Lucintel Forecasts the Global Heavy Duty Bag and Sack Market to Reach $18.9 billion by 2030
Lucintel Forecasts the Global Heavy Duty Bag and Sack Market to Reach $18.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global heavy duty bag and sack market looks promising with opportunities in the food, agriculture, chemical & fertilizer, building & construction, and automotive markets. The global heavy duty bag and sack market is expected to reach an estimated $18.9 billion by 2030 from $13.9 billion in 2023,at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising demand for packaging solutions in various industries, growth in the building industry along with the agriculture sector's expansion, as well as, increasing need worldwide for heavy-duty bags and sacks for packaging food, fertilizers, and petrochemicals.
A more than 150-page report to understand trends, opportunity and forecast in heavy duty bag and sack market to 2030 by capacity (less than 20 kg, 20 - 40 kg, and above 40 kg), material type (paper, plastic, and jute), product type (open mouth, pasted valve, gusset bags, rubber sacks, woven sacks, and trash sacks), end use (food, agriculture, chemical & fertilizer, building & construction, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that paper is expected to witness the highest growth over the forecast period.
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APAC is expected to witness highest growth over the forecast period due to greater inclination toward inexpensive packaging, and growing industrialization in the region.
Mondi, Sonoco Products Company, Berry Global, ProAmpac, LC Packaging, Segezha, Al-Tawfiq Company are the major suppliers in the heavy duty bag and sack market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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