Global Industrial Bags Market, By Product (Gusseted Bags, Sewn Open Mouth Bags, Others), Material (Bio-Degradable, Non-Biodegradable), End Use (Food and Beverages, Pharmaceuticals, Electricals and Electronics, Agriculture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Industrial Bags Market
Global industrial bags market is expected to witness market growth at a rate of 3.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on industrial bags market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth of end user industries globally is escalating the growth of industrial bags market.
The industrial plastic bags are generally utilized for transporting industrial products at relatively low cost. These bags are also known as single-use bags as these bags are mostly used for short period of time. These bags assist in reducing the weight of goods and materials during transportation over other packaging solutions such as cartons and drums among others. These lightweight bags possess high elasticity which helps in adhering the weight of the product packed. The industrial bags are most suitable to carry dry products over other packaging bags such as paper bags and jute bags among others as they have excellent barrier properties.
The rise in demand for food and beverages, grocery, dairy products acts as one of the major factors driving the growth of industrial bags market. The growing traction of industrial plastic bags in humid regions with the purpose of providing protection against rain, moisture and other liquid contents and increase in adoption owning to its abrasion resistance accelerate the industrial bags market growth. The increase in demand for the bags because of its barrier properties, easy to open and pack feature and efficiency and the growth in their popularity due to their recyclable and reusable nature further influences the industrial bags market. Additionally, rapid industrialization, increase in retail outlets, rise in demand of consumer goods and increase in demand from healthcare and pharmaceutical sectors positively affect the industrial bags market. Furthermore, product development and innovations due to the shift consumer preference in towards bio-degradable industrial plastic bags extends profitable opportunities to the industrial bags market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in the raw material prices and implementation of stringent regulations are the factors expected to obstruct the industrial bags market growth. The rise in concerns regarding the recycling and environmental issues is projected to challenge the industrial bags market in the forecast period of 2021-2028.
This industrial bags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Bags Market Scope and Market Size
global industrial bags market is segmented on the basis of product, material and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the industrial bags market is segmented into gusseted bags, sewn open mouth bags and others.
- On the basis of material, the industrial bags market is segmented into bio-degradable and non-biodegradable.
- On the basis of end use, the industrial bags market is segmented into food and beverages, pharmaceuticals, electricals and electronics, agriculture and others.
Global Industrial Bags Market Country Level Analysis
The global industrial bags market is analyzed and market size, volume information is provided by country, product, material and end use as referenced above.
The countries covered in the global industrial bags market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the industrial bags market due to the growth of food and beverages sectors. North America is expected to witness high growth during the forecast period of 2021 to 2028 because of the growth of retail and supermarket and rapid urbanization in the region.
The country section of the industrial bags market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Bags Market Share Analysis
The industrial bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial bags market.
The major players covered in the industrial bags market report are Mondi, ProAmpac, Inteplast Group, Dana Poly, Inc., Raj Packaging Industries Ltd, Rutan Poly Industries, Inc., New York Packaging & RediBagUSA, PitchBook, Amcor plc, AmeriGlobe L.L.C, BAG Corp., Bemis Company, Inc., Cascades Inc., Greif, International Paper, BWAY Corporation, NEFAB GROUP, Orora Packaging Australia Pty Ltd, SCHÜTZ GmbH & Co. KGaA, Sigma Plastics Group, Smurfit Kappa, Sonoco Products Company, WestRock Company, Industrial Packaging, DuPont among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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