Multiwall Paper Bags Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2022–2028
The global Multiwall Paper Bags market size is expected to reach USD 16.3 billion by 2028 at a CAGR of 3.8%, according to a new report by Reports and Data. Increasing usage of Multiwall Paper Bags across the food & grains, agriculture, buildings & construction, pharmaceutical, chemical, and retail & e-commerce industries is one of the most fundamental factors accountable for the growth of the global Multiwall Paper Bags market. The global market growth is expedited by the constant rise in construction activities around the world, especially in developing regions like India, technological advancements in packaging solutions, the expanding transportation & logistics sector, and the growing import and export of agricultural produce, food & beverages, pharmaceuticals, and industrial raw materials.
Multiwall Paper Bags are high-performance shipping bags, usually made of kraft paper or high-quality plastic. These bags are widely used in numerous end-use industries for the safe storage and transportation of powder materials like flour, foods and grains, seeds, building raw materials like cement, pharmaceutical goods, fertilizers, pesticides, animal fodder, etc. The various protective layers of this type of packaging are made of heavy-duty kraft paper/cardboard or high-performance plastic films, which are strong and durable and extend the shelf life of the product in transit. Moreover, Multiwall Paper Bags provide resistance to moisture and heat, protect against damage, and does not allow rodents and insects to penetrate. These bags are characterized by robust flexibility, elasticity, high tensile strength, enhanced durability, and wear & tear resistance. However, the global Multiwall Paper Bags market growth is limited due to the increasing environmental concerns regarding the use of plastic bags and stringent government norms against their disposal.
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Leading companies operating in the market are:
· Berry Global Inc
· Mondi Group
· El Dorado Packaging, Inc
· Lincon Polymers Pvt. Ltd
· Sonoco Products Company
· ProAmpac Holdings Inc
· Bag Supply Company, Inc
· Hood Packaging Corporation
· NNZ Group
· LC Packaging
· United Bags, Inc
· Material Motion, Inc
· Commercial Packaging
· Langston Companies, Inc.
Key Highlights of the Report:
- Based on the material type, the plastic segment is poised to hold the highest revenue share in the global Multiwall Paper Bags market over the forecast timeline. The escalating demand for multiwall plastic bags across the food & grains, agriculture, retail & e-commerce, buildings & construction, and pharmaceutical industries, owing to their lightweight, cost-efficiency, and flexibility, is a pivotal aspect of this segment’s growth.
- In terms of application, the food & grains segment led the global Multiwall Paper Bags market in 2020, retaining the largest market value. A significant rise in the global population, the subsequently growing demand for food, the flourishing agricultural sector, and technological innovations in agricultural practices are the crucial parameters fueling this segment’s growth.
- The Asia Pacific region is estimated to dominate the global Multiwall Paper Bags in the upcoming years, accounting for the largest market share. A constant rise in the region’s population, skyrocketing demand for packaged food, expanding workforces, and the booming agricultural and construction industries, specifically in developing countries like China and India, are the key Asia Pacific market growth drivers.
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The packaging sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.
The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
By Material Type (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
By Layer (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
By Application (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Food & Grains
- Buildings & Construction
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Benefits of Buying the Global Multiwall Paper Bags Report:
- Comprehensive analysis of the changing competitive landscape
- The report offers an 8-year forecast and assessment of the Global Multiwall Paper Bags Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Multiwall Paper Bags Market
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