The demand for conical bags packaging is estimated to rise at a CAGR of 7.5% during the forecast period. The conical bags packaging market is expected to be valued at USD 193.5 Million by 2032, up from USD 398.81 Million in 2022.
| Report Attribute | Details |
|---|---|
| Conical Bags Packaging Market Value (2022) | USD 193.5 Million |
| Conical Bags Packaging Market Anticipated Value (2032) | USD 398.81 Million |
| Conical Bags Packaging Market Projected Growth Rate (2032) | 7.5% |
The enhanced lifestyle of customers and salespeople is the primary driver of increased demand for conical bag packaging. In developing countries where branding is important, the most recent major printing, such as screen printing and digital printing, serve as the ultimate way of increasing sales of conical bag packaging.
Manufacturers frequently seek product ease and flexibility in order to reduce shipping costs for manufacturing and suppliers in the conical bag market. More sectors, including pharmaceutical, car, and general firms, have begun to use these bags, supporting the market expansion of conical bags.
Latest Trends Followed by Conical Bags Packaging Companies
Every year, businesses invest a significant portion of their income in marketing in order to increase their yearly sales. Multiple conical bag packaging manufacturers provide their customers with the option of customizing their products, as well as lamination and other specification choices.
However, since these enormous bags are moved and stored at numerous locations, they may readily attract attention that end-users can employ for mobile advertising of their items. Mobile advertising may assist essential firms in targeting the majority of the population that is in high need of economic and superior feature holding packaging facilities.
Furthermore, the government is enacting tough regulations to encourage the adoption of recyclable solutions, and the product's 100% recyclability adds extra value to the product's growth throughout the projection period.
Top manufacturers of conical bag packaging provide conical bags as a consistent packaging option in the global market. On the other hand, the usage of traditional non-biodegradable materials is harmful to the environment. As a result, local regulatory organizations have enforced stringent regulations on all conical bag makers.
Another major reason why producers use conical plastic bags is the non-availability of resin in some regions. The conical bulk bags avoid a sewing line break. These bags are designed particularly for depositing thin and loose particles such as rice and flour, as well as very dense commodities such as chemicals, minerals, and metal powders.
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Product design and development is one of the key element factor for survival for packaging manufacturer across the globe. Conical bags are one such form of innovation in flat FIBC packaging bags which renders increasing application use of granules and powder.
Moreover, conventional conical bags are a replacement for traditional baffle bags which has aided in increasing the space for product storage. In addition, conical bags are available in multiple handles which enables ease in product storage and transportation. These have advantage over bottom spout bag material which has enabled manufacturer from food and other industries to prefer conical bags over other FIBC bags.
The manufacturer is also focusing in rendering transparent conical bags which is further fueling the growth of conical bags market over the forecast period. The increasing production of food grain and increasing investment in the dry chemical is directly propelling the growth for conical bags market across the regions of APEJ which is further expected to showcase a dominant growth over the forecast period.
The increasing lifestyle pattern and of consumer and retailer is one of the prominent factor for increasing demand for conical bag packaging market. Also, with advancement in printing technology such digital printing, screen printing are an appealing branding for manufacturer which is creating a significant demand for conical bags market across the developing regions.
Moreover, with the ease of flexibility and convenience of product storage chain is reducing the logistic cost of manufacturer operating in conical bags market. Increasing application use across automobile, pharmaceutical and general industries is fueling the growth for conical bags.
Also, manufacturer are also opting for producing conical bags through sustainable packaging solution which is prominently being followed by leading manufacturers operating in APEJ market.
On the flip side the use of traditional non-biodegradable material is impacting the environment which is causing local regulatory bodies to impose stringent policies for manufacturer operating in conical bags market. Also, non-availability of resin across the regions of APEJ is a serious concern for manufacturers operating in plastic conical bags market.
Principal Consultant
Geographically, the conical bags packaging market is segmented into end user base and material type. On the basis of end user base the conical bags packaging market is segmented into food and beverage pharmaceutical, cosmetic, automobile, personal and healthcare, general industries, others.
On the other hand, the material type of the conical bags packaging market is segmented into polypropylene (PP), polyethylene (PE), Cast polypropylene (CPP), Biaxial Oriented Polypropylene (BOPP).
The global conical bags packaging market is highly concentrated across the region of APEJ with countries such as China, India and Indonesia accounting a significant market value share. With growing demand in food industry it is highly correlating in the demand for conical bags packaging market.
Moreover with the increasing application use of granules and powder are the primary factor which is expected to showcase an increasing CAGR in conical bags market across APEJ market. With regions of North America and Europe are also expected to witness a significant increase in conical bags market.
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Some of the key players operating in the global conical bags packaging market include Bulkpack Exports Ltd., PP Global Limited, Temkin International, N.H. Emballage, Brain Chamber Polymer Private Limited, A and M jumbo BAGS Pvt. Ltd., Bison Bag Co., Ltd.
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 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.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. End User Base 6.2. Material Type 7. Global Market Analysis and Forecast, By End User Base 7.1. Food and Beverage 7.2. Pharmaceutical 7.3. Cosmetic 7.4. Automobile 7.5. Personal and Healthcare 7.6. General Industries 7.7. Others 8. Global Market Analysis and Forecast, By Material Type 8.1. Polypropylene (PP) 8.2. Polyethylene (PE) 8.3. Cast Polypropylene (CPP) 8.4. Biaxial Oriented Polypropylene (BOPP) 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 15. Sales Forecast by End User Base and Material Type for 30 Countries 16. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 17. Company Profile 17.1. Bulkpack Exports Ltd. 17.2. PP Global Limited 17.3. Temkin International 17.4. N.H. Emballage 17.5. Brain Chamber Polymer Private Limited 17.6. A and M Jumbo Bags Pvt. Ltd. 17.7. Bison Bag Co., Ltd.
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Conical Bags Packaging Market
