Bulk Bags Market is expected to grow at 6.80% CAGR | Market Research Future (MRFR)

Pune, March 16, 2021 (GLOBE NEWSWIRE) — Bulk Bags – A heavy-gauge, reusable shipping solutionsBulk bags have been used for a range of industrial, agricultural, pharmaceutical, and other products. However, there is a sharp surge in demand for bulk bags due to the spurring rise in sectors, such as chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others. Besides, rising numbers of businesses and manufacturing sectors add to the bulk bags market growth. The bulk/ jumbo bags are usually in non-woven format with high tensile strength and weather resistance. They are specially developed to offer durability and convenience of carriage with safety, despite their capacity to carry mass quantity. The rising focus of producers and manufacturers on effective and highly protective solutions for international and domestic bulk bag shipments is a key driving force behind the increased market demand. Additionally, substantial investments poured into the product development impact market growth positively. According to Market Research Future (MRFR), the global bulk bags market is expected to touch a valuation of approximately USD 4956.7 million by 2023, growing at a 6.80% CAGR during the forecast period. The market calls for reusable, recyclable, and contamination-free packaging solutions to replace wood and cardboard. The need to prevent damage and contamination to FIBC loads, which customers stressed as a great need, encourages bulk bag manufacturers to develop new solutions in large part. These solutions can meet the demands of producers who require their cargo to arrive undamaged at its destination, whether transporting domestically or internationally.https://www.marketresearchfuture.com/sample_request/6737
The COVID-19 pandemic hit the bulk bags market industry severely, causing huge revenue loss to end-use industries like food & beverages and construction. The lockdown halted the production of several key raw materials, which further posed many production challenges, resulting in spiking product prices and lowering the market demand. Manufacturers faced a range of problems, from obtaining raw materials required for the production and deliver end products to attract workers from quarantines. However, in the non-container business, the bulk cargo grew strongly in 2020, especially for fertilizers. Distributors expanded fertilizer warehouses, where they could convert the bulk cargo into bags and load the bags into rail wagons. There was also a capacity upgrade in fertilizer production. Resultantly, the bulk bags market is estimated to witness robust market opportunities with steadily increasing demand. Industry Trends:Recent trends observed in the bulk bag market include 100% biodegradable and sustainable bulk bags designed to deliver strong, durable, and multi-use potential. Also, Brownfield BOPET and greenfield BOPET film line and CPP lines with a water-based oxygen barrier coating for food packaging to achieve oxygen barrier properties on BOPP and CPP films are trending in the market. Other major industry trends include high awareness about the benefits of high tensile strength and weather resistance and the need to optimize the total cost of ownership (TCO) led by relentless competition and margin pressures. Also, increasing complex local, regional, and international connections that need a broad range of transport modes substantiate the market size.https://www.marketresearchfuture.com/reports/bulk-bags-market-6737
 Segmentation:The bulk bags market analysis is segmented into fabric type, capacity, design, end-users, and region. The fabric type segment is sub-segmented into type A, type B, type C, and type D. The capacity segment is sub-segmented 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 segment is sub-segmented into u-panel bags, four side panels, baffles, circular/tabular, cross corners, and others. The end-users segment is sub-segmented into chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others. Regional Segmentation:North America dominates the global bulk bags market mainly due to the industrial sector’s reliance on heavy-density packaging material. Besides, the rising demand from major chemicals & fertilizers manufacturing companies in the region drives the bulk bags market growth. Spurring rise in food and construction sectors in the region further increases the bulk bags market size in the region. The North American bulk bags market is projected to grow with a considerable market share during the forecast period.The Asia Pacific region holds the second position in the global bulk bags market. The growing manufacturing sector and fertilizer, construction, food, and pharmaceutical industries create substantial market demand. 
https://www.marketresearchfuture.com/enquiry/6737
The European bulk bags market is emerging as a profitable market globally. Increased demand from the pharmaceutical and mining sectors in the region increases the bulk bags market share. Furthermore, the vast adoption of bulk bags propels the market growth. Competitive Analysis:The bulk bags market is witnessing several strategic approaches, such as collaboration, mergers & acquisitions, expansion, and product launches. Leading industry players make strategic investments in research and development activities and foster their expansion plans. Industry players play a pivotal role in providing packaged products to the end consumers. In line with their vision to go local and serve the last mile with the best-in-class innovative and sustainable solutions, players scale up international as and domestic operations. Driven by a robust order and consistent market growth, they double the manufacturing capacity.For instance, recently, on Feb.12, 2021, UFlex Ltd., India’s largest flexible packaging material and solutions multinational and a global polymer sciences company, announced the capacity expansion in packaging films with the set up of greenfield BOPET & CPP plant in Karnataka, India. The expansion decision is based on the surging demand of multiple lines from businesses and newer clients. UFlex has also expanded its jumbo bags line developed for the Indian markets. These bulk bags are in non-woven format with high tensile strength and weather resistance. The bag offers durability and convenience of carriage with safety, despite its capacity to carry mass quantity.Key players involved in the market 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), and Bulk Lift International (US), among others. Global Insulated Shipping Packaging Market Research Report: by Product (Boxes and Containers), Application (Food & Beverages, Industrial Goods, Personal Care and Others), Material (Plastic, Wood, Glass and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2026Global Dangerous Goods Logistics Market Research Report: by Service (Transportation, Warehousing and Distribution and Value-added Services), by Destination (Domestic and International) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2026Global Dispensing Pharmacy Packaging Machine Market Research Report: Information by Product Type (Fully Automatic, Semi-Automatic), Speed (Low Speed, Standard Speed, High Speed), Function (Filling, Wrapping, Mixing & Split, others) and Region (North America, Asia-Pacific, Europe, Middle East & Africa and South America) – Forecast till 2025Global Labeling Equipment Market Research Report: Information by Product Type (Pressure Sensitive/Self-Adhesive Labelers, Glue-Based Labelers, Sleeve Labelers and others), Technology (Automatic, Semi-Automatic and Manual), End-Use (Food & Beverages, Healthcare & Pharmaceuticals, Cosmetics & Personal Care, Chemicals and others) and Region (North America, Europe, Asia-Pacific, South America, and Middle East & Africa) – Forecast till 2025Global Snack food Packaging Market Research Report: Information by Packaging Type (flexible packaging and rigid packaging), Material (plastic, paper, metal, and others), Application (bakery snacks, candy & confections, savory snacks, nuts & dried fruits and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025Global Freight and Logistics Market Research Report: by  Shipping Type (Airways, Railways, Roadways, and Waterways), Service (Inventory Management, Packaging, Warehousing, Transportation, Distribution, Custom Clearance and other), End-Use Industry (Energy & Utilities, Trade and Transportation, Government and Public Utilities, Healthcare, Manufacturing & Construction, Retail, Media and Entertainment, Banking and Financial Services and Telecommunication & Information Technology and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025Global Corrugated Handle Box Market Research Report: Information by Material (Kraft Paper, Containerboard, Corrugated Board, Recycled Paper and Molded Fiber Pulp and others), Capacity (0–5 KG, 5–25 KG, 25–50 KG and Above 50 KG), End User (Agriculture, Chemical Industry, Food and Beverages, Pharmaceuticals, Personal Care, Retail Industry and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025Global PET Lidding Films Market: Information by Product type (Dual-ovenable lidding films, Specialty lidding films, High barrier lidding films, Breathable lidding films and Resealable/reclosable films), Application (Trays, Cups, Jars & bottles, and others), End-use (Pharmaceutical, Personal Care & Cosmetics, Food & Beverage and others ) and Region (North America, Europe, Asia-Pacific, Rest of the World) – Forecast to 2025Global Dunnage Packaging Market Research Report: Information by Material Type (Corrugated Plastics, Molded Plastics, Aluminum, Steel, Fabric Dunnage, Corrugated Paper, Wood, Foams and others), End-Use Industry (Automotive, Aerospace, Electronics, Food & Beverages, Consumer Goods and Healthcare) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.Follow Us: LinkedIn | Twitter
Contact:
Market Research Future (MRFR)

Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com