Global Packaging Sacks Market 2016-2020

Overview of the global packaging sacks market

Market research analysts at Technavio predict the global packaging sacks market to grow at a CAGR of more than 2% by 2020. The rising demand for plastic-based packaging sacks is one of the top drivers that will lead to the growth of this market during the forecast period. Plastic packaging is increasingly replacing paper and jute packaging due to its flexibility, durability, lightweight, and low-cost properties. Furthermore, as plastic-based packaging is suitable for all types of packaging products such as food, chemicals, and fertilizer, its demand among the end users will grow significantly over the next few years.

A recent trend emerging in the market is the increasing demand for high-barrier packaging sacks. This type of packaging solution contains high-barrier resins, which provide better protection from moisture and oxygen and extends the shelf life of food products. High-barrier packaging sacks have a specialized coating and laminated structures along with resins that allow better performance than any other packaging products. Some of the high-barrier plastics that are gaining popularity among the consumers include biaxially-oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH). Due to their numerous advantages, high-barrier plastics are mainly used in the food and chemical industries. Dow, for instance, has made recyclable barrier films using RETAIN polymer modifiers, which helps in the recycling of films without affecting the quality of the barrier film.

Segmentation by end users and analysis of the packaging sacks market

• Construction sector
• Chemical and fertilizer sector
• Food sector
• Horticulture sector