Bulk Bags Market Shows Valuation Of USD 4956.7 Million till forecast 2023
Summary
Bulk Bags Market by Fabric Type (Type A, Type B, Type C, Type D) by Capacity (Small up to 0.75 cu.m, Medium 0.75 to 1.5 cu.m, Large Above 1.5 cu.m) by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross Corners, Others) by End-use (Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, Others) and Region-Global Report - Forecast to 2023
Market Overview
The global bulk bags market is showing great potential to achieve a market valuation of USD 4956.7 million by 2023 with a CAGR of 6.80% during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further incorporates drivers that can take the bulk bags market further in the coming years.
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Key Players
Prominent Bulk Bags Market players are Berry Global Group, Inc (US), Greif Inc.(US), Conitex Sonoco (US), BAG Corp (US), J&HM Dickson Ltd (UK), LC Packaging (the Netherlands),RDA Bulk Packaging Ltd. (England), Langston Companies, Inc.(US),Emmbi Industries Ltd (India), Bulk Lift International (US), and others.
Regional Analysis
Region-specific take on the Bulk Bags Market incorporates North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is at present in charge of the global market in terms of revenue generation. Furthermore, the regional bulk bags market is poised to achieve the fastest growth rate during the forecast period. Intensely competitive industrial sectors and a large density of verticals are spurring the demand for regional bulk bags market.
Europe is having the same kind of profitability as the region shares similarities with North America. Furthermore, growing eco-awareness in the region is influencing the market. The APAC market is also having substantial growth due to emerging economies as they are getting more involved in industrial upliftment.
Market Segmentation
The global bulk bags market can be segmented by fabric type, capacity, design, and end-user.
Based on design, the bulk bags market comprises u-panel bags, four side panels, baffles, circular/tabular, cross corners, and others. U-panel bags are leading the segment and can record the best growth rate in the segment during the forecast period.
On the basis of end-users, the bulk bags market can be segmented into chemicals & fertilizers, food, construction, pharmaceuticals, mining, and others. Chemicals & fertilizers segment is reigning supreme at present and is expected to maintain its position during the assessment period with the highest CAGR.
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