About the Packaging Sacks Market
Packaging sacks are standardized flexible bulk bags used in the industrial packaging of mainly dry, lose, or granulated materials. They are used for protecting, storing, transporting, and handling of goods in large quantities from manufacturing centers to distribution centers, where they are packaged for customers. Packaging sacks are made of plastic, paper, or jute in different weights and strength parameters. The containers are suitable for numerous applications required in the construction, chemical and food sectors. The market is characterized by innovative offerings and customizations aligned with customer specifications.
Technavio’s analysts forecast the global packaging sacks market to grow at a CAGR of 2.12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaging sacks market for 2016-2020. To calculate the market size, this report considers revenue generated through the sales of packaging sacks to following sectors:
Technavio Announces the Publication of its Research Report – Global Packaging Sacks Market 2016-2020
Technavio recognizes the following companies as the key players in the global packaging sacks market: Global-Pak, Hood Packaging, LC Packaging, Mondi, and Sonoco.
Other Prominent Vendors in the market are: Bemis, El Dorado Packaging, Greif, Knack Packaging, Lincoln Polymers, TMR woven bags and sacks, and Wenzhou SMOO Bags.
Commenting on the report, an analyst from Technavio’s team said: “A key trend which is impacting the market positively is the rising demand for flexible packaging. Flexible packaging is convenient for customers as well as producers as it is light weight, easy to handle, and offers a number of options as far as shape, size and attractiveness in packaging are concerned.”
According to the report, a key growth driver is increased demand for diverse sectors. Rising production from different industries and trade in products like horticulture and chemical products have boosted the need for bulk packaging, and hence the demand for packaging snacks.
Further, the report states that one challenge that could restrict market growth is competition from rigid packaging.
Global-Pak, Hood Packaging, LC Packaging, Mondi, Sonoco, Bemis, El Dorado Packaging, Greif, Knack Packaging, Lincoln Polymers, TMR woven bags and sacks, Wenzhou SMOO Bags.