Multi Wall Bags Market Report Scope & Overview:

The Multi Wall Bags Market size was USD 15.25 billion in 2023 and is expected to Reach USD 21.52 billion by 2031 and grow at a CAGR of 4.4 % over the forecast period of 2024-2031.

Multiwall bags are usually made of kraft paper or plastic. There is a growing need for multi-wall bags among various end-users such as textile, fertilizer and cement manufacturers. The inner layer of the multi-wall bag is specially coated and laminated to prevent contamination.

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Demand for multi-wall bags is expected to increase due to the strong growth of the real estate industry in both developing and developed countries. Rapid urbanization along with increased use of cement packaging is also projected to drive the growth of multi-layer bags during the forecast period.

The high growth of organized retail such as supermarkets and hypermarkets as well as the rise in the growth of horticulture and an increase in awareness regarding eco-friendly products are also anticipated to boost the demand of the multiwall bags market. Furthermore, the gradually rising demand for grain crops is generating a huge demand for fertilizers chiefly in developing countries which in turn is creating the demand for multiwall bags and is also expected to push the growth of the multiwall bags market.

The major factor which is expected to actively drive the demand of the multiwall bags market is the increase in the per capita disposable income along with the rapid change in the lifestyles of the people. Likewise, the high adoption of sustainable packaging solutions and increase in e-commerce activities in emerging countries as well as the various government regulations regarding plastic will further offer various growth opportunities for the growth of the multiwall bags market over the forecast period.

However, the sustained use of single-ply bags along with the difficulty and poor infrastructure for recycling multi-layer plastics are expected to impede the growth of the multiwall bags market, whereas the various regulations in the industry can challenge the growth of the multiwall bags market.

MARKET DYNAMICS

KEY DRIVERS:

• Increasing need of multiwall bags from end use industries driving the market growth

Multiwall bags are widely used in various industries such as agriculture, food, chemicals, cement, pharmaceuticals, and construction due to their strength and versatility. The increasing demand for industrial packaging solutions to safely transport and store goods drives the market growth. Multiwall bags are made of paper and plastic, which makes it recyclable, low in weight, and long lasting. Transportation becomes easy with the multiwall bags, which also adds to extended shelf life.

• Compared to the single wall bags, multiwall bags offer superior strength, durability and protection.

RESTRAIN:

• A restriction on the market for multiwall bags may be sustained use of single lined bags

Single-layer bags are generally cheaper to manufacture than laminated bags because they use less materials and the manufacturing process is simpler. Single layer bags can offer more flexibility in size, design and printing options. Some industries may have specific packaging requirements that can be easily met with single-layer bags but may be more difficult to achieve with multi-layer bags.

OPPORTUNITY:

• The booming e-commerce sector is providing growth opportunity for the multiwall bags

The booming e-commerce sector requires efficient and secure packaging solutions for the transportation and handling of products. Multiwall bags, especially those designed for e-commerce packaging, offer an advantage in protecting goods during transit, opening up growth opportunities in this segment. India is the highest in revenue from e-commerce sales.

• A majority of the multiwall bags used for packaging seeds, fertilizers, grains and other agricultural products are consumed by the agriculture and food sectors.

CHALLENGES:

• Packaging Waste Management is a challenge for multiwall bags packaging

Multiwall bags is made from combination of polymers, papers, inks which makes it difficult for recycling. It becomes a complex process. While multiwall bags can be more sustainable than some other types of packaging, they can still contribute to packaging waste. Effective waste management and recycling solutions for multiwall bags are essential to address environmental concerns and ensure responsible end-of-life disposal.

IMPACT OF RUSSIAN UKRAINE WAR

Major companies operating in both the nations stopped their business operations which affected major loss in export of goods as well as export of raw materials from these regions. The global prices of raw materials increased due to which the production was affected and prices for the end product was increased. This affected the consumer buying behavior. Consumers were looking for cheaper options. According to trading economies, the prices of aluminium and paper went high. For example, the price of aluminum before the conflict was $ 2800/ ton which went to $ 3890/ton. Also the kraft pulp prices which were $ 5900.17/ton before the conflict went to $7200.56/ton during May 2022.

Same is the case with the oil and gas prices, which is the necessary component for European businesses. European countries rely on the natural gas from Russia. Since, Russia is the major provider for gas and oil. This affected the trade. Overall, all these factors contributed to the loss of business activities and affected badly to the global multiwall bags market.

IMPACT OF ONGOING RECESSION

There is no prediction on the impact that the on going recession will have on the multiwall bags manufacturers. But looking at the global level, the the economic and the global supply chain issues arising will have a negative impact on this market. Due to the economic and global supply chain crisis the manufacturers are unable to make on time delivery. At present US economy is overheated due to which there is limited supply of paper, limited machine capacity but on the other side there is increasing demand for the multiwall bags in emerging countries. But manufacturers are failing to meet the increased demand need. Bleached paper prices are up in 2022 and showing continuous growth in price and not levelling off. This is due to increased labour cost, increased cost of paper, increased ink cost.

KEY MARKET SEGMENTS

By Product Type

• Plastic Bags

• Paper Bags

By Layer

• 2-Ply

• 3-Ply

• Others

By Capacity

• Upto 5 Kg

• 6-10 Kg

• 11-25 Kg

• Above 25 Kg

By End Use

• Food & Grains

• Agriculture

• Chemical

• Retail

• Pharmaceuticals

• Others

REGIONAL ANALYSIS

Asia-Pacific region is dominating the global multi-wall bags with the largest revenue share. The growing population in the region is a driving factor for the market growth. Due to this there is increasing demand for food products. Asia-Pacific region is also known for its agricultural activities, there is a need for multi-wall bags. Also, urbanization happening in countries such as India & China is growing the market for multi-wall bags in this region. In India, there is also growth in the construction industry, growth in the e-commerce sector, and rising demand from FMCG which have created an environment for the sales of muti wall bags in India. Due to growth in the construction industry, the demand for cement is increasing in India which therefore needs multi-wall paper bags.

North America is growing at a significant growth rate due to the organized retail sector in this region. There is a rising demand for pre-packaged foods, which is also creating a market for multi-wall paper and plastic bags. In the US, the growth of industries such as food and drinks, agriculture as well as medicine will rise the growth of multi-wall bags in the country over the forecast period.

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REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America  

Key Players

Some major key players in the Multi Wall Bags market are Berry Global Inc, Mondi, El Dorado Packaging, Commercial Packaging, ProAmpac, Sonoco Products Company, Inteplast Group, Alpha Poly Corporation, Seevent Plastics Ltd, Novolex and other players.

Berry Global Inc-Company Financial Analysis

RECENT DEVELOPMENT

• GELPAC, a North American provider of packaging solutions, has announced the strategic acquisition of Standard Multiwall Bag, a family-owned company located in Beaverton, Oregon, United States.

• ProAmpac, the leader of flexible packaging and material science, announces that it has begun to manufacture patent-pending PRO-EVO Recyclable Platforms. The latest addition to the ProActive Recyclable® range, the PRO-EVO Recyclable is a paper-based self-opening bag (SOS) bag that is certified for street recycling and is ideal for dry pet food.