The FMI team also calculated that overall bulk bag sales in Asia Pacific excluding Japan are expected to reach US $855 million in 2021. The combined market share of bulk bags in Eastern and Western Europe is predicted to reach over 35.0% in 2021. The incremental prospects for these regions are estimated to total US$ 974.3 Mn. The bulk bag market is anticipated to reach US$ 8.0 billion by 2028, at a CAGR of 6.0% from 2015 to 2021, and is currently valued at US$ 5.3 billion in 2022.
The global bulk bags market is expected to witness a significant growth in the coming years owing to the increasing adoption of bulk bags in various industries such as construction, agriculture, chemicals, and food and beverages. Bulk bags, also known as FIBCs (Flexible Intermediate Bulk Containers), are large and durable bags made from woven polypropylene fabric that are designed to hold and transport bulk materials.
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The growth of the construction industry, particularly in emerging economies, is expected to drive the demand for bulk bags in the foreseeable future. The use of bulk bags in the agriculture industry is also expected to increase due to the rise in demand for efficient and cost-effective packaging solutions. In addition, the chemical and food and beverages industries are also expected to fuel the growth of the bulk bags market.
Moreover, the increasing focus on sustainability and eco-friendliness in packaging solutions is also expected to drive the growth of the bulk bags market. Bulk bags are reusable and recyclable, which makes them an environmentally-friendly option for bulk packaging.
Key players operating in the bulk bags market are investing in research and development activities to improve the quality and durability of bulk bags. The market is also witnessing the entry of new players, which is expected to intensify the competition in the market.
Overall, the global bulk bags market is expected to experience a steady growth in the coming years, driven by the increasing adoption of bulk bags in diverse industries and the growing focus on sustainability in packaging solutions.
According to the FMI analysis, the value of the global market for bulk bags is predicted to increase by 1.6 times during the forecast period, providing producers with lucrative investment prospects. According to recently published bulk bag market analysis data, the global demand for the entire bulk bag industry is predicted to expand by 6.9% YoY in 2021.
A New Syndicate Bulk Bags Market Study is added in FMI database compiled covering key business segments and wider geographical scope to get deep dive analyzed market data. Bulk Bags Market presents detailed competitive analysis including the market Share, Size, Future scope. This study categorizes the global Bulk Bags Market breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges. Bulk Bags Market Report will add the analysis of the impact of COVID-19 on this industry.
The study brings a perfect bridging between qualitative and statistical data of Bulk Bags Market. The study provides historical data (i.e. Consumption & Value) and forecasted.
Bulk bags have been increasingly used in industries such as chemical, food, agricultural, construction, mining, pharmaceuticals, and others. Because of their cost-effectiveness and convenience of use, the use and popularity of large bags has grown substantially over time. Bulk bags are in high demand due to their inexpensive carrying costs and increased efficiency in loading and unloading items and merchandise.
How are technological advancements like Modified Atmosphere Packaging (MAP) being used to extend the shelf life of products reshaping the bulk bag market dynamics?
Chemical, food, seed, and other product producers, suppliers, and distributors sell their products in marketplaces all over the world, therefore shelf-life stability is critical. Consumers want items that are free of artificial additives and preservatives. As a result, modified atmosphere packaging (MAP) has become the go-to solution for extending the shelf life of products.
The MAP is a cutting-edge packaging technology that allows you to control the amount of oxygen and CO2 in your package. Consumers and the environment are not harmed by MAP technology. MAP technology is used by FIBC producers in their product range.
For instance,
- In June 2021, Greif, Inc. enhanced MAPGuard with MAP technology to extend the shelf life of the products. MAPGuard is Greif Company’s flexible intermediate bulk containers (FIBC) range.
What is the Global Bulk Bags Market Impact of the COVID-19 Pandemic?
The Covid-19 pandemic had a rapid and widespread impact on manufacturers, supply chains, and global markets, including the bulk bag sector. Food and pharmaceutical products are frequently stored, carried, and transported in jumbo bags. Challenges such as logistical delays in shipping the bags were encountered all around the world. Due to supply chain disruptions and rising demand for food-grade bulk bags, there may be delays in product delivery.
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Bulk Bags Market Insights by Country
How big is the market for bulk bags in the United States?
In 2021, the bulk bags market in the United States will have a strong 81 percent market share in North America. According to Trade Map, the United States exported 20,317 tonnes of bags and sacks and imported 149,960 tonnes. The U-Panel bulk bag has become industry standard in the United States. Bulk bags are frequently utilised in disasters such as hurricane flooding, river overflows, and mudslides. Manufacturers are constructing bags to safeguard human lives and property from natural disasters, and large bulk bags are required to endure such disasters.
Bulk Bags market Competitive Landscape
As the consumption and adoption of bulk bags is increasing, the key manufacturers of bulk bags are focusing on innovation also cost-saving solutions that reduce freight cost, elimination of the pallets, partnership and, sustainability.
- In 2020, Greif, Inc. introduced SealGuard™ the next generation of FIBC’s. It is a result of a customer-centric innovative approach to resolve the challenges in the current FIBC applications.
- AmeriGlobe L.L.C introduced EZ Loop® bag, this bag eliminates the cost of the pallets and enhances ease of use and stability.
- Berry Global Inc. manufactures flexible intermediate containers (FIBC) using FDA-approved materials like durable woven polypropylene.
Top Key Players Covered-
- Berry Global, Inc.
- Intertape Polymer Group
- Conitex Sonoco,
- AmeriGlobe L.L.C.,
- Greif, Inc.,
- Halsted Corporation
- LC Packaging International BV
- Rishi FIBC Solutions PVT. Ltd.
- BAG Corp.
- Sackmaker J&HM Dickson Ltd.
- Emmbi, Inc.
- Bulk Lift International, LLC.
- Langston Companies Inc.
- MiniBulk Inc.
- RDA Bulk Packaging Ltd.
- Jumbo Bag Ltd.
- Yixing Weinet Packing Bag Co., Ltd.
- Yantai Haiwan Plastic Products Co., Ltd.
- Taihua Group
- Bang Polypacks
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