Jumbo Bags Market By Bag Type (Type A, Type B, Type C, Type D), Design (U-Panel Bag, Four Side Panel, Baffle, Circular/ Tabular, Cross Corner), End-Use (Building & Construction, Chemicals & Fertilizers, Food Products & Agriculture, Pharmaceuticals, Others (Mining)) & Region - Forecast 2020–2030

About the Report

The growing demand for flexible packaging formats among various end-use industries has led to the expansion of the jumbo bags market. Packaging innovation in the flexible packaging industry has paved way for various manufacturers to switch from rigid packaging formats.

Apart from this, the demand for durable, cost efficient, and less space consuming packaging to ensure safe transportation is enabling a wider adoption of jumbo bags. Advancement in the technology aimed at achieving packaging goals and wide applicability of the jumbo bags is expected to drive the market across the globe.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for jumbo bags. The report tracks the global sales of jumbo bags in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the packaging industry in general, and jumbo bags in particular.

How Does Historical and Future Outlook of Jumbo Bags Market Match Up?

Flexible packaging formats have always been in the picture due to various benefits over rigid packaging formats. With elasticity and durability for carrying bulk items, the flexible packaging format such as jumbo bags are considered ideal. Besides this, jumbo packaging requires less storage space and offer greater cost efficiency. These factors are expected to support increasing sales of jumbo bags.

Jumbo bags or bulk bags are majorly used for transporting and packaging bulk items from several end-use segments such as chemicals & fertilizers, building & construction, food products & agriculture, pharmaceuticals, minerals & mining, etc. The demand from the chemicals & fertilizers industry for instance is expected to surge at a positive rate over the forecast period.

Jumbo bags manufacturers around the world have been capitalizing on the rising demand from various industries. The inclination towards spending on effective solutions for bulk packaging and safe delivery have been noticed also in the food products & agriculture, building & construction and pharmaceuticals industries. Spurred by these factors, the market is expected rise at an impressive pace through 2030.

Furthermore, industrial need for versatile and customized bag sizes with damage proof shipping characteristics are resulting in soaring demand for jumbo bags. End users are showing increasing inclination towards sustainable solution, therefore, the manufacturers are shifting towards bio-based materials for producing jumbo bags. By minimizing environmental impact, some of these businesses are supporting the Flexible Intermediate Bulk Container Association guidelines.

How is Preference for Standardized Packaging Impacting Growth?

Surging demand for standardized packaging have been fuelling the demand for a particular type of jumbo bags. U-Panel or U-shaped jumbo bags fulfil the industry standard and is highly sought-after for offering high safe working loads (SWLs) with solid durability.

From a manufacturing viewpoint, the implementation of U-Panel design jumbo bags helps in achieving economies of scale. The design of U-Panel jumbo bags is such that it helps in maintaining a square shape when filled. Furthermore, this feature helps various end-use companies to meet their required criteria for the bulk filling and packaging.

Most importantly, the U-Panel design does not let the jumbo bag to collapse, which minimizes chances of product damage during the shipment and transport. Therefore, the correct design of the jumbo bags which meets the industry standard is vital.

What is the Impact of Bio-based Materials Adoption among Jumbo Bag Makers?

Use of bio-based materials for manufacturing of jumbo bags is trending currently, which is anticipated to positively impact the global sales. The shift to using bio-based materials for the manufacturing of jumbo bags instead of toxic plastic is creating new growth opportunities in the market. The increasing government regulations and environment concerns have unlocked new doors for manufacturers of jumbo bags to strive ahead towards innovation.

Many manufacturers have already launched sustainable jumbo bags. For instance:

• Brain Chamber Polysacks, a leading manufacturer is offering Bio Jumbo Bags, which are degradable in nature, harmless, and 100 % eco-friendly.
• Berry Global Company has jumbo bags, which are produced from FDA approved materials in a durable woven polypropylene construction added with custom features designed to meet every application.
• Palmetto Industries International Inc. produces jumbo bags with high recyclability and high reusability, which fulfils sustainability criteria with low environmental impact.

According to the European Bioplastics Association, in 2020, worldwide manufacturing capacities of bioplastic was recorded as nearly 2.1 million tons with approximately 47% (~1 million tons) of the volume predetermined for the packaging market. Bioplastics as compared to conventional single-use plastic packaging, provide greater environmental safety. Shift to bio-based materials is therefore expected to bode well for the market.

Why are Key Players Investing Million Dollars in Asian Market?

China is the world’s largest producer of chemicals, contributing 35.8% of global chemical sales in 2019. Of the various end-use industries that use jumbo bags, chemical industry is a major segment. With high growth in the chemical industry, the demand for jumbo bags is also rising across the world. In 2019, global chemical industry value accounted for US$ 3,938.5 Bn. The global chemical production grew by 1.2% in 2020, much slower than in 2019. However, production stoppages in consumer industries and weaker final demand will likely have a significant negative impact on chemical growth globally but particularly in China.

Increasing preference of flexible packaging in bulk material transportation is also driving the demand for jumbo bags. Shale gas is a major raw material for the chemical industry. Low cost of shale gas is leading to increasing production of chemicals, which is also driving growth in demand for FIBCs in the chemical industry.

Emerging markets of Asia are expected to have better growth opportunities in 2020 as compared to the previous year. Therefore, key players are eying on Asian market for more profitability. The demand for jumbo bags in China is estimated to increase by 1.7 times of current market value in next decade.

FMI predicts that the overall attractiveness of jumbo bags in Asian market is more and anticipated to create lucrative growth opportunities for the key players of jumbo bags market in future years.

Country-wise Insights

Why U.S. Market Exhibits Maximum Consumption of Jumbo Bags?

As per top five country analysis of the target market, FMI has found that the U.S. market is the expected to outbid other countries and estimated to reach over US$ 1 Bn in next decade. Jumbo bags are mostly preferred to transport powder, granular, and scattered material especially required in building and construction activities.

Steady investment towards maintenance and upkeep of infrastructure and booming construction industry are supporting jumbo bags sales within the country. The U.S. government has taken initiatives for the mega infrastructure and construction projects. Some of them are California High-Speed Rail, Sound Transit 3 construction, The Hudson Yards, and many others which continuously require raw material supply in huge quantity for completion of the projects and effective infrastructure development. Such developments are anticipated to contribute increasing sales opportunities for the key players of jumbo bags in near future.

Why is China Considered Highly Lucrative Market for Jumbo Bags?

As per FMI analysis, China is the second largest market for sales of jumbo bags. This market is expected to expand 1.8 times of current value, during next decade. Massive consumption of jumbo bags is witnessed in the past year, which is attributable to the increasing trade activities by the China manufacturers and suppliers. As per European Chemical Industry Council – Cefic aisbl, China dominates world chemical production and sales in 2019 and exported major portion of this to rest of the countries. Export of chemicals and fertilizers with high precautions and minimum wastage requires strong bulk bags. Therefore, key players in China are focusing on increasing durability and strength of the jumbo bags that will have heavy load carrying capacity. Additionally, the cost of production, raw material availability, and labor charges are less in China as compared to developed countries. This results in two fold investments by the international key players in the china market for increasing gains.

How is Pharmaceutical Industry Shaping Growth in Germany Jumbo Bags Market?

As per FMI, Europe jumbo bags market is expected to outpace other regions during the forecast period. This exponential growth is attributed on the back of expansion of pharmaceutical industry and increasing trade of medicinal and pharmaceutical products. As per Eurostats, EU27 trade of medicinal and pharmaceutical products, export of pharmaceutical products reached to US$ 243 Bn (~ EUR 204 Bn) and  products worth US$ 112 Bn (~ Eur 93.5 Bn) were imported in 2019. 

Among all EU members, Germany was the largest exporter of pharmaceutical and medicinal products in 2019. Inclusion of new technologies in the pharmaceutical industry and investment in research and development activities have resulted in increasing production and huge export of pharmaceutical products to the various countries. This development in the German pharmaceutical industry is expected to create attractive growth opportunities for the jumbo bags market.

How is Jumbo Bags Market Gaining Traction in India?

India is highly involved in exporting the jumbo bags to many countries.  According to Ministry of Commerce and Industry, Government of India, from 2018 till 2019, jumbo bag imports from India increased approximately 10% y-o-y both in value and volume. Accordingly, in 2018, India was holding a formidable 16.8% share in the world-wide import market of woven sacks and FIBCs.

The top five countries which imported jumbo bags from India are the US, Japan, Germany, South Korea and Netherlands. In 2018, out of the total imports of FIBCs, 35% of woven sacks and jumbo bags were imported from India by the U.S. Germany imported 29.4% of the jumbo bags from India. These figures are indicative of the fact that India is an attractive pocket for jumbo bags manufacturers.

Category-wise Insights

Which Jumbo Bags Type Has The Highest Market Share?

Type C jumbo bags are estimated to hold a share of 42.9% in the global market and are expected to increase further by +200 BPS of current market share during the forecast period. As per FMI, the growth is expected due to minimized cost, space saving, and overall protection Type C bags offer for transportation and storage of combustible bulk items.

Type C jumbo bags are adaptable and optimizes handling and transportation. Thus such flexible packaging format improves material handling system and supply chain. Since jumbo bags are made up of plastics woven fibers, there is a high chance that may cause electrostatic discharge at the inner or outer surface of the jumbo bag. This can mostly happen due to the static energy which is created at the time of filling and discharging the jumbo bags or probably some bulk materials can also generate the same.

Moreover, this situation is very risky if any gas or flammable dust is present in the atmosphere, which can lead to fire or explosion. Therefore, to mitigate the risks of static buildup, ground-able jumbo bags are the classic solution. This is the reason because of which Type C jumbo bags are gaining traction in the jumbo bags market.

Why are U-Panel Design of Jumbo Bags Most Preferred in the Industry?

The rising demand for flexible packaging as per industry standards is expected to rule in the packaging industry. End use industries are inclining more towards U-Panel design jumbo bags because they offer durability and do not let the half-filled jumbo bag to shrink or collapse.

According to the International Confederation of Plastics Packaging Manufacturers (ICPP), safe working load criteria should be fulfilled by the jumbo bags, which makes them ideal for bulk packaging as per the industry norms. The most accepted type of construction offering with high safe working loads (SWLs) and solid durability is offered by the U-Panel jumbo bags.

What Capacity of Jumbo Bags Are More Preferred?

Jumbo bags are manufactured in various sizes to cater to client preference. As per FMI, jumbo bags with capacity of 200 kg - 750 kg are opted for more in the market and are anticipated to remain highly sought-after through the forecast period. Ongoing advances in light-weighting technology to offer increased capacities will continue fuelling demand in this category.

How Is Demand from Chemical Industry Affecting Growth?

According to FMI, sales of jumbo bags sales have increased 1.2 times between 2015 and 2019. The reason behind is the continuous demand of jumbo bags from the chemical industry. Of the various end-use industries that use jumbo bags, chemical industry is a major segment.

According to the FMI’s analysis, the global chemical manufacturing grew by 1.17% in 2020, much slower than in 2019. Jumbo bags are primarily used for warehousing and transit of products in bulk. Rising prominence of flexible packaging in bulk material transportation is also driving the demand for jumbo bags.

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Competitive Landscape

Several leading players in the market are focusing on research and development (R&D) initiatives and product innovations to make their products stand out amid competition. Some of them specialize in short lead times, fast turn-around, and production of jumbo bags in small quantities. Big players such as Berry Global Group Inc., Greif Inc., and Intertape Polymer Group (IPG) are currently boasting stronghold in the market yet they are relying on product launches.

For instance:

• Berry Global Group Inc. introduced a latest product line of Flexible Intermediate Bulk Containers (FIBC) − DriBulk™ Container Liners, which offers an efficient, economical, and easy solution for shipping, transporting and storing  dry bulk goods for a variety of end-use industries, such as agriculture, minerals, chemicals, food, and other
• In 2019, Greif Inc. considered Food Safety Initiative and launched SealGuard Flexible Intermediate Bulk Container (FIBC) made with polyethylene (PE) using an automated bonding process that allows for anti-contamination and leak-free transportation, better protects against moisture without using an inner liner, and reduces risk of tearing during filling processes
• Intertape Polymer Group (IPG) has strategic alliance partners in China, India, Mexico and Korea where IPG demonstrates value-added supply initiative by providing its full line of cost-effective jumbo bags to the consumers globally

Some of the leading companies operating in the market are:

• Berry Global Group, Inc.
• Greif Inc.
• Conitex Sonoco
• AmeriGlobe L.L.C
• PT. WIHARTA KARYA AGUNG
• BAG Corp
• Halsted Corporation.
• Intertape Polymer Group.
• Emmbi Industries Ltd
• LC Packaging International BV
• Rishi FIBC Solutions Pvt. Ltd
• Langston Companies Inc.
• Jumbo Bag Ltd.
• Bulk Lift International
• Sackmaker J&HM Dickson Ltd.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

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Is this research conducted by Future Market Insights?

Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.

What research methodology is followed by FMI?

FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology.

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What are the sources of secondary research?

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Jumbo Bags Market by Category

Bag Type

• Type A
• Type B
• Type C
• Type D

Capacity

• Less than 200 kg
• 200 kg-  750 kg
• 750 kg – 1500 kg
• 1500 kg and above

Design

• U-Panel Bag
• Four Side Panel
• Baffle
• Circular/ Tabular
• Cross Corner

End Use

• Building & Construction
• Chemicals & Fertilizers
• Food Products & Agriculture
• Pharmaceuticals
• Others (Mining)

Region

• North America
• Latin America
• Europe
• Middle East & Africa
• East Asia
• South Asia
• Oceania