Demand for 2 Loop FIBC Bags is expected to reach US$ 2.6 Billion in 2022 and is projected to increase at a CAGR of 3.02% to US$ 3.5 Billion from 2022 to 2032. The global adoption of 2 Loop FIBC Bags in the packaging sector is responsible for the market’s expansion.
Industrial bags with two handles, known as 2 Loop FIBC Bags, are frequently used to package agricultural products like grains, seeds, and salts as well as industrial goods like cement, clays, and sand. The 2 Loop Bags, which are made from a single tube of fabric, are generally acknowledged as being more affordable than the more common 4 Loop Bags.
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COVID-19 Impact Analysis on 2 Loop FIBC Bags Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the 2 Loop FIBC Bags market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the 2 Loop FIBC Bags market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the 2 Loop FIBC Bags market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
2 Loop FIBC Bags Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the 2 Loop FIBC Bags market. Competitive information detailed in the 2 Loop FIBC Bags market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the 2 Loop FIBC Bags market report.
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Key players covered in the report include:
- Greif
- Chuangda Group
- Rockleigh Industries
- Propex Operating Company LLC
- CHK Manufacturing Inc.
- Delta Big Bag, LARE FIBC LLC
- Rosenflex UK Ltd.
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2 Loop FIBC Bags Market: Segmentation
Valuable information covered in the FMI’s 2 Loop FIBC Bags market report has been segregated into key segments and sub-segments.
Size:
- 2 Loop FIBC Bags Up to 5 oz
- 2 Loop FIBC Bags between 6 oz to 12 oz
- 2 Loop FIBC Bags between 13 oz to 20 oz
- 2 Loop FIBC Bags Above 20 oz
Packaging Type:
- 2 Loop FIBC Jars
- 2 Loop FIBC Vials
- 2 Loop FIBC Bottles
Application:
- 2 Loop FIBC Bags for Perfumes
- 2 Loop FIBC Bags for Essential Oils
- 2 Loop FIBC Bags for Chemicals
- 2 Loop FIBC Bags for Pharmaceuticals
- 2 Loop FIBC Bags for Other Liquids
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the 2 Loop FIBC Bags market
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