Heavy Duty Bags & Sacks Market Size & Share | Global Industry Report for 2028

The Heavy Duty Bags & Sacks Market is experiencing a steady and upward trajectory, with an estimated value of US$ 13 billion by 2022, projected to reach US$ 16.6 billion by 2028, showcasing a Compound Annual Growth Rate (CAGR) of 3.6% from 2013 to 2021. Notably, the food and agricultural sectors are poised to seize a substantial portion, accounting for nearly 40% of the market share in 2022. Within this segment, heavy duty bags and sacks with capacities ranging from 20 to 40 kg are expected to reach a market value of US$ 8.0 billion by 2028, driven by a promising CAGR of 4.5% during the forecast period.

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Asia Pacific (APEJ) stands as a growth beacon, with Future Market Insights (FMI) predicting a significant 1.4x expansion in demand from 2022 to 2028. China, in particular, is set to catalyze this surge, generating incremental opportunities of approximately US$ 1 billion by 2028.

Moreover, in Western Europe, Germany and Italy jointly take the lead, projected to hold a considerable 40% market share of the overall heavy duty bags & sacks market, which is expected to extend to US$ 4.0 billion in 2022. This region also emerges as an “innovation initiator,” leveraging technologically advanced manufacturing units and robust recycling programs. Overall, the Heavy Duty Bags & Sacks Market displays promising growth potential, underpinned by diverse industry applications and regional dynamics.

Heavy Duty Bags & Sacks Market: Dynamics Impacting Revenue Growth

In the report, FMI suggests that increasing construction activities and industrialization in emerging countries is expected to be the key driving force for the growth of heavy-duty bags & sacks globally. 20 – 40 kg heavy duty bags & sacks are expected to be the most lucrative capacity type. The heavy-duty bags & sacks lie under this capacity provide ease of storage & transportation. In terms of material used, plastic accounts for nearly 55.0% of the total material used for heavy-duty bags & sacks market by market value.

The FMI study analyses the heavy-duty bags & sacks market in several regions and focuses on the key dynamics affecting the heavy-duty bags & sacks market, globally. With the growing demand from end-use industries such as building & construction, automotive, and food among others, the demand for heavy-duty bags & sacks is expected to gain traction.

These factors are expected to drive the growth of the global heavy duty bags & sacks market during the forecast period. In terms of end-use industries, the chemical & fertilizers segment is expected to drive the demand for heavy duty bags & sacks. The regulatory bans by governments across various countries over the use of plastic might hamper the growth of heavy-duty bags & sacks.

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Heavy Duty Bulk Bags & Sacks Market by Category

By Capacity, Heavy Duty Bags & Sacks Market is segmented as: