About Heavy Duty Sacks
Heavy-duty sacks are also referred to as bags, these sacks can uphold more weight than the normal or regular bag types. These Heavy-duty sacks are highly durable and can be used much time as per the requirement of the consumer. It offers several advantages over other bags in terms of low thickness and high strength. The main advantage of these bags is that they can handle a large volume of materials. Therefore, these heavy-duty sacks are majorly preferred in industrial applications including food, agriculture, and chemicals among others. Hence increasing the market dynamics in the present and upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Heavy Duty Sacks market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Heavy Duty Sacks Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Heavy Duty Sacks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF (Germany), Saint-Gobain (France), Mondi (Austria), Amcor (Australia), Sonoco (United States), Hood Packaging (United States), LC Packaging (The Netherlands), El Dorado Packaging (United States), TMR Woven Bags and Sacks (Australia), Bemis (United States) and Midaz International (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Knack Packaging (India), Klene Paks (India), Lincoln Packaging (United States) and Wenzhou SMOO Bags (China).
Segmentation Overview
AMA Research has segmented the market of Global Heavy Duty Sacks market by Type (Open Mouth, Pasted Valve, Gusset Bags, Rubble Sacks, Woven Sacks, Trash Sacks and Others), Application (Food & Beverages, Healthcare, Personal Care, Consumer Goods, Industrial and Other) and Region.
On the basis of geography, the market of Heavy Duty Sacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity Type, the sub-segment i.e. Less than 20 kg will boost the Heavy Duty Sacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Paper will boost the Heavy Duty Sacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The adoption of different Types of Designs and Technologies are Trending the Market and The Open Option for Customizable and Manufactured as per Customer Requirements
Market Growth Drivers:
An increasing sector of construction activities coupled with industrialization in both developed and emerging countries is to be the key driving force for the growth of heavy-duty sacks globally. As per observation, it is seen that 20-40 kg heavy duty bags & sacks are expected to be the most lucrative capacity type. Which is one of the major features that drive the market
Challenges:
Availability of Different Subsistutes in Market and High Price Associated with the Raw Material
Restraints:
The manufacturing of heavy-duty sacks might be hampered by opting for FIBCs (flexible intermediate bulk containers) by more end-user. These FIBCs are attaining popularity over heavy-duty sacks due to their capability to uphold huge weight more than these bags. A wide number of organizations and end-users have shifted their preferences to bulk bags from heavy duty bags & sacks. The growing use of FIBCs can be a threat to the growth of heavy-duty sacks.
Opportunities:
Rising Chemical, Agriculture, and Construction sectors across the Globe and Rapid Growth in Industrialization in the Asia-Pacific Region is Boosting the Market
Market Leaders and their expansionary development strategies
In November 2023, Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the condition that all necessary procedures for the closing are completed. The immediate impact on Komatsu’s consolidated business results is estimated to be minimal.
In July 2019, SABIC has developed several PE and PP film grades for heavy-duty bags. SABIC portfolio solutions combine high impact and seal strength to reduce the risks of breakage.
Key Target Audience
Heavy Duty Sacks Manufacture, Heavy Duty Sacks Distribution, Potential Investor, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.