The study conducted by Future Market Insights estimates that the sewn open mouth and pinched bottom open mouth product types of industrial paper sacks market are estimated to cumulatively account for around 65% of market share in 2022 and the market valuation of these segments is projected to expand at a CAGR of 4.5% and 5.8% respectively during the forecast period 2022-28.
The APAC region is expected to drive the industrial paper sacks market and is estimated to hold a significant market share of around 27% in 2022.
Global ”Industrial Paper Sacks Market” research report is detailed businesses think about on the present state of the industry which studies innovative strategies for business growth and defines important factors such as top players, manufacture value, key regions, growth rate, suppliers, SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization and others.
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The report covers the present scenario and the growth predictions of the global Industrial Paper Sacks Market. To analyze the market scope, the report presents a comprehensive depiction of the market by the method of examining, mixture, and summation of data from numerous sources.
How will the Growing Demand for Sustainable Industrial Packaging Solutions among End-users Drive the Industrial Paper Sacks Market Growth?
Packaging manufacturers are focusing on meeting the needs of the growing cities by offering safe, sustainable and effective packaging solutions. Keeping in mind the future circular systems of cities, packaging manufacturers are incorporating highly sustainable materials in packaging.
Switching over to paper-based industrial packaging is increasing the recycling rate in many countries. Most end-users are adopting paper-based sacks over plastic ones as they reduce plastic waste. Additionally, industrial paper sacks are environment-friendly and can be 100% recycled. Industrial paper sacks are widely used in the building & construction industry mainly for cement as it improves working conditions.
Competitive Landscape
Leading industrial paper sacks manufacturers are launching new and innovative industrial paper sacks targeted for specific applications in the food, agriculture, chemical and building & construction end uses. Key players in the industrial paper sacks market are also making investments to increase their geographical footprint and manufacturing capabilities to enhance their global presence and market share.
For instance, in November 2021, Segezha Packaging LLC of Segezha Group in Karelia, Moscow installed two new production lines for paper sacks with an investment of RUB 2 billion.
In February 2020, Smurfit Kappa announced an investment of US$ 36 Mn for the expansion of its paper sack business in the Americas.
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Industrial Paper Sacks Market by Category
By Product Type:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Valve Sacks
- Open Mouth Sacks
By Grade:
- Unbleached
- Bleached
By Thickness:
- 1 ply
- 2 ply
- 3 ply
- >3 ply
By End Use:
- Building & Construction
- Mortar
- Cement
- Concrete
- Chemicals
- Agriculture & Allied Industries
- Crops
- Flour
- Coffee/Tea
- Fruits & Veg
- Seeds
- Animal Feed
- Others
- Food
- Sugar
- Salt
- Cacao
- Starch
- Others
- Other Industrial
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