Research Offers 10-Year Forecast on Heavy Duty Bags And Sacks Market

Heavy duty bags and sacks have gained significance amid the previous years, as an outcome of an expanded trade of products amongst nations and individual organizations. These are the multilayer bags which are suitable for packaging bulky goods. Heavy duty bags and sacks are flexible, cost efficient as well as ecological. These bags offer several advantages over other bags in terms of low thickness and high strength. Heavy duty sacks and bags can handle large volume of materials and also keep the ingredients fresh. Since they are multilayered, they are highly impact resistant and well shielded. The market for these bags is expected to register significant growth over the forecast period.

Increasing inclination of households to spend on convenient and cost effective packaging is the major factor driving the growth of the global heavy duty bags and sacks market. Improvisations in the global economic performance and the rising disposable income of the middle income population group is also driving the growth of the global heavy duty bags and sacks market. The regulatory bans by several governments on the use of plastic bags is restraining the growth of the global heavy duty bags and sacks market. Moreover, extra charges are imposed on the use of these bags to discourage the use of plastic bags. A key trend prevailing in the global heavy duty bags and sacks market is the use of innovative marketing practices by manufacturers to increase the sales of their product. Heavy duty bags and sacks made up from special anti-corrosion coatings in order to prevent the metal contents from corrosion is likely to create an opportunity for the global heavy duty bags and sacks market.

Global heavy duty bags and sacks market is segmented on the basis of raw material, application, and geography. On the basis of raw material, the global heavy duty bags and sacks market is segmented into plastic, paper, and jute. The plastics segment is further sub segmented into PE, PP, and others. The PE segment is further sub segmented into LDPE, HDPE, and LLDPE. Heavy duty bags made up of plastic have more preference over paper bags attributed to their better stackability properties but they are priced a little higher than that of paper bags. On the basis of application, the global heavy duty bags and sacks market is segmented into retail and consumer segment, institutional, and industrial segment. The retail and consumer segment is segmented into food, clothing & apparel, and others.

On the basis of geography, the global heavy duty bags and sacks market is segmented into Latin America, North America, Asia Pacific, Middle East & Africa, and Europe. The North America region is currently leading the global heavy duty bags and sacks market due to a large customer base willing to pay for convenient packaging. The Asia Pacific region is anticipated to register a significant CAGR over the forecast period due to an exceptional growth of the retail and consumer goods sector specifically in countries like India and China. The European region is expected to experience slow growth especially in terms of plastic bags and sacks due to strict regulatory guidelines of the EU Commission. The market in Latin America is expected to exhibit sluggish growth due to recession hitting the major countries in Latin America.

Some of the key players of the global heavy duty bags and sacks market are Global-Pak Inc., Hood Packaging, LC Packaging, Mondi Group, Sonoco Products Company, Greif, Inc., and Bemis Company.

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Ankush Nikam

Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.