The Type-C bulk bags market is predicted to expand at a CAGR of 6.1% from 2022 to 2032 and is expected to reach US$ 3855.41 million by 2022. The market for type C-bulk bags is expected to reach US$ 6969.86 million by 2032.
The type-C bulk bags market is expected to be fiercely competitive among various key players. This market includes a number of well-established players who specialise in manufacturing type-C bulk bags. Given the demand for type-C bulk bags and the potential for growth, many small and local players are entering the market, generating revenue for the type-C bulk bags market.
Increasing demand for type-C bulk bags is expected during the forecast period, owing to the growth of key end-use industries such as food, pharmaceutical, and chemicals, among others. The key players intend to increase their investment opportunities in continuing to expand their presence and working to develop their product portfolio by attempting to launch bulk bags in the market.
The key players announce the opening of a second plant for FIBC production in order to expand their presence and meet demand.
According to reports, a seal guard company approached by FIBCs had the next customer-centric innovations, which resulted in lower production costs and increased ease of use. This also benefited the use of intermediate and long-lasting materials that could be used alongside FDA-approved materials that consumers could easily use and consume.
Another company introduced an organisation that not only improved the ease of use and stability of pallets but also approved long-lasting woven materials.
Market participants have joined forces to launch shampoo and conditioner bottles made entirely of recycled plastic. The firms' founders hope to be at the forefront of reducing the amount of plastic waste from personal care products entering landfills by repurposing existing plastic rather than creating new plastic.
As an industry leader in sustainability, the company is committed to making a positive environmental impact through streamlined operations, continuously engaged partners, and optimised products. The HDPE bottle is made with 100% PCR at its manufacturing facility.
The company has launched a new partnership journal in intensive care medicine. The company has agreed to provide publishing services for an institution's new journal, Intensive Care Research (ICRES). ICRES will be the second Chinese partnership journal in their portfolio. The hospital is a teaching hospital with over 10,000 beds and large annual revenue.
Market participants are making acquisitions, which strengthens its position as the leading conference proceedings publisher and its overall leadership in open-access publishing. The company believes that the acquisition is a perfect strategic fit for the company and will provide an excellent opportunity for further business growth through its global networks.
| Attributes | Details |
|---|---|
| Type-C Bulk Bags Market Value (2022) | US$ 3855.41 million |
| Type-C Bulk Bags Market Value (2032) | US$ 6969.86 million |
| CAGR (2022 to 2032) | 6.1% |
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Big bags or FIBC (Flexible intermediate bulk container) bulk bags are industrial containers used to fulfill the purpose of transporting or storing of granular products in large volume. Various types of bulk bags are standardized and accepted globally according to the requirement. While filling or emptying the bags, an electrostatic charge is developed in the bags.
This change might reach to a point of igniting the flammable gases and thus becomes dangerous to use in the environment with the presence of flammable substances. Type-C bulk bags are manufactured with a conductive material along with fabric which allows the bag to discharge the electrostatic charge to the ground and enable safe operation even in presence of flammable substance.
Most of the manufacturing industries use furnaces for heating the raw material and thus require a regular supply of flammable substance. Leakage of this flammable substance might cause a hazard if a complete fiber bag is used. Thus, type-C bulk bags seems to be adopted by most of the manufacturing industries and propel the type-C bulk bags market.
Gas fueled furnaces are getting popular over solid or oil fueled furnaces due to the low volume consumed by the fuel and thus resulting in easier handling of fuel. Gas pipelines are used to direct the flow of fuel to the furnace from storage. Leakage of fuel is probably in manufacturing industry once in a while and using completely fiber bag might prove to be dangerous.
Thus, developing the market for gas and oil fueled furnaces has propelled the type-C bulk bags market to fulfill the requirement of transporting or storing dry flowable granular products. Type-C bulk bags needs to be grounded for discharging the charge.
Thus, type-D bulk bags were introduced to overcome this challenge and has proven to be a restraint for the type-C bulk bags market. Although, small and moderate manufacturing firms find it challenging to switch over the equipment and technology due to cost considerations.
Principal Consultant
The industrial furnace market is largest in Asia Pacific, followed by North America, indicating great market opportunity in Asia Pacific and North America. Plastic industries use plastic resins in bulk and thus require bulk bags. Also, plastic industries require furnace for manufacturing of products and thus, usage of type-C bulk bags becomes a necessity.
China accounts for around a quarter of global plastic production followed by Japan. Asia Pacific plastic industry indicates a great opportunity for type-C bulk bags market. Asia Pacific and North America includes most of the large manufacturing industries which are highly probable to switch to latest technology.
While Latin America and Eastern Europe region consists of most of the small and moderate manufacturing industries which are more probably adhere to type-C bulk bags instead of switching to type-D bulk bags.
Thus, Latin America and Eastern Europe are probably regions to be proven as an opportunity for the type-C bulk bags market. The Middle East region consists of highly developed economies and low volume producers as compared to other regions which might be proven as a restraint for type-C bulk bags market.
Few of the key players of the type-C bulk bags market are Berry Global Inc., Atlantis Products Private Limited, National Bulk Bag, Big Bulk Bags International Pvt. Ltd., Corman Bag Co., AmeriGlobe LLC., United Bulk Bags, Inc., Global-Pak, Inc, etc.
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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.
The market is likely to register a CAGR of 6.1% through 2032.
The market is currently valued at US$ 3855.41 Mn in 2022.
The market is likely to grow to a valuation of US$ 6969.86 Mn by 2032.
Asia Pacific is likely to be a leading market during the forecast period.
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Type-C Bulk Bags Market
