The Heavy Duty Bags & Sacks Market is experiencing a steady and upward trajectory, with an estimated value of US$ 13 billion by 2022, projected to reach US$ 16.6 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 3.6% from 2013 to 2021. Notably, the food and agricultural sectors are poised to seize a substantial portion, accounting for nearly 40% of the market share in 2022. Within this segment, heavy duty bags and sacks with capacities ranging from 20 to 40 kg are expected to reach a market value of US$ 8.0 billion by 2028, driven by a promising CAGR of 4.5% during the forecast period.
Asia Pacific (APEJ) stands as a growth beacon, with Future Market Insights (FMI) predicting a significant 1.4x expansion in demand from 2022 to 2028. China, in particular, is set to catalyze this surge, generating incremental opportunities of approximately US$ 1 billion by 2028.
Moreover, in Western Europe, Germany and Italy jointly take the lead, projected to hold a considerable 40% market share of the overall heavy duty bags & sacks market, which is expected to extend to US$ 4.0 billion in 2022. This region also emerges as an “innovation initiator,” leveraging technologically advanced manufacturing units and robust recycling programs. Overall, the Heavy Duty Bags & Sacks Market displays promising growth potential, underpinned by diverse industry applications and regional dynamics.
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Market Companies:
The manufacturers operating in the global heavy-duty bags & sacks market include
- Segezha Group LLC,
- Mondi Group,
- Nihon Matai Co., Ltd.,
- Sonoco Products Company,
- Berry Global, Inc.,
- Al-Tawfiq Company,
- Wooderson Packaging Ltd.,
- ProAmpac LLC,
- MegaSack Corporation and
- LC Packaging International BV
among other heavy duty bags & sacks manufacturers.
Market Dynamics Impacting Revenue Growth:
In the report, FMI suggests that increasing construction activities and industrialization in emerging countries is expected to be the key driving force for the growth of heavy-duty bags & sacks globally. 20 – 40 kg heavy duty bags & sacks are expected to be the most lucrative capacity type. The heavy-duty bags & sacks lie under this capacity provide ease of storage & transportation. In terms of material used, plastic accounts for nearly 55.0% of the total material used for heavy-duty bags & sacks market by market value.
The FMI study analyses the heavy-duty bags & sacks market in several regions and focuses on the key dynamics affecting the heavy-duty bags & sacks market, globally. With the growing demand from end-use industries such as building & construction, automotive, and food among others, the demand for heavy-duty bags & sacks is expected to gain traction.
These factors are expected to drive the growth of the global heavy duty bags & sacks market during the forecast period. In terms of end-use industries, the chemical & fertilizers segment is expected to drive the demand for heavy duty bags & sacks. The regulatory bans by governments across various countries over the use of plastic might hamper the growth of heavy-duty bags & sacks.
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APEJ is expected to outpace Western Europe as the leading region for the demand for heavy duty bags & sacks market by 2028. In APEJ region, countries like India and China are witnessing a rapid rise in industrialization. This factor is expected to create immense opportunities for the growth of the global heavy duty bags & sacks market in the region.
The production of heavy-duty bags & sacks might be hampered by more end users opting for FIBCs (flexible intermediate bulk containers). These FIBCs are gaining popularity over heavy-duty bags & sacks due to their ability to uphold huge weight. Majority of organizations and end users have shifted their preferences to bulk bags from heavy-duty bags & sacks. The growing use of FIBCs can be a threat to the growth of heavy duty bags & sacks.
Furthermore, heavy-duty bags & sacks are highly customizable and can be manufactured as per customer requirements. The flexibility in production allows heavy-duty bags & sacks to be one of the most sought-after packaging solutions in the chemical, agriculture, and construction sectors. Heavy duty bags & sacks made of plastic are waterproof and therefore offer high reliability when it comes to agricultural packaging. These factors are expected to drive the global heavy duty bags & sacks market during the forecast period.
Market by Category:
By Capacity:
- Less than 20 kg
- 20-40 Kg
- Above 40 Kg
By Material Type:
- Paper
- Plastic
- HDPE
- LDPE
- LLDPE
- PP
- Polystyrene
- Others
- Jute
By Product Type:
- Open Mouth
- Pasted Valve
- Gusset Bags
- Rubble Sacks
- Woven Sacks
- Trash Sacks
By End Use:
- Food
- Agriculture
- Chemical & Fertilizers
- Building & Construction
- Automotive
- Others
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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