk bags has grown in Germany as a result of the rising need for chemical product delivery that is safe and secure. The United Nations guidelines created and produced the bulk bags for carrying hazardous chemicals.
Key Players
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
Industrial News:
However, the United States is presently one of the world’s major markets for bulk containers. The region’s need for bulk containers is anticipated to increase due to the chemical industry’s continued development and discovery of fresh shale resources.
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