The Latest Bulk Bags Industry Statistics Explained
The global industry for Bulk bags was estimated to be worth around $4.08 billion in 2019.
The statistic indicates that the global industry for bulk bags, also known as Flexible Intermediate Bulk Containers (FIBCs), had an estimated market value of approximately $4.08 billion in 2019. Bulk bags are large, durable bags used for transporting and storing various types of materials such as chemicals, minerals, food products, and agricultural goods. This value reflects the significant demand for bulk bags across industries worldwide, driven by factors such as cost-effectiveness, efficiency in storage and transportation, and environmental sustainability. The market size suggests a robust industry with potential for further growth and innovation in the coming years.
It is predicted that the Bulk bags industry will reach an approximate value of $6.7 billion by 2028.
The statistic that the Bulk bags industry is predicted to reach an approximate value of $6.7 billion by 2028 suggests a significant growth trajectory within the industry over the next few years. This projection indicates a strong market demand for bulk bags, likely driven by various factors such as the increasing global trade volume, the rise in industrial activities, and the growing awareness of sustainability practices. The anticipated value of $6.7 billion highlights the economic potential and opportunities present in the Bulk bags industry, positioning it as a lucrative sector for investment and development in the coming years.
The Bulk bags industry is projected to grow at a CAGR of 7.3% from 2021 to 2028.
This statistic indicates that the bulk bags industry is forecasted to experience a Compound Annual Growth Rate (CAGR) of 7.3% over the period from 2021 to 2028. A CAGR of 7.3% suggests steady and sustained growth in the industry over the specified timeframe. This projection implies that the demand for bulk bags, which are commonly used for transportation and storage of various materials, is expected to increase significantly in the coming years. Factors driving this growth could include expanding industries such as agriculture, construction, and chemicals, as well as a shift towards more sustainable and cost-effective packaging solutions. Companies operating in the bulk bags sector may have opportunities to capitalize on this growth trend through strategic investments and market expansion efforts.
In 2019, North America accounted for the maximum revenue in the Bulk bags market.
The statistic “In 2019, North America accounted for the maximum revenue in the Bulk bags market” indicates that out of all the regions analyzed, North America generated the highest revenue in the bulk bags market during the year 2019. This suggests that North America had the largest market share and sales value for bulk bags as compared to other regions such as Europe, Asia Pacific, and Latin America. Factors contributing to North America’s significant revenue in this market could include factors such as a strong industrial sector, high demand for bulk packaging solutions, favorable economic conditions, and effective marketing and distribution strategies. Understanding these regional variations in revenue can help businesses tailor their marketing and sales efforts to target specific regions for growth opportunities in the bulk bags market.
It is estimated that the chemical & pharmaceuticals segment for the Bulk bags market was worth around $1.6 billion in 2019.
This statistic indicates that the chemical & pharmaceuticals segment of the Bulk bags market had a market value of approximately $1.6 billion in 2019. This suggests that the demand for bulk bags within the chemical & pharmaceuticals industry was significant during that year, potentially driven by factors such as increased production activities, regulatory compliance requirements, or growth in the sector. The market value highlights the economic importance of bulk bags within this specific segment, serving as a key component in the packaging and transportation of chemicals and pharmaceutical products. Understanding this estimated value provides insights into the market dynamics and opportunities within the chemical & pharmaceuticals segment of the Bulk bags market.
A 1-1.5 cubic meter flexible intermediate bulk container can carry 1,000-1,500 Kg of the material.
The statistic indicates that a flexible intermediate bulk container with a volume between 1 and 1.5 cubic meters has the capacity to carry a weight range of 1,000 to 1,500 kilograms of a certain material. This implies that the container is designed to accommodate a substantial amount of material within the specified weight limits, making it suitable for transporting or storing relatively large quantities of goods efficiently. The flexibility of the container suggests that it can be utilized across various industries where transporting or storing bulk materials is required, providing a versatile and cost-effective solution for logistical needs.
The Asia-Pacific region is projected to witness the fastest growth in the Bulk bags industry over the forecast period.
The statistic indicates that the Asia-Pacific region is expected to experience the most rapid expansion in the bulk bags industry compared to other regions over the forecast period. This growth is likely driven by factors such as increasing industrialization, booming construction and infrastructure sectors, rising demand for efficient and cost-effective packaging solutions, and favorable government policies promoting trade and investment in the region. Companies operating in the bulk bags market may find significant opportunities for market expansion and revenue growth by targeting the Asia-Pacific region due to its promising growth prospects in the industry.
As per the data, Type B held the largest share in the FIBC (Flexible Intermediate Bulk Container) market in 2020.
The statistic “As per the data, Type B held the largest share in the FIBC (Flexible Intermediate Bulk Container) market in 2020” means that among all the different types of FIBC in the market, Type B had the highest proportion of sales or usage in 2020. This implies that Type B FIBC products were the most popular or preferred choice among consumers or businesses during that particular year, surpassing the market share of other types of FIBC. This information is important for manufacturers, retailers, and industry analysts to understand the market dynamics and trends within the FIBC industry, allowing them to make informed decisions regarding product development, marketing strategies, and investments.
The food grade segment is estimated to grow at the highest CAGR over the forecast period in the Bulk bags industry.
This statistic suggests that the food grade segment within the Bulk bags industry is projected to experience the highest compound annual growth rate (CAGR) compared to other segments over the forecast period. This indicates that the demand for bulk bags specifically designed for food-grade applications is expected to increase at a faster rate. Factors such as growing awareness of food safety regulations, increasing demand for efficient and safe packaging solutions in the food industry, and the rising trend of bulk packaging for food products may contribute to this anticipated growth. As a result, companies operating in the Bulk bags industry may see significant opportunities for expansion and investment in the food grade segment in the coming years.
The growth of the chemical industry across Asia-Pacific is expected to drive demand for bulk bags in the region.
This statistic suggests that the chemical industry in the Asia-Pacific region is experiencing growth, which in turn is anticipated to lead to an increased requirement for bulk bags within the sector. Bulk bags are commonly used for the transportation and storage of various chemical products, and the rising demand for these bags indicates a parallel rise in production and consumption within the industry. As the chemical sector expands across the Asia-Pacific region, the need for efficient and cost-effective packaging solutions like bulk bags is likely to grow as well, reflecting the interconnected nature of the industry’s supply chain dynamics.
Over 34% share of the global FIBC (Flexible Intermediate Bulk Container) market was held by the chemicals & fertilizers segment in 2018.
The statistic indicates that in 2018, the chemicals & fertilizers industry held a significant portion of the global FIBC market, accounting for over 34% of the total market share. This suggests that the chemicals & fertilizers segment was a major player in the FIBC industry during that time period, likely due to the essential role these products play in the transportation and storage of chemicals and fertilizers. The statistic highlights the industry’s influence and dominance in the FIBC market, underscoring the importance of the chemicals & fertilizers sector in driving growth and demand within the global FIBC market.
Global bulk bags market in the Building and Construction sector is predicted to grow at a CAGR of 7.8% from 2021 to 2026.
The statistic indicates that the global bulk bags market within the Building and Construction sector is expected to experience a Compound Annual Growth Rate (CAGR) of 7.8% over the period from 2021 to 2026. This suggests a steady and significant increase in demand for bulk bags used in construction-related activities over the forecasted 5-year period. The projected growth rate implies a positive trend in the market, likely driven by factors such as infrastructure development projects, urbanization, and the increasing preference for cost-effective and efficient packaging solutions within the industry. This information is valuable for industry stakeholders and investors seeking to understand and capitalize on growth opportunities within the building and construction sector.
Europe is projected to hold around 28% of the global market share for bulk bags in 2021.
The statistic “Europe is projected to hold around 28% of the global market share for bulk bags in 2021” indicates that European countries are expected to account for approximately 28% of the total market for bulk bags worldwide in the year 2021. This projection suggests that Europe plays a significant role in the bulk bag industry, with a substantial portion of the market being driven by consumers and businesses in European countries. The statistic reflects the competitiveness and market presence of European companies in the bulk bag sector, highlighting the region’s importance as a key player in the global market for this product.
The polypropylene resin segment accounted for the highest revenue in the global bulk bags industry in 2019.
The statistic indicates that within the global bulk bags industry in 2019, the polypropylene resin segment generated the most revenue compared to other segments. This suggests that the production and sale of bulk bags made from polypropylene resin contributed significantly to the overall revenue in the industry during that year. Polypropylene resin is a popular material choice for bulk bags due to its properties like durability, strength, and moisture resistance, which makes it well-suited for various industrial applications. The high revenue from this segment can indicate a high demand for polypropylene resin bulk bags in the market, reflecting strong customer preference and market share for this product type within the industry.
Over 80% of U.S. exports of bulk bags are to Mexico, Canada, and Australia.
The statistic suggests that a significant proportion of bulk bags exported from the United States are destined for Mexico, Canada, and Australia. Specifically, over 80% of such exports go to these three countries combined. This indicates a concentration of trade in bulk bags with these particular nations, potentially highlighting strong trade relationships, demand for bulk bags in these markets, or competitive advantages the US has in supplying bulk bags to these countries. Understanding this distribution of exports can be valuable for stakeholders in the bulk bag industry, including manufacturers, exporters, and policymakers, as it provides insights into key markets and potential growth opportunities.
It’s estimated that there would be a decrease in the overall market for bulk bags in 2020 due to the COVID-19 pandemic.
The statistic indicates that there is an anticipated decline in the demand for bulk bags in the year 2020 as a result of the COVID-19 pandemic. This projection suggests that the market for bulk bags, which are typically used for transporting and storing large quantities of goods, will experience a decrease in sales or production levels due to the widespread impact of the pandemic on various industries and businesses. Factors contributing to this expected downturn in the market may include disruptions in supply chains, reduced consumer spending, and shifts in manufacturing priorities in response to the pandemic. The statistic underscores the significant economic challenges faced by industries that rely on the use of bulk bags and highlights the broader effects of the COVID-19 crisis on global trade and commerce.
The uncoated fabric type accounted for a considerable chunk of the market share in the bulk bags industry in 2020.
This statistic suggests that in the bulk bags industry in 2020, the uncoated fabric type was a dominant player in terms of market share. This means that a significant portion of the market was captured by bulk bags made from uncoated fabric as compared to other fabric types. The popularity and demand for uncoated fabric bulk bags were substantial, indicating that customers preferred this type of fabric for their packaging needs. The dominance of the uncoated fabric type in the market share signifies its importance and relevance within the industry, potentially due to factors like cost-effectiveness, durability, or other specific qualities that customers find desirable.
The non-hazardous segment accounted for around 60% of the harmful intermediates market in global bulk bags in 2019.
This statistic suggests that the non-hazardous segment, which refers to substances that are not dangerous or harmful, represented approximately 60% of the harmful intermediates market in global bulk bags in 2019. This indicates that the majority of the market for harmful intermediates packaged in bulk bags consists of non-hazardous substances, while the remaining 40% likely comprises hazardous materials. Understanding this breakdown is crucial for stakeholders in the industry to assess the demand for different types of intermediates and ensure appropriate handling and packaging measures are in place to safely transport and store these products.
Lead Packaging, Berry Global Group, and Conitex Sonoco are among key players in the global bulk bags industry.
The statistic “Lead Packaging, Berry Global Group, and Conitex Sonoco are among key players in the global bulk bags industry” indicates that these three companies hold prominent positions and have significant influence within the bulk bags market worldwide. As key players, they likely have considerable market share, brand recognition, and influence on industry trends and developments. This suggests that their actions and strategies can have a notable impact on the overall dynamics and competitiveness of the global bulk bags industry. Additionally, these companies may possess strong capabilities in terms of manufacturing, distribution, and innovation, making them important players to watch in the industry.
Conclusion
By examining the statistics surrounding the bulk bags industry, it is evident that this sector plays a crucial role in various sectors such as agriculture, construction, and manufacturing. The data highlights a growing demand for bulk bags due to their cost-effectiveness, efficiency, and sustainability benefits. As the industry continues to evolve and innovate, it is clear that bulk bags will remain a versatile and essential packaging solution for the foreseeable future.
References
0. – https://www.www.radiantinsights.com
1. – https://www.www.worldstopexports.com
2. – https://www.www.globalmarketestimates.com
3. – https://www.www.factmr.com
4. – https://www.www.alliedmarketresearch.com
5. – https://www.www.grandviewresearch.com
6. – https://www.www.databridgemarketresearch.com
