As per a recent survey by insightSLICE, Global jumbo bags market size is expected to reach USD 7.7 billion by 2031, exhibiting a CAGR of 5.4% during the forecast period 2021-2031.
Jumbo bags are otherwise called flexible intermediate bulk containers that are FIBCs or mass bags are made with adaptable fiber intended for capacity or transportation of dry items like seeds, manures, sand, and so forth. Jumbo bags are likewise utilized as flood hindrances and used to assemble impermanent divider in many cases. With versatility and sturdiness for conveying mass things, the adaptable packaging arrangement, for example, jumbo bags are viewed as great option. Other than this, jumbo bundling requires less extra room and offer more noteworthy expense productivity. These factors are relied upon to help expand deals of jumbo bags in coming years.
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Competitive Landscape
Some of the major players in the Jumbo Bags market are Berry Global Inc., Greif, Conitex Sonoco, AmeriGlobe LLC, J&HM Dickson Ltd., Halsted Corporation, Intertape Polymer Group, Emmbi, Inc., LC Packaging, and Others.
Players in the Jumbo Bags market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Jumbo Bags market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Jumbo Bags market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
Segmentation Overview:
Based on capacity
Based on bag type
Based on bag design
Based on End use
Users can Expect Following From this Report:
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The Jumbo Bags Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the market.
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insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions.
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