What Are The Forecasted Market Size And Growth Rates For The Global Multiwall Bags Market?
The multiwall bags market size has displayed a steady growth over the years. The market value is anticipated to increase from $14.31 billion in 2024 to $15.03 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.0%. The recent growth seen during this period can be largely attributed to the expanding sectors of agriculture, food packaging, construction, building materials, pharmaceutical packaging, and e-commerce packaging. Moving into the future, the market size is expected to rise further, making its way up to $18.44 billion in 2029, with a robust CAGR of 5.3%. Anticipated growth in the predicted period may be primarily driven by factors such as the enforcement of food safety regulations, demand for retail packaging, emphasis on health and hygiene, customisation in printing, and industrial applications. On the horizon, trends like the use of biodegradable materials, design innovations, sustainability certifications, automated bag filling and advancements in technology are set to propel industry growth further.
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What Factors Are Propelling The Growth Of The Multiwall Bags Market?
The growth of the multiwall bags market is increasingly driven by the extensive use of sustainable packaging solutions. These solutions are eco-friendly and have minimal environmental impact as they are made from recyclable and renewable materials, and multiwall bags fit perfectly into this category. A 2021 survey by Netherlands-based sustainable packing company, Trivium Packaging, revealed that 83% of consumers from North America, Europe, and South America were willing to pay more for sustainable packaging, up from 70% in the previous year. Therefore, this shift towards sustainable packaging is considerably driving the growth of the multiwall bags market.
What Are The Key Segments Of The Multiwall Bags Market?
The major segments of the multiwall bags market covered in this report include:
1) By Product Type: Paper Based, Plastic Bags
2) By Layer: 2-Ply, 3-Ply, Others Layers
3) By Application: Food And Grains, Agriculture, Building And Construction, Chemical, Retail, Pharmaceuticals, Others Applications
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Who Are The Major Players In The Multiwall Bags Market?
Major companies operating in the multiwall bags market include Mondi Group, Berry Global Inc., Sonoco Products Company, Hood Packaging Corporation, Manyan Inc, Lincon Polymers Pvt. Ltd., ProAmpac Holdings Inc., Global-Pak Inc., LC Packaging International BV, NNZ Group, Premier Polymer Inc., United Bags Inc., Langston Companies Inc., Trombini Embalagens S.A., Nebig Verpakkingen B.V., El Dorado Packaging Inc., Material Motion Inc., MIDCO Global, San Miguel Yamamura Woven Products Sdn Bhd, Oji Fibre Solutions Limited, Sanghavi Global, Napco National, Corman Bag Co. Inc., Bag Supply Company Inc., Southern Packaging LP, Novey Bag Co., Stephen Gould Corp., and Mil-Spec Packaging of GA Inc.
What Trends Are Emerging In The Multiwall Bags Market?
Multiwall bags market players are investing in technology advancements like new polyethylene (PE) to enhance barrier properties, improve strength and durability, reduce weight, and promote sustainability through increased recyclability and lower environmental impact. For instance, in September 2024, ProAmpac, a US-based packaging company, launched the QUADFLEX Recyclable LFQ.
Where Is The Fastest Growth Anticipated In The Multiwall Bags Market?
Asia-Pacific was the largest region in the multiwall bags market in 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Multiwall Bags Market Report 2025 Offer?
Multiwall bags are durable bags with multiple layers and considered an affordable, adaptable, and flexible packaging option. Made from sustainable and renewable materials, they are robust and are mainly used for shipment and storage of bulk and powder goods such as cement, chemicals, and fertilizers. The Multiwall Bags Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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