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Global Multiwall Bags Market Outlook 2023 - Estimated Market Size, Trends, Overview And Analysis By 2032 | Mondi Group, Berry Global Inc., Sonoco Products Company, Hood Packaging Corporation, Manyan Inc
Multiwall Bags Market
The Business Research Company's Multiwall Bags Global Market Report 2023 identifies increase in use of sustainable packaging solutions as the major driver for the Multiwall Bags market's growth in the forecast period. Sustainable packaging solutions have the least environmental impact since they're manufactured with recyclable materials and are also eco-friendly. Multiwall bags are easily recyclable and created from renewable materials, so-referred to as sustainable packaging solutions.
The global multiwall bags market size grew from $13.15 billion in 2022 to $13.83 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The multiwall bags market size is expected to grow to $16.25 billion in 2027 at a CAGR of 4.1%.
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Major competitors in the Multiwall Bags market are Mondi Group, Berry Global Inc., Sonoco Products Company, Hood Packaging Corporation, Manyan Inc.
A key trend in the Multiwall Bags market includes Product innovations. Major companies operating in the multiwall bags sector is focused on introducing new flexible bags that are manufactured by using multilayer structures with superior oxygen and moisture barrier to sustaining their position. For instance, in September 2020, ProAmpac, a US-based flexible packaging company partnered with Canada-based tea company, Metropolitan Tea for the launch of the ProActive Compostable package, a multilayer flexible package produced using 100% industrial and home compostable films and adhesive with superior oxygen and moisture barrier. This helps to keep the product fresh and moisture free.
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The Multiwall Bags market is segmented -
1. By Product Type: Paper Based, Plastic Bags
2. By Layer: 2-Ply, 3-Ply, Others Layers
3. By Application: Food And Grains, Agriculture, Building And Construction, Chemical, Retail, Pharmaceuticals, Others Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Multiwall Bags market.
The Business Research Company's "Global Multiwall Bags Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Multiwall Bags Market Include:
1. Executive Summary
2. Multiwall Bags Market Characteristics
3. Multiwall Bags Market Trends And Strategies
4. Multiwall Bags Market - Macro Economic Scenario
5. Multiwall Bags Market Size And Growth
……
26. Africa Multiwall Bags Market
27. Multiwall Bags Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Multiwall Bags Market
29. Multiwall Bags Market Future Outlook and Potential Analysis
30. Appendix
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