Heavy Duty Bags & Sacks Market Report Examines Top Company Analysis Forecast
Posted by Preet on February 12th, 2020
Heavy duty bags & sacks have been gaining high demand in the past few years for their ability to sustain more weight compared to conventional bags. The global heavy duty bags & sacks market is estimated to register a 4% value CAGR over the assessment period of 2018-2028.
Steady growth of the global heavy duty bags & sacks can be attributed to the advantages of these bags including low thickness, high strength, excellent durability as well as reusability. With an ability to uphold greater volume of materials, preference for heavy duty bags & sacks is increasing across a number of end-use industries such as agriculture, chemicals & fertilizers, food & beverages, and others. These key factors are expected to be highly impactful on the expansion of heavy duty bags & sacks market.
Moreover, these bags are highly customizable and can be manufactured according to consumer requirements. Such flexibility increases the demand for heavy duty bags & sacks as the most effective packaging solution in several industrial sectors.
The heavy duty bags & sacks market report considers the following years to present the overall market growth:
- History Year: 2013-2017
- Base Year: 2013
- Estimated Year: 2028
- Forecast Year: 2018 – 2028
Key findings of the heavy duty bags & sacks market study:
- Regional breakdown of the heavy duty bags & sacks market based on predefined taxonomy.
- Innovative manufacturing processes implemented by heavy duty bags & sacks market vendors in detail.
- Region-wise and country-wise fragmentation of the heavy duty bags & sacks market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global heavy duty bags & sacks market.
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On the basis of capacity, the heavy duty bags & sacks market study consists of:
- Less than 20 kg
- 20 - 40 kg
- Above 40 kg
Plastic to Remain Dominant Material in the Global Heavy Duty Bags & Sacks Market
Based on material type, plastic is expected to maintain its superiority in the global heavy bags & sacks market, accounting for around 55% of value share, over the period between 2018 and 2028.
Plastic-based heavy duty bags & sacks are not only waterproof but also highly reliable for agricultural packaging, which in turn is predicted to act as catalysts to accelerate the growth of global heavy duty bags & sacks market.
However, stringent regulations against the use of plastic by government organizations in several countries may create hindrance in the demand for plastic as a material of choice in heavy duty bags & sacks market.
On the basis of capacity type, 20-40 kg heavy duty bags & sacks are projected to witness the maximum demand over the forecast period, backed by their ease of storage and transportation. With growing demand for bags under this capacity in automotive, construction, and other industries, the global heavy duty bags & sacks market is expected to gain high traction in the coming years.
On the basis of end use, the heavy duty bags & sacks market study incorporates:
On the basis of region, the heavy duty bags & sacks market study contains:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- MEA
- Japan
Key players analyzed in the heavy duty bags & sacks market study:
- Nihon Matai Co.,Ltd
- MegaSack Corporation
- Wooderson Packaging Ltd
- Global-Pak Inc.
- Seevent Plastics Ltd.
- Inteplast Group
- Alpha Poly Corporation
- Al-Tawfiq Company
- Segezha Group LLC
- Muscat Polymers Pvt. Ltd.
- Cromwell Polyethylene Ltd.
- LC Packaging International BV
- ProAmpac LLC
- Berry Global, Inc.
- Sonoco Products Company
- Mondi Group
Industrialization to Promote Growth of Heavy Duty Bags & Sacks Market in APEJ
Rapid growth in industrialization and construction activities, especially in emerging economies such as China and India, are likely to boost the demand for heavy duty bags & sacks in APEJ, which is anticipated to outperform Western Europe as the most lucrative region for the market through 2028.
Although the global heavy duty bags & sacks market has been forecast to maintain a positive outlook over the forecast period, more availability of alternative options such as flexible intermediate bulk containers (FIBCs) will may negatively affect the market. These containers are gaining increasing momentum among various end users of heavy duty bags & sacks, for their ability handle more heavy weight. Shift in preference toward bulk bags and their increasing demand from end users and organizations may become a daunting challenge for leading players in heavy duty bags & sacks market.
Queries addressed in the heavy duty bags & sacks market report:
- How has the global heavy duty bags & sacks market grown over the historic period of 2013-2017?
- Why are the heavy duty bags & sacks market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global heavy duty bags & sacks market?
- Which regions are displaying the fastest growth in the heavy duty bags & sacks market?
- What are the underlying micro- macroeconomic factors affecting the global heavy duty bags & sacks market?
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