Europe Bulk Bags Market Higher Growth Rate / CAGR Over The Forecast Period By 2030
Among various end-use industries that use bulk bags , the chemical industry will emerge as dominant. According to a study by Future Market Insights (FMI), within Europe, the market is expected to surpass US$ 1.6 Bn by 2021. The expansion of the chemical industry will bolster growth opportunities for the market in Europe. Besides this, implementation of ambitious trade policies aimed at improving export of industrial goods is expected to bode well for the market. In an increasingly uncertain trade environment, free trade agreements such as CETA and EU-Japan Economic Partnership Agreement contribute to increased trade activity and foster economic growth. These policies will continue favoring the expansion of the market. Increasing adoption of flexible packaging in bulk chemicals and materials transportation, including petrochemicals, basic inorganics, polymers, specialty chemicals, consumer chemicals, and others is majorly driving the demand for bulk bags in European countries....