PE Jumbo Bags Market Forecast and CAGR
The global sales of jumbo bags are expected to grow at 6.1% over the forecast period. The increased demand for environmentally friendly flexible packaging is one of the major driver driving the growth of PE jumbo bags.
Furthermore, rising demand for PE jumbo bags due to their ease of transportation and use as both primary and secondary packaging is a major factor propelling the PE jumbo bags market forward.
What Is Driving the PE Jumbo Bags Industry?
As polyethene is a thermoplastic material created by polymerizing propylene and has no negative impact on the environment. It is a heavier duty material that can resist significantly greater weights and prevents leaks, dust and moisture from entering the bag, both solid and liquid items are packaged in PE jumbo bags.
Additionally, its liners make bulk bags practically impermeable, preventing contamination. PE jumbo bags are moisture resistant, UV resistant and also comes in various types such as open to, sprout top, duffle top. Jumbo bags are also custom made according to the requirements of the end-user.
All of these characteristics have led to an increase in its use in a variety of industries for better storage. Another aspect driving market expansion is the reusability of PE Jumbo bags. Furthermore, the target market's expansion is likely to be aided by the availability of numerous types of PE jumbo bags over the forecast period.
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The US and Canada Demand Outlook for PE Jumbo Bags Market
North America is likely to account for a significant percentage of the PE jumbo bag market shortly. PE jumbo bags are in high demand in the United States and Canada, because of an increasing push toward sustainability among the population.
Furthermore, substantial developments in the PE jumbo bags market have been made as a consequence of growing technical breakthroughs and R&D initiatives by key manufacturers in the United States and Canada to develop environmentally friendly packaging materials.
Europe PE Jumbo Bags Market Outlook
Europe accounts for a sizable market share of the PE jumbo bag market, thanks to the region's rising desire for uniform packaging, which has fueled demand for PE jumbo bags. Additionally, the presence of leading manufacturers benefits the PE jumbo bag market.
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China PE Jumbo Bags Market Outlook
China is the world's largest chemical producer, accounting for a significant share in the global chemical sales. The chemical sector is a substantial portion of the numerous end-use industries that use PE jumbo bags. As the chemical industry expands, it drives the demand for PE jumbo bags all around the world.
Moreover, the need for PE jumbo bags is being driven by the growing desire for flexible packaging in bulk material transportation.
PE Jumbo Bags Market: Key Players
Some key manufacturers operating the business in the PE jumbo bags market globally include
- AmeriGlobe L.L.C
- Emmbi Industries Ltd
- Berry Global Group Inc.
- Langston Companies Inc
- LC Packaging International BV
- Conitex Sonoco
- Greif Inc.
- Intertape Polymer Group
- Jumbo Bag Ltd
- Al-Tawfiq Company
From a manufacturing standpoint, PE jumbo bags with a U-Panel design aid in obtaining economies of scale. The U-Panel PE jumbo bags are designed in such a way that they keep their square shape when filled. Furthermore, this functionality aids many end-user companies in meeting their bulk filling and packaging requirements.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
PE Jumbo Bags Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Note: Although care has been taken to maintain the highest levels of accuracy in FMI’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
PE Jumbo Bags: Market Segmentation
Based on capacity, the global PE jumbo bags market can be segmented as:
- Less than 200 kg
- 200 kg- 750 kg
- 750 kg – 1500 kg
- 1500 kg and above
Based on the design, the global PE jumbo bags market can be segmented as:
- Four Side Panel
- U-Panel Bag
- Cross Corner
- Circular/ Tabular
Based on end-use, the global PE jumbo bags market can be segmented as:
- Building & Construction
- Chemicals & Fertilizers
- Food Products & Agriculture
- Others (Mining)
Based on the region, the global PE jumbo bags market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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