Global Multiwall Bags market segments 2024, Forecast To 2033
6 Feb, 2024
The multiwall bags market has shown steady growth, increasing from $13.65 billion in 2023 to $14.29 billion in 2024, indicating a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period is attributed to the agriculture sector, food packaging, construction and building materials, pharmaceutical packaging, and e-commerce packaging. Anticipating strong growth in the next few years, the market size is expected to reach $17.46 billion in 2028, supported by an expected CAGR of 5.1%. This growth in the forecast period is linked to food safety regulations, retail packaging, health and hygiene, custom printing, and industrial applications. Major trends in the forecast period include biodegradable materials, innovative designs, sustainability certifications, automated filling, and advancements in technology.
Global Multiwall Bags Market Key Driver
The multiwall bags market is witnessing growth with the increasing use of sustainable packaging solutions. Consumers' willingness to pay more for sustainable packaging rose from 70% to 83% between 2020 and 2021. The eco-friendly nature of multiwall bags, easily recyclable and made from renewable materials, aligns with the growing preference for sustainable packaging. The market for multiwall bags is driven by the increased use of sustainable packaging, projecting market sizes in 2023, 2024, and 2028.
Get A Free Sample Of The Global Multiwall Bags Market ReportGlobal Multiwall Bags Market Segments
The global multiwall bags market covered in this report is segmented –
1) By Product Type: Paper Based, Plastic Bags
2) By Layer: 2-Ply, 3-Ply, Others Layers
3) By Application: Food And Grains, Agriculture, Building And Construction, Chemical, Retail, Pharmaceuticals, Others Applications
By Geography: The regions covered in the Multiwall Bags market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the multiwall bags market in 2023. The regions covered in the multiwall bags market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Multiwall Bags Industry Players
Mondi Group, Berry Global Inc., Sonoco Products Company, Hood Packaging Corporation, Manyan Inc, Lincon Polymers Pvt. Ltd., ProAmpac Holdings Inc., Global-Pak Inc., LC Packaging International BV, NNZ Group, Premier Polymer Inc., United Bags Inc., Langston Companies Inc., Trombini Embalagens S.A., Nebig Verpakkingen B.V., El Dorado Packaging Inc., Material Motion Inc., MIDCO Global, San Miguel Yamamura Woven Products Sdn Bhd, Oji Fibre Solutions Limited, Sanghavi Global, Napco National, Corman Bag Co. Inc., Bag Supply Company Inc., Southern Packaging LP, Novey Bag Co., Stephen Gould Corp., Mil-Spec Packaging of GA Inc.
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Multiwall Bags Market Overview
Multiwall bags are bags that have multiple layers and are an affordable, adaptable, and flexible packaging option composed of sustainable and renewable materials and extremely robust and lasting. The multiwall bags are used for shipment and storage of bulk and powder goods such as cement, chemicals, fertilizers, and so on.
Multiwall Bags Global Market Report 2023 provides data on the global multiwall bags market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The multiwall bags market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.