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2 Loop FIBC Bags Market

Market Insights on 2 Loop FIBC Bags covering sales outlook, demand forecast & up-to-date key trends

2 Loop FIBC Bags Market Analysis By Size (Up to 5 oz, 6 oz to 12 oz, 13 oz to 20 oz, Above 20 oz), Packaging Type (Jar, Vial, Bottles), Application (Perfumes, Essential Oils, Chemicals, Pharmaceuticals, Other Liquids) & Region - Forecast 2022-2032

Global 2 Loop FIBC Bags Market Overview

Global 2 Loop FIBC Bags Market demand is anticipated to be valued at US$ 2.6 Billion in 2022, forecast to grow at a CAGR of 3.02% to be valued at US$ 3.5 Billion from 2022 to 2032. The growth of the 2 Loop FIBC Bags Market is attributed to its global utilization across the packaging industry.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 1.4 Billion

Expected Market Value (2022)

US$ 2.6 Billion

Anticipated Forecast Value (2032)

US$ 3.5 Billion

Projected Growth Rate (2022-2032)

3.02% CAGR

2 Loop FIBC Bags are industrial bags with two handles, that are mostly utilized for the packaging of agricultural products such as grains, seeds, salts, and industrial products including cement, clays, sand, among others. Produced from single tubular fabric, the 2 Loop Bags are widely accepted as being more cost effective than the traditional 4 Loop Bags. These bags are made up of polypropylene, and are also known as 2 Loop Jumbo bags. 2 Loop bags have a capacity of around 500kg to 1500kg weights.

North America is considered to be a dominant region for the 2 Loop FIBC Bags market, owing to the advanced as well as matured building & construction, and agriculture industries in the region.

The 2 Loop FIBC Bags are more cost effective than the traditional 4 Loop FIBC Bags. This is one of the major factors that is expected to propel the growth of the 2 Loop FIBC Bags Market during the forecast period.

The factor that is expected to hinder the growth of the 2 Loop FIBC Bags market during the forecast period includes the transfer a large quantity of powders from the bags, in a relatively short amount of time, that results in a lot of displaced air.

Which are Some Prominent Drivers Spearheading 2 Loop FIBC Bags Market Growth?

The major factor that is expected to boost the growth of the 2 Loop FIBC Bags Market during the forecast period includes the rising demand for FIBCs from the industrial and agriculture sectors. 2 Loop FIBC Bags are more cost effective than the traditional 4 Loop FIBC Bags, that is another factor fueling the market growth.

In addition, other major factor that is expected to accelerate the growth of the 2 Loop FIBC Bags during the forecast period includes the growing food & beverage market. Moreover, the need to reduce the overall weight of bulk packaging is another factor that is expected to favor the growth of the 2 Loop FIBC Bags during the forecast period.

Key players are focusing on introducing bio-based raw materials as well as environmentally friendly plastics for the production of FIBC bags. This is one of the major factors that is expected to propel the market growth in the forthcoming years.

Further, other factors that are anticipated to augment the growth of the 2 Loop FIBC Bags during the forecast period include the properties of the bags such as high tensile strength, UV-Ray resistance, anti-microbial material, and variety of coatings. In addition, the cement and industrial sector is expected to witness lucrative opportunities as well as high growth in the emerging markers, owing to the rapid development in the infrastructure. This increases the demand for 2 Loop FIBC Bags from the industrial, building & construction, and agriculture sectors.

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What are the Challenges Faced by the 2 Loop FIBC Bags Industry?

The 2 Loop FIBC Bags transfer a large quantity of powders in a relatively short amount of time resulting in a lot of displaced air. This creates a lot of process dust that, if not properly managed, can end up leaking around the bag connection.

A poorly contained system is a dust explosion hazard and can expose operators to hazardous levels of airborne dust. This is a major factor that is expected to hamper the growth of the 2 Loop FIBC Bags market during the forecast period.

How is North America Emerging as an Opportunistic 2 Loop FIBC Bags Market?

North America is the largest market for 2 Loop FIBC Bags Market and the trend is expected to continue into the forecast period attributed to the advanced as well as matured building & construction, and agriculture industries in the region.

Moreover, the US has a high customer base and the country accounts for a large market value share of the global 2 Loop FIBC bags market. The region represents a share of 70% of the global market.

Ismail Sutaria
Principal Consultant
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How is Asia Pacific Contributing to Growth of the 2 Loop FIBC Bags Market?

According to Future Market Insights, Asia Pacific is anticipated to witness growth at a lucrative rate over the forecast period, owing to the growing advanced infrastructure in the region.

In addition, countries including India, China and Japan are expected to witness a lucrative opportunity for the 2 Loop FIBC Bags market, attributed to the growing agriculture industry.

Market Competition

Some of the key participants present in the global 2 Loop FIBC Bags Market include Greif, Chuangda Group, Rockleigh Industries, Propex Operating Company LLC, CHK Manufacturing Inc., Delta Big Bag, LARE FIBC LLC and Rosenflex UK Ltd. among others.

Attributed to the presence of such high number of participants, the market is highly competitive. Key players account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.

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Scope of Report 

Report Attribute

Details

Growth Rate

CAGR of 3.02% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Size
  • Packaging Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Greif
  • Chuangda Group
  • Rockleigh Industries
  • Propex Operating Company LLC
  • CHK Manufacturing Inc.
  • Delta Big Bag, LARE FIBC LLC
  • Rosenflex UK Ltd.

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Key Segments Profiled in the 2 Loop FIBC Bags Industry Survey

Size:

  • 2 Loop FIBC Bags Up to 5 oz
  • 2 Loop FIBC Bags  between 6 oz to 12 oz
  • 2 Loop FIBC Bags  between 13 oz to 20 oz
  • 2 Loop FIBC Bags  Above 20 oz

Packaging Type:

  • 2 Loop FIBC Jars
  • 2 Loop FIBC Vials
  • 2 Loop FIBC Bottles

Application:

  • 2 Loop FIBC Bags for Perfumes
  • 2 Loop FIBC Bags for Essential Oils
  • 2 Loop FIBC Bags for Chemicals
  • 2 Loop FIBC Bags for Pharmaceuticals
  • 2 Loop FIBC Bags for Other Liquids

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global 2 Loop FIBC Bags Market to expand at a 3.02% value CAGR by 2032

North America is expected to be the most opportunistic 2 Loop FIBC Bags Market, capturing 70% revenue

Greif, Chuangda Group and Rockleigh Industries are some prominent 2 loop FIBC bag manufacturers

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Ismail Sutaria
Principal Consultant
LinkedIn
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2 Loop FIBC Bags Market