Global demand for heavy duty bags & sacks is expected to witness a remarkable increase during the forecast period of 2018-2028, owing to relatively low cost and efficient load-bearing capacity. The global heavy duty bags & sacks market is estimated to be valued at US$ 11,165.6 million in 2018 in terms of revenue, expanding at a moderate CAGR of 4.0% through 2028.
Rising scope of application in various end-use industries for enhanced durability and efficient packaging solution is likely to generate significant growth in the global heavy duty bags & sacks market. In addition to sustaining more weight than regular bags, heavy duty bags & sacks offers space efficient as well as cost-effective solution for packaging.
These bags are generally produced using plastic and paper materials, and have been gaining high demand for their ease of stacking and transportation.
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This newly published and insightful report sheds light on Market Insights of Heavy Duty Bags & Sacks, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Heavy Duty Bags & Sacks Market.
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.
In addition, it details key information on drivers, restraints, and latest trends of the global heavy duty bags & sacks market, while identifying opportunities for manufacturers of heavy duty bags & sacks. The business intelligence also includes value chain analysis in order to offer comprehensive insights of the heavy duty bags & sacks market to the report audience.
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.
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Global Heavy Duty Bags & Sacks Market Segmentation
Based on capacity, the global heavy duty bags & sacks market is segmented into: less than 20 kg, 20 – 40 kg, and above 40 kg.
On the basis of material type, the global heavy duty bags & sacks market is segmented into: paper, plastic (LDPE, PP, HDPE, LLDPE, polystyrene, and others), and jute.
Based on product type, the global heavy duty bags & sacks market is segmented into: open mouth, gusset bags, woven sacks, pasted valve, and trash sacks, rubble sacks.
On the basis of end-use, the global heavy duty bags & sacks market is segmented into: food, building & construction, chemical & fertilizers, automotive, agriculture, and others.
Based on geographies, the global heavy duty bags & sacks market is segmented into: Latin America, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).A new report provides a 10-year forecast and thorough analysis of the global heavy duty bags & sacks market. It offers historical data for the period of 2013-2017 and forecast between 2018 and 2028 regarding the growth of market volume and revenue.The study on global heavy duty bags & sacks market includes both macroeconomic and industry-specific factors of the market as well as its performance on the packaging market at the global level.In the initial section of the report, readers can find an incisive executive summary on a number of market segments and their impact on heavy duty bags & sacks market in the present scenario.
The executive summary also discusses important conclusions of the study on heavy duty bags & sacks market along with an overview of the market. Further, the report includes a brief discussion on the use of plastic and paper as key materials in manufacturing heavy duty bags & sacks.
Extensive competitive analysis and profiles of key players participating in the global heavy duty bags & sacks have been included in the report lined with their strategic synopsis and SWOT analysis.
The dashboard gives accurate comparison of manufacturers of heavy duty bags & sacks based on different parameters including total revenue, growth strategies, product offerings, latest developments, operating margin, and key differentiators.
The study on heavy duty bags & sacks market covers market attractiveness assessments on the basis of product type, material type, capacity, end users, and geographies. By material type, plastic is anticipated to dominate the heavy duty bags & sacks market, accounting for more than half of total market value share.
By end-use, agriculture and chemicals & fertilizers segments are projected to be the primary consumers in the global heavy duty bags & sacks market.
Value figures of the global heavy duty bags & sacks market have been analyzed in terms of sales, while the weighted average pricing is taken in terms of capacity. For revenue calculation, pricing obtained through primary quotes from various regional manufacturers, distributors, and suppliers of heavy duty bags & sacks are taken into consideration.
Further, revenue generated by manufactures and their corresponding capacity for production are considered to determine the heavy duty bags & sacks market size in terms of value and volume.
Analysis of heavy duty bags & sacks based on estimated demand and the current scenario has also been mentioned in the report. Based on secondary research and response from initial respondents, all important end users of heavy duty bags & sacks have been determined.
To estimate the value of global heavy duty bags & sacks market for different end-use industries, country-wise demand has been evaluated. Top-down approach is implemented to analyze the heavy duty bags & sacks market by key regions and countries.
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.
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.
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.
Leading players of heavy duty bags & sacks market are focusing on expanding at global level through mergers and acquisitions. For instance, in May 2016, Novolex acquired a plastic and plastic based products manufacturer, Heritage Bag Company based in Roanoke, Texas. It helps companies leverage expertise of the acquired firms to improve their products and services portfolio.
Some of leading players participating in the global heavy duty bags & sacks market are Mondi Group, Novolex, Nihon Matai Co., Ltd, Seevent Plastics Ltd., Wooderson Packaging Ltd, Segezha Group LLC, LC Packaging International B.V., Berry Global, Inc., MegaSack Corporation, Global-Pak Inc., Al-Tawfiq Company, Muscat Polymers Pvt. Ltd, ProAmpac LLC, Sonoco Products Company, Amcor, Bemis Company, Inc., TMR Woven Bags and Sacks, and Wenzhou SMOO Bags.
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Key Question answered in the survey of Heavy Duty Bags & Sacks market report:
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- Market Analysis of Heavy Duty Bags & Sacks
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- Key Drivers Impacting the Heavy Duty Bags & Sacks market
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- Restraints Shaping Market Growth
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More Valuable Insights on Heavy Duty Bags & Sacks Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Heavy Duty Bags & Sacks, Sales and Demand of Heavy Duty Bags & Sacks, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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