NEWARK, Del, Oct. 12, 2023 (GLOBE NEWSWIRE) — The global block sack market is poised for significant growth, with its size expected to increase from US$ 1.2 billion in 2023 to US$ 1.8 billion by 2033. Over the next decade, an average 4.6% CAGR in the demand for block sacks is projected to drive this expansion.
Customers are actively looking for sustainable solutions as consumer awareness of the environment continues to develop. Block sacks, renowned for their eco-friendly construction and adaptability, fit this trend wonderfully. They are a popular option among shoppers who are concerned about the environment. Their reusability and usage of recycled materials support this trend.
The demand for block sacks continues to be driven by the increasing trend of urbanization and the requirement for considerable infrastructure development in metropolitan areas. They are essential to controlling the garbage produced by building projects in highly populated regions.
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The spread of knowledge and education is crucial for block sack market expansion. The demand for these sacks naturally rises as more individuals become aware of the many benefits block sacks provide, including their durability, versatility, and waste reduction capabilities.
DIY (Do-it-yourself) initiatives are becoming increasingly prevalent among modern consumers, especially in renovation. Block sacks efficiently respond to this emerging trend owing to their user-friendly design and adaptability in different applications, including gardening, landscaping, and storage.
The digital economy has completely transformed how customers access and buy products. Block sack products are readily available on multiple websites, giving potential customers a handy and accessible opportunity. The block sack market is expanding rapidly due to the increased accessibility and reach.
Technological developments have expedited the fabrication of block sacks. This results in higher productivity and cheaper manufacturing costs. Block sacks’ low price makes them competitive in the market and appealing to a more extensive range of customers.
“The United States currently leads the block sack market, primarily due to its robust e-commerce sector and strong sustainability focus. However, China’s rapid growth in e-commerce, vast consumer base, and growing environmental concerns position it as a clear contender. It offers substantial growth potential for market players, making it a strong competitor to the United States market leadership.” according to Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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Key Takeaways from the Block Sack Market
- In 2022, the global block sack market grew to US$ 1.1 billion.
- India’s block sack industry is estimated to lead with a projected 6.0% CAGR from 2023 to 2033, driven by a growing population and urbanization.
- China’s block sack industry is projected to follow closely with an estimated 5.5% CAGR through 2033, attributed to a robust manufacturing sector and eco-friendly packaging demand.
- The United Kingdom block sack industry will likely show a steady 3.9% CAGR between 2023 and 2033, influenced by a stable economy and environmental awareness.
- France’s block sack industry is projected to develop at 3.1% CAGR through a surge in sustainability and eco-consciousness.
- In the global block sack industry, Canada’s forecasted CAGR is 3.6% between 2023 and 2033, driven by a focus on sustainability and environmental policies.
- The United States block sack industry will likely exhibit a 2.7% CAGR from 2023 to 2033, affected by a mature market and diverse consumer preferences.
Key Players and Strategies for Success in the Block Sack Market
Success in the competitive block sack industry depends on balancing innovation and customer-centricity. Top competitors prioritize research and development for innovative ideas while fostering strong client connections. Sustainable materials need to be used seamlessly to maintain the interest of environmentally sensitive customers.
Recent Developments in the Block Sack Market
- In May 2023, Syntegon showcased two out of their four new vertical forms, fill, and seal (VFFS) machines designed for different food applications. Among them was the SVX Duplex, which boasted two film lanes within the same 1,220 mm wide frame. This innovation was believed to have resulted in elevated output rates, particularly for bag styles like pillow, gusseted, and block bottom bags.
- In October 2023, Crafters Polypropylene Packages (PVT) Ltd. set a production record for AD*STAR block bottom sacks by making 199,000 of them on a single conversion line in just one day. Crafters have been steadily raising production to keep up with demand for AD*STAR sacks, a form of block bottom valve sack composed of woven polypropylene tape fabric that has been used increasingly in dry bulk commodity packaging all over the world.
Key Companies:
- Starlinger Company
- East Riding Sacks Limited
- Shouman Company
- Dyna Polyplast Pvt Ltd.
- Segezha Group
- Flexipol Packaging Limited
- AB Group Packaging
- Tianjin Jia Tai Feng Plastic Woven Co., Ltd.
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Block Sack Market Segmentation
By Material:
By End Use:
- Transportation & Logistics
- Food & Beverages
- Agriculture
- Industrial
- Construction
- Pharmaceuticals
- Household
- Others
By Countries:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- Japan
Author by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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The heavy duty bags & sacks market is anticipated to reach US$ 16.6 Billion by 2028, at a CAGR of 4.0 % from 2022 to 2028.
The global jumbo bags market would further expand at a CAGR of 4.2% from 2023 to 2033. Jumbo bag sales are predicted to exceed a valuation of US$ 9.9 billion by 2033.
The bulk bags market is projected to reach US$ 8.0 billion by 2028, at a CAGR of 7.1% from 2018 to 2028
The global PP jumbo bags market sales are growing at a steady 5.4% CAGR, the market valuation is poised to total US$ 8.5 Billion over the assessment period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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