PUBLISHER: The Business Research Company | PRODUCT CODE: 1552454
PUBLISHER: The Business Research Company | PRODUCT CODE: 1552454
Multiwall bags (also known as multiwall sacks) are a type of packaging designed to provide durable and versatile solutions for storing and transporting a wide range of products. These bags are manufactured using multiple layers of paper, plastic or other types, offering enhanced strength and protection compared to single-layer bags. Multiwall bags are commonly used by various industries for packaging products that require safe, efficient and often bulk transportation.
The multiwall bags market consists of sales, by entities (organizations, sole traders or partnerships), of multiwall bags that refer to a type of industrial packaging made from multiple layers of paper or plastic. They are designed to provide strength, durability and protection for a variety of products such as guar gum, flour, cement, animal feed, chemicals and others.
The global multiwall bags market was valued at $11,841.9 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 2.0%.
Expansion Of The Building And Construction Industry
During the historic period, the expansion of the building and construction industries drove the growth of the multiwall bags market. The booming construction sector drove demand for cement packaged in multiwall bags. Infrastructure projects in the residential, commercial and industrial sectors require robust packaging solutions. Multiwall bags securely transport bulk materials such as cement and aggregates, ensuring logistics efficiency and safety. Their recyclable materials meet sustainability goals, supporting regulatory compliance in the construction industry. According to an analysis of data from the US Census Bureau by Deloitte Touche Tohmatsu Limited, a France-based professional services network company, total construction spending was $1.98 trillion in 2023, up 7.4% from August 2022. The main driver of this overall spending was non-residential construction spending, which grew at a rate of 17.6% over 2021. Additionally, in December 2022, according to Statistics New Zealand (Stats NZ), a New Zealand official data agency charged with the collection of statistics related to the economy, population and society, building activity in New Zealand increased by 3.8% in the September 2022, with residential building rising by 3.1% and non-residential building by 4.9%. The total value of building work completed in September 2022 reached $33 billion, marking a 20% increase compared to the 2021. Therefore, the expansion of the building and construction industries positively impacted the growth of the multiwall bags market.
Introduction Of Paper-Based High Barrier Technology For Food Packaging Solutions
Companies in the multiwall bags market are focusing on innovation in sustainable packaging with the introduction of paper-based high-barrier technology for food packaging solutions. This technology utilizes specially engineered paper with advanced barrier coatings or laminates that effectively block moisture, oxygen and other contaminants. It aims to replace traditional plastic-based packaging, offering a renewable and recyclable alternative. For example, in October 2023, ProAmpac, a US-based flexible packaging and material science company, introduced its ProActive Recyclable RP-1000 High Barrier (HB) paper-based technology, designed to address packaging needs across a variety of food products. RP-1000HB extends the ProActive Recyclable RP-1000 series with a patent-pending packaging system designed to offer enhanced protection against oxygen, moisture and grease. This innovation addresses critical challenges in preserving the shelf-life and quality of products such as dehydrated fruit, frozen foods, confections and flavoured oatmeal. By providing a robust barrier, RP-1000HB ensures that sensitive items remain fresh and maintain their integrity throughout storage and transportation, meeting the stringent demands of modern food packaging requirements.
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.
Multiwall Bags Global Market Opportunities And Strategies To 2033 from The Business Research Company 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.
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 from The Business Research Company 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.