Global Conical Top Bulk Bag Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Conical Top Bulk Bag can be defined as flexible packaging solution. These bulk bags shaped as a cone at the top. These bags are utilized to store and transport dry non-free flowing materials such as cement. These bags are made from polypropylene resins. Conical top bulk bags are used across different industrial applications such as Food Packaging, Chemical Packaging, Sand and Cement Packaging, Construction Material Packaging and animal Feed Packaging among others. The rising demand for flexible packaging solutions and growing construction Sector as well as increasing adoption from end use industries are factors that are accelerating the global market demand. For instance, according to Statista - during 2020, the global market for flexible packaging solutions was estimated at USD 42.64 billion, and this amount is projected to grow to USD 56.3 billion by 2025. Furthermore, as per Statista - in 2020, value of new constructions projects put in place in the United States were estimated at USD 1500 billion, and it is projected to grow to USD 2000 billion by end of 2025 . Also, growing logistics and transportation sector and rising animal feed market are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, rising concern over deforestation and increasing demand for fire & leak proof bulk bags impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Conical Top Bulk Bag Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing demand for flexible packaging formats and rising chemicals industry. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of animal feed industry and rising logistics sector in the region, would create lucrative growth prospects for the global Conical Top Bulk Bag Market across the Asia Pacific region.
Major market players included in this report are:
ABC Polymer Industries, LLC
Global Pak
Asia Bulk Sacks Pvt. Ltd.
Unovel Industries Pvt Ltd
Manyan Inc.
BigBags International Pvt. Ltd.
Alpine FIBC pvt.ltd.
Vr Fibc Jumbo Bag Industries
Berry Global, Inc.
Lare fibc llc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Liners
Baffled Liner with Flanges
Form Fit liner with Horizontal Flanges
Form Fit Liner with Vertical Flanges
Form Fit with Tabs
By Capacity
From 500 kg to 1 Ton
1 Ton to 2.5 Ton
By Safety Aspect Ratio
5:1
6:1
By End Users
Food Packaging
Chemical Packaging
Sand and Cement Packaging
Construction Material Packaging
Animal Feed Packaging
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Conical Top Bulk Bag Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors