Heavy Duty Bags And Sacks Market

Name: Heavy Duty Bags And Sacks Market
Brand: Future Market Insights
SKU: Packaging
Price: 5000 USD
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Heavy Duty Bags & Sacks Market: APEJ Expected to Outpace Western Europe in Terms of Consumption by 2028 End: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

2018-10-17
REP-GB-4466
291 pages

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Heavy Duty Bags And Sacks Market

An Incisive, In-depth Analysis on the Heavy Duty Bags And Sacks Market

This study offers a comprehensive, 360 degree analysis on the Heavy Duty Bags And Sacks market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Heavy Duty Bags And Sacks market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Heavy Duty Bags & Sacks Market Analysis: Chemicals & Fertilizers and Agriculture Sectors to Create More Opportunities

According to the latest market report published by Future Market Insights, titled “Heavy Duty Bags & Sacks Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2028,” the efficient load-bearing capacity and the lower cost of heavy duty bags & sacks is expected to boost the global heavy duty bags & sacks market during the forecast period, 2018-2028. Globally, the revenue generated from sales of heavy duty bags & sacks has been estimated to be around US$ 11,165.6 Mn in 2018 and is projected to expand at a CAGR of 4.0% by value, during the forecast period.

Heavy duty bags & sacks are highly durable and efficient packaging solution for most of the end use industries. Heavy duty bags & sacks can sustain more weight than regular bags. Also, heavy duty bags & sacks offers cost-effective and space efficient solution for packaging. Heavy duty bags & sacks can be easily stacked and transport. Heavy duty bags & sacks are generally manufactured using plastic and paper materials.

In the heavy duty bags & sacks market, plastic is expected to dominate, with LDPE (Low-Density Polyethylene) being the leading plastic material used. This is attributed to the characteristics it possesses, i.e., LDPE has excellent chemical resistance, high tensile strength, better thermal coefficient, low water absorption, and above all, lower cost when compared to its counterparts. All these properties make LDPE a suitable choice for the production of heavy duty bags & sacks. The heavy duty bags & sacks find useful applications in chemicals & fertilizers industry due to their high resistance to chemicals. LDPE is followed by HDPE (High-Density Polyethylene), and polypropylene as the prominent plastic material types used for the production of heavy duty bags & sacks. In the heavy duty bags & sacks market, polypropylene material is majorly used for the production of woven sacks. Woven sacks are primarily used in the agriculture industry to store harvested crops due to their excellent resistance to moisture and temperature. Apart from plastic, paper is a highly sought out material for the production of heavy duty bags & sacks. The heavy duty bags & sacks made up of paper are preferred due to their low cost, high durability, and environment-friendliness. Paper-based heavy duty bags & sacks are entirely degradable. Rising stringent regulations against the use of plastic bags by several government organizations across the globe are pushing the demand for paper-based heavy duty bags & sacks market. However, less compatibility with changing environmental conditions might be a demerit for heavy duty bags & sacks made of paper. Jute, on the other hand, was once considered the most promising material for the production of heavy duty bags & sacks. However, the improvement in different material types coupled with the disadvantages of jute will hamper the growth of jute in the global heavy duty bags & sacks market during the forecast period. Overall, the demand for heavy duty bags & sacks is expected to be positive.

Heavy Duty Bags & Sacks Market Is Expected to Witness Lucrative Growth

The growing production from the manufacturing sector is expected to propel the demand for the global heavy duty bags & sacks market during the forecast period. The global economy is supposed to witness growth during the next decade backed by the gradual increase in gross domestic production of some of the most prominent economies of the world. The growing infrastructure across the globe and rising demand from agriculture industry is supposed to drive the growth of heavy duty bags & sacks market. Heavy duty bags & sacks are easy to manufacture and offer a number of added benefits which go a long way in making them an ideal preference in the market. Also increasing use of recycled content is expected to drive the demand for heavy duty bags & sacks in the countries that imposed ban on the use over single use plastic products.

The global heavy duty bags & sacks industry, with plastic as a major material, is observing an ongoing trend of strategic mergers and acquisitions. Major players of heavy duty bags & sacks are looking to expand globally. This also aids companies in leveraging the expertise of acquired companies to enhance their products and services portfolio. For Instance, in May 2016, Novolex acquired Heritage Bag Company, a leading manufacturer of plastic and plastic products based in Roanoke, Texas.

Manufacturers Operating in the Heavy Duty Bags & Sacks Market

Key players which have been profiled in the report heavy duty bags & sacks market include Mondi Group, Sonoco Products Company, Berry Global, Inc., ProAmpac LLC, LC Packaging International B.V., Muscat Polymers Pvt. Ltd, Segezha Group LLC, Al-Tawfiq Company, Wooderson Packaging Ltd,Global-Pak Inc.,Seevent Plastics Ltd., MegaSack Corporation, and Nihon Matai Co., Ltd among other heavy duty bags & sacks manufacturers.

Heavy Duty Bags & Sacks Market: Overview

This report provides forecast and analysis of the heavy duty bags & sacks market at the global level. It provides historical data of 2013-2017 along with the forecast from 2018 to 2028 regarding revenue (US$ Mn) and volume (Tonnes). The global heavy duty bags & sacks market value is projected to clock a CAGR of 4.0%, during the forecast period. The report on heavy duty bags & sacks market includes macroeconomic indicators and market outlook on the packaging market and the industrial sector globally. Besides, it also includes drivers, restraints, and recent trends on the heavy duty bags & sacks market. The report comprises of the study of market opportunities for heavy duty bags & sacks manufacturers and includes in-depth value chain analysis.

To provide users of this report with a comprehensive view of the heavy duty bags & sacks market, the market study begins with an incisive executive summary on various segments, and their impact to heavy duty bags & sacks in the current market scenario. The executive summary also briefly discusses the key conclusions of the study as well as an overview of the heavy duty bags & sacks market. Furthermore, the role of plastic & paper as critical materials for heavy duty bags & sacks has also been discussed in brief. We have included detailed competitive analysis and profiles of the heavy duty bags & sacks market players with their SWOT analysis and strategic synopsis. The dashboard provides an accurate comparison of heavy duty bags & sacks manufacturers on parameters such as product offerings, total revenue, recent developments, key strategies, operating margin, and key differentiators. The heavy duty bags & sacks market study encompass market attractiveness analysis by capacity, material type, product type, end use, and region. Among material type, plastic is expected to be the most dominating material type and accounts for nearly half of the total heavy duty bags & sacks market. Regarding the end use, chemical & fertilizers and agriculture segments are the primary consumers of heavy duty bags & sacks market during the forecast period. It is attributed to the feasibility of storing and transporting of products packaged under heavy duty bags & sacks.

Heavy duty bags & sacks market numbers have been assessed based on sales, and weighted average pricing of heavy duty bags & sacks is taken by capacity. The pricing obtained through primary quotes from several regional heavy duty bags & sacks manufacturers, suppliers, and distributors are considered for the calculation of revenue. To estimate the heavy duty bags & sacks market size concerning value and volume, the revenue generated by heavy duty bags & sacks manufacturers of heavy duty bags & sacks, and their corresponding production capacity has been taken into consideration. The heavy duty bags & sacks market has been analyzed based on expected demand and the current scenario. All key end users of heavy duty bags & sacks have been considered from secondary sources and response from primary respondents. Country wise demand has been considered while estimating the heavy duty bags & sacks market for various end users. Top-down approach has been incorporated to assess the heavy duty bags & sacks market by country.

Segmentation of the Heavy Duty Bags & Sacks Market

By capacity, the heavy duty bags & sacks market has been segmented as:
- Less than 20 kg
- 20 - 40 kg
- Above 40 kg
By material type, heavy duty bags & sacks market has been segmented as:
- Paper
- Plastic
  - HDPE
  - LDPE
  - LLDPE
  - PP
  - Polystyrene
  - Others
- Jute
By product type, heavy duty bags & sacks market has been segmented as:
- Open Mouth
- Pasted Valve
- Gusset Bags
- Rubble Sacks
- Woven Sacks
- Trash Sacks
By end-use, heavy duty bags & sacks market has been segmented as:
- Food
- Agriculture
- Chemical & Fertilizers
- Building & Construction
- Automotive
- Others
By region, heavy duty bags & sacks market is divided into:
- North America
  - US
  - Canada
- Latin America
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
- Western Europe
  - Germany
  - Italy
  - France
  - U.K.
  - Spain
  - Benelux
  - Nordic
  - Rest of Western Europe
- Rest of Eastern Europe
  - Russia
  - Poland
  - Rest of Eastern Europe
- Asia Pacific excluding Japan (APEJ)
  - China
  - India
  - ASEAN
  - South Korea
  - Australia & NZ
  - Rest of APEJ
- Middle East & Africa (MEA)
  - GCC Countries
  - Northern Africa
  - South Africa
  - Turkey
  - Israel
  - Rest of MEA
- Japan

Heavy Duty Bags & Sacks Market: Research Methodology

It should be noted that in an ever-fluctuating global economy, FMI not only conducts forecasts in terms of CAGR for heavy duty bags & sacks, but also analyses the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the heavy duty bags & sacks market and identify the right opportunities across the market.

A number of primary and secondary sources were consulted during the course of the study of heavy duty bags & sacks market. Secondary sources include Factiva, World Bank, and the company’s annual reports and publications.

The heavy duty bags & sacks market has also been assessed on the basis of segment-wise Y-o-Y growth rates. This detailed level of information is important for identifying key trends in the heavy duty bags & sacks market. Another key feature of global heavy duty bags & sacks market is the analysis of the market in terms of absolute dollar opportunity. In heavy duty bags & sacks market report, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the heavy duty bags & sacks market. The overall absolute dollar opportunity along with the segmental split is mentioned in global heavy duty bags & sacks market report.