Global Industrial Sacks Market Outlook and Forecast Report 2019-2024 Featuring BillerudKorsns, Berry Global, Smurfit Kappa, Mondi & WestRock - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 24, 2019--The “Industrial Sacks Market - Global Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global industrial sacks market is projected to produce unit volumes of around 142 billion sacks by 2024, growing at a CAGR of more than 3% during 2018-2024.
The rapid changes in the trade patterns, agricultural income in emerging economies, growing end-user demands, and variations in environmental regulations are encouraging the players to invest in innovations of products in the global market. The growing popularity of reusable produce bags and food packaging solutions are contributing to the growing revenues in the market.
The global industrial sacks market is driven by the growing demand from emerging economies such as APAC, Latin America, and MEA. The implementation of regulated environmental laws restricting the usage of a specific type of sack for packaging and transporting is contributing to the transformation of the global market.
Industrial Sacks Market - Dynamics
Innovative offerings are the easiest way to gain a larger global industrial sacks market share. Innovations in the variety of sack types such as paper sacks, woven PP laminated sacks, and plastic sacks will help players boost their profitability in the global market. Major vendors such as Mondi PLC and BillerudKorsns have made significant innovative contributions to the market via their creative sacks in the market.
The exponential growth of the cement packaging industry will create lucrative opportunities for prominent players operating in the global industrial sacks market. Nature and usability aspects of cement and its related products are driving the demand for sacks in the global market. India is the second largest producer of cement globally and contributes significantly to the cement demand not just within but even outside the country in the market.
Key Vendor Analysis
The global industrial sacks market is highly competitive due to the presence of various international and regional players. The increasing focus on innovative product offerings, mergers & acquisitions, private equity investors, and huge investments across R&D will help vendors to sustain the intense competition levels in the global market.
The major vendors in the global industrial sacks market are:BillerudKorsns Berry Global Smurfit Kappa Mondi WestRock
Market Growth EnablersPackaging transformation from protection to promotion Technological advancements fuelled by customer demand Progress driven by growth in end-user industries Consumer preference for sustainable packaging
Market Growth RestraintsVulnerability of sack products to unfavorable exposure Regulatory landscape poses hurdles to market growth Price inflation driven by supply shortage Global cement demand hampered by slowdown in China
Market Opportunities & TrendsInnovative offerings boosting demand for industrial sacks India emerging as new driving force in the cement industry Optimistic macroeconomic growth in emerging economies Market preference for industrial paper sacks
Companies MentionedUmasreeTexplast DS Smith Conitex Sonoco Nihon Matai Seevent ProAmpac Knack Polymers Gopinath Enterprises QTL Bags Maruti Bulk Packaging United Bags Uflex Limited Nampak Packaging El Dorado Packaging Hood Packaging Al-Tawfiq Segezha Group LC Packaging STP (Shree Tirupati Polypack) Danang Plastic Joint-Stock Company Thrace Plastics Holding and Commercial Berry Global BillerudKorsns E.I. Du Pont de Nemours & Co Amcor International Paper WestRock INDEVCO Oji Holdings Smurfit Kappa Mondi Group
For more information about this report visit https://www.researchandmarkets.com/research/rtwskh/global_industrial?w=4
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SOURCE: Research and Markets
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PUB: 01/24/2019 05:25 AM/DISC: 01/24/2019 05:25 AM