The report offers detailed insights on the Grout Bags market size through an extensive analysis of key growth drivers, latest trends, potential challenges, and revenue growth prospects based on historical data. Demand for grout bags is projected to reach US$ 3.8 billion globally in 2022 and expand at a CAGR of 2.57% to US$ 4.9 billion globally from 2022 to 2032. The widespread use of grout bags in the packaging sector is responsible for the market’s expansion.
Grout bags, which are also used to fill mortar joints, resemble pastry bags very much. The grout bags are made of a cotton-blend fabric with an interior PVC film that has been glued to it. The grout bags have a soft plastic tip that is simple to cut and allows mortar or grout to flow in a regulated manner without clogging. The seams on these bags are fused together to provide a solid, watertight seal.
FMI, in its upcoming business report, elaborates the historical and current scenario of the global Grout Bags market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
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Crucial information and forecast statistics covered in the Grout Bags market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Grout Bags Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Grout Bags market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Grout Bags market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Grout Bags market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Grout Bags Market: Segmentation
Valuable information covered in the FMI’s Grout Bags market report has been segregated into key segments and sub-segments.
Product Type:
- Blue-top Grout Bags
- Black Seamless Grout Bags
Design:
- Grout Bags With Metal Tip
- Grout Bags Without Metal Tip
Grout Type:
- Sanded Grout Bags
- Non-Sanded Grout Bags
Grout Bags Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Grout Bags market. Competitive information detailed in the Grout Bags market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Grout Bags market report.
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Key players covered in the report include:
- Marshaltown
- E.P. Co., Inc.
- Bon Tool Co.
- Westco Tools Inc.
- Kraft Tools Co.
Important Questions Answered in the Grout Bags Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Grout Bags market been expanding during the forecast period?
- How will the global Grout Bags market look like by the end of the forecast period?
- What innovative strategies are adopted by Grout Bags market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Grout Bags market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Grout Bags market
Related Links –
https://www.thetechlog.com/?p=20458&preview=true
https://issuu.com/nk99/docs/vinyl_films_market
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