Among various end-use industries that use bulk bags, the chemical industry will emerge as dominant. According to a study by Future Market Insights (FMI), within Europe, the market is expected to surpass US$ 1.6 Bn by 2021. The expansion of the chemical industry will bolster growth opportunities for the market in Europe.
Besides this, implementation of ambitious trade policies aimed at improving export of industrial goods is expected to bode well for the market. In an increasingly uncertain trade environment, free trade agreements such as CETA and EU-Japan Economic Partnership Agreement contribute to increased trade activity and foster economic growth. These policies will continue favoring the expansion of the market.
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Increasing adoption of flexible packaging in bulk chemicals and materials transportation, including petrochemicals, basic inorganics, polymers, specialty chemicals, consumer chemicals, and others is majorly driving the demand for bulk bags in European countries. In addition to this, convenience and affordable pricing of bulk bags with abundant availability of plastic raw materials are driving sales in the market.
As per FMI, 1&2 loops bags will emerge as top-selling product categories. &2 loops bags are the most attractive among end-use industries as these provide optimal efficiency, cost-effective, easy-to-handle elements for agriculture, fertilizers, and other applications. The segment is estimated to hold around 28% market value share by 2021.
Key Takeaways from Bulk Bags Market
“Due to the increasing need for flexible transportation packaging formats, especially in the chemical & fertilizer industries, for shipping of bulk materials, the demand for bulk bags is expected to rise considerably in Europe” says FMI analyst.
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Reusable Bulk Bags to Shape Europe Bulk Container Industry
Bulk bags used in transportation of bulk material. These bags allow flexible packaging and can be reused in a closed loop scheme. A closed loop scheme is a practise in which bulk bags are washed and prepared to be reused for application for which they were initially designed. In a closed loop scheme, bulk bag manufacturers, customers, and end operators collaborate to reuse bulk bags. To carefully reuse them, inside dirt needs to be eradicated.
Most common designs of bulk bags have a long shelf life of almost five years. Some bulk bags such as those that comprise special chemical coats, may in reality have comparatively shorter shelf life due to the gradual chemical breakdown of the coating. There is growing acceptance of reusable bulk bags, as they offer efficient and economical solution. Meanwhile bulk bags are lightweight and offer easily compressible storage options much like or even superior to cardboard boxes and other flat paper products.
The high strength and sturdy design make bulk bags a better option than conveying thousands of tones in crushed cardboard boxes.
Rise in Raw Material Prices Likely to Hamper Market Growth
Flexible Intermediate Bulk Containers (FIBCs) or bulk bags are generally made from raw materials such as polyethylene and polypropylene. It is expected that petroleum-based raw materials account for roughly 60-70% of the total production cost of bulk bags. Fluctuation in raw materials prices is a major restraint in maintaining economical prices of bulk bags for export point of view. The result of increasing crude oil rates is also likely to be reflected, further overstressing the pricing load on operating companies.
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Who is winning?
Grief, Inc., Berry Global Group, Inc., Intertape Polymer Group, Conitex Sonoco, LC Packaging International BV, Bag Corp, Sackmaker J&HM Dickson Ltd., Emmbi Industries Ltd., RDA Bulk Packaging Ltd. Conrop, s.r.o., MANICARDI srl, Sokuflex Behälter GmbH, Bulk Containers Europe BV, DIV Trades d.o.o., TiszaTextil Plastic Processing and Sales LTD., PLASTCHIM-T AD, Pera Plastic Czech s.r.o., Romtextil SA, EUROFLEX FIBC LIMITED, and BLOCKX GROUP are the prominent players in the Europe bulk bags market. The Tier 3 players in the market hold 70-80% in the Europe bulk bags market. In conclusion, key players contribute almost 20-30% of the Europe demand.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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