According to FMI’s latest analysis, the global heavy-duty bag and sack market is set for significant growth, with its valuation expected to rise from USD 12.7 billion in 2023 to USD 18.1 billion by 2033. The market is projected to grow steadily at a CAGR of 3.6% from 2023 to 2033, driven by increasing applications across industries and a growing emphasis on sustainable materials.
Heavy-duty bags and sacks are highly valued for their protective properties, offering resistance against UV rays, tears, chemicals, and other external factors. Manufacturers are focusing on enhancing these protective features, with new polymer blends being developed to improve the durability and resistance of these bags and sacks.
Although plastic remains a widely used material for heavy-duty bags and sacks, it has its disadvantages. The use of plastic subjects these products to strict regulations, as sustainability standards become more prevalent. This can pose challenges for new products entering the market. Additionally, growing eco-consciousness is influencing businesses, making them more cautious about choosing heavy-duty bags and sacks made from plastic.
Key Takeaways from the Heavy Duty Bags and Sacks Market:
- The heavy-duty bag and sack market’s size in 2023 is predicted to be US$ 12.7 billion.
- Despite strong opposition, plastic leads the way in the material segment. In 2023, plastic accounts for 53.4% of the market share by material.
- The ease provided by open-mouth bags is winning over consumers. In 2023, open-mouth bags contributed 23.1% of the market share by product type.
- India is expected to show fast growth in the market. For the 2023 to 2033 forecast period, the speed of growth in India is estimated to be a positive 6.2%.
- The market is expected to flourish in China at a CAGR of 5.6% over the forecast period.
- Thailand is an Asian country with an anticipated CAGR of 5.1% through 2033.
Key Companies in the Heavy Duty Bag and Sack Market:
- Mondi Group
- Berry Global, Inc.
- LC Packaging International BV
- Muscat Polymers Pt. Ltd.
- Al-Tawfiq Company
- Inteplast Group
- Global-Pak Inc.
- MegaSack Corporation
- Sonoco Products Company
- ProAmpac LLC
- Cromwell Polyethylene Ltd.
- Segezha Group LLC
- Alpha Poly Corporation
- Seevent Plastics Ltd.
- Wooderson Packaging Ltd.
- Nihon Matai Co., Ltd.
Key Segments:
By Material:
- 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 Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Report Preview: https://www.futuremarketinsights.com/reports/heavy-duty-bags-and-sacks-market
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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