Flexible packaging formats have always been in the picture due to various benefits over rigid packaging formats. With elasticity and durability for carrying bulk items, the flexible packaging format such as jumbo bags are considered ideal. Besides this, jumbo packaging requires less storage space and offer greater cost efficiency. These factors are expected to support increasing sales of jumbo bags.
Jumbo bags or bulk bags are majorly used for transporting and packaging bulk items from several end-use segments such as chemicals & fertilizers, building & construction, food products & agriculture, pharmaceuticals, minerals & mining, etc. The demand from the chemicals & fertilizers industry for instance is expected to surge at a positive rate over the forecast period.
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In its upcoming business report, FMI details the historical and current scenarios of the global Jumbo Bags Market in terms of production, consumption, volume and value. This report studies the market into different segments, regions and players based on demand patterns and growth prospects.
The vital information and forecast statistics covered in the Jumbo Bags Market report will provide established and emerging market players with the insights they need to formulate long-term strategies and maintain business continuity during crises such as the ongoing COVID-19 pandemic.
Analysis of COVID-19 Impact on Jumbo Bags Market
The recent COVID-19 outbreak has negatively impacted various markets in the packaging industry, and the jumbo bag market is no exception. Products classified as ‘necessities’ continued to record strong sales, while demand for non-essential products plummeted.
In response to government action, particularly social distancing rules and stay-at-home orders, companies operating in the jumbo bag market have stopped production. In addition, movement restrictions and supply chain disruptions have created a logistics nightmare for market participants, resulting in severe product shortages in global markets. Several market players plan to shift their supply chains from China, the first epicenter of COVID-19.
FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the Jumbo Bags market. This helps both major and emerging market players to understand market scenarios during crises and make sound decisions to gain a distinct competitive advantage.
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Jumbo Bags Market: Segmentation
The valuable information covered in FMI’s Jumbo Bags Market report has been segmented into major segments and sub-segments.
bag type
- type A
- type B
- Type C
- type D
Volume
- less than 200 kg
- 200kg – 750kg
- 750kg – 1500kg
- 1500kg or more
design
- U-panel bag
- 4 side panels
- baffle
- round/table
- cross corner
Jumbo Bags Market: Competitive Analysis
FMI’s research provides a comprehensive analysis of global, regional, and country level players operating in the Jumbo Bags Market. Competitive information detailed in the Jumbo Bags market report is based on each market participant’s innovative product launches, distribution channels, local networks, industry penetration, production methods, and revenue generation. Additionally, growth strategies and mergers and acquisitions (M&A) activities related to players are included in the Jumbo Bags Market report.
The key players covered in the report are:
Berry Global Group, Inc., Intertape Polymer Group, Conitex Sonoco, Grief Inc., Emmbi Industries Ltd., LC Packaging International BV, AmeriGlobe LLC and Langston Companies Inc.
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Important Questions Answered in Jumbo Bags Market Report
- Who will remain the highest revenue contributors in other regional markets?
- At what rate did the global Jumbo Bags market expand during the forecast period?
- What will the global Jumbo Bags market look like by the end of the forecast period?
- What are the innovative strategies adopted by the Jumbo Bags market players to stay ahead of the market?
- What are the restrictions affecting the growth of the Global Jumbo Bags Market?
Highlights of the report
- Growth Drivers and Opportunities: Comprehensive analysis of growth drivers and opportunities for market players in various regional markets
- Recent Trends and Forecasts: A detailed assessment of the latest trends, technological developments and forecasts over a 5- or 10-year period.
- Segment Analysis: What differentiates the role of these segments in an extensive analysis of each segment and market revenue forecasts and growth rate analysis
- Regional Market Forecast: A thorough analysis of each regional market to provide stakeholders with the information they need to make important decisions
- Competitive Landscape: Comprehensive insights into both leading and emerging players contending for a piece of the Jumbo Bags market
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 global financial capital, with shipping centers in the United States and India. FMI’s latest market research reports and industry analyzes help companies navigate the challenges and make important decisions with confidence and clarity amid fierce competition. Customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert-led analysts continuously track new trends and events across a wide range of industries to prepare clients for the evolving needs of consumers.
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