The heavy duty bulk bags market is projected to grow at a CAGR of 6.80% during the forecast period 2018-2023. As per the heavy duty bulk bags market research report, the global market for bulk bags is anticipated to grow rapidly USD 4956.7 million by 2028. As per analysts, high adoption rate of the bulk bags along with the rise in utility of baffles will drive the market growth throughout the forecast period. The heavy duty bulk bags market research report provides an in-depth analysis of the global heavy duty bulk bags market and its design, capacity, type, and end-use segments. The dwindling price of the raw materials as well as undeveloped infrastructure are the factors which could affect the heavy duty bulk bags market growth during the forecast period 2018-2023. The heavy duty bulk bags market research report by expert analysts is intended to help companies in the heavy duty bulk bags market.
Market Segmentation
The global heavy duty bulk bags market has been segmented based on design, capacity, type, and end-use. On the basis of design, the market for bulk bags is segmented based on baffles, circular/tabular, cross corners, four side panels, u-panel bags, others. Additionally, the market on the basis of capacity, is segmented into small up to 0.75 cu.m, medium 0.75 to 1.5 cu.m, large above 1.5 cu.m. The global market for bulk bags is also covered based on type segment which is further split into Type A, Type B, Type C, Type D. On the basis of end-use, the market for bulk bags is segmented based on construction, food, mining, pharmaceuticals, chemicals & fertilizers, others.
Key influences such as dependence on conventional packaging could obstruct the heavy duty bulk bags market growth. However, as per the heavy duty bulk bags market research report, environmentally-efficient nature as well as technological advancements will drive growth during the forecast period 2018-2023. These key growth factors will help support the heavy duty bulk bags market growth at a high CAGR. The segmental analysis of design, capacity, type, and end-use segments as well as regional market analysis has been presented in the global heavy duty bulk bags market research report. Analysts studying the heavy duty bulk bags market have presented projections in the heavy duty bulk bags market research report assisting heavy duty bulk bags market-based companies in numerous ways. The heavy duty bulk bags market research report offers crucial details about the heavy duty bulk bags market based on the data and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for bulk bags are primarily covered in the global heavy duty bulk bags market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level heavy duty bulk bags markets are covered in the report. In Asia-Pacific (APAC) region, the country-level heavy duty bulk bags markets covered are China, India, Japan, and others. The heavy duty bulk bags market research report also covers the regional market for bulk bags spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The heavy duty bulk bags market research report further explores other regional markets from the rest of the world including heavy duty bulk bags markets of the Middle East and Africa. As per the global heavy duty bulk bags market research report.
Competitive Landscape
New technologies as well as innovative designs are expected to accelerate the heavy duty bulk bags market growth worldwide. The global heavy duty bulk bags market is set to witness challenges including high price of raw material and weak supply chain in some countries, however, companies in the heavy duty bulk bags market will sustain the growth rate. The heavy duty bulk bags market research report also offers company profiles of key players operating in the heavy duty bulk bags market around the world. Additionally, the global heavy duty bulk bags market report provides detailed analysis of the market based on primary and secondary research data collected from the heavy duty bulk bags market’s key decision makers as well as stakeholders. The heavy duty bulk bags market research report covers all such factors assisting companies in the heavy duty bulk bags market to improve their plans and portfolio.
Industry News
Goya Foods was founded in the year 1936 and is now the biggest Hispanic food corporation in the United States. It is imported into Mexico, Spain, Central and South America and the Caribbean by ingredients from all over the world to produce more than 2,500 food products of traditional Latin cuisine. In 2015, the company opened its new office in Jersey City, NJ. At the same time it invested in Secaucus' existing department store. According to Luis Valencia, the current plant engineer, the site is 240,000 sq ft four times bigger than the previous plant and eliminates some long-term bottlenecks.
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