Bulk Farmers Market Bags| COVID-19 Analysis

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They are also known as flexible intermediate bulk containers (FIBCs). Eco-friendliness and affordability are two main characteristics of these bags which are gaining worldwide attention. The global Bulk Farmers Market Bags report by Market Research Future (MRFR) encompasses various trends and insights for the forecast period of 2018 to 2023.

Prospects

The global Bulk Farmers Market Bags is estimated to touch a valuation of USD 4,956.7 million by 2023 at a CAGR of 6.80% during the forecast period. The properties of mildew resistance, resistance to shrinking and stretching, and manufacture from woven polypropylene can drive its market demand exponentially.

Segmentation

By design, it is segmented into cross corners, u-panel bags, four-side panels, circular/tabular, baffles, and others. Among these, u-panel bags are predicted to exhibit the fastest growth rate till 2023.

By end-user, it is segmented into pharmaceuticals, mining, construction, chemicals & fertilizers, food, and others. Chemicals & fertilizers are likely to elicit massive demand for bulk bags and maintain its position till the end of the forecast timespan.

Regional Analysis

Geographically, the global Bulk Farmers Market Bags covers regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The Europe region is touted to generate high demand for bulk bags due to the booming transportation and logistics sectors. Cross trade activities and high volume of imports and exports are factors likely to bode well for the market.

APAC is deemed to be the most lucrative due to the shift in preference from plastic bags to compostable bags for reuse. Countries of India and China with a special focus towards the chemical and manufacturing sectors can give the regional market a shot in the arm. Application of bulk bags as a low-cost solution by various industries can work favorably for bag manufacturers.

Competitive Landscape

Key market players include Langston Companies, Inc., Conitex Sonoco, Berry Global Group, Inc, RDA Bulk Packaging Ltd., LC Packaging, Emmbi Industries Ltd, BAG Corp, Bulk Lift International, J&HM Dickson Ltd, Greif Inc., and others.