Advent of Paper Sack Promotes Sustainability in the Industrial Sacks Market | Arizton

The paper sacks are the fastest growing segment in the global industrial sacks market.

Arizton’s recent market research report on the industrial sacks market identifies BillerudKorsnäs, Berry Global, Smurfit Kappa, Mondi, and WestRock as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by industrial application (building & construction, food & beverage, chemicals & fertilizers, retail, animal feed, and others), by sack type (FFS, paper sacks, woven PP laminated, woven PP non-laminated, and plastics), and by geography (APAC, Europe, North America, Latin America, and MEA).

The industrial sacks market is anticipated to produce volumes of 142 billion sacks by 2018, growing at a CAGR of more than 3% during 2018-2024.

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The industrial sacks market is divided into three key segments that include industrial application, sack types, and geography.

Paper sacks segment to grow at the fastest CAGR in the industrial sacks market during the forecast period

The global industrial sacks market by sack type is segmented into FFS, paper sacks, woven PP laminated, woven PP non-laminated, and plastics. The paper sacks are the fastest growing segment in the global market, at a CAGR of approximately 4% during the forecast period. The increasing use of quality paper bags across a diverse range of industrial applications is propelling the growth of this segment in the global market. The vendors are introducing paper sacks that support reasonable amounts of the tear, stacking, and rupture resistance endured during the supply chain transit to gain a large group of consumers in the industrial sacks market. The paper sacks maintain freshness, resist moisture, decrease infestation, and lock-in foul smell of the products in the market. The use of reusable and recyclable materials for paper sacks will augment the development of this segment in the market. Most of the paper bags that are available in the global market can sustain in wet environments for about five days, and even provides protection against rain for more than 6 hours continuously. The leading vendors are focusing on innovating their products and enhancing their offerings to attract consumers in the global industrial sacks market.

Building and construction segment to grow at a considerable CAGR in the industrial sacks market during the forecast period

The industrial application segment in the global industrial sacks market is classified into building & construction, food & beverage, chemicals & fertilizers, retail, animal feed, and others. The building and construction segment dominated the largest market share in 2018, growing at a CAGR more than 3% during the forecast period. The rapid urbanization attributed to growing population, higher disposable incomes, and increasing consumer spending is the major factors attributing to the growth of the industrial sacks market. The consistently growing population, quickly rising economic growth, and a lucrative opportunity for investments across emerging nations will positively impact the growth of this segment in the market. Countries such as India and China are the major revenue generators in the building and construction segment. The exponential growth of the education, healthcare, and social infrastructure provide ample opportunity for the building & construction industry across China and other emerging regions in the market. The growing demand for sustainable packaging and the restriction of using materials such as plastics and its variants will lead to the development of the industrial sacks market.

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Latin America to grow at a significant CAGR in the industrial sacks market during the forecast period

The global industrial sacks market by geography is categorized into APAC, Europe, North America, Latin America, and MEA. Latin America is the fastest growing region in the global market, at a CAGR around 4% during the forecast period. The increase in the per capita disposable income of people is fueling the growth of the Latin American region in the global market. Favorable trade policies, increased demand coupled along with enhanced private consumption around the region tends to drive growth in Latin America in the global industrial sacks market. Countries such as Argentina, Mexico, Columbia, Peru, and Uruguay are contributing to the growing revenues in the Latin American market. Government investments promoting building and construction activities are fueling the growth of the Latin American region in the global industrial sacks market.

The other prominent players in the global industrial sacks market are E.I. Du Pont de Nemours & Co, Thrace Plastics Holding and Commercial, International Paper Company, Danang Plastic Joint-Stock Company, UmasreeTexplast, STP (Shree Tirupati Polypack), LC Packaging, Muscat Polymers, Segezha Group, Al-Tawfiq, Hood Packaging, El Dorado Packaging, Nampak Packaging, Uflex Limited, INDEVCO, Oji Holdings, United Bags, Maruti Bulk Packaging, QTL Bags, Gopinath Enterprises, Knack Polymers, ProAmpac, Seevent, Nihon Matai, Conitex Sonoco, DS Smith, and Amcor.

The complete overview of the latest market research report on industrial sacks market by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

Source: https://www.arizton.com/news/press-release/industrial-sacks-market-size-share-analysis

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