Type C-Bulk Bags Market In-Depth Analysis on Forthcoming Development and Forecast by 2029
Transparency Market Research (TMR) provides key valuable insights for the Middle East & Africa type-C bulk bags market in its published report, which incorporate industry analysis, size, share, growth, opportunities, trends, and forecast for 2021–2029. In terms of revenue, the Middle East & Africa type-C bulk bags market is anticipated to expand 1.53 times of current market value by the end of 2029, considering the increasing demand for durable and cohesive bulk material packaging across several MEA countries. About this, TMR offers detailed insights and forecasts in the Middle East & Africa type-C bulk bags market report.
Bulk bags are the large-sized bags used to store, pack, and transport bulk materials. The bulk bags are also called jumbo bags or big bags or FIBC. The bulk bags are made of woven polypropylene material. They are available in different types such as type-A, type-B, type-C, and others. The type-C bulk bags are conductive bulk bags that are made of non-conductive fabric, which includes conductive interwoven threads. The type-C bulk bags are majorly used to carry and store flammable materials. These bags are durable, along with different properties such as efficient for flammable powders & materials, cohesive, and others, which attract manufacturers of various end-use industries. Moreover, while using type-C bulk bags, they need to be electrically grounded, which protects the material from sparking. The type-C bulk bags come in different designs as per the requirement of customers such as U-panel, four-side panel, baffle, circular, and others. The type-C bulk bags are preferred by various end-use industries, which include chemicals, pharmaceuticals, food, construction, mining, and others.
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Preference for FIBC over Other Forms of Packaging Driving Market for Type-C Bulk Bags
Most establishments, which were prior used as rigid bulk packaging solutions, have shifted to FIBC bags, owing to better protection of materials that are to be transported, as well as in easy filling and discharging options. Moreover, FIBC’s can be easily stored and transported without even the use of pallets, which makes them convenient to handle, and a low-cost solution for transportation.
Filled FIBCs have a low package to product weight ratio whereas empty FIBCs form a compact and lightweight package, which further reduces storage and transportation cost. Due to these factors, there is increasing usage of FIBCs in bulk goods transportation.
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Key Players Focusing on Increasing Production Capacity through Expansions
Owing to the growth of the key end-use industries, such as food, pharmaceutical, chemicals, etc., the mounting demand for type-C bulk bags in Middle East & Africa is projected during the forecast period. Therefore, key players are planning to increase investments in expanding their presence and developing their product portfolio by launching product under bulk bags in the market.
For Instance,
· On April 10, 2019, LC Packaging International BV announced to open its second plant in Bangladesh for FIBC production to expand its presence and to cater the demand
COVID-19 Hindering Growth of Type-C Bulk Bags Market in Middle East & Africa
The COVID-19 pandemic acted as a challenge for various end-use industries, which affected the industries economically and financially. The production and operations in end-use industries slowed down and were closed for some time, which affected the type-C bulk bags market. Moreover, the supply chain and transportation decreased due to the restriction by governments, which slowed down the transport of various bulk materials and this affected the type-C bulk bags market. Moreover, manufacturers faced challenges in terms of limited working hours, limited resources, and disturbed supply chain and now the emerging new wave of COVID is also affecting the type-C bulk bags market. Moreover, the pharmaceutical market remained unaffected, which slowly impacted the growth of the type-C bulk bags market.
However, the type-C bulk bags market is projected to grow during the forecast period with the slowdown in COVID impact, as the end-use industries will also grow. The future outlook for the food and chemical industries seems to be positive, which indirectly will affect the sales of type-C bulk bags. At the beginning of 2021, the restriction slowly was lifted, and the supply chain & transportation slowly started back, which gave a positive signal for the type-C bulk bags market growth. However, the second wave in the mid of 2021 again created a negative impact on the growth of the type-C bulk bags market. Overall, the future growth of type-C bulk bags is anticipated to rise during the forecast period, which driving the use of bulk bags in food, chemicals, pharmaceuticals, and other industries. The expansion of product portfolio & their production capacity by key players will generate revenue for the type-C bulk bags market.
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Middle East & Africa Type-C Bulk Bags Market: Competition Landscape
The Middle East & Africa type-C bulk bags market is estimated to face rigorous competition among various key players. This market includes various players who are expert in manufacturing type-C bulk bags and are well-established in the market. Considering the demand for type-C bulk bags and growth opportunities, many small and local players are entering the market, which will generate revenue for the type-C bulk bags market.
Some of the key players operating in the Middle East & Africa type-C bulk bags market are Olympic Bulk Bags Pty Ltd., LC Packaging International BV, Gulf Plastic Industries, Jumbo Plastics Industry LLC, Nice Smell Trading L.L.C, Plastochem F.Z.C., Akma Packaging Industries LLC, Anwar Makkah General Trading LLC, STARLINK Dubai LLC- NOVA Starlink, Bramani FIBC S.A., and Tufbag, among others.
The tier structure is designed based on segmental revenue and market share of companies. As per the tier structure, Tufbag, LC Packaging International BV, and Custom Bulk bags are the Tier 1 players in the Middle East & Africa type-C bulk bags market. Furthermore, Tier 2 players include Gulf Plastic Industries, Jumbo Plastics Industry LLC, Olympic Bulk Bags Pty Ltd, and some other major players. These companies hold around 15–25% of the Middle East & Africa type-C bulk bags market share.
How Type-C Bulk Bags Market will recover after covid19 https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=82303
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