Jumbo Bags Market

Jumbo Bags Market - Market Dynamics:

One of the significant factors towards the growth of global Jumbo bags market is the ease of transport and move bulk material from one place to another. Moreover, the manufacturers save huge in transport and storage cost as the usage of jumbo bags has been nullified the use of pallets and secondary packaging, therefore, this aspect is also expected to drive the growth of the jumbo bags market. Another substantial reason towards the growth jumbo bags market is the rise of industrialization and increasing exports & imports trade. Furthermore, another factor towards the growth of jumbo bags market is the reusability feature of jumbo bags, as these bags can be folded and kept when not in use which is not possible in case of conventional form of storage solution. Adding to this, the recyclable property of jumbo bags is expected to be another factor towards the growth of the jumbo bags market. However, the discharge of toxic waste from the manufacturing plants of jumbo bags and raw material is expected to hinder the growth of the jumbo bags market, as it is affecting the environment as well as the household those are residing around these plants. Moreover, the wide availability of conventional form of storage solution such as drums and containers is expected to obstruct the growth of the jumbo bags market. Furthermore, the manufacturer inclination towards the use of small sized sealable packaging solution is also expected a restraining factor towards the growth of the jumbo bags market.

Jumbo Bags Market - Regional Outlook:

Geographically, the global Jumbo bags market is segmented into North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA). The global jumbo bags market is expected to witness a healthy CAGR over the forecast period of 2016-2024. North America is expected to account for largest market share in the global jumbo bags market due to its highest contribution in chemical and pharmaceutical industry. Moreover, agriculture sector in India and China is expected to account for more than half in the market share of global agriculture industry, therefore, Asia-Pacific is expected to be a lucrative region towards the growth of the global jumbo bags market.

Jumbo Bags Market - Major Players:

Some of the major players identified across the globe in the Jumbo bags market are Jumbo Bags Ltd., Gulf Plastic Industries SAOG, FBIC Vietnam, PINNACLE Packaging Industries LLC, Al-Tawfiq Company, FILLING & PACKING MATERIALS MFG.CO., BJJ PHOLSUWAN ENTERPRISE CO.,LTD., Virgo Polymer (India) Ltd., Berg Bag Company,LLC and KP Polypack International

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