Press release
Heavy Duty Bags & Sacks Market Valuable Growth Prospects and Future Insights till 2028 || Key Players are Mondi Group, Sonoco Products Company, Berry Global Inc., ProAmpac LLC, LC Packaging International B.V., Muscat Polymers Pvt. Ltd
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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.
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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.
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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
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.
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