Global PP Jumbo Bag Market is segmented By Fabric Type (Type A, Type B, Type C, Type D), By Capacity (Small, Medium, Large), By Design (U-Panel, Four Side Panels, Baffles, Circular, Cross Corner, Others), By Application (Storage, Transportation), By End-User (Food, Chemical & Fertilizer, Construction, Pharmaceuticals, Mining, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The Global "PP Jumbo Bag Market" is predicted to reach a high CAGR during the forecast period (2022-2029).
A PP jumbo bag is a type of flexible intermediate bulk container (FIBC) made of flexible fabric. It is designed to store and transport dry, flowable products, such as food, sand, fertilizer, and plastic granules. In general, it is made of thick woven strands of oriented polypropylene, either coated or uncoated.
Based on fabric type, the PP jumbo bag market is categorized into type A, type B, type C and type D. Type C, also known as conductive or groundable FIBC, is made from entirely conductive materials. They are more commonly made from non-conductive polypropylene interwoven with conducting yarns in a grid pattern. The rise in trade activities across the globe has aided the demand for PP Jumbo Bags for packaging and shipping hazardous liquids, grains, fertilizers and many others. For instance, various end-use industries are increasingly demanding PP jumbo bags.
Market Dynamics
Increasing trade activities across the globe are expected to drive the PP jumbo bag market
The rise in trade activities across the globe has aided the demand for PP Jumbo Bags for packaging and shipping hazardous liquids, grains, fertilizers and many others. For instance, various end-use industries are increasingly demanding PP jumbo bags. The chemical and goods industries are mainly fueling demand for global PP jumbo bags. Furthermore, PP Jumbo Bags can make storage and transportation, which makes it very convenient to handle and boosts the growth of the global PP Jumbo Bags market. Also, the low cost of the PP Jumbo Bags makes it a more convenient packaging solution.
Moreover, companies operating in the global PP jumbo bags market are innovating packaging solutions to cater to the demand rising from end-use industries and are focusing on new products with better properties. For instance, in 2020, Greif, Inc. released SealGuard, innovation to solve common challenges in the current FIBC applications for the Food, Pharma and Chemical industries. With SealGuard, the company embarked on creating a whole new set of material and production process technologies resulting in a more automized FIBC production.
Small-sized sealable packaging solutions is expected to hamper the PP Jumbo bag market
Nowadays, manufacturers are more inclined towards small-sized and sealable packaging solutions that can hamper the PP jumbo bags' adoption and restrain the market's growth. For instance, jug shippers are used for packaging and shipping hazardous liquids.
Moreover, shipping various temperature-sensitive liquid products and other chemicals through PP jumbo bags can lead to spoilage and deterioration during shipping and transportation. Therefore, manufacturers are investing in protective packaging solutions for temperature-sensitive and hazardous liquids. For instance, ACH Foam Technologies launched an economical wine shipping container made of expanded polystyrene that provides superior thermal performance at low-cost shipping of wine jugs.
Segment Analysis
Based on fabric type, the PP jumbo bag market is categorized into type A, type B, type C and type D.
Type A PP jumbo bags provide no static protection. They are made of woven polypropylene in which static electricity is generated as materials rub against the inside surface of the bag as they are filled and emptied. Since Type A bags provide no static protection, they mustn't be used for combustible materials or used in flammable or combustible environments.
Type B PP jumbo bags are made from materials with a low breakdown voltage to prevent highly energetic and dangerous propagating brush discharges (PBD). Although Type B PP Jumbo Bags can prevent PBD, they cannot be considered antistatic FIBC because they do not dissipate electrostatic charge.
Type C, also known as conductive or groundable FIBC, is made from entirely conductive materials. They are more commonly made from non-conductive polypropylene interwoven with conducting yarns in a grid pattern. Type D PP jumbo bags are made from static protective fabric designed to safely prevent the occurrence of dangerous sparks, brush discharges without the need for a connection from the PP Jumbo Bag to the ground or earth.
Geographical Analysis
Based on the geography, the PP jumbo bag market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa.
Asia-Pacific dominates the building & construction adhesive market with the growing construction and infrastructure industries in countries like China and India
Asia-Pacific region dominates the global PP jumbo bag market share with growing construction activities in countries such as China, India and other ASEAN Countries. For instance, the Chinese government has massive construction plans, including making provisions for the movement of 250 million people to its new megacities during the next ten years. In addition, as per the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year.
Moreover, in 2017, the Indian government announced an investment worth USD 31,650 billion to construct 100 cities under the smart cities plan. Over the five years, one hundred smart cities and 500 cities are likely to invite investments worth ~USD 28.18 billion. Approximately, 9% of India's GDP is spent on infrastructural services. India's government has given enormous momentum to the infrastructural sector by allocating ~USD 92.22 under the Union Budget 2018-2019. Hence, with the growing construction activities and infrastructure, PP jumbo bags' demand is expected to increase over the forecast period rapidly
Competitive Landscape
The PP jumbo bag market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Greif, Inc., Bulk Corp International, Rishi FIBC Solutions PVT. Ltd, Woven International, K.S. Plastic Industries, A & M Jumbo Bags, ABC Polymer Industries, LLC, Global-Pak Inc., Asia Bulk Sacks Pvt. Ltd, UNOVEL INDUSTRIES PVT LTD, Manyan Inc., Big Bags International Pvt. Ltd., VR FIBC BULK BAG INDUSTRIES among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the PP jumbo bag market globally.
Greif, Inc.
Overview: Greif, Inc. is a global industrial packaging and services company. The company headquarters is in Ohio, US. The company has a global presence, with 290 locations in 43 countries.
Product Portfolio: The company produces steel, plastic and fiber drums, intermediate bulk containers, flexible products, uncoated recycled paperboard, containerboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products.
Key Developments:
- In 2020, Greif, Inc. released SealGuard, innovation to solve common challenges in the current FIBC applications for the Food, Pharma and Chemical industries. With SealGuard, the company embarked on creating a whole new set of material and production process technologies resulting in a more automized FIBC production.
The global PP jumbo bag market report would provide access to an approx. 77 market data tables, 76 figures and 180 pages.
