This report describes and explains the multiwall bags market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global multiwall bags market reached a value of nearly $13.64 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.9% since 2018. The market is expected to grow from $13.64 billion in 2023 to $17.5 billion in 2028 at a rate of 5.1%. The market is then expected to grow at a CAGR of 5.6% from 2028 and reach $22.96 billion in 2033.
Growth in the historic period resulted from the expansion of the building and construction industry, increasing demand for ready-to-eat and convenience food products, growth in agricultural output and seed distribution and expansion of the pharmaceutical and healthcare sectors. Factors that negatively affected growth in the historic period include transportation costs and logistics challenges and economic uncertainties or downturns.
Going forward, the increase in the use of sustainable packaging solutions, rising disposable income, expansion of the e-commerce industry and growing cement industry will drive the market. Factors that could hinder the growth of the multiwall bags market in the future include rising costs of raw materials.
The multiwall bags market is segmented by product type into paper-based, plastic bags and other product types. The plastic bags market was the largest segment of the multiwall bags market segmented by product type, accounting for 54% or $7.36 billion of the total in 2023. Going forward, the paper-based segment is expected to be the fastest growing segment in the multiwall bags market segmented by product type, at a CAGR of 6.3% during 2023-2028.
The multiwall bags market is segmented by layers into 2-ply, 3-ply and other layers. The 3-ply market was the largest segment of the multiwall bags market segmented by layers, accounting for 43.9% or $5.99 billion of the total in 2023. Going forward, the other layers segment is expected to be the fastest growing segment in the multiwall bags market segmented by layers, at a CAGR of 5.8% during 2023-2028.
The multiwall bags market is segmented by application into food and grains, agriculture, building and construction, chemical, retail, pharmaceuticals and other applications. The food and grains market was the largest segment of the multiwall bags market segmented by application, accounting for 33.1% or $4.52 billion of the total in 2023. Going forward, it is expected to be the fastest growing segment in the multiwall bags market segmented by application, at a CAGR of 6% during 2023-2028.
Asia-Pacific was the largest region in the multiwall bags market, accounting for 36.5% or $4.97 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the multiwall bags market will be Asia-Pacific and South America, where growth will be at CAGRs of 6.3% and 5.2% respectively. These will be followed by the Middle East and Western Europe, where the markets are expected to grow at CAGRs of 5.1% and 4.3% respectively.
The global multiwall bags market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 28.2% of the total market in 2023. Sealed Air Corp. was the largest competitor with a 12.9% share of the market, followed by Mondi plc with 6.2%, Oji Fibre Solutions with 2.6%, ProAmpac Holdings Inc. with 1.5%, WestRock Company with 1.3%, Berry Global Inc. with 1.1%, Hood Packaging Corporation with 1%, Georgia-Pacific LLC with 0.7%, Napco Group with 0.6% and LC Packaging International BV with 0.4%.
The top opportunities in the multiwall bags market segmented by product type will arise in the paper-based segment, which will gain $1.83 billion of global annual sales by 2028. The top opportunities in the multiwall bags market segmented by layers will arise in the 2-ply segment, which will gain $1.59 billion of global annual sales by 2028. The top opportunities in the multiwall bags market segmented by application will arise in the food and grains segment, which will gain $1.53 billion of global annual sales by 2028. The multiwall bags market size will gain the most in China at $884.2 million.
Market-trend-based strategies for the multiwall bags market include introduction of paper-based high barrier technology for food packaging solutions, strategic partnerships and acquisitions among major players to expand product range, advancements in recyclable packaging technologies for the pet food industry and launch of eco-friendly sustainable film technology to minimize environmental impact.
Player-adopted strategies in the multiwall bags market include focus on expanding operational capabilities through strategic partnerships, new product launches and strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the multiwall bags companies to focus on sustainable packaging innovations, focus on advancing recyclable multiwall bag technologies, focus on eco-friendly film technology, focus on the fastest-growing paper-based segment, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution channels, focus on optimizing pricing strategies, participate in industry trade shows and conferences, continue to use B2B promotions and focus on targeting food and grains end-user segment.
The global multiwall bags market reached a value of nearly $13.64 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.9% since 2018. The market is expected to grow from $13.64 billion in 2023 to $17.5 billion in 2028 at a rate of 5.1%. The market is then expected to grow at a CAGR of 5.6% from 2028 and reach $22.96 billion in 2033.
Growth in the historic period resulted from the expansion of the building and construction industry, increasing demand for ready-to-eat and convenience food products, growth in agricultural output and seed distribution and expansion of the pharmaceutical and healthcare sectors. Factors that negatively affected growth in the historic period include transportation costs and logistics challenges and economic uncertainties or downturns.
Going forward, the increase in the use of sustainable packaging solutions, rising disposable income, expansion of the e-commerce industry and growing cement industry will drive the market. Factors that could hinder the growth of the multiwall bags market in the future include rising costs of raw materials.
The multiwall bags market is segmented by product type into paper-based, plastic bags and other product types. The plastic bags market was the largest segment of the multiwall bags market segmented by product type, accounting for 54% or $7.36 billion of the total in 2023. Going forward, the paper-based segment is expected to be the fastest growing segment in the multiwall bags market segmented by product type, at a CAGR of 6.3% during 2023-2028.
The multiwall bags market is segmented by layers into 2-ply, 3-ply and other layers. The 3-ply market was the largest segment of the multiwall bags market segmented by layers, accounting for 43.9% or $5.99 billion of the total in 2023. Going forward, the other layers segment is expected to be the fastest growing segment in the multiwall bags market segmented by layers, at a CAGR of 5.8% during 2023-2028.
The multiwall bags market is segmented by application into food and grains, agriculture, building and construction, chemical, retail, pharmaceuticals and other applications. The food and grains market was the largest segment of the multiwall bags market segmented by application, accounting for 33.1% or $4.52 billion of the total in 2023. Going forward, it is expected to be the fastest growing segment in the multiwall bags market segmented by application, at a CAGR of 6% during 2023-2028.
Asia-Pacific was the largest region in the multiwall bags market, accounting for 36.5% or $4.97 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the multiwall bags market will be Asia-Pacific and South America, where growth will be at CAGRs of 6.3% and 5.2% respectively. These will be followed by the Middle East and Western Europe, where the markets are expected to grow at CAGRs of 5.1% and 4.3% respectively.
The global multiwall bags market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 28.2% of the total market in 2023. Sealed Air Corp. was the largest competitor with a 12.9% share of the market, followed by Mondi plc with 6.2%, Oji Fibre Solutions with 2.6%, ProAmpac Holdings Inc. with 1.5%, WestRock Company with 1.3%, Berry Global Inc. with 1.1%, Hood Packaging Corporation with 1%, Georgia-Pacific LLC with 0.7%, Napco Group with 0.6% and LC Packaging International BV with 0.4%.
The top opportunities in the multiwall bags market segmented by product type will arise in the paper-based segment, which will gain $1.83 billion of global annual sales by 2028. The top opportunities in the multiwall bags market segmented by layers will arise in the 2-ply segment, which will gain $1.59 billion of global annual sales by 2028. The top opportunities in the multiwall bags market segmented by application will arise in the food and grains segment, which will gain $1.53 billion of global annual sales by 2028. The multiwall bags market size will gain the most in China at $884.2 million.
Market-trend-based strategies for the multiwall bags market include introduction of paper-based high barrier technology for food packaging solutions, strategic partnerships and acquisitions among major players to expand product range, advancements in recyclable packaging technologies for the pet food industry and launch of eco-friendly sustainable film technology to minimize environmental impact.
Player-adopted strategies in the multiwall bags market include focus on expanding operational capabilities through strategic partnerships, new product launches and strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the multiwall bags companies to focus on sustainable packaging innovations, focus on advancing recyclable multiwall bag technologies, focus on eco-friendly film technology, focus on the fastest-growing paper-based segment, expand in emerging markets, continue to focus on developed markets, focus on expanding distribution channels, focus on optimizing pricing strategies, participate in industry trade shows and conferences, continue to use B2B promotions and focus on targeting food and grains end-user segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Multiwall Bags Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Multiwall Bags Market Segmentation
11 Multiwall Bags Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Multiwall Bags Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Multiwall Bags Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global multiwall bags market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for multiwall bags? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The multiwall bags market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider multiwall bags market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by layers and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the multiwall bags market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type, by layers and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for multiwall bags providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Product Type: Paper-Based; Plastic Bags; Other Product Types2) By Layers: 2-Ply; 3-Ply; Other Layers
3) By Application: Food And Grains; Agriculture; Building And Construction; Chemical; Retail; Pharmaceuticals; Other Applications
Key Companies Mentioned: Sealed Air Corp.; Mondi plc; Oji Fibre Solutions; ProAmpac Holdings Inc.; WestRock Company
Countries: China; Australia; India; Indonesia; Japan; South Korea;New Zealand; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; multiwall bags indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sealed Air Corp.
- Mondi plc
- Oji Fibre Solutions
- ProAmpac Holdings Inc.
- WestRock Company
- Berry Global Inc.
- Hood Packaging Corporation
- Georgia-Pacific LLC
- Napco Group
- LC Packaging International BV
- Australian Multiwall Bag Co Pty Ltd
- Wellform Packing Group Co., Ltd.
- SAGAR PACKWELL PVT. LTD.
- Lincon Polymers Pvt. Ltd.
- Shanghai Ailu Package Co. Ltd
- ND Paper
- Nebig Verpakkingen B.V.
- Mondi Group
- NOVPLASTA CZ, s.r.o.
- PAPIER-METTLER
- CEE Schisler Packaging Solutions
- American Packaging Corporation
- ProAmpac Intermediate, Inc
- Gelpak
- Southern Packaging LP
- Novey Bag Co
- Stephen Gould
- Tetrafab Custom
- Arizona Bag Company
- El Dorado
- Standard Multiwall Bag Mfg. Co
- Grupo Gondi
- Conplaspel Sacei
- Zucamor SA
- EGGER Group
- Klabin
- Arauco
- Sack Kraft
- Empresas CMPC
- Palmetto Industries
- Hotpack Packaging Industries LLC
- Gulf East Paper And Plastic Industries LLC
- Packteck
- RETQA PAPER BAGS
- Green Age Partners
- Nampak Sacks
- Shuaiba Industrial Company
- Lanpack
- Kiki Bags
- Golden Pack for Packaging Industries
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 294 |
Published | September 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 13.6 Billion |
Forecasted Market Value ( USD | $ 23 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |