Global Jumbo Bags Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global jumbo bags market in its upcoming report titled, “Global Jumbo Bags Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global jumbo bags market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global jumbo bags market report has been segmented on the basis of material, product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Jumbo bags are also known as flexible intermediate bulk containers (FIBCs) or bulk bags are made with flexible fiber designed for storage or transportation of dry products such as seeds, fertilizers, sand, etc. They are commonly made with woven polyethylene or polypropylene. They have capacity to carry material around 1000 kg. Use of jumbo bags dates back to 1940’s. Jumbo bags are also used as flood barriers and used to build temporary wall. They are type of industrial containers that are transported using loops.
Growing demand for jumbo bags due to its ease of transportation coupled with its use as primary as well as secondary packaging is a major factor driving growth of the global jumbo bags market. Jumbo bags are used for liquid and solid products. They have moisture resistant, UV resistant properties and also comes with various types such as open to, sprout top, duffle top. Jumbo bags are also custom made according to the requirements of end-user. These properties are resulting into increasing its usage in various industries. Jumbo bags are reusable is another factor fueling growth of the global market. Availability of various types of jumbo bags is expected boost growth of the target market over the forecast period.
However, volatility in prices raw material and toxic waste produced during manufacturing of jumbo bags may hamper growth of the global jumbo bags market. Nevertheless, introduction of jumbo bags with eco-friendly properties can create high revenue opportunities for players in the global market.
Market in North America expected to account for major market share in terms of revenue over the forecast period. Growing use of reusable packaging in industries is expected factor drive growth of the global jumbo bags market in this region. Market in Asia Pacific is expected to witness a significant growth in terms of revue in the near future, owing to presence of growing agriculture and industrial sector, especially in developing countries such as China and India. Revenue in Europe market expected to register average growth rate over the forecast period.
Global Jumbo Bags Market Segmentation:
- Semi-Aromatic Polyamides
By product type:
- UN certified
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Jumbo Bag Ltd
- Gulf Plastic Industries Company SAOG
- FIBC Vietnam
- PINNACLE Packing Industries L.L.C.
- Al-Tawfiq Company
- Filling & Packing Materials Manufacturing Company (FIPCO)
- BJJ PHOLSUWAN ENTERPRISE CO., LTD.
- Virgo Polymers India Ltd.
- Berg Bag Company, Inc.
- KP Polypack International
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