- Developing the market for gas and oil fueled furnaces has propelled the type-C bulk bags market.
- Introduction of Type-D bags has restrained the Type-C bags market.
- The industrial furnace market is largest in Asia Pacific, followed by North America, indicating great market opportunity.
Big bags or FIBC (Flexible intermediate bulk container) bulk bags are industrial containers used to fulfill the purpose of transporting or storing of granular products in large volume. Various types of bulk bags are standardized and accepted globally according to the requirement. While filling or emptying the bags, an electrostatic charge is developed in the bags. This change might reach to a point of igniting the flammable gases and thus becomes dangerous to use in the environment with the presence of flammable substances. Type-C bulk bags are manufactured with a conductive material along with fabric which allows the bag to discharge the electrostatic charge to the ground and enable safe operation even in presence of flammable substance. Most of the manufacturing industries use furnaces for heating the raw material and thus require a regular supply of flammable substance. Leakage of this flammable substance might cause a hazard if a complete fiber bag is used. Thus, type-C bulk bags seems to be adopted by most of the manufacturing industries and propel the type-C bulk bags market.
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Gas fueled furnaces are getting popular over solid or oil fueled furnaces due to the low volume consumed by the fuel and thus resulting in easier handling of fuel. Gas pipelines are used to direct the flow of fuel to the furnace from storage. Leakage of fuel is probably in manufacturing industry once in a while and using completely fiber bag might prove to be dangerous. Thus, developing the market for gas and oil fueled furnaces has propelled the type-C bulk bags market to fulfill the requirement of transporting or storing dry flowable granular products. Type-C bulk bags needs to be grounded for discharging the charge. Thus, type-D bulk bags were introduced to overcome this challenge and has proven to be a restraint for the type-C bulk bags market. Although, small and moderate manufacturing firms find it challenging to switch over the equipment and technology due to cost considerations.
The industrial furnace market is largest in Asia Pacific, followed by North America, indicating great market opportunity in Asia Pacific and North America. Plastic industries use plastic resins in bulk and thus require bulk bags. Also, plastic industries require furnace for manufacturing of products and thus, usage of type-C bulk bags becomes a necessity. China accounts for around a quarter of global plastic production followed by Japan. Asia Pacific plastic industry indicates a great opportunity for type-C bulk bags market. Asia Pacific and North America includes most of the large manufacturing industries which are highly probable to switch to latest technology. While Latin America and Eastern Europe region consists of most of the small and moderate manufacturing industries which are more probably adhere to type-C bulk bags instead of switching to type-D bulk bags. Thus, Latin America and Eastern Europe are probably regions to be proven as an opportunity for the type-C bulk bags market. The Middle East region consists of highly developed economies and low volume producers as compared to other regions which might be proven as a restraint for type-C bulk bags market.
Few of the key players of the type-C bulk bags market are Berry Global Inc., Atlantis Products Private Limited, National Bulk Bag, Big Bulk Bags International Pvt. Ltd., Corman Bag Co., AmeriGlobe LLC., United Bulk Bags, Inc., Global-Pak, Inc, etc.
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Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.