Heavy Duty Bags & Sacks Market Trends, Revenue Share & Opportunity Status Analyzed during 2018-2028 | Key Players are Mondi Group, Novolex, Nihon Matai Co. Ltd, Seevent Plastics Ltd., etc.
Request for Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=3050
Global demand for heavy duty bags & sacks is expected to witness a remarkable increase during the forecast period of 2018-2028, owing to relatively low cost and efficient load-bearing capacity. The global heavy duty bags & sacks market is estimated to be valued at US$ 11,165.6 million in 2018 in terms of revenue, expanding at a moderate CAGR of 4.0% through 2028.
Rising scope of application in various end-use industries for enhanced durability and efficient packaging solution is likely to generate significant growth in the global heavy duty bags & sacks market. In addition to sustaining more weight than regular bags, heavy duty bags & sacks offers space efficient as well as cost-effective solution for packaging. These bags are generally produced using plastic and paper materials, and have been gaining high demand for their ease of stacking and transportation.
Plastic Heavy Duty Bags & Sacks to Witness Maximum Demand
LDPE (Low-density Polythene) is expected to reign supreme over other types of plastic materials used in manufacturing heavy duty bags & sacks. Increased demand for LDPE can be attributed to its excellent characteristics such as great tensile strength, high chemical resistance, low water absorption, better thermal coefficient, and lower cost than its counterparts. Owing to high resistance to chemicals, plastic-based bags are gaining increasing application in chemicals & fertilizers industry which is expected to create potential growth prospects of global heavy duty bags & sacks market.
HDPE (High-density Polyethylene) and polypropylene are also anticipated to complement the global expansion of heavy duty bags & sacks market. Due to excellent resistance to temperature and moisture, polypropylene material is considered to be efficient for the production of woven sacks which are widely used in agriculture sector for storing harvested crops. These important factors have led to surge in the growth of global heavy duty bags & sacks market.
Browse Full Report on Market with TOC - https://www.factmr.com/report/3050/heavy-duty-bags-sacks-market
Apart from plastic, paper is highly sought out material for manufacturing heavy duty bags & sacks. Paper-based heavy duty bags & sacks are preferred among various consumers for their high durability, low cost, degradability, and environment-friendliness. Increasing stringent government regulations worldwide against the use of plastic-based products is likely to push the demand for paper bags, influencing growth in the global heavy duty bags & sacks market. However, low compatibility of paper-based bags with changes in the environmental conditions may remain a challenge for using this material in the production of heavy duty bags & sacks.
Jute was also deemed to be one of the most potential materials for heavy duty bags & sacks. However, various demerits of jute along with many advances in other materials may confine the significance of jute in the growth of heavy duty bags & sacks market.
Usage of Recycled Material to Generate Opportunities for Key Players in Heavy Duty Bags & Sacks Market
With several countries imposing ban on the use of plastic-based products, a focus on increasing the use of recycled materials remain a key growth strategies of manufacturers of heavy duty bags & sacks.
Global economic growth on the coattails of rising gross domestic production of various countries will possibly contribute to the future expansion of global heavy duty bags & sacks market. Significant rise in the demand for these bags from agriculture industry along with heavy investments in infrastructure development are likely to remain growth-driving determinants of heavy duty bags & sacks market. Further, ease of manufacturing and several added benefits of these bags are foreseen to make them products of choice across different end-use industries.
Some of leading players participating in the global heavy duty bags & sacks market are Mondi Group, Novolex, Nihon Matai Co., Ltd, Seevent Plastics Ltd., Wooderson Packaging Ltd, Segezha Group LLC, LC Packaging International B.V., Berry Global, Inc., MegaSack Corporation, Global-Pak Inc., Al-Tawfiq Company, Muscat Polymers Pvt. Ltd, ProAmpac LLC, Sonoco Products Company, Amcor, Bemis Company, Inc., TMR Woven Bags and Sacks, and Wenzhou SMOO Bags.
Have Any Question? Ask Our Industry Experts - https://www.factmr.com/connectus/sample?flag=AE&rep_id=3050
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Suite 400, Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heavy Duty Bags & Sacks Market Trends, Revenue Share & Opportunity Status Analyzed during 2018-2028 | Key Players are Mondi Group, Novolex, Nihon Matai Co. Ltd, Seevent Plastics Ltd., etc. here
News-ID: 1750814 • Views: 368
More Releases from Fact.MR
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
More Releases for Bags
Disposable Blood Bags Market Type (Collection Bags (Single Collection Bags, Doub …
Global Disposable Blood Bags Market 2020 report includes extensive Market analysis and industry landscape along with SWOT analysis and PESTEL analysis of the important vendors. The analysis is conducted with a blend of secondary and primary advice for inputs from participants in the industry. Disposable Blood Bags industry report covers the prospects of Disposable Blood Bags in the forecast period of 2020-2026 and the scenario. The report analyzes the current Market
PP Jumbo Bags Market
Future Market Insights (FMI) delivers key insights on the global PP jumbo bags market in its published report titled “PP Jumbo Bags Market: Global Industry Analysis (2013-2017) & Opportunity Assessment (2018-2028)”. In terms of revenue, the global PP jumbo bags market is estimated to grow at a CAGR of 5.4% during the forecast period, owing to numerous factors on which FMI sheds light in this report. In the global PP jumbo bags market,
Ostomy Drainage Bags Market Report 2018: Segmentation by Types (Ileostomy Bags, …
Global Ostomy Drainage Bags market research report provides company profile for Coloplast A/s, ConvaTec Inc., Hollister Incorporated, Welland Medical Ltd., Salts Healthcare Ltd., Pelcin Healthcare Ltd., ALCARE Co. Ltd., B. Braun Melsungen AG and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Global Gym Bags Market
This report studies the global market size of Gym Bags in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Gym Bags in these regions. This research report categorizes the global Gym Bags market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers,
Paper Bags Packaging Market
Global Paper Bags Packaging Market Insights, Forecast To 2025 provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the
Ostomy Drainage Bags Market
Ostomy is a surgery to make an opening or stoma from a locale present in the interior of the body to the exterior. It predominantly treats diseases related to urinary or digestive systems. Ostomy may be permanent or temporary. In some cases an organ must be detached or removed, which is a permanent condition. However, when the organ or the specific part inside the body heals with time, and is