United States And Colombia Valve Bag Market Revenue Was $ 1594.47 Million In 2016
Valve sacks also known as valve bags are designed for high speed filling on spout packers and are usually used to hold granular products from fine powders such as cement, through to plastic polymers, crumb rubber and granular foodstuffs such as sugar. Valve sacks are available made from paper, extruded plastic (LDPE), raffia or woven polypropylene etc. This report focus on the valve bags from 20 to 100 pounds.
According to the report, United States and Colombia revenue for Valve Bag market
was valued at $ 1594.47 million in 2016, and is expected to generate revenue of $ 1751.45 million by end of 2022, growing at a CAGR of slightly above 1.47 % between 2017 and 2022. In terms of volume, the United States and Colombia consumption volume for Valve Bag stood at 5,513.73 Million Units in 2016. In the next five years, the United States and Colombia consumption volume of Valve Bag will show upward tendency further, consumption volume is expected in 2022 will be 6,847.42 Million Units.
Valve bag market concentration is low, and a large number of low-priced products will rely on imports. The report only provides 10 typical enterprises, and most companies brands name are the name of the enterprise itself. Mondi as the largest supplier of valves in the Americas, the market share of only 3.90% in 2016. With the continuous upgrading of the competitiveness of enterprises, dominating enterprises have an obvious advantage in access to market resources. With the accelerating of mergers and acquisitions, the growing of the industry concentration is the trend in the future.
Paper-based valve bag is the trend and occupied the largest market share with 58.63% in 2016.
Cement and building materials segment accounted for significant share. This segment is expected to account for 65.53% sales share in 2016. Chemicals segment accounted for 7.95% in 2016 and is exhibit high CAGR of 4.54 % from 2017 to 2022. Animal feed and Food bags segment accounted for 22.43% in 2016 and is expected to grow at a CAGR of 2.93% over the forecast period.
On the basis of end use, the cement and buildings materials segment occupied the largest sales share, attributed to the rising demand for buildings materials.
Valve bag as a wide bag type, mainly used in building materials, cement, food, animal food, chemical and other fields. Valve bags are suitable for assembly line automatic filling. After filling the stacking is neatly and packing the highest volume rate. In addition, the stimulations of the state to the real estate as well as the environmental policy requirements, the valve bags have the trend to replace other type bags in these key applications. Conservative forecast data is based on the actual situation to make the forecast to the next few years. Optimistic forecast data take into account the factors that the state strengthens policy to stimulate the potential demand for the market.