A significant surge in demand for multiwall bags across the food & grains, agriculture, pharmaceutical, and construction industries over recent years is a key market growth propeller
Market Size – USD 12.3 billion in 2020, Market Growth – at a CAGR of 3.8%, Market Trends – The surging demand for eco-friendly, cost-effective packaging solutions across various industrial sectors
The global Multiwall Bags Market held a valuation of USD 12.3 billion in 2020 and is projected to register a CAGR of 3.8% during the forecast period.The global market growth is primarily attributed to the consistently rising demand for multiwall bags in the agriculture, food & grains, buildings & construction, chemical, and pharmaceutical industries. With the global construction and infrastructural development activities on the rise and the expanding agriculture and food sectors, the demand for multiwall bags has risen profoundly. Multiwall bags are generally made of high-quality kraft paper or plastic and used to carry bulk materials like cement, fertilizers, and animal feed. This type of packaging comprises several layers of high-performance plastic films or heavy-duty kraft paper to provide enhanced protection to the product in transit and extend its shelf life. The inner layers offer robust resistance to moisture, safeguard the product against damage or breakage, and therefore, act as a resilient barrier to rodents and insects. Multiwall bags are particularly used for the storage and transportation of products, such as foods and grains, flour, building raw materials like cement and dry mortar, pharmaceutical products, chemical fertilizers, pesticides, seeds, animal fodder, etc.
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The most viable properties of multiwall bags include high tensile strength, robust flexibility, high elasticity, durability, and resistance to heat, moisture, and wear & tear. Although multiwall plastic bags are more widely in use across numerous industries, including the buildings & construction industry, the demand for multiwall paper bags is rapidly gaining traction due to their environmental sustainability, recyclability, and cost-effectiveness. Today, industries are looking forward to using sustainable and eco-friendly packaging solutions that are highly customizable, convenient to handle, and suitable for food contact. Many such multiwall bags include pasted open mouth bags, paper-based consumer bags, PE-liner bags, and pasted valve bags. However, the rising environmental concerns and stringent government norms regarding the use of plastic bags are a significant factor predicted to impede the global multiwall bags market growth.
Key Highlights of the Report:
The plastic segment is expected to account for the largest market share over the projected period, based on the material type. Multiwall plastic bags are lightweight, durable, and highly cost-efficient, and thus, are exhaustively used in the buildings & construction, food & grains, agriculture, retail & e-commerce, and pharmaceutical industries.
Based on application, the food & grains segment dominates the global multiwall bags market in terms of revenue. The growth of this segment is accredited to the booming global population, a sharp increase in demand for food, and the expanding agricultural industry.
Among the key market regions, the Asia Pacific is projected to emerge as the leading regional market for multiwall bags over the forecast timeframe, retaining the highest market share. The growth of the Asia Pacific market is accelerated by the region’s rapidly growing populace, growing demand for food, increasing agricultural practices, and a rise in construction activities, mainly in developing countries like India.
Mondi Group, Berry Global Inc., United Bags, El Dorado Packaging, Inc., Sonoco Products Company, ProAmpac Holdings Inc., Bag Supply Company, Inc., Lincon Polymers Pvt. Ltd., Hood Packaging Corporation, LC Packaging, Inc., Material Motion, Inc., Commercial Packaging, Langston Companies, Inc., MIDCO Global, San Miguel Yamamura Woven Products sdn bdh, Corman Bag, Oji Fibre Solutions Ltd., Premier Polymer, and Napco National are the key market players.
In October 2020, the renowned paper-based packaging company ND Paper introduced a new line of kraft paper-based bags made from 100% virgin fiber. The new product can be used as retail bags and multiwall bags.
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For the purpose of this report, the global multiwall bags market has been segmented based on the material type, layer, application, and region:
By Material Type (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Paper
Plastic
By Layer (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
2-ply
3-ply
others
By Application (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Agriculture
Food & Grains
Buildings & Construction
Retail
Pharmaceuticals
Chemicals
Others
By Region (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of the Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Israel
- UAE
- Rest of the Middle East & Africa
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Table of content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Magnetic Materials Market Segmentation & Impact Analysis
4.1. Magnetic Materials Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Automotive Industry
Continued….
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