Future Prospects of Heavy Duty Bags and Sacks Market will Remain Bullish

Posted by Deeksha on February 13th, 2019

Substantial production hailing from the manufacturing industry has created a robust demand for packaging, which has been addressed by heavy duty bags and sacks. Paper, being degradable in nature, is gradually replacing the most sought-after material, plastic, which in turn is anticipated to massively contribute to the growing heavy duty bags and sacks market. Demand for paper-made heavy duty bags and sacks is further fueled by the stringent laws against the utilization of plastic legislated by the government. In order to cull valuable insights on the growth prospects of heavy duty bags and sacks market, a report has been recently published, titled as, “ Heavy Duty Bags & Sacks Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028”, which has been updated in the broad report repository of Market Research Hub (MRH). According to the report, the growth of the heavy duty bags and sacks market is projected to remain positive and clock an impressive CAGR of over 4% through 2028.

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Low-density Polyethylene (LPDE) Segment to Lead the Heavy Duty Bags and Sacks Market

There has been a significant surge in the demand for the heavy duty bags and sacks, manufactured from LPDE in the chemicals and fertilizers sector, owing to its intrinsic properties such as chemical resistance, excellent tensile strength, enhanced thermal coefficient, and water absorption tendency. Additionally, demand for woven sacks that are manufactured from polypropylene, has been rising in the agricultural sector for storing the harvested crops, which can be accredited to its durability and cost-efficiency.

Heavy Duty Bags and Sacks Market: Purview of the Report

The market study on heavy duty bags and sacks market have been analyzed on the global and regional level. The report lends a holistic view on the historic, current, and futuristic trends that have a strong impact on the growth of the market. This descriptive market study comprises of historic data for the period 2013 – 2017 and precise forecast for the period 2018 – 2028. Market evaluation has been assessed and added to the report in volume (Tonnes) and value (US$ Mn). Various macroeconomic and microeconomic factors have been taken into consideration and are underlined in the weighted chapters of the report. This in-depth report lends an incisive view on the demand drivers, opportunities, threats, major trends, and recent developments in the heavy duty bags and sacks market. A strategic synopsis on the various parameters of the market such as product offerings, recent developments, total revenue, key differentiators, key strategies, and operating margins is incorporated in the report. Market attractiveness has been analyzed in this report, based on the capacity, material type, product type, end-use, and region.

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Look at the Geographical Segmentation and Competitive Dynamics of the Heavy Duty Bags and Sales Market

Geographically, the market has been analyzed on the basis of major segments of the region – North America, Latin America, Western Europe, Rest of the Eastern Europe, Asia Pacific except Japan (APEJ), Japan, and Middle East and Africa. A brief analysis on each of these regions is encapsulated in this detailed market study, in order to provide a holistic outlook of the market.

Behemoths in the heavy duty bags and sacks market consists of Sonoco Products Company, Mondi Group, Berry Global, Inc., LC Packaging International B.V., ProAmpac LLC, Muscat Polymers Pvt. Ltd, Al-Tawfiq Company, Segezha Group LLC, Wooderson Packaging Ltd,Global-Pak Inc., MegaSack Corporation, Nihon Matai Co., Ltd, and Seevent Plastics Ltd., among others. An incisive study on each of these competitors is included in the report, besides their financials, market size, product offerings, market share, and business strategy.