Delvens published a new research publication on "Industrial Bags and Sacks Market Insights, to 2028" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Industrial Bags and Sacks Market was mainly driven by the increasing R&D spending across the world.
The global Industrial Bags and Sacks Market is expected to witness market growth at a rate of 3.2% in the forecast period of 2021 to 2028.
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The industrial bags & sacks refer to the type of industrial packaging that is developed from two type of plastic materials consisting of biodegradable and non-biodegradable. The non-biodegradable plastics are generally the highly preferred material for the production of industrial bags & sacks as they help in reducing the overall cost and have abundant availability of the material.
The increase in demand for food and beverages, grocery, dairy products among consumers is the factor that has supported long-term expansion for Industrial Bags and Sacks Market.
Key Players of Industrial Bags and Sacks Market
· Mondi
· ProAmpac
· Inteplast Group
· Dana Poly, Inc
· Raj Packaging Industries Ltd
· Rutan Poly Industries, Inc.
· New York Packaging & RediBagUSA
· PitchBook, Amcor plc
· AmeriGlobe L.L.C.
· BAG Corp.
· Bemis Company, Inc.
· Cascades inc.
· Greif
· International Paper.
· BWAY Corporation
· NEFAB GROUP
· Orora Packaging Australia Pty Ltd
· SCHÜTZ GmbH & Co. KGaA
· Sigma Plastics Group
· Smurfit Kappa
· Sonoco Products Company
· WestRock Company
· Industrial Packaging
· DuPont. And More
Regional Analysis
Europe dominates the industrial bags & sacks market due to the high demand for the LDPE & HDPE within the region.
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Recent Developments
In July 2020, Mondi Paper Bags, part of Mondi Group, has acquired two paper bag lines from Helwan Cement Company and InterCement Sacs, two major cement producers in Egypt. The acquired production lines will increase Mondi's capacity by approximately 60-80 million bags annually and strengthen Mondi's position in the Middle Eastern bag market, particularly in supporting suppliers to the construction industry.
In June 2020, Mondi, a leading global packaging and paper group, is committed to playing its part in the supply of essential products during the COVID-19 outbreak and has recently developed packaging for QIAGEN's SARS-CoV-2 coronavirus test kit.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Industrial Bags and Sacks Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Industrial Bags and Sacks Market is segmented into product type, layer, application and region.
On the basis of Product Type
· Paper based
· Plastic bags
On the basis of Layer
· 2-ply
· 3-ply
· others
On the basis of Application
· Food & grains
· Agriculture
· Building & Counstruction
· Chemical
· Retail
· Pharmaceuticals
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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