With the increasing sales of multiwall bags in recent years, the packaging business has seen substantial expansion. As per Future Market Insights (FMI), the multiwall bags market will grow by 4.4% between 2022 and 2032, reaching US$ 23 Bn by the end of the forecast period.
The need for multiwall bags is growing for packaging in fertilizer, textile, and cement industries. Furthermore, consumers are becoming more environmentally conscious, which has boosted the market for multiwall bags. Various layers of kraft paper are used to make multiwall bags. To prevent contamination, the inner layer of the multiwall bags is specifically coated and laminated. Multiwall paper bags are becoming increasingly popular as a result of the ability to customize the product for promotional purposes.
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Since many organizations do not consider regular plastic for packaging, rise of organized retail such as supermarkets and hyper markets will create prospects for sales of multiwall bags. The consistently expanding need for grain crops is fuelling the demand for fertilizers, especially in emerging nations, which is driving multiwall bags sales.
Key Takeaways from Global Multiwall Bags Market
- Multiwall bags market value will surpass US$ 14. 9 Bn in 2022
- APAC is projected to continue dominating the global market for multiwall bags.
- Food sector to remain primary end user of multiwall bags.
- Demand for multiwall bags in the U.S. will grow by 3%.
- Multiwall bags sales in India will pick up by 5.9% CAGR in India between 2022 and 2032.
“Eco-friendly paper-based multiwall bags packaging is expected to gain traction across various industries due to consumer preference for biodegradable packaging material and increasing emphasis towards environmental protection,” – said an FMI analyst
Demand for Packed Food Creating Prospects for Multiwall Bags Sales
The global multiwall bag market is looking at steady growth owing to the rising demand for packaged food products. Another important element driving the multiwall bag market growth is the demand for creative and sustainable packaging solutions.
Furthermore, the steadily expanding need for grain crops is resulting in high demand for fertilizers, particularly in emerging nations, which is driving demand for multiwall bags and is likely to drive the market through the forecast period.
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Global Multiwall Bags Market Landscape
Sonoco Products Company, Novolex, Wellform Packing Group Co., Ltd., Inteplast Group, ProAmpac LLC, Berry Global, Inc., Nihon Matai Co., Ltd., Gilchrist Bag Manufacturing LLC, Alpha Poly Corporation, Mondi Group, Klabin, Ross & Wallace Paper Products, Inc., Cromwell Polyethylene Ltd., Segezha Group LLC, Seevent Plastics Ltd., Wooderson Packaging Ltd., LC Packaging International BV, PH DOBIS Sp. z o.o., Muscat Polymers Pvt. Ltd., Detpak.
Global Multiwall Bags Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for Multiwall Bags market by Material (Plastic, and Paper), by Capacity (Up to 5Kg, 6Kg to 10Kg, 11Kg to 25Kg, and Above 25Kg), by End Use (Food, Chemical & Fertilizers, Building & Construction, Automotive, and Other End Use) across seven regions.
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
