The industrial paper sacks market is expected to witness steady growth during the forecast period, with a projected compound annual growth rate (CAGR) of 4.2%. The market is anticipated to expand from its estimated value of US$ 3.6 billion in 2023 to reach a value of US$ 5.4 billion by 2033.
The increasing adoption of sustainable solutions by businesses and packaging systems is driving the growth of the industrial paper sacks market. Government support for paper packaging as an alternative to plastic is also contributing to the market expansion.
Brown paper bags and multiwall paper bags are gaining popularity in various industries such as fast-moving consumer goods (FMCG), pharmaceuticals, fashion, and footwear. These paper bags offer increased sustainability and are durable and strong, making them suitable for packaging purposes.
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8176
The market growth is further propelled by the demand for paper sacks in the packaging of construction materials and increasing industrial applications. Government initiatives to support regional businesses in the production of multiwall paper bags are also stimulating market growth.
Factors such as ongoing product developments, the development of societal infrastructure, and the exploration of new markets are expected to contribute to the growth of the industrial paper bag market.
Overall, the industrial paper sacks market is witnessing positive growth due to the increasing adoption of sustainable packaging solutions, government support, and the versatility of paper bags across various industries.
Key Points
- The market in China is likely to lead the industrial paper sacks market in terms of CAGR and market share. The market is expected to record a CAGR of 6.9% during the forecast period. The market growth is attributed to the growing environmental consciousness among people, along with the growing sustainable packaging businesses. The regional market is expected to hold a value of US$ 1.4 billion by 2033.
- The United States industrial paper sacks market is another significant market with an expected CAGR of 3.1% between 2023 and 2033. The regional growth is attributed to the stringent government rules around the use of plastic and increased consumer consciousness. The market is anticipated to reach a value of US$ 991.2 million by 2033.
- The unbleached segment is likely to thrive in the grade type category as it is anticipated to record a CAGR of 4.0% between 2023 and 2033. The growth is attributed to factors like the rusty look, better customization options, and economical price.
- The pinched bottom open-mouth segment is expected to top the product type category with an expected CAGR of 4.3% during the forecast period. The growth of this segment is fueled by higher consumption.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-8176
Competitive Landscape
The key competitors focus on producing durable paper sacks that can carry industrial and construction materials. Key players also focus on using better GSM paper with high-quality processing. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
The key players in the market are Mondi Group, Smurfit Kappa, Klabin S.A, Billerudkorsnas AB, Gascogne Group, Segezha Group, LC Packaging International BV, Simpac Ltd., Edna Group, Essentra plc, Kapstone Paper & Packaging Corp., Rosenflex UK Ltd., Novolex Holdings Inc., Bischof & Klein GmbH & Co. KG, Indevco, Rengo Co. Ltd., and Conitex Sonoco Inc.
Recent Market Developments
- Bischof & Kleisuch GmbH & Co has introduced its convertible packaging for construction materials such as U-pack (45% recycled material) and stand-up pouch (30% recycled material).
- Mondi Group has launched its white sack kraft paper that is in high demand across industries. The packaging offers strength, porosity, and printability.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-8176
Key Segments
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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com