Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) — The “Multiwall Bags Market by Product Type (Paper Bags and Plastic Bags), Layer (2-Ply, 3-PLy, and Others), Application (Food & Grains, Agriculture, Building & Construction, Chemicals, Retail, Pharmaceuticals, and Others), and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global multiwall bags market size is projected to grow from USD 12.1 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 3.5%.
The global multiwall bags industry has witnessed high growth primarily because of the increasing demand for packaged food products worldwide. Demand for innovative and sustainable packaging solutions is another key factor contributing to the rising growth of the multiwall bags market over the next few years.
“In terms of both value and volume, plastic bags segment to lead the multiwall bags market by 2025.”
Plastic bags segment to dominate the multiwall bags market during the forecast period. VIP labels can be easily adapted to liner-free labels. Plastics are widely used packaging materials and are often used in flexible packaging. Plastic-based multiwall bags are also known as FIBC (Flexible Intermediate Bulk Container) bags, jumbo bags, and bulk bags. These bags are used for industrial, commercial, as well as consumer purposes. Plastic-based multiwall bags are widely used in industrial applications such as packaging of cement, food commodities, aggregates, chemicals, among others.
“In terms of both volumes, 2-ply curable is projected to be the fastest-growing segment in the multiwall bags market from 2020 to 2025.”
2-ply layer is projected to have significant growth opportunities by 2025. Multiple layers of plies are used to manufacture multiwall bags to make it durable and sturdy for packaging purposes. Multiwall bags with two layers of papers and/or plastics and sometimes with aluminum foils form a 2-ply bag. These are the most used multiwall bags in the market.
“The food & grain segment is projected to be the fastest-growing end-use industry in the multiwall bags market from 2020 to 2025.”
Multiwall bags or sacks are widely used for the packaging of a variety of industrial, commercial, and consumer products. These bags are suitable for food items, agrochemicals, pharmaceutical & medical products, cement, construction chemicals and materials, and FMCG, among others. The multiwall bags market has been studied on the basis of applications – food & grains, agriculture, building & construction, chemicals, retail, pharmaceutical, and others that include consumer goods, electrical & electronics, apparel, tobacco, and oil & lubricants. Food & grains led the market in 2019, and it is expected to grow the fastest during the forecast period.
“In terms of both value and volume, the Asia Pacific multiwall bags market is projected to grow at the highest CAGR during the forecast period.”
In terms of value and volume, the Asia Pacific region is projected to grow at the highest CAGR from 2020 to 2025 due to the strong demand from countries such as China, India, and Japan. Factors, including an increase in the demand for consumer durables, awareness of buyers regarding packed food owing to current pandemic situation, rise in demand for ready-to-eat meals, and the easy application of multiwall bags, are expected to drive the market for multiwall bags in the Asia Pacific.
Market Dynamics
Drivers
- Growth of End-Use Industries
Restraints
- Sustained Use of Single Ply Bags
Opportunities
- Increasing E-Commerce Activities in Emerging Countries
Challenges
- Difficulty and Poor Infrastructure for Recycling Multi-Layer Plastics
Value-Chain Analysis
- Raw Materials
- Manufacturer
- Distribution
- Marketing & Sales
- End-users
- Post-Sale Services
Porter’s Five Forces Analysis
Global Economic Scenario Amid COVID-19 Outbreak
- Disruption in Packaging Industry
- Disruption in Food & Beverage Industry
- Disruption in Agriculture Industry
- Disruption in Construction Industry
- New Opportunities Amid COVID-19 Outbreak
Companies Mentioned
- Bag Supply Company
- Berry Global Inc.
- Commercial Packaging
- Corman Bags
- El Dorado Packaging, Inc.
- Global-Pak Inc.
- Hood Packaging Corporation
- Langston Bag
- LC Packaging
- Lincon Polymers Pvt. Ltd
- Manyan Inc.
- Material Motion Inc.
- Midco Global
- Mondi Group
- Napco National
- Nebig Verpakkingen Bv
- NNZ Group
- OJI Fibre Solutions (Nz) Ltd.
- Others
- Premier Polymer
- Proampac Holdings Inc.
- San Miguel Yamamura Woven Products SDN BDH
- Sanghavi Global
- Sonoco Products Company
- Trombini
- United Bags, Inc
For more information about this report visit https://www.researchandmarkets.com/r/32obai
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