According to Future Market Insights research, during the projected period, the global baffle bags market is set to enjoy a valuation of US$ 547.4 million in 2023, and further expand at a CAGR of 6.0% to reach US$ 978.5 million by the year 2033.
Based on fabric type, type C bags is expected to remain the leading segment of the global baffle bags market. Type C bag ensures strength, and durability and is safe to transfer flammable powders/liquids like acetone, gasoline, alcohol, etc. The type C segment is projected to hold around 40% of the market share by the end of 2023.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 547.4 million |
| Market Size 2033 | US$ 978.5 million |
| Value CAGR (2023 to 2033) | 6.0% |
| Collective Value Share: Top 3 Countries (2023E) | 20 to 25% |
The global baffle bags market holds around 10% of the global bulk bags market worth US$ 5.3 billion in 2022.
The baffle bags market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that baffle bag sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 459.2 million.
The baffle bags market is anticipated to increase 1.8 times the current market value during the forecast period.
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The global baffle bags market expanded at a CAGR of 3.8% during the historic period and reached US$ 519.3 Million in 2022.
Increasing demand from the packaging and logistics industry and versatility and flexibility for the storage and transportation of products is creating a high demand in the baffle bags market. Baffle bags are 100% recyclable and reusable are other factors, which are creating opportunities for the baffle bags market. Rising demand for packaging material among retailers and manufacturers. Baffle bags are mainly made of tough fabrics that are also lightweight because of this they are able to carry heavy bulk objects. The growth in baffle bags owing to their usage across industries like food, mining, construction, pharmaceutical, chemical, etc. It is cost-effectiveness and ease of use, and the popularity of baffle bags has increased dramatically.
The majority of businesses that use textile packaging have switched to baffle bags because they offer better protection for the materials being transported, are simpler to procure, can be easily stored when empty due to their flexible packaging, can be transported even without pallets, are less expensive, are easier to handle, and have other advantages. Transport expenses are decreased by the low package-to-product weight ratio of filled baffle bags and the lightweight and compact nature of empty baffle bags. These factors will increase the use of baffle bags in the transportation of bulk commodities, which will drive the market.
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The chemicals and fertilizers end-use segment is projected to accelerate at a CAGR of 5.6% from 2023 to 2033. Hazardous chemicals & fertilizers require protective and safe packaging since transportation of such goods may create fatal effects if not packaged carefully. The chemical industry also has a sensible aspect for packaging chemicals or adhesives. Proper packaging makes the transportation of hazardous adhesives safe and easy. Baffle bags are protective in nature and also have a strong outer layer.
The fertilizer industry is also having measures like safety and protection for the goods. Baffle bags are satisfying all the needs which are there from the chemical and fertilizer industry. Due to such required features available in the baffle bags, they have become the most preferable solution for safety measures. Thus, these two industries are boosting the baffle bags market and pushing it towards an upward trend.
The availability of different baffle bags is pushing options in front of customers to choose the best out of all. Nowadays type C bags are striking the list in terms of substantial demand from customers. These type C bags are electrically conductive bags made out of interconnected conductive threads which keep the product protected. Different end users are demanding type C fabric bags due to their unique features like safety and durability. These durable bags are capturing the overall baffle bags market. Type C bags are the preferred choice for flammable adhesives and hazardous chemicals also. The uniqueness of the characteristics of type C bags is putting these bags out of the box and helping the segment boost the overall baffle bag sales. The target segment is projected to hold around 40% of the market share by the end of 2023.
Chemicals & fertilizers are the end-use segments that offer lucrative growth opportunities in the global baffle bags. The baffle bags are extremely resistant to water, fire, contamination, chemicals, and severe external conditions and have high strength, good chemical resistance, and excellent weight-load features. Due to all these factors, the chemical industry is choosing baffle bags.
According to World integrated trade solution, states that the USA is the largest exporter of chemicals. As the largest exporter of chemicals and adhesives country requires protective and safe packaging solutions. Baffle bags are the most prominent packaging solution for the hazardous adhesives industries. The baffle bags will have sturdy growth in the USA and are projected to grow 1.9 times the current market value during the forecast period.
Germany's baffle bags market is projected to hold nearly 4.7% of the total world market for baffle bags during the forecasted years. Germany is the largest exporter of medicinal and pharmaceutical products. According to Germany Trade and Invest (GTAI), the revenue of the pharmaceutical industry in 2019 was US$ 46.4 Billion which makes Germany the biggest pharmaceutical market in Europe. The exports of pharmaceutical industries in 2018 were US$ 83.2 Billion which made the country accounts for the world’s largest exporter of medicinal products. The substantial pharmaceutical market of Germany is preferring baffle bags for the easy transportation of medical goods. Thus, the German pharmaceutical industry is boosting baffle bag sales.
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The key players operating in the baffle bags market are trying to focus on increasing their sales and revenues by expanding their capabilities to meet the growing demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on upgrading their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.0% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Capacity, Fabric Type, End Use |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Germany, Italy, France, United Kingdom, Spain, Russia, Poland, Turkey, South Africa, GCC Countries, Japan, South Korea, India, China, Australia, New Zealand |
| Key Companies Profiled | Conitex Sonoco; AmeriGlobe LLC; ABC Polymer Industries; National Bulk Bag; United Bags, Inc.; Atlantis Products Private Limited; JohnPac; Capro Industries; Plastene India Limited; Bulk Corp International; Midwestern Bag & Supply; GLOBAL-PAK, INC.; IG Industrial Plastics, LLC; Jet Tech Private Limited; PolyCover Ltd. |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global baffle bags market was US$ 519.3 million.
During the forecast period, the global baffle bags market is anticipated to expand at a CAGR of 6.0%.
The global baffle bags market is expected to reach US$ 978.5 million by the end of 2033.
During the forecast period, type C is likely to be the fastest-growing fabric type segment in the global baffle bags market.
Increasing demand from packaging and logistic industry. Rising demand for baffle bags from chemical industry.
Conitex Sonoco, AmeriGlobe LLC, GLOBAL-PAK, INC., IG Industrial Plastics, LLC, United Bags, Inc., Atlantis Products Private Limited, and others are the top players supplementing the sales of baffle bags.
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