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Multiwall Bags - Global Market Outlook (2019 -2027)

Multiwall Bags - Global Market Outlook (2019 -2027)

4.8 (94 reviews)
Published: March 2021 ID: SMRC20309
4.8 (94 reviews)
Published: March 2021 ID: SMRC20309

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Multiwall Bags Market is accounted for $11.92 billion in 2019 and is expected to reach $18.29 billion by 2027 growing at a CAGR of 5.5% during the forecast period. Increase in the innovations in packaging materials and the rising growth of the real estate industry in developing countries are the major factors propelling the market growth. However, the sustained use of single-ply bags is hampering the market growth.

Multiwall bags are shipping containers made of high-quality plastic or paper (usually kraft paper) that offer robust protection during storage and transportation of a product and prolong its shelf life. The inner layer of the multiwall bags is mainly coated and laminated to prevent contamination. Multiwall bags are typically characterized by their tensile strength, high elasticity, flexibility, durability, and wear & tear resistance.

Based on the product type, the plastic bags segment is estimated to have a lucrative growth during the forecast period due to the increase in the demand for plastic bags across various applications in the food & grains, pharmaceutical and retail industries because of the rise in the demand for lightweight, cost-effective, and convenient packaging solutions. By geography, Asia Pacific is going to have a huge demand during the forecast period due to the factors such as growing working population, improving global economy, and increasing domestic demand for ready-to-eat & convenience food products. 

Some of the key players profiled in the Multiwall Bags Market include Bag Supply Company, Berry Global Inc., Commercial Packaging, Corman Bags, El Dorado Packaging, Inc., Global-Pak Inc., Hood Packaging Corporation, and Langston Bag, LC Packaging, Lincon Polymers Pvt. Ltd, Manyan Inc., Material Motion Inc., Midco Global, Mondi Group, Napco National, Nebig Verpakkingen Bv, NNZ Group, and OJI Fibre Solutions (Nz) Ltd.
 
Product Types Covered:
• Plastic Bags
• Paper Bags

Layers Covered:
• 2-Ply
• 3-Ply

Applications Covered:
• Agriculture
• Building & Construction
• Chemical
• Food & Grains
• Pharmaceuticals
• Retail
• Textiles
• Fertilizers

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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