Global Jumbo Bags Market Projected to Reach US$ 9.9 Billion by 2033, Growing at 4.2% CAGR

The jumbo bags market is expected to experience substantial growth, reaching a value of US$6.1 billion by 2023, according to Future Market Insights (FMI). Over the next decade, the market is projected to maintain a compound annual growth rate (CAGR) of 4.2%, exceeding $9.9 billion by 2033.

The escalating production and usage of plastic products have resulted in a pressing environmental challenge, with approximately 70% of plastic products degrading rapidly and contributing to soil and groundwater pollution. In response to this issue, governments worldwide have implemented stringent regulations concerning plastic waste management, driving the demand for effective solutions.

Jumbo bags, also known as flexible intermediate bulk containers (FIBCs), offer a sustainable and eco-friendly alternative in the packaging industry. These large, robust bags are commonly made from woven polypropylene or other durable materials, enabling secure storage and transportation of bulk goods. Jumbo bags come with numerous advantages, including reusability, recyclability, and reduced environmental impact, making them a favorable choice over traditional plastic packaging options.

In North America and Europe, industries are increasingly favoring recyclable plastic packaging as they gain a better understanding of responsible plastic waste disposal. This shift creates substantial opportunities for established packaging manufacturers to develop and produce large, recyclable bags, catering to the growing demand for sustainable packaging solutions

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Key Takeaways from the Jumbo Bags Market Study:

“Increasing demand for flexible packaging formats in the chemicals & fertilizers industry would push the market. Jumbo bags offer water-proof, versatile, and bulk packaging. Such ideal protection added with cost and space efficiency is provided by jumbo bags. It would bolster sales in the next ten years,” says an analyst.

Ability of Jumbo Bags to Reduce Transportation Cost Would Fuel Sales

Manufacturers have shifted toward flexible packaging. Inclination toward jumbo bags or bulk bags is due to better protection of materials that are transported. Ease of procurement would also push sales.

Empty jumbo bags can be easily stored due to their high flexibility. They can be transported even without pallets. They are low cost and can be conveniently handled.

On the other hand, filled jumbo bags have a low package-to-product weight ratio. Empty jumbo bags are compact and lightweight. It reduces transportation cost. Due to these factors, high preference for jumbo bags in bulk goods transportation is countered.

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China, India, Bangladesh, and other emerging Asia Pacific countries are key producers of jumbo bags. But, consumption of these bags is low in these regions.

Rising economic growth and industrialization would propel demand. Need from industries to transport goods through low-cost flexible intermediate bulk containers would rise.

Rising shift toward flexible packaging from rigid packaging would drive jumbo bags demand. Jumbo bags are used for transportation of chemicals & fertilizers, food & agriculture products, and cement in Asia Pacific.

Competitive Landscape: Jumbo Bags Market

Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe L.L.C, PT. WIHARTA KARYA AGUNG, BAG Corp., Halsted Corporation, Intertape Polymer Group., Emmbi Industries Ltd., LC Packaging International BV, Rishi FIBC Solutions Pvt. Ltd., Langston Companies Inc., Jumbo Bag Ltd., Bulk Lift International, and Sackmaker J&HM Dickson Ltd. are prominent players in the jumbo bags market.

Factors Driving Jumbo Bags Consumption in the USA, China, and Germany

Key Benefits of the Jumbo Bags Market:

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Jumbo Bags Market Outlook by Category

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About FMI

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.

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