Future Market Insights (FMI) delivers key insights on the global PP
jumbo bags market in its published report titled “PP Jumbo Bags Market:
Global Industry Analysis (2013-2017) & Opportunity Assessment
(2018-2028)”. In terms of revenue, the global PP jumbo bags market is
estimated to grow at a CAGR of 5.4% during the forecast period, owing to
numerous factors on which FMI sheds light in this report. In the global
PP jumbo bags market, North America is expected to outpace Western
Europe by the end of the forecast period.
PP jumbo bags are made of thick woven polypropylene and used for
storage and transportation of agriculture, food, chemical, fertilizers,
building & construction, pharmaceuticals, and other industrial
products. The capacity of PP jumbo bags ranges from 200 kg to 2000 kg.
However, some specialty bags which can hold more than 2000 kg can be
manufactured as well. PP jumbo bags are highly customized and come in
any size as per customer requirements. Hence, its design and capacity
totally depend upon the type of application. The PP jumbo bags made from
woven polypropylene are completely recyclable and ensure no negative
impact on the environment.
In this report, Future Market Insights suggests that PP jumbo bags
will play a major role in agriculture & food industry during the
forecast period. Increasing adoption of flexible packaging in bulk
material transportation is also driving the demand of PP jumbo bags.
Also, export of PP jumbo bags from Asian countries to Europe is
increasing. This factor is expected to propel the global PP jumbo bags
market during the forecast period. Current and future demand from the
chemical industry is increasing the demand of PP jumbo bags. With the
growth in the chemical industry, the demand of PP jumbo bags is rising
across the world.
The growth of PP jumbo bags can mainly be attributed to the
contributions from emerging economies, such as countries in the Western
Europe region – Germany & U.K. Germany is expected to be at the
forefront, spearheading the growth of the PP jumbo bags market, during
the forecast period. According to the research by Future Market
Insights, the German PP jumbo bags market has witnessed rapid growth in
the past couple of decades. PP jumbo bags are preferred over other forms
of packaging. Majority of organizations which use textile packaging
have shifted to PP jumbo bags due to better protection of materials that
are transported and ease of procurement. The empty jumbo bags can be
easily stored and transported even without pallets, ensuring low cost of
transportation, convenient handling, and other features.
Companies involved in the manufacturing of PP jumbo bags are focusing
on enhancing their production capacity by establishing new production
units. The manufacturers of PP jumbo bags are likely to eye the
lucrative regions of North America as well as APEJ regions in the coming
years. Some of the key drivers for the growth of the global PP jumbo
bags market include growing demand from agriculture & food industry.
Of the various end-use industries that use PP jumbo bags, agriculture
& food dominates the global PP jumbo bags market. There is
increasing penetration of flexible packaging as compared to rigid
packaging in bulk material transportation. The North American PP jumbo
bags market is expected to create highest incremental $ opportunity
during the forecast period and is expected to grow at a significant pace
in the coming years. Revenue generated from the PP jumbo bags in
Western Europe is estimated to account for over 26.1% of the global PP
jumbo bags market revenue in 2018.
Key players considered in this report on global PP jumbo bags market
include Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe
LLC, BAG Corp., Halsted Corporation, Intertape Polymer Group,
Sackmakers J&HM Dickson Ltd, Emmbi Industries Ltd, and LC Packaging
International B.V.