The global bulk bag divider market is anticipated to be valued at US$ 5 Billion in 2022, forecast to grow at a CAGR of 4.55% to be valued at US$ 7.8 Billion from 2022 to 2032. The growth of the bulk bag divider market is attributed to its global utilization across the packaging industry.
Bulk bags dividers are known to be a common transportation and storage option for commodity products. But, when packaged products are stacked on pallets in blocks, a problem occurs and the bulk bags are often damaged when a forklift is utilized for dividing the pallets which result in augmented cost. Bulk bag dividers are also utilized in order to eliminate the stumbling block and to make the work smooth and efficient.
North America is considered to be a dominant region for bulk bag dividers, owing to the rise in the demand for the product in various applications.
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A major factor that is expected to propel the growth of the bulk bag divider market during the forecast period includes the rise in the need of the bulk bag dividers, owing to the advantages of easiness in stacking and unstacking of bulk bags.
However, rising competition among the players might further challenge the growth of the bulk bag divider market in the near future.
Which are Some Prominent Drivers Spearheading Bulk Bag Divider Market Growth?
Key factors expected to boost growth of the market for bulk bag dividers during the forecast period include the rise in the need of the bulk bag dividers, owing to the advantages of easiness in stacking and unstacking of bulk bags and the growing applications from several industries including pharmaceutical and healthcare, meat processing and beverage industry.
In addition, the increasing prevalence of reliability with minimizing lost cost is another factor that is expected to augment the growth of the bulk bag divider market. Moreover, the innovation in custom design will further provide lucrative opportunities for the growth of the bulk bag divider market in the forthcoming years.
Furthermore, the growing demand for smart design that can tailor to real-time applications creates immense opportunities for the bulk bag dividers. Increasing demand for cost-effective packaging coupled with eco-friendly materials boosts the demand for bulk bag dividers in recent times. In addition, increasing demand for cost-effective packaging coupled with eco-friendly materials is augmenting the demand for bulk bag dividers globally during the forecast period.
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What are the Challenges Faced by the Bulk Bag Divider Industry?
Bulk bags are one the popular method for transporting and storing bulk goods. However, stacking on pallets in blocks creates problems such as when the forklift is used to separate the pallets, the bulk bags are often damaged. The damage caused results in long downtime and increased product cost. Furthermore, Bulk bag carrying and block stacking on standard pallets are difficult tasks. Bulk bags can be damaged by the big gaps at the bottom of typical pallets. This is a factor that is expected to hamper the market growth during the forecast period.
Further, the rising competition among the players might further challenge the growth of the bulk bag divider market in the near future. Moreover, the growing cost of production is further projected to impede the growth of the bulk bag divider market during the forecast period.
How is North America Emerging as an Opportunistic Bulk Bag Divider Landscape?
North America is likely to emerge as the largest market for bulk bag divider market and the trend is expected to continue into the forecast period attributed to the rise in the demand for the product in various applications. A CAGR of approximately 4% has been forecast for the region until 2032.
Moreover, the growing inclination of the region towards eradicating plastic is expected to further accelerate the growth of the bulk bag divider market in the region during the forecast period.
How is Middle East & Africa Contributing to Growth of the Bulk Bag Divider Market?
According to Future Market Insights, the Middle East & Africa region is anticipated to witness growth at a lucrative rate over the forecast period, owing to the upsurge in the trade volume in the region.
Moreover, the growth of the bulk bag divider market in the region is expected to propel during the forecast period due to increase in packaging and chemical industries.
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Market Competition
Some of the key participants present in the global Bulk Bag Divider Market include A and M Jumbo Bags, Schoeller Allibert, CABKA Group, Brambles, PalletOne., Craemer Holding, Rehrig Pacific Company, Innova Maquinaria Industrial, Amatech Inc., and Corrugated Pallets Company, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as A and M Jumbo Bags, and Schoeller Allibert account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.
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