This market research report on the global industrial sacks market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by industrial application (building & construction, food & beverage, chemicals & fertilizers, retail, animal feed, and others), by sack type (FFS, paper sacks, woven PP laminated, woven PP non-laminated, and plastics), and by geography (APAC, Europe, North America, Latin America, and MEA).
Various brands are utilizing packaging as an aggressive tool for marketing and conveying their message to the customers, thereby, driving the growth of the global industrial sacks market. The manufacturers are designing products that cater to a wide range of end-use applications across several industries in the market. The packaging designs focus on the estimates mandatory to withstand all types of conditions and enable effective branding of the product in the global market. Vendors are integrating core features such as durability for rough handling, quick filling feasibility, and lightweight for convenient transportation to attract a maximum number of consumers in the global market. The government initiatives such as EU directive to restrict the usage of plastics followed by the ban of plastics for packaging across countries such as India and China are leading to the development of sustainable alternatives for packing products across industries in the market. The emerging conscientiousness to use eco-friendly materials will encourage the consumers to gravitate towards these products in the market.The introduction of the modern paper sacks that are recyclable, renewable, and most importantly biodegradable by nature address the diverse needs of the end-users across industries in the market. The leading vendors are devising strategic initiatives of acquiring companies, benefitting them via the long-term prospects in the global industrial packaging market. Industries such as food & beverages, building & construction, chemicals & fertilizers, animal feed, and retail are the major end-users in the global industrial sacks market.
The rapid changes in the trade patterns, agricultural income in emerging economies, growing end-user demands, and variations in environmental regulations are encouraging the players to invest in innovations of products in the global market. The growing popularity of reusable produce bags and food packaging solutions are contributing to the growing revenues in the market. The global industrial sacks market is projected to produce unit volumes of around 142 billion sacks by 2024, growing at a CAGR of more than 3% during 2018-2024.
The substantial inclination towards the development and adoption of industrial paper sacks will revolutionize the global industrial sacks market during the forecast period. The incorporation of various regulatory restrictions for usage of plastics as well as the increasing awareness amongst brands across all stages of the value chain is driving the demand for paper related products in the global market. The evolution of the customer consciousness toward the use of an alternative material for plastics is one of the main driving factors of these products in the market. The end-user industries such as the buildings and constructions have already started to observe a surge in the usage of paper packings in the global market. The launch of QuickFill Clean Sacks is promoting dust-free solutions in the cement industry along with other features such as more than 5% reduction in wastage, increased filling speed by more than 20%, up to 30% less consumption of material, and enhanced sack production efficiency by more than 30%. Mondi and Smurfit Kappa are among the leading vendors offering innovative paper solutions in the global industrial sacks market. These types of packets will also help reduce operations costs, transportations costs, and increase profit in the market.
This market research report includes a detailed segmentation of the market by industrial application, sack types, and geography.
Industrial Sacks Market – By Sack Type
Woven PP non-laminated segment aims to replace plastic materials in the global industrial sacks market
The global industrial sacks market by sack type is segmented into FFS, paper sacks, woven PP laminated, woven PP non-laminated, and plastics. Woven polypropylene (PP) non-laminated segment dominated around half of the total market share in 2018, growing at a CAGR of over 3% during the forecast period. These products are considered to be slightly slippery and are separated easily making them usable across a limited number of industrial applications in the global market. These packaging design comprise the same PP/HDPE materials and tend to provide almost equivalent features depending upon the final usage of the sacks in respective market segments. The woven PP non-laminated lag behind from its other laminated counterparts on the basis of strength, costs, and environmental factors in the market. The players are marketing these as a feasible solution for replacing plastic materials in the global industrial sacks market.
Paper products are used to maintain freshness, resist moisture, decrease infestation, and lock-in foul smell in the global packaging market. The growing popularity of woven pp laminated sacks is attributed to their effective response to moisture, chemicals, and an effective resistance towards infestation in the market. Form-fill-seal(FFS)packets provide a wide variety of advantages such as downgauging, fast filling, the barrier to moisture, vermin infestation, aromas, and strong mechanical properties in the global industrial sacks market.
Industrial Sacks Market – By Industrial Application
APAC’s agricultural boom contributes to the growth of the chemical & fertilizers segment in the global industrial sacks market
The industrial application in the global industrial sacks market is classified into building & construction, food & beverage, chemicals & fertilizers, retail, animal feed, and others. The chemical and fertilizer is the fastest end-user segment in the global market, growing at a CAGR of more than 3% during the forecast period. The exponential changes in the trade scenarios, rising demand from end-users, increasing agricultural income across developing nations, and the introduction of latest technologies such as genomics, agricultural biotechnology, and organic farming are of the primary factors attributing to the growth of this segment in the global market. A large number of agricultural activities and establishment of several agro-manufacturing units across the APAC region is creating lucrative opportunities for the companies operating in the industrial packaging industry. Woven PP laminated products are suited feasible for packaging chemicals and fertilizers of wide variants in the global market. The vendors are introducing specific products designed specifically for the chemicals & fertilizers industry to boost their revenues in the global industrial sacks market.
The development of education, healthcare, and social infrastructure is providing ample opportunity for players that supply to the building & construction industry in the global market. The growing focus on protection against spillage & spoilage, extreme weather conditions, moisture, insect infestation, and microorganisms in the food & beverage sector will lead to the evolution of the global industrial sacks market over the next few years. The exponential rise in the broiler and pig feed production will lead to the increasing demand for the packaging variant in the global market.
Industrial Sacks Market – By Geography
The surge in APAC’s industrial process and consumption pattern will drive profits in the global industrial sacks market
The global industrial sacks market by geography is categorized into APAC, Europe, North America, Latin America, and MEA. APAC occupied the largest global market share in 2018, growing at a CAGR of over 3% during the forecast period. The fast-growing economic conditions and rapid increase in consumption rates are propelling the growth of the APAC region in the global market. Countries such as China, Japan, South Korea, and India are contributing to the revenues in the APAC market. The increase in construction activities will drive the demand for industrial packaging solutions in the APAC market. The growth in the per capita disposable income is leading to a rise in the expenditure on high-end products, consumer packaged goods, retail, and infrastructure, thereby, contributing to the profits in the APAC market. China and India are the fastest growing economies in APAC and rest of the world, creating lucrative opportunities for top players operating in the global industrial sacks market.
The growth in end-user industries such as food & beverage and retail in the US and Canada is contributing to the revenues across the North American region in the global market. The EU directives regulating the packaging industry is augmenting the development in the European market. Brazil, Mexico, and Argentina in the Latin American region fuel the growth of the global industrial sacks market.
The key countries profiled in the report are:
Key Vendor Analysis
The global industrial sacks market is highly competitive due to the presence of various international and regional players. The increasing focus on innovative product offerings, mergers & acquisitions, private equity investors, and huge investments across R&D will help vendors to sustain the intense competition levels in the global market. The quality of products and price differentiation will encourage the players to invest in development and innovations in the market. The rise in GDP across geographies, the growing young populace, rising consumer income, and increasing customer awareness for sustainable packaging solutions will drive the competition levels in the global industrial sacks market.
The major vendors in the global industrial sacks market are:
Other prominent vendors in the global industrial sacks market include E.I. Du Pont de Nemours & Co, Thrace Plastics Holding and Commercial, International Paper Company, Danang Plastic Joint-Stock Company, UmasreeTexplast, STP (Shree Tirupati Polypack), LC Packaging, Muscat Polymers, Segezha Group, Al-Tawfiq, Hood Packaging, El Dorado Packaging, Nampak Packaging, Uflex Limited, INDEVCO, Oji Holdings, United Bags, Maruti Bulk Packaging, QTL Bags, Gopinath Enterprises, Knack Polymers, ProAmpac, Seevent, Nihon Matai, Conitex Sonoco, DS Smith, and Amcor.
Key market insights include
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