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Multiwall Bags Market Trends

  • Report ID: GMI10596
  • Published Date: Aug 2024
  • Report Format: PDF

Multiwall Bags Market Trends

The multiwall bags industry is witnessing a strong trend towards sustainable packaging solutions. Increasing environmental awareness and regulatory pressures are driving demand for eco-friendly materials and practices. Companies are shifting towards biodegradable and recyclable materials for multiwall bags, such as paper-based laminates and compostable plastics. Innovations in barrier coatings and design are enhancing the sustainability credentials of these bags without compromising on performance. This trend is not only driven by consumer preferences but also by corporate sustainability goals, leading to a broader adoption of greener packaging solutions across various industries including food, agriculture, chemicals, and construction materials.
 

Another significant trend in the multiwall bags market is the continuous advancement in barrier properties. Manufacturers are investing in research and development to improve the resistance of bags against moisture, oxygen, and other external factors that could affect product integrity. Advanced coatings and laminates are being developed to enhance the shelf life of packaged goods, particularly in sensitive industries like food and pharmaceuticals.
 

These technological advancements are not only improving the performance of multiwall bags but also expanding their applications into new sectors where stringent packaging requirements are essential. This trend underscores the market's focus on delivering high-quality and reliable packaging solutions that meet evolving customer expectations for product safety and longevity. For instance, In May 2023, GELPAC, a North American leader of high-performance packaging solutions announces the strategic acquisition of STANDARD BAG, a Standard Multiwall Bag Mfg. Co. a specialty manufacturer of industrial and food grade multiwall and wovenpoly laminated bags essential to the efficient handling of raw materials and finished products by major players in the agrifood, pharmaceutical, and industrial markets.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for multiwall bags was valued at USD 13.42 billion in 2023 and is anticipated to grow at over 3.5% CAGR between 2024 and 2032 driven by the increasing demand for eco-friendly packaging.

The paper bags segment in the multiwall bags market is expected to reach over USD 8 billion by 2032 due to their eco-friendly nature and versatility.

Asia Pacific market accounted over 35% share in 2023 due to strong manufacturing capabilities, extensive consumer base, and diverse industrial sectors.

Mondi Group, WestRock Company, Smurfit Kappa Group, Sonoco Products Company, Bag Supply Company, Inc., and LC Packaging International BVI

Multiwall Bags Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 26
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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