Bash script processing limited number of commands in parallel

Use the wait built-in:

process1 &
process2 &
process3 &
process4 &
wait
process5 &
process6 &
process7 &
process8 &
wait

For the above example, 4 processes process1process4 would be started in the background, and the shell would wait until those are completed before starting the next set.

From the GNU manual:

wait [jobspec or pid ...]

Wait until the child process specified by each process ID pid or job specification jobspec exits and return the exit status of the last
command waited for. If a job spec is given, all processes in the job
are waited for. If no arguments are given, all currently active child
processes are waited for, and the return status is zero. If neither
jobspec nor pid specifies an active child process of the shell, the
return status is 127.

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