The global conical top bulk bag market size is expected to reach US$ 3.8 Billion in 2032. Focus on sustainable packaging solutions and the availability of more customized solutions to accelerate the demand for conical top bulk bags in the future.
As per FMI, the global conical top bulk bag market stood at US$2.7 billion in 2022 and is set to exhibit growth at a CAGR of 7.1% in the forecast period from 2022 to 2032.
| Attributes | Details |
| Conical Top Bulk Bag Market Estimated Size (2022) | US$ 2.7 billion |
| Conical Top Bulk Bag Market Estimated Size (2032) | US$ 3.8 billion |
| Conical Top Bulk Bag Market Estimated Size (2021) | US$ 2.5 billion |
| Conical Top Bulk Bag Market Estimated CAGR (2022) | 7.1% |
Demand for cone-shaped top bulk bags is expanding, as the conical top bulk bags are suitable for products with a high answering cone, integrated with lifting loops, which eliminates the need for pallets or secondary packaging for handling. This property ofconical top bulk bags can be useful for saving on move and storage costs, which accelerate the sales of cone-shaped top bulk bags.
The sales of conical top bulk bag are high, as it is totally recyclable, which provides them with a top hand in the packaging industry as they are focusing more on sustainable packaging options. Many manufacturers provide accessibility to customization to their users, boosting the conical top bulk bag market share.
Laminierung and other standard options are also available, enhancing the sales of conical top bulk bag. As conical top bulk bags are usually transported and kept at various services, they can certainly catch attention, which is often used by the conclusion users for cellular advertising their items, promoting the demand for conical top bulk bag.
The adoption of conical top bulk bag is employed due to their filling efficiency, which has many of their considerable properties. The other factors affecting the demand for conical top bulk bags are convenient and faster loading and unloading of enormous amounts by mechanized equipment, fast and successful distribution
As conical top bulk bag are completely recyclable, easy to transport, take less safe-keeping space, mobile advertising, cost-effective, flexible, durable and collapsible, it leads to the sales of the conical top bulk bag.
These benefits contribute to the higher sales of conical top bulk bag within the labelling trade. One of the key reasons would be the rising recognition among consumers and manufacturers regarding environmental issues; this is able to raise the market demand for conical top bulk bag during the forecast period.
Companies are spending a lot of their revenue on marketing each year in order to boost their annual sales of conical top bulk bag. However, as large bags full of these products are transported and stored at various facilities, they can easily become targets for mobile advertising by the end-users.
Mobile advertising can help the key players target the major portion of the audience who are in high demand for affordable and excellent feature-holding packaging facilities. The government is creating stricter recycling norms to increase the value of the product, and recycling 100% of the product is forecast to have even more conical top bulk bag market share growth in the future.
There is expected to be an increase in demand for conical top bulk bags in the Asia Pacific region, specifically in countries like India and China, due to industrialization in those countries. North America is expected to have the most significant market share in the global conical top-top bulk bag market.
The Asia Pacific is expected to be a lucrative market opportunity for the conical top bulk bag due to growing industrialization. It leads to higher revenue due to proliferating sales of the conical top bulk bag.
Some of the leading key players in the conical top bulk bag market are ABC Polymer Industries, LLC, Global Pak, and Asia Bulk Sacks Pvt. Ltd, Unovel Industries Pvt Ltd, Manyan Inc., BigBags International Pvt. Ltd., Alpine FIBC Pvt.ltd., Vr Fibc Jumbo Bag Industries, Berry Global, Inc., Lare Fibc LLC, and Bulk Corp International contributing to the substantial conical top bulk bag market share.
| Report Attribute | Details |
| Growth rate | CAGR of 7.1% 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 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered |
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| Regional scope |
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| Country scope |
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| Key companies profiled |
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| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The conical top bulk bag market is anticipated to register a CAGR of 7.1% during the forecast period.
The conical top bulk bag market share is anticipated to reach US$ 3.8 Bn in 2032.
Demand for the conical top bulk bag market is likely to rise, owing to the focus on sustainable packaging solutions and availability of more customized solutions
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Conical Top Bulk Bag Market
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