Flourishing Growth Trajectory: Bulk Bags Market Set to Reach US$ 8.0 Billion by 2028, Fueled by 6.0% CAGR and 1.6x Expansion

The Bulk Bags Market demonstrates remarkable growth potential, with an estimated value of US$ 5.3 billion in 2022, projected to soar to US$ 8.0 billion by 2028, propelled by a sturdy CAGR of 6.0% from 2015 to 2021. Future Market Insights (FMI) analysis unveils promising trends, indicating a 1.6x expansion during the forecast period, creating lucrative investment avenues for manufacturers. Notably, global demand is anticipated to witness a substantial 6.9% year-on-year (YoY) growth in 2021, further underlining the market's vitality.

In the Asia Pacific region excluding Japan, bulk bags sales are poised to achieve US$ 855 million in 2021, demonstrating the market's traction in this dynamic area. Moreover, the cumulative bulk bags market share in Eastern and Western Europe is predicted to reach nearly 35.0% in 2021, translating to significant incremental opportunities amounting to a substantial US$ 974.3 million. This robust growth trajectory cements the bulk bags market's role as a pivotal component of the packaging industry.

The bulk bags market is experiencing steady growth due to its wide range of applications across industries. Overall, the bulk bags market provides a reliable and efficient packaging solution that contributes to cost savings, sustainability, product safety, and customization, making it an essential component of various industries. The bulk bag market is anticipated to reach US$ 8.0 billion by 2028, at a CAGR of 6.0% from 2015 to 2021, and is currently valued at US$ 5.3 billion in 2022.

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# key points: 

Versatile Packaging Solution: Bulk bags, also known as FIBCs (Flexible Intermediate Bulk Containers), offer a versatile packaging solution for transporting and storing a variety of goods, including chemicals, minerals, agricultural products, and construction materials. Their large capacity and sturdy construction make them ideal for bulk handling.
Cost-effective and Efficient: Bulk bags are cost-effective and efficient, allowing for higher productivity and reduced transportation costs. They can be easily filled, transported, and unloaded using machinery, streamlining operations and saving time.

Environmental Sustainability: Many bulk bags are now manufactured from recyclable materials, promoting sustainability and reducing waste. Reusable bulk bags further enhance environmental benefits by minimizing the need for single-use packaging.

Safety and Protection: Bulk bags are designed to ensure the safe transportation of goods. They offer excellent protection against moisture, dust, UV rays, and contaminants, ensuring product integrity throughout the supply chain.

Customizable Options: The bulk bags market offers a wide range of customizable options, including different sizes, lifting mechanisms, filling and discharging options, and specialized liners for specific applications. This flexibility allows businesses to tailor their packaging solutions to meet their unique requirements.

According to the FMI analysis, the value of the global market for bulk bags is predicted to increase by 1.6 times during the forecast period, providing producers with lucrative investment prospects. According to recently published bulk bag market analysis data, the global demand for the entire bulk bag industry is predicted to expand by 6.9% YoY in 2021.

A New Syndicate Bulk Bags Market Study is added to the FMI database compiled covering key business segments and wider geographical scope to get deep-dive analyzed market data. Bulk Bags Market presents a detailed competitive analysis including the market Share, Size, and Future scope. This study categorizes the global Bulk Bags Market breakdown data by manufacturers, region, type, and applications, and also analyzes the market drivers, opportunities and challenges. Bulk Bags Market Report will add an analysis of the impact of COVID-19 on this industry.

The study brings a perfect bridging between qualitative and statistical data of Bulk Bags Market. The study provides historical data (i.e. Consumption & Value) and forecast.

The study conducted by FMI estimates that the global bulk bags market value will expand 1.6x during the forecast period which is expected to generate lucrative investment opportunities for manufacturers. Newly released data from bulk bags market analysis shows that global demand of the overall bulk bags market is estimated to reach year-on-year (YoY) growth of 6.9% in 2021.

Bulk bags have been increasingly used in industries such as chemical, food, agricultural, construction, mining, pharmaceuticals, and others. Because of their cost-effectiveness and convenience of use, the use and popularity of large bags has grown substantially over time. Bulk bags are in high demand due to their inexpensive carrying costs and increased efficiency in loading and unloading items and merchandise.

How are technological advancements like Modified Atmosphere Packaging (MAP) being used to extend the shelf life of products reshaping the bulk bag market dynamics?

Chemical, food, seed, and other product producers, suppliers, and distributors sell their products in marketplaces all over the world, therefore shelf-life stability is critical. Consumers want items that are free of artificial additives and preservatives. As a result, modified atmosphere packaging (MAP) has become the go-to solution for extending the shelf life of products.

The MAP is a cutting-edge packaging technology that allows you to control the amount of oxygen and CO2 in your package. Consumers and the environment are not harmed by MAP technology. MAP technology is used by FIBC producers in their product range.

For instance,                

In June 2021, Greif, Inc. enhanced MAPGuard with MAP technology to extend the shelf life of the products. MAPGuard is Greif Company's flexible intermediate bulk containers (FIBC) range.

# What is the Global Bulk Bags Market Impact of the COVID-19 Pandemic?

The Covid-19 pandemic had a rapid and widespread impact on manufacturers, supply chains, and global markets, including the bulk bag sector. Food and pharmaceutical products are frequently stored, carried, and transported in jumbo bags. Challenges such as logistical delays in shipping the bags were encountered all around the world. Due to supply chain disruptions and rising demand for food-grade bulk bags, there may be delays in product delivery.

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# Bulk Bags Market Insights by Country

How big is the market for bulk bags in the United States?
In 2021, the bulk bags market in the United States will have a strong 81 percent market share in North America. According to Trade Map, the United States exported 20,317 tonnes of bags and sacks and imported 149,960 tonnes. The U-Panel bulk bag has become the industry standard in the United States. Bulk bags are frequently utilized in disasters such as hurricane flooding, river overflows, and mudslides. Manufacturers are constructing bags to safeguard human lives and property from natural disasters, and large bulk bags are required to endure such disasters.

# Bulk Bags Market Competitive Landscape

As the consumption and adoption of bulk bags are increasing, the key manufacturers of bulk bags are focusing on innovation also cost-saving solutions that reduce freight cost, elimination of the pallets, partnership and, sustainability.

In 2020, Greif, Inc. introduced SealGuard the next generation of FIBCs. It is a result of a customer-centric innovative approach to resolving the challenges in the current FIBC applications.
AmeriGlobe L.L.C introduced EZ Loop® bag, this bag eliminates the cost of the pallets and enhances ease of use and stability.
Berry Global Inc. manufactures flexible intermediate containers (FIBC) using FDA-approved materials like durable woven polypropylene.

# Top Key Players Covered-

Berry Global, Inc.
Intertape Polymer Group
Conitex Sonoco,
AmeriGlobe L.L.C.,
Greif, Inc.,
Halsted Corporation
LC Packaging International BV
Rishi FIBC Solutions PVT. Ltd.
BAG Corp.
Sackmaker J&HM Dickson Ltd.
Emmbi, Inc.
Bulk Lift International, LLC.
Langston Companies Inc.
MiniBulk Inc.
RDA Bulk Packaging Ltd.
Jumbo Bag Ltd.
Yixing Weinet Packing Bag Co., Ltd.
Yantai Haiwan Plastic Products Co., Ltd.
Taihua Group
Bang Polypacks

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.