FIBC bag，jumbo bag，Bulk bags have been used for a range of industrial, agricultural, pharmaceutical, and other products. However, there is a sharp surge in demand for bulk bags due to the spurring rise in sectors, such as chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others. Besides, rising numbers of businesses and manufacturing sectors add to the bulk bags market growth.
The bulk/ jumbo bags are usually in non-woven format with high tensile strength and weather resistance. They are specially developed to offer durability and convenience of carriage with safety, despite their capacity to carry mass quantity. The rising focus of producers and manufacturers on effective and highly protective solutions for international and domestic bulk bag shipments is a key driving force behind the increased market demand.
The market calls for reusable, recyclable, and contamination-free packaging solutions to replace wood and cardboard. The need to prevent damage and contamination to FIBC loads, which customers stressed as a great need, encourages bulk bag manufacturers to develop new solutions in large part. These solutions can meet the demands of producers who require their cargo to arrive undamaged at its destination, whether transporting domestically or internationally.
However, in the non-container business, the bulk cargo grew strongly in 2020, especially for fertilizers. Distributors expanded fertilizer warehouses, where they could convert the bulk cargo into bags and load the bags into rail wagons. There was also a capacity upgrade in fertilizer production. Resultantly, the bulk bags market is estimated to witness robust market opportunities with steadily increasing demand.
Recent trends observed in the bulk bag market include 100% biodegradable and sustainable bulk bags designed to deliver strong, durable, and multi-use potential.
Other major industry trends include high awareness about the benefits of high tensile strength and weather resistance and the need to optimize the total cost of ownership led by relentless competition and margin pressures. Also, increasing complex local, regional, and international connections that need a broad range of transport modes substantiate the market size.
Despite the promising prospects, the bulk bags market still witnesses several challenges. These growth impeding factors include the strict government guidelines about the product's sustainability and the high cost required to set up automated production lines. Also, the need to meet different regulatory standards and code mandates for product safety is a major headwind for the market.
The bulk bags market analysis is segmented into fabric type, capacity, design, end-users, and region. The fabric type segment is sub-segmented into type A, type B, type C, and type D. The capacity segment is sub-segmented into small (up to 0.75 cu.m), medium (0.75 to 1.5 cu.m), and large (above 1.5 cu.m).
The design segment is sub-segmented into u-panel bags, four side panels, baffles, circular/tabular, cross corners, and others. The end-users segment is sub-segmented into chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others.
Post time: Aug-26-2021