PP JUMBO BAGS MARKET ANALYSIS

Pp Jumbo Bags MarketSize and Trends

MARKET DYNAMICS

• Increasing demand for convenient packaging bags for handling and transportation of industrial materials is fueling demand for polypropylene jumbo bags in agriculture, fertilizers, food, chemicals, and other end-use industries. Moreover, properties such as good electric insulation, durability, UV stability, excellent tensile strength, and less shipping cost are increasing popularity of these bags in these industries.
• Additionally, used PP jumbo bags can be recycled effectively and further repurposed into plastic applications such as trays, cables, and auto parts. Moreover, these bags can be reused by proper cleaning and inspection. Such factors are enhancing sustainability as well as circular economy and reducing plastic waste generation.

GLOBAL PP JUMBO BAGS MARKET OUTLOOK

• Regular PP jumbo bags segment accounted for the largest share in the global PP jumbo bags market in 2018. This is owing to lesser cost and increasing adoption of regular PP jumbo bags in fertilizers & construction material transport. The segment is projected to lead the market over the forecast period (2019-2027).
• Asia Pacific is expected to be the fastest-growing region in the global PP jumbo bags market during the forecast period. Favorable growth of end-use industries such as agriculture, chemical, and food. in the region is creating potential opportunities for growth of the market. For instance, according to the India Brand Equity Foundation (IBEF) report, the chemical industry in India is projected to reach US$ 300 billion by end of 2025.