The global jumbo bags market would surpass a valuation of USD 6.1 billion in 2023. It would further expand at a CAGR of 4.2% from 2023 to 2033. Jumbo bags sales are predicted to exceed a valuation of USD 9.9 billion by 2033.
Jumbo bags sales would bolster and top 5 companies would hold around 15% of share by 2023. Building and construction industry is expanding due to rapid infrastructural developments.
Rising urbanization and population growth are also directly boosting sales of jumbo bags. The target segment would expand by 1.8 times the current value during the forecast period.
The global jumbo bags industry forms around 33% of the global bulk packaging market. The latter was worth USD 18 billion in 2022.
The jumbo bags market revenue accounted for USD 5.9 billion in 2022. Advancement in technology, packaging goals, and wide applicability would push demand.
From 2023 to 2033, the market would generate an attractive incremental growth opportunity of USD 3.8 billion. Growing demand for flexible packaging formats among various industries would propel demand.
Innovation in the flexible packaging industry has opened doors for various manufacturers to switch from rigid packaging formats. Demand for durable, cost efficient, and less space consuming packaging would surge.
This type of packaging ensures safe transportation. Hence, the market would expand 1.6 times the current value during the forecast period.
Use of bio-based materials for the manufacturing of jumbo bags is currently trending. It would impact global sales.
Shift toward bio-based materials for the manufacturing of jumbo bags from toxic plastic is creating new growth opportunities. Stringent government regulations and environmental concerns have unlocked new opportunities for manufacturers. Key jumbo bags manufacturers are striving ahead toward innovation.
Several manufacturers have already launched sustainable jumbo bags. However, rest of the key players are undergoing rigorous research and development activities to meet sustainability needs.
| Attributes | Key Insights |
|---|---|
| Jumbo Bags Market Estimated Size (2023E) | USD 6.1 billion |
| Projected Market Valuation (2033F) | USD 9.9 billion |
| Value-based CAGR (2023 to 2033) | 4.2% |
| Collective Value Share: Top 3 Countries (2023E) | 45% |
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Jumbo bags are the ideal solution for transportation and temporary storage of bulk goods. These bags require less storage space and cost efficiency. They are stackable and barely have a volume of their own.
They nullify the need for secondary packaging. The product is already protected and contained. Jumbo bags are highly customizable and printable to suit the marketing demand from several brands.
Rising export of jumbo bags all over the world, especially from emerging economies is influencing expansion. The chemicals & fertilizers segment would expand at a CAGR of 4.8% in the forecast period.
Jumbo bags manufacturers have good opportunities at present. Expenditure on bulk packaging and safe delivery by end users is rising rapidly. Industries such as food products & agriculture, building & construction, and pharmaceuticals would create a combined incremental opportunity of USD 1.3 billion by 2033.
Need for versatile and customized bags with damage-proof shipping characteristics would expand in the forecast period. It is resulting in soaring demand for jumbo bags.
End users are targeting one solution to address sustainability. Hence, manufacturers are shifting toward bio-based materials for producing jumbo bags.
Jumbo Plastic Shopping Bags to Showcase High Demand with Surging Bulk Material Transportation
Stringent Industry Standards to Fuel U-Panel Jumbo Bag Sales Worldwide
Principal Consultant
| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 4.2% |
| Jul to Dec (H2), 2022 (A) | 3.8% |
| Jan to Jun (H1), 2022 Projected (P) | 4.4% |
| Jan to Jun (H1), 2022 Outlook (O) | 4.8% |
| Jul to Dec (H2), 2022 Outlook (O) | 4.3% |
| Jul to Dec (H2), 2022 Projected (P) | 4.1% |
| Jan to Jun (H1), 2023 Projected (P) | 4.2% |
| BPS Change : H1,2022 (O) to H1,2022 (P) | 40 ↑ |
| BPS Change : H1,2022 (O) to H1,2021 (A) | 60 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (P) | 20 ↑ |
| BPS Change: H2, 2022 (O) to H2, 2022 (A) | 50 ↑ |
| Country | USA |
|---|---|
| Market Share (2023) | 20.4% |
| Market Share (2033) | 19.6% |
| BPS Analysis | -80 |
| Country | China |
|---|---|
| Market Share (2023) | 7.6% |
| Market Share (2033) | 9.6% |
| BPS Analysis | 200 |
| Country | Germany |
|---|---|
| Market Share (2023) | 4.5% |
| Market Share (2033) | 4.7% |
| BPS Analysis | 10 |
| Country | Canada |
|---|---|
| Market Share (2023) | 3.9% |
| Market Share (2033) | 3.7% |
| BPS Analysis | -20 |
| Country | India |
|---|---|
| Market Share (2023) | 4.1% |
| Market Share (2033) | 4.6% |
| BPS Analysis | 50 |
Jumbo Vacuum Storage Bags to Witness High Sales with Rising Construction Projects in the USA
Future Market Insights found that the USA market would outbid other countries. It is estimated to reach over USD 1 billion in the next ten years.
Jumbo bags are mainly preferred for transporting powder, granular, and scattered materials. They are required in building and construction activities.
The USA is widespread for its infrastructure development and booming construction industry. The USA government has taken initiatives for mega infrastructure and construction projects.
Few of them are California High-Speed Rail, Sound Transit 3 construction, and the Hudson Yards, among others. They require raw material supply in huge quantities. The country needs to complete new projects and initiate effective infrastructure development. Such developments would contribute to increasing sales opportunities for key players.
Rising Export of Chemicals from China to Call for Robust Jumbo Canvas Storage Bags
As per Future Market Insights, China is the second-largest market for jumbo bags. The country would expand 1.8 times of current value during the estimated period.
Massive consumption of jumbo bags was witnessed in the past year. It is attributed to increasing trade activities by China-based manufacturers and suppliers. As per the European Chemical Industry Council (Cefic AISBL), China dominated in terms of chemical production and sales in 2020. It also exported a significant portion of this to the rest of the countries.
The export of chemicals and fertilizers with high precautions and minimum wastage requires strong bulk bags. Hence, key players in China are focusing on increasing the durability and strength of jumbo bags. These will have heavy load-carrying capacity.
Cost of production, raw material availability, and labour charges are less in China, as compared to developed countries. It would result in two-fold investments by international key players in the China market for increasing shares.
High Demand for Chemicals in Germany to Propel Demand for Extra Large Shipping Bags
Germany's jumbo bags market size would outpace other countries in Europe during the forecast period. Growth is attributed to the expansion of the pharmaceutical industry and increasing trade of medicinal & pharmaceutical products. As per Eurostats, trade of medicinal and pharmaceutical products reached USD 255.3 billion. These products worth USD 108.2 billion were imported in 2021.
Among all European Union members, Germany was the largest exporter of pharma and medicinal products in 2021. The inclusion of new technologies in the pharmaceutical industry would propel sales in the market.
Investment in research and development activities would result in increasing production & export of pharmaceutical products to various countries. Development in the German pharmaceutical industry would create potential growth in the jumbo bags industry.
Germany also plays a significant role in attaining global chemical demand. The German chemical industry gives investors fertile ground for both manufacturing and product development.
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Demand for Type C Jumbo Storage Bags to Skyrocket by 2033 with High Affordability
Type C jumbo bags would hold 42.9% of the global jumbo bags market share by 2033. It would expand by +200 BPS during the forecast period. As per Future Market Insights, growth is due to low cost, space saving feature, and overall protection of combustible bulk items.
Type C jumbo bags are adaptable and optimize handling & transportation. Such a flexible packaging format improves material handling system and supply chain. Jumbo bags are made up of woven fibers.
Hence, there is a high chance that they may cause electrostatic discharge at the inner or outer surface. Static energy, which is created at the time of filling and discharging these bags, can also generate the same.
As per Future Market Insights, high profitability margin is expected with expanded use of type C jumbo bags. These are also cost efficient. The segment would expand at a CAGR of 6.5% in the next ten years.
U-panel Jumbo Vacuum Bags to Exhibit High Sales amid Strict Product Packaging Norms
High demand for flexible packaging added with industry standards would rule the packaging industry. Key industries are inclining toward U-panel design jumbo bags. They offer high durability and do not let the half-filled jumbo bag to sink.
According to the International Confederation of Plastics Packaging Manufacturers, safe working load criteria should be fulfilled by jumbo bags. It makes them ideal for bulk packaging as per the industry norms.
U-Panel jumbo bags are accepted in the construction industry. They have high safe working loads (SWLs) and solid durability. The segment would expand by 1.8 times from 2023 to 2033.
Jumbo Canvas Storage Bags with Capacity of 200 kg to 750 kg to Witness High Demand
Jumbo bags are manufactured in various sizes which fulfill end users’ demand by customization. Jumbo bags with a capacity of 200 kg to 750 kg are highly opted in the market.
The segment would create an incremental dollar opportunity of USD 2.7 billion by 2033. Ongoing advancements in light-weighting technology would push sales. Increased capacities continue to improve demand for jumbo bags even further.
Leading players in the jumbo bags market faced a reduction in sales and share during the pandemic. Currently, these players are gaining market shares by developing new products. Recent activities and mergers implemented by renowned players in the jumbo bags industry are
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 6.1 billion |
| Projected Market Valuation (2033) | USD 9.9 billion |
| Value-based CAGR (2023 to 2033) | 4.2% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) |
| Segments Covered | Bag Type, Capacity, Design, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, BENELUX, Poland, Russia, China, Japan, India, Association of Southeast Asian Nations, Brazil, Mexico, Australia, New Zealand, Gulf Cooperation Council Countries, Türkiye, Northern Africa, South Africa |
| Key Companies Profiled | Berry Global Group, Inc.; Greif Inc.; Conitex Sonoco; AmeriGlobe L.L.C; PT. WIHARTA KARYA AGUNG; BAG Corp; Halsted Corporation; Intertape Polymer Group; Emmbi Industries Ltd; LC Packaging International BV; Rishi FIBC Solutions Pvt. Ltd; Jumbo Bag Ltd.; Bulk Lift International; Sackmaker J&HM Dickson Ltd; Manicardi Srl; United Bags Inc.; Nier Systems Inc.; Composite Containers LLC; Bulk Pack Inc.; JohnPac LLC; Palmetto Industries International Inc.; GLOBAL-PAK, INC.; Blue Line Industries LLC; Langston Companies Inc. |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The growth potential of the jumbo bags market is 4.2% through 2033.
The adoption of alternative bags is likely to limit market growth.
The United States is likely to capture a share of 20.4% in 2023.
The current market valuation is USD 6.1 billion in 2023.
The market is likely to secure a valuation of USD 9.9 billion by 2033.
1. Executive Summary | Jumbo Bags Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2015 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (Value in US$ billion) Analysis 2015 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Bag Type 9.1. Type A 9.2. Type B 9.3. Type C 9.4. Type D 10. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Capacity 10.1. Less than 200 kg 10.2. 200 kg to 750 kg 10.3. 750 kg to 1500 kg 10.4. Above 1500 kg 11. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Design 11.1. U-Panel Bag 11.2. Four Side Panel 11.3. Baffle 11.4. Circular/ Tabular 11.5. Cross Corner 12. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By End Use 12.1. Building & Construction 12.2. Chemicals & Fertilizers 12.3. Food Products & Agriculture 12.4. Pharmaceuticals 13. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. Middle East and Africa 13.5. East Asia 13.6. South Asia 13.7. Oceania 14. North America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2015 to 2022 and Forecast 2023 to 2033 17. South Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 18. East Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 19. Oceania Market Analysis 2015 to 2022 and Forecast 2023 to 2033 20. Middle East and Africa Market Analysis 2015 to 2022 and Forecast 2023 to 2033 21. Market Country wise Analysis 2023 & 2033 22. Market Structure Analysis 23. Competition Analysis 23.1. Berry Global Group, Inc. 23.2. Greif Inc. 23.3. Conitex Sonoco 23.4. AmeriGlobe L.L.C. 23.5. PT. WIHARTA KARYA AGUNG 23.6. BAG Corp. 23.7. Halsted Corporation 23.8. Intertape Polymer Group 23.9. Emmbi Industries Ltd. 23.10. LC Packaging International BV 23.11. Rishi FIBC Solutions Pvt. Ltd. 23.12. Langston Companies Inc. 23.13. Jumbo Bag Ltd. 23.14. Bulk Lift International 23.15. Sackmaker J&HM Dickson Ltd. 23.16. Manicardi Srl 23.17. United Bags Inc. 23.18. Nier Systems Inc. 23.19. Composite Containers LLC 23.20. Bulk Pack Inc. 23.21. JohnPac LLC 23.22. Palmetto Industries International Inc. 23.23. GLOBAL-PAK, INC. 23.24. Blue Line Industries LLC 24. Assumptions and Acronyms Used 25. Research Methodology
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Jumbo Bags Market
