Over the past few years the packaging industry has witnessed significant growth with the massive sales of multiwall bags. The need for multiwall bags is gaining traction across various end users such as fertilizer, textile, cement manufacturers etc. Moreover, people are becoming aware regarding environment that in turn bolstered the demand of multiwall bags. Multiple bags are prepared of various layers of kraft paper. The inner layer of the multiwall bags is specially coated and laminated to prevent from the contamination. Multiwall paper bags are becoming popular owing to the customization of the product for promotional purposes.
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Multiwall bags market is driven by the increasing growth of real estate industry in the developing countries as well as in the developed economies. Mainly multiwall bags are widely used in the cement packaging. The sales of multiwall bags gets fueled by the increasing urbanization in the developing countries of Asia Pacific. Increasing per capita disposable income along with the changing life styles of the people is expected to fuel the demand of multiwall bags during the forecast period. Meanwhile, the chemical aids in driving significant demand for multiwall bags market. Moreover, increasing growth of organized retail such as super markets, hyper markets is also propelling the growth of multiwall bags market during the forecast period because many companies do not consider normal plastic for the packaging.
In addition, steadily rising demand for grain crop is generating the huge demand for fertilizers particularly in the developing countries which in turn creating the demand for multiwall bags. Moreover, increasing growth of horticulture can create a massive impact in the multiwall bags market. Increasing awareness regarding ecofriendly product is also expected to accelerate the sales of multiwall paper bags in the upcoming decade. Also, government regulations regarding plastic can positively influencing the multiwall bags.
Some of the key players in the global multiwall bags market are Global-Pak Inc., Bemis company inc, Hood packaging corporation, Dairyland Packaging USA, LLC, LC Packaging, El Dorado Packaging, Lincon Polymers etc. Key players also emphasizing for mergers and acquisitions with the local players to increase the product portfolio and also to penetrate their business into emerging countries.
