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Industrial Sacks Market to Reach USD 18.60 Billion by 2029 - Arizton

Industrial Sacks Market Research Report by Arizton

Industrial Sacks Market Research Report by Arizton

According to Arizton's latest research report, the industrial sacks market is growing at a CAGR of 4.18% from 2023 to 2029.

To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/4061

The global industrial sacks market is driven by innovative offerings. Businesses require sack manufacturers to develop sacks that can provide essential product protection, enable ease of handling, prevent dirt from entering, and have printability features. Innovation is expected to remain the key to growth for industrial sack vendors during the forecast year.

Innovation is a key to growth in the global industrial sacks market. With the changing market dynamics, sack manufacturers, too, have witnessed a significant transformation in the way that sacks are delivered to customers. Ranging from varying customer needs to diverse geographic regulatory environments, the global industrial sacks market has witnessed considerable modifications in its product offerings. The need to innovate has become a necessity for vendors catering to the global industrial sacks market. Numerous vendors launched innovative industrial sacks to meet the growing market demand. These innovations blend paper sacks, woven polypropylene (PP) laminated sacks, and plastic sacks. Major global industrial sacks market vendors, such as Mondi PLC and BillerudKorsnäs, made significant innovative contributions to the market via their creative sack products.

The industrial sacks market in Africa and Latin America is largely serviced by small vendors using low-grade plastic and low-quality machinery sourced from China. The scope for big players to expand and set up facilities in emerging countries is high. However, the main challenging factor is the lack of logistics and infrastructure availability that would increase the operational cost and eventual price rise of industrial sacks. Manufacturers usually procure plastic resins from various sources spread across geographies. However, in some regions/countries, such as Japan, New Zealand, and Southeast Asian countries, such as Thailand and Malaysia, vendors of industrial sacks are dependent on 1 or 2 significant suppliers for plastic resin, which makes the bargaining power tilted toward suppliers and leads to a higher risk of supply chain disruptions. One of the growth drivers that remains integral to these growth stories is the consumer economy, which includes the retail and agriculture sectors, which are vital and perennial in demand, insulated from much of the macroeconomic downturns.

Competitive Overview

Small and medium enterprises dominate a vast segment of the global industrial sacks market. Prominent players aggressively adopt an inorganic growth strategy to expand their operations in many regions. They have technological strength and high-volume product lines that help offset cost variations. Small companies focus on customization, as the competition in the market is mainly based on two aspects: features and price. The niche segment that does not have large volumes is largely dependent on small packaging companies. Many new companies emerged in APAC as the e-commerce industry increased the demand for industrial sacks. China has a well-established plastics industry and is one of the major exporters of plastic resin. This easy availability of raw materials combined with low labor costs helped packaging companies in China survive the intense competition. The market has witnessed many mergers and acquisitions transactions in the last few years. Thus, consolidation is expected to grow further, especially in Europe. More than 80% of the companies in the global industrial sacks market have revenues of less than $200 million. Moreover, large companies with revenues of more than $800 million account for around 50% of the market.

In 2022, Mondi, a packaging and paper solutions provider, will commence operations at its new production plant in Tangier, Morocco. The company has invested over $17.5 million to increase production capacity in West Africa to over 500 million bags annually. This initiative aims to meet the growing customer demand for paper bags in the region. This production plant marks Mondi's fourth site in West Africa, in addition to two plants in Morocco and one in Ivory Coast.

Segezha Group is a Russian packaging solution provider. In 2022, the company will hold over 60% and 11% market share in Russia and Europe's paper sacks production market, respectively. It supplies products to leading chemical, cement, agriculture, and retail manufacturers. The company's production facilities are in Germany, Italy, the Netherlands, Denmark, Romania, the Czech Republic, and Turkey. Segezha Group produces 720 million paper sacks every year across Europe and Russia.

About the Report:

The report considers the present scenario of the global industrial sacks market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the industry. It also profiles and analyzes leading companies and several other prominent companies operating in the industry.

Buy this Research @ https://www.arizton.com/market-reports/industrial-sacks-market

Post-Purchase Benefit              
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Key Company Profiles
Berry Global
BillerudKorsnäs
Mondi
Segezha Group
Smurfit Kappa
Sonoco
Westrock
Amcor
Al-Tawfiq
American Packaging Corporation
Bischof+Klein
ProAmpac
Huhtamaki
International Paper
ITP
Palmetto Industries International Inc.
Southern Packaging, LP
United Bags, Inc.
Nilay Paper Products
SHU Packaging Co., Ltd
RKW Group
Global-Pak
Polypack Packaging
Walki Group
Ringmetall SE
El Dorado Packaging
DS Smith
E.I. Du Pont de Nemours & Co
Emmbi Industries
Hood Packaging
INDEVCO
Knack Polymers
LC Packaging
Maruti Bulk Packaging
Muscat Polymers
Nampak Packaging
Nihon Matai
Oji Holdings
QTL Bags

Market Segmentation
Sack Types
WPP Non-laminated Sacks
Paper Sacks
WPP Laminated Sacks
FFS Sacks
Other Plastic Sacks

Product Type
Sewn Open Mouth
Pasted Valve
Gusseted Sacks
Pinch Bottom Open Mouth
Other Sack Type

End Users
Building & Construction
Food & Beverages
Chemicals & Fertilizers
Retail
Animal Feed
Others

Geography

APAC
China
India
Japan
Australia

Europe
Germany
The UK
France
Italy
Spain
Benelux

North America
The US
Canada

Middle East & Africa
Saudi Arabia
The UAE
South Africa
Turkey

Latin America
Brazil
Mexico
Argentina
Chile

Key Questions Answered in the Report:
How big is the industrial sacks market?
What is the growth rate of the global industrial sacks market?
Which region dominates the global industrial sacks market share?
What are the significant trends in the industrial sacks market?
Who are the key players in the global industrial sacks market?

Get the Detailed Table of Contents of the Report @ https://www.arizton.com/market-reports/industrial-sacks-market?details=tableOfContents

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About Us:                                           

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.                                         

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.                                          

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.                                           

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