The heavy-duty bags and sacks market is on a steady expansion trajectory, with a projected value of US$16.6 billion by 2028 and a Compound Annual Growth Rate (CAGR) of 3.6%. Key sectors like food and agriculture are expected to hold a significant share, accounting for nearly 40% in 2022. The market for heavy-duty bags and sacks with a capacity of 20 to 40 kg is set to reach US$8.0 billion by 2028, growing at a CAGR of 4.5%.
Asia Pacific, spearheaded by China, will play a pivotal role in driving market growth, witnessing a remarkable 1.4 times expansion from 2022 to 2028, with incremental opportunities worth around US$1 billion by 2028.
Western Europe, with Germany and Italy leading the way, is a major innovation initiator in the heavy-duty bags and sacks market, boasting technologically advanced manufacturing units and successful recycling programs.
Factors Driving Market Growth: The customization of bags with features like UV protection, product visibility, color customization, and chemical and tear resistance is a significant growth driver. Additionally, government regulations against plastic bag usage have shifted the market towards sustainable packaging solutions.
Sustainability Initiatives: Berry Global Group achieved RecyClass Recycled Content Certification for its refuse sacks in May 2022, making it the first plastic packaging manufacturing company to do so. This underscores the company’s commitment to sustainability and its efforts towards contributing to a circular economy.
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Key Takeaways:
- The global heavy-duty bags and sacks market is projected to reach US$16.6 billion by 2028, with a CAGR of 3.6% from 2021 to 2028.
- Food and agriculture sectors are expected to capture nearly 40% market share in 2022.
- Heavy-duty bags and sacks with a capacity of 20 to 40 kg are projected to reach US$8.0 billion by 2028, with a CAGR of 4.5%.
- Asia Pacific, led by China, will witness significant growth, creating incremental opportunities worth approximately US$1 billion by 2028.
- Germany and Italy together are anticipated to hold a combined market share of 40% in Western Europe.
- Customization of bags with various features is a key driver of market growth.
- Berry Global Group’s RecyClass Recycled Content Certification highlights its commitment to sustainability.
- The market is expected to experience a decline of 10 basis share points (BPS) in H1-2022 compared to H1-2021, with a projected rise of 30 BPS in H1-2022 based on future outlook.
- Growing demand from industries such as chemicals, fertilizers, and building and construction is fueling market growth.
- Increasing international trade is driving the demand for heavy-duty shipping bags and sacks, creating new product development opportunities
Market Benefits
- The study provides an in-depth analysis of the global heavy duty bags & sacks market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2028 to enable stakeholders to capitalize on the prevailing market opportunities.
Heavy Duty Bags & Sacks 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.
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Heavy Duty Bags & Sacks 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 provides 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. 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, chemical & fertilizers segment is expected to drive the demand for heavy duty bags & sacks. The regulatory bans by government across various countries over the use of plastic might hamper the growth of heavy duty bags & sacks.
China’s Growing Grain Consumption Drives Heavy Duty Bags & Sacks Market, While Germany Leads in Packaging Innovation:
China serves as a developing growth portal for the heavy duty bags & sacks market in the Asia Pacific region due to various factors. The country has a significant presence of resin producers spread across different provinces, particularly in the north and northwestern regions. Additionally, China’s evolving demographics and changing social aspects contribute to the market’s growth potential.
Grain consumption in China has been steadily increasing, with an estimated consumption of 420 million tonnes in 2018, triple the amount from 1975. This rising demand for food and grain drives the need for heavy duty bags & sacks in the country, making China a significant market for these products.
On the other hand, Germany emerges as a leading center for the heavy duty sacks and bags market, particularly in terms of packaging innovation. The country excels in various manufacturing sectors, including automotive, construction, healthcare, and packaging, benefiting from its expertise in these industries.
Germany is actively embracing sustainability initiatives, as outlined in the “EU Strategy on Plastics in Circular Economy by 2030.” The country aims to ensure that all packaging within the European market becomes fully recyclable. Consequently, it is expected that Germany will enforce regulations in the future, mandating the use of only recyclable bags and sacks for packaging purposes. This regulatory shift will impact the dynamics of heavy duty bags & sacks market, promoting more sustainable practices
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Heavy Duty Bulk Bags & Sacks Market by Category
By Capacity, Heavy Duty Bags & Sacks Market is segmented as:
- Less than 20 kg
- 20-40 Kg
- Above 40 Kg
By Material Type, Heavy Duty Bags & Sacks Market is segmented as:
- Paper
- Plastic
- HDPE
- LDPE
- LLDPE
- PP
- Polystyrene
- Others
- Jute
By Product Type, Heavy Duty Bags & Sacks Market is segmented as:
- Open Mouth
- Pasted Valve
- Gusset Bags
- Rubble Sacks
- Woven Sacks
- Trash Sacks
By End Use, Heavy Duty Bags & Sacks Market is segmented as:
- Food
- Agriculture
- Chemical & Fertilizers
- Building & Construction
- Automotive
- Others
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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