Jumbo Bags Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2030

In a recent study of the Jumbo Bags market, FMI   revealed that by 2030 the market will register an impressive CAGR and the market value will exceed $5.8 billion. Until 2021. Demand for jumbo bags is expected to continue to surge due to the growing demand for durable, cost-effective and space-saving packaging.

“   Jumbo bag manufacturers around the world are taking advantage of the growing demand in a variety of industries. Food and agriculture, building and construction, and pharmaceutical industries are also seeing trends in spending on effective solutions for bulk packaging and safe delivery.” FMI analysts say:

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2060

Jumbo Bags Market – Key Highlights

• For bulk packaging, Category C jumbo bags are strongly recommended because of industry standards.
• Growth in the chemical fertilizer business is boosting the jumbo bag market. Throughout the forecast era, FMI has predicted that FMI will remain the primary end user.
• Jumbo bags in sizes 200kg – 750kg are more common in the market and are expected to maintain high demand over the forecast period.
• North America, led by the US, is estimated to dominate the market during the forecast period.

Jumbo Bag Market – Drivers

• Flexible packaging types are gaining popularity due to many advantages over rigid packaging types driving the market growth.
• Jumbo bags or bulk bags are mainly used for transporting and packaging bulk products in various end-use industries such as chemicals and fertilizers, building and construction, food and agricultural products, pharmaceuticals, minerals and mining, etc. Demands in these industries include: Drive market growth.
• Additionally, the jumbo bag market is growing due to the industrial demand for smaller and personalized bag sizes with damage-resistant shipping characteristics.

Jumbo Bag Market – Confinement

• Strict government guidelines on product sustainability are hampering the growth of the market.
• The outbreak of COVID-19 is expected to harm the market.

Ask an Analyst @ https://www.futuremarketinsights.com/askus/ rep-gb-2060

Impact of COVID-19 on Jumbo Bags Market

The unprecedented COVID-19 pandemic is expected to hamper the jumbo bag market growth. At several levels, the COVID-19 pandemic is now impacting the global economy, and its impact is also visible in the automotive aftermarket. Growth is expected to be impacted by the COVID-19 pandemic crisis, with demand expected to decline significantly in 2021. Uncertainty in the retail and supply chain markets has also slowed profitable growth, with many end-use industries affected in many countries. However, as the market continues to improve, the economy is likely to enter a recovery process.

competitive landscape

In addition to choosing strategic collaborations to gain a competitive advantage, jumbo bag market players are also looking to expand their production facilities. For example, Berry Global Group Inc. has launched DriBulkTM Container Liners, a new family of Lightweight Intermediate Bulk Containers (FIBC) that provide a reliable, affordable and convenient option for many end-use industries such as agriculture, minerals and chemical. , food and other industries, shipping, transporting and storing dry bulk products.

Major companies operating in the global market include Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe LLC, PT. WIHARTA KARYA AGUNG, BAG Corp, Halsted Corporation.

Jumbo Bags Market by Category

Bag Type:

• Type A
• Type B
• Type C
• Type D

Capacity:

• Less than 200 kg
• 200 kg-  750 kg
• 750 kg – 1500 kg
• 1500 kg and above

Design:

• U-Panel Bag
• Four Side Panel
• Baffle
• Circular/ Tabular
• Cross Corner

End Use:

• Building & Construction
• Chemicals & Fertilizers
• Food Products & Agriculture
• Pharmaceuticals
• Others (Mining)

Report Customization available @ https://www.futuremarketinsights.com/customization-available/ rep-gb-2060

About Us

Future Market Insights (ESOMAR certified 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.

Contact Us
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers Dubai
United Arab Emirates

LinkedIn| Twitter| Blogs 

For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com