Press release
Sales Revenue in Heavy Duty Bags & Sacks Market to Witness Growth at Robust CAGR During 2022 to 2031
Heavy duty bags & sacks have been gaining high demand in the past few years for their ability to sustain more weight compared to conventional bags. The global heavy duty bags & sacks market is estimated to register a 4% value CAGR over the assessment period of 2018-2028.Steady growth of the global heavy duty bags & sacks can be attributed to the advantages of these bags including low thickness, high strength, excellent durability as well as reusability. With an ability to uphold greater volume of materials, preference for heavy duty bags & sacks is increasing across a number of end-use industries such as agriculture, chemicals & fertilizers, food & beverages, and others. These key factors are expected to be highly impactful on the expansion of heavy duty bags & sacks market.
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Global Heavy Duty Bags & Sacks Market Segmentation
Based on capacity, the global heavy duty bags & sacks market is segmented into: less than 20 kg, 20 - 40 kg, and above 40 kg.
On the basis of material type, the global heavy duty bags & sacks market is segmented into: paper, plastic (LDPE, PP, HDPE, LLDPE, polystyrene, and others), and jute.
Based on product type, the global heavy duty bags & sacks market is segmented into: open mouth, gusset bags, woven sacks, pasted valve, and trash sacks, rubble sacks.
On the basis of end-use, the global heavy duty bags & sacks market is segmented into: food, building & construction, chemical & fertilizers, automotive, agriculture, and others.
Based on geographies, the global heavy duty bags & sacks market is segmented into: Latin America, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).
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Competitive Landscape
Leading players of heavy duty bags & sacks market are focusing on expanding at global level through mergers and acquisitions. For instance, in May 2016, Novolex acquired a plastic and plastic based products manufacturer, Heritage Bag Company based in Roanoke, Texas. It helps companies leverage expertise of the acquired firms to improve their products and services portfolio.
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.
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