New York, NY, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Bulk Bags Market by Fabric Type (Type A, Type B, Type C, and Type D), by Capacity (Small (Up To 0.75 Cu.M), Medium (0.75 To 1.5 Cu.M), and Large (Above 1.5 Cu.M)), by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross/Corners, and Others), and by End-Use Industry (Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” . According to the report, the global bulk bags market was valued at approximately USD 4.1 billion in 2018 and is expected to generate around USD 6.6 billion by 2025, at a CAGR of around 7.1% between 2019 and 2025.
FIBC is the abbreviated form for flexible intermediate bulk containers, which are commonly known as bulk bags. These bags are classified as transitional containers due to their size. These bulk bags can hold weights between 500 to 4000 pounds. Normally, bulk bags are neither small enough to be moved by hand easily nor large enough to be classified as full bulk containers like truckloads or railcars.
Browse through 172 Tables & 39 Figures spread over 110 Pages and in-depth TOC on “Global Bulk Bags Market Size, By Type, Share, Industry Applications, Analysis and Forecast, 2018—2025”.
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The primary factor that is likely to contribute to the growth of the bulk bags market globally in the future is the ease of transportation and these bags’ proficiency to move bulk material from one place to another. Various industries use bulk bags, but the chemical industry dominates the global bulk bags market. These bulk bags are easily stored and transported without using pallets, which makes them very convenient to handle. In addition, the biodegradable property of these bulk bags is further expected to drive the global bulk bags market in the upcoming years. However, the fluctuations in raw materials prices and the manufacturers’ preference for small-sized sealable packaging solutions might hamper the bulk bags market on a global scale in the future.
By fabric type, the bulk bags market is classified into Type A, Type B, Type C, and Type D. The type A segment held a significant share of the global bulk bags market in 2018. These are prepared from plain-woven polypropylene along with different fabrics that are non-conductive by nature. The type A bulk bags are securely used for shipping non-combustible materials and can move up to 1,000 times their own weight along with being completely recyclable. By capacity, this global market is divided into small (below 0.75 cu.m), medium (from 0.75 to 1.5 cu.m), and large (above 1.5 cu.m). By design, the bulk bags market comprises four side panels, u-panel bags, baffles, circular or tabular, cross or corners, and others. By end-user industry, this market includes chemicals and fertilizers, pharmaceuticals, food, mining, construction, and others. The construction sector is expected to hold a significant market share in the future. The chemical industry is one of the major users of the bulk bags market globally, as these bags allow more items to be transported without hampering the material quality.
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By geography, the global bulk bags market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to hold the maximum share of the bulk bags market along with registering a significant CAGR over the forecast time period. This regional dominance can be attributed to the presence of large manufacturing companies in the region and the steady growth of chemical and food industries, which extensively uses bulk bags for transportation purposes.
The Asia Pacific region is expected to emerge as a key region in the bulk bags market globally in the upcoming years. Changing customer preferences have led the companies to opt for different solutions to enhance their packaging. Countries, such as India and China, have improved their manufacturing sector with a special focus toward the chemical industry. The application of bulk bags which is a low-cost solution for transferring materials is favored by various industries, especially in China, is likely to drive the Asia Pacific bulk bags market over the forecast timeframe.
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Europe has always been a key region when it comes to packaging and transportation sectors due to its stringent laws related to packaging of varied products. This has resulted in increased use of bulk bags across the European region. This, in turn, is likely to drive the region’s bulk bags market in the years ahead.
Browse the full “Bulk Bags Market by Fabric Type (Type A, Type B, Type C, and Type D), by Capacity (Small (Up To 0.75 Cu.M), Medium (0.75 To 1.5 Cu.M), and Large (Above 1.5 Cu.M)), by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross/Corners, and Others), and by End-Use Industry (Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/bulk-bags-market
Some major players of the global bulk bags market include Berry Global Group, Inc., Conitex Sonoco, J&HM Dickson Ltd., RDA Bulk Packaging Ltd., Emmbi Industry Ltd., Greif Inc., BAG Corp., LC Packaging, and Langston Companies, Inc., among others.
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This report segments the global bulk bags market into:
Global Bulk Bags Market: Product Type Analysis
- Type A
- Type B
- Type C
- Type D
Global Bulk Bags Market: Capacity Analysis
- Small (Up To 0.75 Cu.M)
- Medium (0.75 To 1.5 Cu.M)
- Large (Above 1.5 Cu.M)
Global Bulk Bags Market: Design Analysis
- U-Panel Bags
- Four Side Panels
- Baffles
- Circular/Tabular
- Cross/Corners
- Others
Global Bulk Bags Market: End-Use Industry Analysis
- Chemicals and Fertilizers
- Food
- Construction
- Pharmaceuticals
- Mining
- Others
Global Bulk Bags Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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