Global PP Jumbo Bags Market Analysis: Chemicals & Fertilizers End-Use Sector to Create More Opportunities
According to the latest market report published by Future Market Insights, titled “PP Jumbo Bags Market: Global Industry Analysis (2013-2017) & Opportunity Assessment (2018-2028)”, the high load-bearing capacity and applications in wide range of industries are supposed to fuel the global demand for PP jumbo bags. Globally, the revenue generated from the sale of PP jumbo bags has been estimated to be around US$ 5,011.6 Mn in 2018 and is projected to expand at a CAGR of 5.4% by value, during the forecast period.
In terms of bag design, the global PP jumbo bags market is segmented into – U-panel bags, four-side panel, baffle, circular/tabular, cross corner, and others. Among them, the U-panel bag segment is expected to dominate the global PP jumbo bags market during the forecast period. The U-panel bags segment is estimated to account for more than 25% of the total market, by value. It is attributed to their capability to efficiently transport powder, pellets, granules, or flake among others. U-panel design allows bags to carry heavy products easily.
U-panel bags find useful applications in end-user industries like building & construction, mining, and agriculture. In the PP jumbo bags market, the U-panel bags segment is followed by cross-corner bags and four-side panel bags. Four-side panel PP jumbo bags are constructed with four individual pieces sewn together to form a square type structure.
Four-side panel PP jumbo bags have an anti-static construction which makes them an optimum choice for carrying highly flammable products. These types of PP jumbo bags are easy to store and transport as they are easier to stack. Four-side panel PP jumbo bags are recommended for chemical & fertilizers and food industries. Overall, the PP jumbo bags market is expected to witness high growth during the forecast period owing to the rising industrialization across the globe.
PP jumbo bags are preferred over other forms of packaging
The PP jumbo bags market is supposed to witness high demand across the globe. A few years back, textile materials were the prominent choice for packaging of heavy products to prevent damage during transportation. Nowadays, the majority of organizations which used textile packaging have shifted to PP jumbo bags due to better protection of materials that are transported, ease of procurement, and high efficiency. Also, empty PP jumbo bags can be stored easily due to their flexibility and products in them can be transported without the need for pallets. These factors are expected to drive the global PP jumbo bags market during the forecast period. In countries such as China, India, Bangladesh, and other emerging APEJ countries, the demand for PP jumbo bags is expected to grow with rising industrialization and increasing import and export.
These factors are supposed to propel the growth of the global PP jumbo bags market. The chemical end-use industry is the major segment for PP jumbo bags. The chemical industry has witnessed high growth in the last decade. This factor is expected to drive the demand for PP jumbo bags across the globe. China is currently the world’s largest chemical market by country with its market share rising from 13% in 2006, to close to 40% in 2016, and is projected to increase to 44% by 2030. It creates immense opportunities for PP jumbo bags in the near future.
Also, increasing adoption of flexible packaging in bulk material transportation is also driving the demand for PP jumbo bags. These factors are expected to propel the global PP jumbo bags market during the next decade. The rise in the cost of raw materials and a shortage of labor is expected to hamper the production of PP jumbo bags. Overall the market is supposed to be positive throughout the forecast period.
Market Taxonomy
The global market for PP jumbo bags market is segmented by capacity, bag type, bag design, and end use.
By capacity, the global PP jumbo bags market is segmented into:
- 250 kg-750 kg
- 750 kg- 1500 kg
- 1500 kg and above
By bag type, the global PP jumbo bags market is segmented into:
- Type A
- Type B
- Type C
- Type D
By bag design, the global PP jumbo bags market is segmented into:
- U-Panel Bag
- Four-Side Panel
- Baffle
- Circular/Tabular
- Cross Corner
- Others
By end use, the global PP jumbo bags market is segmented into:
- Chemical & Fertilizer
- Agriculture & Food
- Building & Construction
- Pharmaceutical
- Mining
- Others
Competitive Landscape
Revenue from the PP Jumbo bags markets in North America and Western Europe is expected to collectively account for over 50% of the global PP jumbo bags market revenue in 2018. The key players operating in the global PP jumbo bags market include Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe LLC, BAG Corp., Halsted Corporation, Intertape Polymer Group, Sackmakers J&HM Dickson Ltd, and Emmbi Industries.
Global PP Jumbo Bags Market – Key Segments
By capacity, the global PP jumbo bags market is segmented into:
- 250 kg-750 kg
- 750 kg-1500 kg
- 1500 kg and above
By bag type, the global PP jumbo bags is segmented into:
- Type A
- Type B
- Type C
- Type D
By bag design, the global PP jumbo bags market is segmented into:
- U-Panel Bag
- Four Side Panel
- Baffle
- Circular/Tabular
- Cross Corner
- Others
By end use, the global PP jumbo bags market is segmented into:
- Chemical & Fertilizer
- Agriculture & Food
- Building & Construction
- Pharmaceuticals
- Mining
- Others
Regional analysis of PP jumbo bags market is presented for following market segments:
Key Regions covered:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- APEJ
- China
- India
- Australia & New Zealand
- ASEAN
- Rest of APAC
- Japan
- MEA
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of MEA
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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