Global Conical Top Bulk Bag Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|錐形頂部散裝袋的全球市場：2021-2028 Global Conical Top Bulk Bag Market - 2021-2028|
|出版日期: 2021年08月12日||內容資訊: 英文 180 Pages||
Global Conical Top Bulk Bag Market Overview
The global conical top bulk bag market size was worth US$ XX billion in 2020 and is estimated to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Conical Top Bulk Bags are a form of the bulk bag, an industrial container for storing and transporting dry, non-free-flowing materials. Bulk bags with a conical top help move sticky materials like cement, paint, dry putty powder, fertilizers, clay, slurries, and other materials. Furthermore, money can be saved on expensive discharge systems by using these Bulk bags. Gravity discharge is frequently favored over any mechanical method of product discharge. The conical top bulk bags are 100 percent recyclable, giving them an advantage in the packaging business, focusing increasingly on environmentally friendly packaging solutions. Many manufacturers provide end-users the ability to customize their products; lamination and other specifications are also offered.
Conical Top Bulk Bag Dynamics
Increasing demand for conical top bulk bags from different end-users due to its excellent properties is driving the market share for the product. Rising awareness among people about environmental issues is boosting the market demand of conical top bulk bag in the recent period
Increasing demand for conical top bulk bag from different end-users due to its excellent properties is driving the market share for the product
The conical top bulk bag is in high demand among different end-users. Its features include excellent and safe transportation of goods in sift-proof bags, flexibility, durability, and collapsibility. Besides this, conical top bulk bags are convenient, offer faster loading and can unload large volumes by mechanized equipment coupled with the fast and efficient distribution. The property mentioned above creates immense demand for the product in different industries such as animal feed packaging, food packaging, construction material packaging, sand & cement packaging, and others.
Apart from this, bulk bags with conical tops are ideal for transporting hazardous materials and fine powders. The conical top bulk bags are designed for items with a high filling cone and are equipped with lifting loops, removing the need for pallets or extra packing, thereby creating immense market opportunists for the product to proliferate in the near future
Rising awareness among people about environmental issues
One of the primary reasons would be the rising awareness among people about environmental issues, creating opportunities for the market demand of conical top bulk bags in the coming years. Owing to its biodegradability, reusability, and recyclability, conical top bulk bags are gaining popularity as they add advantage in the packaging business, which is focused increasingly on environmentally friendly packaging solutions. Furthermore, increasing manufacturers' preferences towards the product is another factor projected to increase demand for conical top bulk bags in the near future. Many manufacturers provide end consumers the option of customizing their products and lamination and other specification options. Because these enormous bags are moved and stored at numerous locations, they can easily attract attention, which ends users can use to promote their items via mobile devices.
Mobile advertising feature of conical top bulk bags is creating immense opportunities for the product to proliferate in the forecast period
Companies are investing a major chunk of their revenue in marketing every year to boost their annual sales. However, as these large bags are transported and stored at various facilities, they can easily capture attention which the end-users can utilize for mobile advertising their products. Mobile advertising can help the key players target the major percentage of the audience in great demand of affordable and excellent feature holding packaging facility. Apar from this government is creating stringent norms to adopt the recyclable solution, and 100% recyclability of the product is adding more values to the growth of the product in the forecast period.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the market in 2020. The pandemic has affected various industries such as animal feed packaging, food packaging, and construction material packaging, sand & cement packaging, and others, before the 2019-2020 period. The prime reason being the demand reduction shut down of manufacturing units and supply chain disruption. A similar trend has been seen in the conical top bulk bag market, leading to severely hampering the product's market. However, the market is expected to accelerate in the coming years, leading to improve the market share of the product in the forecast period.
Conical Top Bulk Bag Market Segment Analysis
The global conical top bulk bag market is segmented on liners, capacity, safety aspect ratio, end-user and region.
Increasing demand for cement and sand from construction industry is creating lucrative opportunities for conical top bulk bag in the recent period
In terms of end-user, the global conical top bulk bag market is segmented into food packaging, chemical packaging, sand and cement packaging, construction material packaging, animal feed packaging, etc. Out of the mentioned end-users, sand and cement packaging is expected to build the highest revenue among other industries. The reason behind the significant growth of the industry is due increasing construction industry across the globe.
Sand and cement are the building block of the construction industry, which further accelerate the demand for affordable, recyclable and safe transportation packaging materials. Furthermore, increasing demand for cement is expected to increase in emerging economies such as China, India, and GCC countries, which is further expected to fuel the growth of conical top bulk bags in the forecast period.
Conical Top Bulk Bag Market Geographical Analysis
Growing industrialization, particularly in developing countries like India and China, is expected to contribute to a growth in demand for conical top bulk bags in the next years
Asia-pacific is expected to hold the highest market share for the forecast period's conical top bulk bag market. Growing industrialization, particularly in developing countries like India and China, is expected to grow in demand for conical top bulk bags in the next years. Furthermore, the presence of key players in the region is potentially responsible for creating lucrative opportunities for the product in the forecast period. North America, on the other side, is holding a major construction industry market for the past many years. Increasing investing by the government in industrialization is expected to accelerate the market share for conical top bulk bags in the coming years.
Conical Top Bulk Bag Market Competitive Landscape
The conical top bulk bag market is highly consolidated with the presence of local as well as global companies. Some of the key players contributing to the market's growth include ABC Polymer Industries, LLC, Asia Bulk Sacks Pvt. Ltd, Global Pak, Bulk Corp International, Lare fibc llc, Berry Global Inc, Alpine FIBC pvt.ltd, Vr Fibc Jumbo Bag Industries, Alpine FIBC pvt.ltd, BigBags International Pvt. Ltd. and among others.
The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the conical top bulk bag market. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.
Overview: Global-Pak is one of North America's growing FIBC suppliers. The company is importing huge volumes of FIBCs from our world-class manufacturing partners for more than 25 years. Global-Pak is based in Lisbon, Ohio, and has satellite warehouses that ship to most of the Eastern United States in 1-2 days.
Product Portfolio: The Company has a product portfolio of the conical top bulk bag, which includes-
The global pocket container market report would provide access to an approx: 69 market data table, 65 figures and 212 pages.
Target Audience 2022
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