Introduction
The global bulk bags market is expected to be valued at US$ 4,068.9 million in 2018. The market is expected to expand at a CAGR of 7.0% over the forecast period 2018-2028. On the basis of capacity, the global bulk bags market is segmented into Small (Upto 0.75 cu. m), Medium (0.75 to 1.5 cu. m), and Large (Above 1.5 cu. m).
On the basis of fabric type, the global bulk bags market is segmented into Type A, Type B, Type C, and Type D. By design, the global bulk bags market is segmented into U-Panel Bags, Four Side Panels, Baffles, Circular/ Tabular, Cross Corners, and Others.
On the basis of end use industry, the global bulk bags market is segmented into Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, and Others. On the basis of filling & discharge, the global bulk bags market is segmented into Open Top & Flat Bottom, Duffle Top & Flat Bottom, Open Top & Spout Bottom, Spout Top & Spout Bottom, Spout Top & Flat Bottom, and Others.
Drivers & Restraints
One of the significant factors which is contributing towards the growth of the global bulk bags market is the ease of transport and their efficiency to move bulk material from one place to another. Of the various end use industries that use bulk bags or FIBCs, the chemical industry dominates the global bulk bags market.
Moreover, bulk bags can be easily stored and transported even without the use of pallets, which makes them convenient to handle. Also, bulk bags are considered as a low cost packaging solution. Fluctuation in prices of raw materials is one of the constraints in maintaining the competitive prices of bulk bags for manufacturers in Asia Pacific.
The recyclable property of bulk bags is expected to be another factor that is boosting the growth of the global bulk bags market. Furthermore, manufacturers’ inclination towards the use of small-sized sealable packaging solutions is expected to be a restraining factor towards the growth of the global bulk bags market.
Competitive Landscape
Key players operating in the global bulk bags market include Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe L.L.C, BAG Corp, Halsted Corporation, Intertape Polymer Group (IPG), Sackmakers J&HM Dickson Ltd, Emmbi Industries Ltd, LC Packaging International BV, Bulk Lift International, Rishi FIBC Solutions Pvt. Ltd, Langston Companies Inc., Mini Bulk Bags, RDA Bulk Packaging Ltd, Taihua Group , Jumbo Bag Ltd., Yixing Wellknit Container-bag Co. Ltd., Yantai Haiwan Plastic Products Co. Ltd., and Bang Polypack.
Market Taxonomy
The global market for bulk bags is segmented as per capacity type, fabric type, design, and end use industry.
As per capacity, the global bulk bags market is segmented as follows:
- Small (Upto 0.75 cu. m)
- Medium (0.75 to 1.5 cu. m)
- Large (Above 1.5 cu. m)
As per fabric type, the global bulk bags market is segmented as follows:
- Type A
- Type B
- Type C
- Type D
As per design, the global bulk bags market is segmented as follows:
- U-Panel Bags
- Four Side Panels
- Baffles
- Circular/ Tabular
- Cross Corners
- Others
As per end use industry, the global bulk bags market is segmented as follows:
- Chemicals & Fertilizers
- Food
- Construction
- Pharmaceuticals
- Mining
- Others
As per Filling & Discharge, the global bulk bags market is segmented as follows:
- Open Top & Flat Bottom
- Duffle Top & Flat Bottom
- Open Top & Spout Bottom
- Spout Top & Spout Bottom
- Spout Top & Flat Bottom
- Others
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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