The growing demand for safe and mass transportation of industrial chemicals and mining products is increasing the production of bulk bags such as antistatic bags and cross-corner bags . Separately, the demand for superior pollution-free solutions for the delivery of food and agricultural products has enabled the adoption of United Nations (UN) certified food and bulk bags. The market is expected to exceed US $ 1.6 billion by 2021. The expansion of the chemical industry supports growth opportunities in the European market.
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The increasing adoption of flexible packaging in the transportation of bulk chemicals and materials, including petrochemicals, basic minerals, polymers, specialty chemicals, consumer chemicals, etc., is driving demand for bulk bags, primarily in European countries. .. gain. In addition to this, the convenience and affordability of bulk bags rich in plastic raw materials are driving sales on the market.
According to FMI, 1 & 2 loop bags will be listed as a best-selling product category. & 2 loop bags are the most attractive in the end-use industry because they provide the most efficient, cost-effective and easy-to-use elements for agriculture, fertilizer and other applications. This segment is estimated to hold a market value share of approximately 28% by 2021.
Important points from the bulk bag market
- Increased attention to trade improvement will drive sales of bulk bags in Europe, allowing the market to rise at a stable CAGR of 3.4% between 2020 and 2030.
- Negative sales in the UK are expected at COVID-19, but the market is expected to recover after 2022.
- In 2021 and 2022, Germany and France may continue to record a decline in sales, so we expect to maintain a good year and increase demand after 2022.
Reusable bulk bag to shape the European bulk container industry
A bulk bag used to transport bulk materials. These bags allow for flexible packaging and can be reused in a closed loop fashion. The closed-loop method is a method of cleaning the bulk bag and preparing it for reuse in the originally designed application. In the closed-loop method, bulk bag manufacturers, customers, and end operators work together to reuse bulk bags. To reuse them carefully, you need to eradicate the dirt inside.
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Bulk bag market by category
Product Type
- 1 & 2 loop bag
- 4 loop big bag
- Form a large and stable bag-Q bag
- Antistatic Big Bag-Antistatic Bag
- Big bag with valve Cross corner bag
- United Nations Big Bag-Food Bag
End use
- Architecture/Construction
- Chemical fertilizer
- Food・Agriculture
- Pharmaceuticals
- Mining
Rising raw material prices can hinder market growth
Flexible intermediate bulk containers (FIBC) or bulk bags are usually made from raw materials such as polyethylene and polypropylene. Petroleum-based raw materials are expected to account for approximately 60-70% of the total production cost of bulk bags. Fluctuations in raw material prices are a major constraint on maintaining the economical prices of bulk bags from an export perspective. The result of the rise in crude oil prices is likely to be reflected, further emphasizing the price burden of operating companies.
Impact of COVID-19 on the bulk bag market
With the increase in difficult situations during the COVID-19 pandemic, the increase in bulk bags has decreased significantly. As a result, the year-on-year growth rate at the end of 2020 has fallen by nearly 1% compared to 2019. Trouble with supply shortages has a moderate negative impact on bulk bag packaging demand in the agriculture and food industry. chain.
How do the historical and future outlooks of the European bulk bag market match?
The need for bulk transportation and storage of industrial chemicals and materials in distribution centers and warehouses creates opportunities for bulk bag sales. According to the Flexible Intermediate Bulk Container Association (FIBCA), bulk bags, also known as “big bags” and “bulk sack”, were first manufactured in the late 1950s or early 1960s. European manufacturing picked up during the oil crisis of the mid-1970s.
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table of contents
1. executive summary
1.1. European market outlook
1.2. Market analysis
1.3. Analysis and recommendations
2. Market overview
2.1. Market coverage
2.2. Market definition
3. Major market trends
3.1. Key trends affecting the market
3.2. Product innovation trends
4. Main success factors
4.1. Product adoption analysis
4.2. Product USP / Features
5. Demand Analysis of European Bulk Bag Market 2015-2019 and Forecast, 2020-2030
5.1. Past market size (unit) and value (US $ Mn) analysis, 2015-2019
5.2. Current and future market size (units) and value (US $ Mn) forecasts, 2020-2030
5.2.1. Analysis of growth trends compared to the previous year
5.2.2. Absolute $ Opportunity Analysis
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai, the world’s financial capital, with distribution centers in the United States and India. The latest FMI market research reports and industry analysis is to overcome the challenges in the enterprise is intense competition, helps to clarify the important decisions with confidence. Customized and syndicated market research reports provide actionable insights to drive sustainable growth. A team of FMI expert-led analysts track new trends and events in a wide range of industries to ensure clients meet the evolving needs of consumers.
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