The global heavy duty and sacks market size is expected to hit over US$ 17 bn by 2027 and is anticipated to grow at a CAGR of 5% during the forecasting period 2020 - 2027.
Highly durable packaging options for the majority of commercial applications are heavy duty bags & sacks. Heavy duty bags and sacks are more sustainable than regular bags. They also have a cost-effective and spatially secure packaging solution. Heavy duty bags and sacks can be stacked and transported quickly and typically made from plastic and paper materials.
A growing variety of uses in various end user industries is likely to generate significant growth in the global heavy duty bag & sacks market for enhanced durability and efficient packaging solution. Heavy duty bags and sacks provide more space efficient as well as cost effective packing options, in addition to retaining a greater weight than standard bags. Generally, these bags are made from materials made of plastics and paper, and are becoming more common for easy storage and transport.
Among the most diverse segments of the global packaging industry is stand-up pockets made from plastics that can be used, for instance, for dried fruits, microwave meals, beverages and sauces. Stand-up pouches, for instance detergents and cleansers, or cosmetics and personal care products, are also used for the non-food sector. Also, these pouches are often used for packaging wet food for animals. About 230 billion stand-up pouches were sold worldwide in 2017. Over the last 15 years, profits have more than sextupled, and the European market has crossed over 45 billion units. Production grew to over 30 billion units in the U.S., Canada and Mexico. Almost 55% of the global market was achieved in the Asia-Pacific region. In the coming years, demand is projected to continue to increase by 7%. Especially reusable stand-up pouches will increase quickly expects annual growth rates of over 10%.
The market research study on “Heavy Duty and Sacks Market (By Capacity: Less than 20 Kg, 20-40 Kg, Above 40 Kg; By Material Type: Paper, Plastic, Jute; By Product Type: Open Mouth, Pasted Valve, Gusset Bags, Rubble Sacks, Woven Sacks, Trash Sacks; End-Use: Food, Agriculture, Chemical & Fertilizers, Building & Construction, Automotive, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on the global heavy duty and sacks market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global heavy duty and sacks market are type, case weight, application, and major geographic regions. The heavy duty and sacks market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. Owing to the growing retail activity from the recent years and higher preference for low-cost packaging, Asia Pacific hold the largest share of the global market in 2019. In Asia Pacific region, countries like China and India are likely to grow industrialization. The factor is expected to provide huge opportunities for the growth of the regional global market for heavy duty bags and sacks. Europe holds the second largest share in the market in biodegradable heavy duty bags & sacks in 2019, and also projected to be the largest CAGR during forecast period.
Major players include in this report are Wooderson Packaging Ltd, Amcor, Sonoco Products Company, Al-Tawfiq Company, Mondi Group, Berry Global, Inc., ProAmpac LLC, Muscat Polymers Pvt. Ltd, LC Packaging International B.V., Segezha Group LLC, MegaSack Corporation, Global-Pak Inc., Seevent Plastics Ltd., and Nihon Matai Co., Ltd and others are some of the key competitors in the global heavy duty and sacks market.
The global heavy duty and sacks market is segmented as below:
Heavy Duty and Sacks Market By Capacity
Heavy Duty and Sacks Market By Material Type
Heavy Duty and Sacks Market By Product Type
Heavy Duty and Sacks Market By End-Use
Heavy Duty and Sacks Market By Geography
Middle East & Africa
The market value of heavy duty and sacks is anticipated to be around US$ 17 Bn in 2027.
It is anticipated to grow around 5% CAGR amid the forecast period.2020-2027
Asia Pacific held maximum share in 2018.
Europe is projected to grow at a fast pace during forecast period.
The high demand from manufacturing sector is the major drivers for the growth of the heavy duty and sacks market.
Less compatibility with changing environmental conditions is restricting the growth of the market.
The regions included in the heavy duty and sacks market are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.