Bulk Bag Market
PUBLISHED: 2024 ID: SMRC25697
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Bulk Bag Market

Bulk Bag Market Forecasts to 2030 - Global Analysis By Capacity (Large (Above 1.5 cu. m), Medium (0.75 to 1.5 cu. m) and Small (up to 0.75 cu. m)), Fabric Type (Type A, Type D, Type C and Type B), Design, Filling and Discharge, End User and By Geography

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4.0 (85 reviews)
Published: 2024 ID: SMRC25697

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $3.2 BN

Projected Year Value (2030)

US $5.9 BN

CAGR (2023 - 2030)

9.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Bulk Bag Market is accounted for $3.2 billion in 2023 and is expected to reach $5.9 billion by 2030 growing at a CAGR of 9.3% during the forecast period. A huge bulk storage bag is called a FIBC, or bulk bag. Because it is constructed of lightweight, flexible canvas rather than more rigid, heavy, and bulky containers (such as wood, cardboard, plastic, or metal), it optimizes shipping costs when empty. Because of their many uses, economy, and convenience, bulk bags are extensively utilized across the world. The material used to produce bulk bags is often woven plastic, specifically polypropylene, a soft thermoplastic. These bags are becoming more and more popular as the most practical packaging option for a variety of sectors, mostly because of their qualities like outstanding resistance to stretching and shrinking and heat endurance.

According to the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year. 

Market Dynamics: 

Driver: 

Increasing agriculture activities

Bulk bags, also known as Flexible Intermediate Bulk Containers (FIBCs), offer a versatile solution for storing and transporting products such as grains, seeds, fertilizers, and animal feed. As agricultural production scales up to meet the growing global demand for food, farmers and agribusinesses require efficient packaging solutions that can accommodate large quantities of goods while maintaining product integrity. Bulk bags provide advantages such as easy handling, storage efficiency, and protection against contamination and moisture, making them indispensable for agricultural operations.

Restraint:

Price volatility of raw materials

Raw materials such as polypropylene resin, which is a primary component in bulk bag production, are subject to fluctuations in market prices influenced by factors such as supply and demand dynamics, currency exchange rates, and geopolitical events. Sudden price increases in raw materials can escalate manufacturing expenses, forcing bulk bag manufacturers to either absorb the higher costs or pass them onto consumers through price adjustments. In a competitive market environment, where pricing plays a crucial role in customer decisions, such adjustments can erode profit margins and hinder market growth. However, price volatility adds uncertainty to production planning and inventory management, making it challenging for manufacturers to forecast and manage costs effectively.

Opportunity:

Advancements in material technology

Innovations in fabric materials used for bulk bags result in stronger, more resilient bags capable of withstanding heavier loads and harsher environments. For instance, the development of specialized woven polypropylene fabrics with enhanced tear resistance and UV stability extends the lifespan of bulk bags, reducing the need for frequent replacements. Additionally, advancements in coating technologies provide bulk bags with improved moisture resistance, safeguarding sensitive contents during transportation and storage.

Threat:

Competition from alternative packaging solutions

Competition from alternative packaging solutions poses a significant hindrance to the bulk bag market by offering customers viable alternatives that may better suit their specific needs or preferences. In industries where stringent safety and quality standards are paramount, rigid containers may be preferred for their robustness and security. Similarly, traditional sacks may be favored for smaller-scale applications or where portability is essential. This diversity of alternatives presents a challenge for bulk bag manufacturers, as they must differentiate their products and demonstrate superior value to attract and retain customers.

Covid-19 Impact: 

Initially, the market faced disruptions in supply chains due to lockdowns, travel restrictions, and reduced manufacturing capacities. These challenges led to delays in production and distribution, causing temporary shortages and logistical bottlenecks for bulk bag manufacturers and suppliers. However, as the pandemic progressed, the bulk bag market witnessed increased demand in certain sectors such as food and pharmaceuticals, driven by heightened emphasis on food security, stockpiling behaviors, and the need for medical supplies. Overall, while the pandemic brought both challenges and opportunities for the bulk bag market, its long-term effects remain contingent on factors such as recovery trajectories, supply chain resilience, and evolving market demands.

The cross corner segment is expected to be the largest during the forecast period

Cross Corner segment is expected to be the largest during the forecast period. Cross Corner bulk bags feature loops sewn diagonally across each corner, offering enhanced stability and ease of handling during loading and unloading operations. This design minimizes the risk of abrasion and damage to the bag, ensuring the integrity of the contents during transportation and storage. Additionally, Cross Corner bulk bags facilitate safer and more efficient stacking, optimizing warehouse space utilization and streamlining logistics operations. As a result, the Cross Corner segment is experiencing rapid growth, driven by increasing demand for cost-effective, durable, and user-friendly packaging solutions across various industries, thereby contributing substantially to the expansion of the overall bulk bag market.

The duffle top & flat bottom segment is expected to have the highest CAGR during the forecast period

Duffle Top & Flat Bottom segment is expected to have the highest CAGR during the projection period. These bulk bags are characterized by their cylindrical top (duffle top) and flat bottom construction, offering advantages such as easy filling and enhanced stability during storage and transportation. The duffle top allows for efficient filling and closure, reducing the risk of spillage and ensuring secure containment of materials. This segment's growth is fueled by the increasing demand for packaging solutions that combine convenience, functionality, and cost-effectiveness, thereby driving the overall expansion of the bulk bag market.

Region with largest share:

North America region commanded the largest share of the market over the projection period. As e-commerce continues to expand, there is a growing need for efficient and reliable bulk packaging solutions to facilitate the storage, handling, and transportation of goods. Bulk bags offer a cost-effective and space-efficient option for packaging and shipping various products, including bulk items like grains, powders, and construction materials. Moreover, the flexibility and durability of bulk bags make them well-suited for the diverse range of products typically sold through e-commerce platforms. As online shopping becomes increasingly prevalent, the demand for bulk bags in North America is expected to surge further, driven by the logistical requirements of e-commerce operations.

Region with highest CAGR:

Asia Pacific region is positioned to witness substantial growth during the extrapolated period. Stringent regulations pertaining to environmental sustainability and packaging standards have prompted industries to adopt eco-friendly packaging solutions like bulk bags. Many countries in the Asia Pacific region are increasingly imposing regulations aimed at reducing plastic waste and promoting recycling practices. Bulk bags, being reusable and recyclable, align well with these regulations, making them a preferred choice for industries seeking compliance. Additionally, governments are incentivizing the use of sustainable packaging materials through tax benefits and subsidies, further boosting the demand for bulk bags.

Key players in the market

Some of the key players in Bulk Bag market include AmeriGlobe L.L.C., BAG Corp, Bang Polypack, Berry Global Group, Inc., Bulk Lift International, LLC, Emmbi Industries Ltd., Greif Inc., Halsted Corporation, Intertape Polymer Group (IPG), Jumbo Bag Ltd., Langston Companies Inc., LC Packaging International BV, Mini Bulk Bags, RDA Bulk Packaging Ltd., Rishi FIBC Solutions Pvt. Ltd., Sackmakers J&HM Dickson Ltd. and Taihua Group.

Key Developments:

In October 2023, Flexicon introduced a new BFF Series Bulk Bag Discharger that retains dust while connecting bag spouts and feeding material into vacuum conveying lines, reducing contamination of the product and plant environment.

In August 2023, Spiroflow, an Automated Handling Solutions (AHS) firm, unveiled its next-generation twin-line bulk bag filling system. Following considerable research and development, the new method overcomes the limits of sluggish, old equipment that was prone to spills and high product and dust emissions.

Capacities Covered:
• Large (Above 1.5 cu. m)
• Medium (0.75 to 1.5 cu. m)
• Small (up to 0.75 cu. m) 

Fabric Types Covered:
• Type A
• Type D
• Type C
• Type B

Designs Covered:
• Baffle
• Circular/ Tabular
• Cross Corner
• Four Side Panel
• U-Panel Bag
• Other Designs

Filling and Discharges Covered:
• Duffle Top & Flat Bottom
• Open Top & Flat Bottom
• Open Top & Spout Bottom
• Spout Top & Flat Bottom
• Spout Top & Spout Bottom

End Users Covered:
• Food & Beverage
• Chemicals & Fertilizers
• Pharmaceutical
• Construction
• Mining
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
    
2 Preface   
 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 End User Analysis  
 3.7 Emerging Markets  
 3.8 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Bulk Bag Market, By Capacity   
 5.1 Introduction  
 5.2 Large (Above 1.5 cu. m)  
 5.3 Medium (0.75 to 1.5 cu. m)  
 5.4 Small (up to 0.75 cu. m)  
    
6 Global Bulk Bag Market, By Fabric Type   
 6.1 Introduction  
 6.2 Type A  
 6.3 Type D  
 6.4 Type C  
 6.5 Type B  
    
7 Global Bulk Bag Market, By Design   
 7.1 Introduction  
 7.2 Baffle  
 7.3 Circular/ Tabular  
 7.4 Cross Corner  
 7.5 Four Side Panel  
 7.6 U-Panel Bag  
 7.7 Other Designs  
    
8 Global Bulk Bag Market, By Filling and Discharge   
 8.1 Introduction  
 8.2 Duffle Top & Flat Bottom  
 8.3 Open Top & Flat Bottom  
 8.4 Open Top & Spout Bottom  
 8.5 Spout Top & Flat Bottom  
 8.6 Spout Top & Spout Bottom  
    
9 Global Bulk Bag Market, By End User   
 9.1 Introduction  
 9.2 Food & Beverage  
 9.3 Chemicals & Fertilizers  
 9.4 Pharmaceutical  
 9.5 Construction  
 9.6 Mining  
 9.7 Other End Users  
    
10 Global Bulk Bag Market, By Geography   
 10.1 Introduction  
 10.2 North America  
  10.2.1 US 
  10.2.2 Canada 
  10.2.3 Mexico 
 10.3 Europe  
  10.3.1 Germany 
  10.3.2 UK 
  10.3.3 Italy 
  10.3.4 France 
  10.3.5 Spain 
  10.3.6 Rest of Europe 
 10.4 Asia Pacific  
  10.4.1 Japan 
  10.4.2 China 
  10.4.3 India 
  10.4.4 Australia 
  10.4.5 New Zealand 
  10.4.6 South Korea 
  10.4.7 Rest of Asia Pacific 
 10.5 South America  
  10.5.1 Argentina 
  10.5.2 Brazil 
  10.5.3 Chile 
  10.5.4 Rest of South America 
 10.6 Middle East & Africa  
  10.6.1 Saudi Arabia 
  10.6.2 UAE 
  10.6.3 Qatar 
  10.6.4 South Africa 
  10.6.5 Rest of Middle East & Africa 
    
11 Key Developments   
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 11.2 Acquisitions & Mergers  
 11.3 New Product Launch  
 11.4 Expansions  
 11.5 Other Key Strategies  
    
12 Company Profiling   
 12.1 AmeriGlobe L.L.C.  
 12.2 BAG Corp  
 12.3 Bang Polypack  
 12.4 Berry Global Group, Inc.  
 12.5 Bulk Lift International, LLC  
 12.6 Emmbi Industries Ltd.  
 12.7 Greif Inc.  
 12.8 Halsted Corporation  
 12.9 Intertape Polymer Group (IPG)  
 12.10 Jumbo Bag Ltd.  
 12.11 Langston Companies Inc.  
 12.12 LC Packaging International BV  
 12.13 Mini Bulk Bags  
 12.14 RDA Bulk Packaging Ltd.  
 12.15 Rishi FIBC Solutions Pvt. Ltd.  
 12.16 Sackmakers J&HM Dickson Ltd.  
 12.17 Taihua Group  
    
List of Tables    
1 Global Bulk Bag Market Outlook, By Region (2021-2030) ($MN)   
2 Global Bulk Bag Market Outlook, By Capacity (2021-2030) ($MN)   
3 Global Bulk Bag Market Outlook, By Large (Above 1.5 cu. m) (2021-2030) ($MN)   
4 Global Bulk Bag Market Outlook, By Medium (0.75 to 1.5 cu. m) (2021-2030) ($MN)   
5 Global Bulk Bag Market Outlook, By Small (up to 0.75 cu. m) (2021-2030) ($MN)   
6 Global Bulk Bag Market Outlook, By Fabric Type (2021-2030) ($MN)   
7 Global Bulk Bag Market Outlook, By Type A (2021-2030) ($MN)   
8 Global Bulk Bag Market Outlook, By Type D (2021-2030) ($MN)   
9 Global Bulk Bag Market Outlook, By Type C (2021-2030) ($MN)   
10 Global Bulk Bag Market Outlook, By Type B (2021-2030) ($MN)   
11 Global Bulk Bag Market Outlook, By Design (2021-2030) ($MN)   
12 Global Bulk Bag Market Outlook, By Baffle (2021-2030) ($MN)   
13 Global Bulk Bag Market Outlook, By Circular/ Tabular (2021-2030) ($MN)   
14 Global Bulk Bag Market Outlook, By Cross Corner (2021-2030) ($MN)   
15 Global Bulk Bag Market Outlook, By Four Side Panel (2021-2030) ($MN)   
16 Global Bulk Bag Market Outlook, By U-Panel Bag (2021-2030) ($MN)   
17 Global Bulk Bag Market Outlook, By Other Designs (2021-2030) ($MN)   
18 Global Bulk Bag Market Outlook, By Filling and Discharge (2021-2030) ($MN)   
19 Global Bulk Bag Market Outlook, By Duffle Top & Flat Bottom (2021-2030) ($MN)   
20 Global Bulk Bag Market Outlook, By Open Top & Flat Bottom (2021-2030) ($MN)   
21 Global Bulk Bag Market Outlook, By Open Top & Spout Bottom (2021-2030) ($MN)   
22 Global Bulk Bag Market Outlook, By Spout Top & Flat Bottom (2021-2030) ($MN)   
23 Global Bulk Bag Market Outlook, By Spout Top & Spout Bottom (2021-2030) ($MN)   
24 Global Bulk Bag Market Outlook, By End User (2021-2030) ($MN)   
25 Global Bulk Bag Market Outlook, By Food & Beverage (2021-2030) ($MN)   
26 Global Bulk Bag Market Outlook, By Chemicals & Fertilizers (2021-2030) ($MN)   
27 Global Bulk Bag Market Outlook, By Pharmaceutical (2021-2030) ($MN)   
28 Global Bulk Bag Market Outlook, By Construction (2021-2030) ($MN)   
29 Global Bulk Bag Market Outlook, By Mining (2021-2030) ($MN)   
30 Global Bulk Bag Market Outlook, By Other End Users (2021-2030) ($MN)   
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.              

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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