Global demand for heavy duty bags & sacks is expected to witness a remarkable increase during the forecast period of 2018-2028, owing to relatively low cost and efficient load-bearing capacity. The global heavy duty bags & sacks market is estimated to be valued at US$ 11,165.6 million in 2018 in terms of revenue, expanding at a moderate CAGR of 4.0% through 2028.
Rising scope of application in various end-use industries for enhanced durability and efficient packaging solution is likely to generate significant growth in the global heavy duty bags & sacks market. In addition to sustaining more weight than regular bags, heavy duty bags & sacks offers space efficient as well as cost-effective solution for packaging. These bags are generally produced using plastic and paper materials, and have been gaining high demand for their ease of stacking and transportation.
Plastic Heavy Duty Bags & Sacks to Witness Maximum Demand
LDPE (Low-density Polythene) is expected to reign supreme over other types of plastic materials used in manufacturing heavy duty bags & sacks. Increased demand for LDPE can be attributed to its excellent characteristics such as great tensile strength, high chemical resistance, low water absorption, better thermal coefficient, and lower cost than its counterparts. Owing to high resistance to chemicals, plastic-based bags are gaining increasing application in chemicals & fertilizers industry which is expected to create potential growth prospects of global heavy duty bags & sacks market.
HDPE (High-density Polyethylene) and polypropylene are also anticipated to complement the global expansion of heavy duty bags & sacks market. Due to excellent resistance to temperature and moisture, polypropylene material is considered to be efficient for the production of woven sacks which are widely used in agriculture sector for storing harvested crops. These important factors have led to surge in the growth of global heavy duty bags & sacks market.
Rising Demand for Paper-based Heavy Duty Bags & Sacks amid Stringent Regulations against Plastic Use
Apart from plastic, paper is highly sought out material for manufacturing heavy duty bags & sacks. Paper-based heavy duty bags & sacks are preferred among various consumers for their high durability, low cost, degradability, and environment-friendliness. Increasing stringent government regulations worldwide against the use of plastic-based products is likely to push the demand for paper bags, influencing growth in the global heavy duty bags & sacks market. However, low compatibility of paper-based bags with changes in the environmental conditions may remain a challenge for using this material in the production of heavy duty bags & sacks.
Jute was also deemed to be one of the most potential materials for heavy duty bags & sacks. However, various demerits of jute along with many advances in other materials may confine the significance of jute in the growth of heavy duty bags & sacks market.
Usage of Recycled Material to Generate Opportunities for Key Players in Heavy Duty Bags & Sacks Market
With several countries imposing ban on the use of plastic-based products, a focus on increasing the use of recycled materials remain a key growth strategies of manufacturers of heavy duty bags & sacks.
Global economic growth on the coattails of rising gross domestic production of various countries will possibly contribute to the future expansion of global heavy duty bags & sacks market. Significant rise in the demand for these bags from agriculture industry along with heavy investments in infrastructure development are likely to remain growth-driving determinants of heavy duty bags & sacks market. Further, ease of manufacturing and several added benefits of these bags are foreseen to make them products of choice across different end-use industries.
Some of leading players participating in the global heavy duty bags & sacks market are Mondi Group, Novolex, Nihon Matai Co., Ltd, Seevent Plastics Ltd., Wooderson Packaging Ltd, Segezha Group LLC, LC Packaging International B.V., Berry Global, Inc., MegaSack Corporation, Global-Pak Inc., Al-Tawfiq Company, Muscat Polymers Pvt. Ltd, ProAmpac LLC, Sonoco Products Company, Amcor, Bemis Company, Inc., TMR Woven Bags and Sacks, and Wenzhou SMOO Bags.
A new report provides a 10-year forecast and thorough analysis of the global heavy duty bags & sacks market. It offers historical data for the period of 2013-2017 and forecast between 2018 and 2028 regarding the growth of market volume and revenue. The study on global heavy duty bags & sacks market includes both macroeconomic and industry-specific factors of the market as well as its performance on the packaging market at the global level. In addition, it details key information on drivers, restraints, and latest trends of the global heavy duty bags & sacks market, while identifying opportunities for manufacturers of heavy duty bags & sacks. The business intelligence also includes value chain analysis in order to offer comprehensive insights of the heavy duty bags & sacks market to the report audience.
In the initial section of the report, readers can find an incisive executive summary on a number of market segments and their impact on heavy duty bags & sacks market in the present scenario. The executive summary also discusses important conclusions of the study on heavy duty bags & sacks market along with an overview of the market. Further, the report includes a brief discussion on the use of plastic and paper as key materials in manufacturing heavy duty bags & sacks.
Extensive competitive analysis and profiles of key players participating in the global heavy duty bags & sacks have been included in the report lined with their strategic synopsis and SWOT analysis. The dashboard gives accurate comparison of manufacturers of heavy duty bags & sacks based on different parameters including total revenue, growth strategies, product offerings, latest developments, operating margin, and key differentiators.
The study on heavy duty bags & sacks market covers market attractiveness assessments on the basis of product type, material type, capacity, end users, and geographies. By material type, plastic is anticipated to dominate the heavy duty bags & sacks market, accounting for more than half of total market value share. By end-use, agriculture and chemicals & fertilizers segments are projected to be the primary consumers in the global heavy duty bags & sacks market.
Value figures of the global heavy duty bags & sacks market have been analyzed in terms of sales, while the weighted average pricing is taken in terms of capacity. For revenue calculation, pricing obtained through primary quotes from various regional manufacturers, distributors, and suppliers of heavy duty bags & sacks are taken into consideration. Further, revenue generated by manufactures and their corresponding capacity for production are considered to determine the heavy duty bags & sacks market size in terms of value and volume. Analysis of heavy duty bags & sacks based on estimated demand and the current scenario has also been mentioned in the report. Based on secondary research and response from initial respondents, all important end users of heavy duty bags & sacks have been determined. To estimate the value of global heavy duty bags & sacks market for different end-use industries, country-wise demand has been evaluated. Top-down approach is implemented to analyze the heavy duty bags & sacks market by key regions and countries.
Global Heavy Duty Bags & Sacks Market Segmentation
Based on capacity, the global heavy duty bags & sacks market is segmented into: less than 20 kg, 20 - 40 kg, and above 40 kg.
On the basis of material type, the global heavy duty bags & sacks market is segmented into: paper, plastic (LDPE, PP, HDPE, LLDPE, polystyrene, and others), and jute.
Based on product type, the global heavy duty bags & sacks market is segmented into: open mouth, gusset bags, woven sacks, pasted valve, and trash sacks, rubble sacks.
On the basis of end-use, the global heavy duty bags & sacks market is segmented into: food, building & construction, chemical & fertilizers, automotive, agriculture, and others.
Based on geographies, the global heavy duty bags & sacks market is segmented into: Latin America, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).
Research Methodology
To offer accurate forecast of the global heavy duty bags & sacks market, the study began by sizing the existing market which forms the basis of predicting the future development of heavy duty bags & sacks market. Based on primary research and secondary research, the forecast in terms of different segments of heavy duty bags & sacks market provides quantitative expectations and identifies lucrative opportunities.
The study also develops an attractiveness index for better understanding of key market segments in terms of growth and adoption of heavy duty bags & sacks across different regions, which further help supplier identifies real opportunities prevailing in the heavy duty bags & sacks market.
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Heavy Duty Bags & Sacks Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018-2028