The global jumbo bag market size was estimated to be US$ 4.3 billion in 2020 and is expected to reach US$ 7.7 billion by 2031 at a CAGR of 5.4%. Jumbo bags are otherwise called flexible intermediate bulk containers that are FIBCs or mass bags are made with adaptable fiber intended for capacity or transportation of dry items like seeds, manures, sand, and so forth.
They are usually made with woven polyethylene or polypropylene. They have ability to cart material around 1000 kg. Utilization of jumbo bags traces all the way back to 1940's. Jumbo bags are likewise utilized as flood hindrances and used to assemble impermanent divider in many cases. With versatility and sturdiness for conveying mass things, the adaptable packaging arrangement, for example, jumbo bags are viewed as great option. Other than this, jumbo bundling requires less extra room and offer more noteworthy expense productivity. These factors are relied upon to help expand deals of jumbo bags in coming years.
Jumbo bags or mass bags are significantly utilized for shipping and bundling mass things from a few end-use segments like synthetic compounds and composts, building and development, food items and horticulture, drugs, minerals and mining, and so on. The requirement from the synthetic substances and composts industry for example is relied upon to flood at a positive rate during the evaluation period of 2022-2032.
Shale gas is a significant crude material for the chemical business. Minimal expense of shale gas is prompting expanding creation of synthetic substances, which is additionally driving development sought after for FIBCs in the compound business. Be that as it may, unpredictability in costs of crude material and harmful material delivered during assembling of jumbo bags might hamper development of the worldwide jumbo bags market in coming few years. By the by, presentation of jumbo bags with eco-accommodating properties can set out high income open doors for major influencing players in the worldwide market. By province, Asia Pacific will have high development during the forecast time frame of 2022-2032, because of the positive development of end-use ventures like food, chemicals, and agribusiness in the province is creating expected expansion possibilities for development of the market.
Market in Asia Pacific is relied upon to observe a critical development as far as revenue is considered, resulting from presence of developing gardening, farming and industrial area, particularly in agricultural nations like China and India. Sales in Europe market expected to enlist normal development rate during the forecast period of 2022-2032.
Global Jumbo Bags Market Value Share Analysis, by Geography (2021)
The report titled “Global Jumbo Bags Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Jumbo Bags Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Jumbo Bags market is segmented as capacity, bag type, bag design, end-use, and region. Based on capacity, the Jumbo Bags market is segmented into 250 kg-750 kg, 750 kg-1500 kg, 1500 kg, and other. Based on bag type, the Jumbo Bags market is segmented into type A, type B, type C, and type D, and others. Based on bag design, the Jumbo Bags market is segmented into U-panel bag, four side panel, baffle, circular/tabular, cross corner, and other. Based on end use, the Jumbo Bags market is segmented into chemical & fertilizer, agriculture & food, building & construction, pharmaceuticals, mining, and others.
Based on geography, the Global Jumbo Bags Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Jumbo Bags Market. Further, market share of prominent companies in the Global Jumbo Bags Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Jumbo Bags companies. The Global Jumbo Bags Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Jumbo Bags business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Jumbo Bags Market.
The key players of the Global Jumbo Bags Market are:
Berry Global Inc., Greif, Conitex Sonoco, AmeriGlobe LLC, J&HM Dickson Ltd., Halsted Corporation, Intertape Polymer Group, Emmbi, Inc., LC Packaging, and Others.
Global Jumbo Bags Market Key Segments:
Based on capacity
Based on bag type
Based on bag design
Based on End use
By Region
The global Jumbo Bags market size is estimated to reach USD 7.7 Billion by 2032.
The global Jumbo Bags market is estimated to exhibit a CAGR of 5.4% in terms of revenue over the forecast period.
Berry Global Inc., Greif, Conitex Sonoco, AmeriGlobe LLC, J&HM Dickson Ltd., Halsted Corporation, Intertape Polymer Group are few prominent players active in the market.
Asia Pacific is the principal contributor to the global Jumbo Bags market.
The end-use segments in Jumbo Bags market are Chemical, Fertilizer, Agriculture, Food, Building & construction, Pharmaceuticals and Mining.
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