According to the research report titled ‘Global Bulk Bags Market Size study, by Capacity (Small, Medium, Large) by Fabric type(Type A, Type B, Type C, Type D)by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross Corners, Others) by End-use(Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, Others) by Filling Discharge(Open top & Flat Bottom, Duffle Top & Flat Bottom, Open Top & Spout Bottom, Spout Top & Spout Bottom)and Regional Forecasts 2021-2027’, available with Market Study Report, global bulk bags market size was worth USD 64.28 billion in 2020 and is expected to record a CAGR of 5.7% over 2021-2027, subsequently reaching USD 94.76 billion by the end of the assessment period.
 

Various benefits offered by the product like recyclability, ease of carriage, cost effectiveness, and environment-friendly nature are primarily driving global bulk bags market growth, cites the study. Besides, many companies have expressed an interest in investing in the industry expansion.
 

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For the unaware, bulk bags are non-woven jumbo bags comprising woven polypropylene fabric. They possess characteristics like heat resistance, high durability, weather resistance, safety convenience carriage, elastic material, no shrinking, and the capacity to carry a large quantity. These bags are used for both transport and storage purposes.
 

Speaking of the various verticals, the chemical industry is predicted to lead worldwide bulk bags marketplace among the several end use industries that utilize the product. The increasing product usage in industrial, agricultural, and pharmaceutical industries, has further surged product demand in industries such as mining, construction, chemicals, fertilizers, food, and others.
 

Considering factors restraining the industry expansion, inclination towards small-sized, sealable packaging options like pouches or self-seal bags is likely to act as a major challenge for businesses operating in this domain.
 

Coming to regional landscape, Latin America, North America, Asia Pacific, and Europe are the leading contributors to the overall market development. Of these, North America is projected to hold major portion of the overall market over the coming years, owing to the region’s proximity to comprehensive manufacturing businesses.
 

Prominent firms in global bulk bags market are Taihua Group, RDA Bulk Packaging Ltd., MiniBulk Bags Inc., Intertape Polymer Group, Halsted Corporation, BAG Corp., AmeriGlobe LLC, Conitex Sonoco, Greif Inc., and Berry Global Inc.