What Fueled The Previous Growth In The Multiwall Bags Market?
The multiwall bags market has seen considerable growth due to a variety of factors.
• In recent times, there has been significant growth in the size of the multiwall bags market. Its value is projected to increase from $14.31 billion in 2024 to $15.03 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.0%.
The notable growth in the past can be credited to several sectors such as agriculture, food packaging, construction and building materials, pharmaceutical packaging and e-commerce packaging.
What Is The Expected Growth In The Multiwall Bags Market Size?
The multiwall bags market is expected to maintain its strong growth trajectory in upcoming years.
• It is predicted that the market size for multiwall bags will experience robust growth in the upcoming years, with an anticipated value of $18.44 billion in 2029, thanks to a compound annual growth rate (CAGR) of 5.3%.
The expected growth during the forecast period can be attributed to factors such as food safety regulations, retail packaging, health and cleanliness, customized printing, and industrial applications. Key trends during this forecast period include the use of biodegradable materials, innovative design, sustainability certifications, automated filling, and technological advancements.
What Are the Critical Driver Fuelling the Multiwall Bags Market's Growth?
The surge in the adoption of eco-friendly packaging options is anticipated to boost the progression of the multiwall bags market. These sustainable packaging methods are less harmful to the environment as they're made from recyclable materials, making them green alternatives. Multiwall bags align with this definition as they're recyclable and made from renewable resources. For example, a 2021 survey conducted by Trivium Packaging, a sustainable packing firm based in the Netherlands, revealed that 83% of more than 15,000 consumers across North America, Europe, and South America were willing to pay extra for sustainable packaging, an increase from 70% in the prior year. Consequently, the demand for sustainable packaging is fueling the expansion of the multiwall bags market.
How Is the Multiwall Bags Market segmented?
The 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
Subsegments:
1) By Paper-Based Multiwall Bags: Kraft Paper Bags, Poly Coated Paper Bags, Multi-Ply Paper Bags, Woven Paper Bags
2) By Plastic Multiwall Bags: Polyethylene (PE) Bags, Polypropylene (PP) Bags, Multi-Layer Plastic Bags, Biodegradable Plastic Bags
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What New Trends Are Influencing the Multiwall Bags Market?
Key players in the multiwall bags industry are expanding and advancing their technology, such as the introduction of new polyethylene (PE) to heighten barrier characteristics, augment strength and longevity, decrease weight, and endorse sustainability through increased recyclability and lessened environmental harm. The Recyclable Low-Friction Quality (LFQ) material denotes a sustainable substance that keeps low friction features while being manufactured for recyclability, enabling effective waste management and lessening environmental damage. For example, in September 2024, ProAmpac, a US-based packaging firm, unveiled the QUADFLEX Recyclable LFQ. This large-scale quad-seal pouch aims to meet the growing demand for eco-friendly packaging solutions for premium pet food, lawn and garden maintenance products, and dry foods weighing up to 40 lbs. The QUADFLEX Recyclable LFQ allows brands to retain the enhanced allure of a quad-sealed bag while supplying exceptional durability for heavier fill weights - all within an environmentally friendly package.
Who Are the Key Players in the Multiwall Bags Market?
Major companies operating in the multiwall bags market include:
• 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.
What Is The Most Dominant Region In The Multiwall Bags Market?
Asia-Pacific was the largest region in the multiwall bags market in 2024. The regions covered in the multiwall bags market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
