According to Future Market Insights research, during the estimated period, the open mouth sacks market is fixed to enjoy an estimation of US$ 3.1 billion in 2023, and further increase at a CAGR of 5.1% to reach US$ 5.2 billion by the year 2033. The open mouth sacks are anticipated to bolster with the top 5 providers holding 20 to 25% of the global open mouth sacks market in 2022.
Based on the material, the paper segment is projected to remain the leading among the other materials used for manufacturing open mouth sacks. The reason behind this is the increasing customer awareness of sustainable packaging. The paper segment is estimated to hold around 45% of the market value share by the end of 2023.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 3.1 billion |
| Market Size 2033 | US$ 5.2 billion |
| Value CAGR (2023 to 2033) | 5.1% |
| Collective Value Share: Top 3 Countries (2023E) | 25 to 30% |
According to the FMI analysis, the open mouth sacks market generated total revenue of US$ 3.0 billion in 2022. With increasing demand from end users, the global open mouth sacks market is projected to reach US$ 5.2 billion by 2033, increasing at a CAGR of 5.1% during the forecast period.
The open mouth sacks market is expected to experience a lucrative growth outlook during the forecast period. A new estimation of FMI predicts that open mouth sacks sales will rise from 2023 to 2033 and are projected to generate an attractive incremental growth opportunity of US$ 2.2 billion.
The rise in demand for packaged products is projected to bolster the demand for open mouth sacks. The open mouth sacks market is predicted to expand 1.7 times the current market value during the forecast period.
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The global open mouth sacks market witnessed a CAGR of 3.3% during the historic period with a market value of US$ 3.0 billion in 2022.
Due to their affordability and durability, open mouth sacks are in high demand among a wide range of end users. Due to the open mouth sacks' simple filling process and lack of expensive filling station investments, there are several uses for them. As a result, demand for open mouth sacks is expected to rise in tandem with the development of various end-use industries, including food and beverage, agricultural, chemical, pharmaceutical, and construction. The increased need for open mouth sacks for filling cement and other materials is due to the expanding trend of industrialization. The demand for food packaging items like rice, wheat, sugar, etc. is increased by the open mouth sacks since they are comprised of lightweight, strong, and moisture-resistant materials. Paper open mouth sack demand is increasing as a result of customer preferences for practical, reusable packaging options that are also environmentally friendly. Consumers searching for strong and lightweight products are drawn to appealing products as well as reusable consumables like open mouth sacks. High-quality graphic designs may be printed on the open-mouth bags in a range of colours with a variety of capacity customization possibilities to match the needs of the customer. The demand for open-mouth bags will rise in the future as a result of the manufacturer's ability to advertise and promote their brand more effectively with high-quality printed sacks.
The consumption of open mouth sacks for agricultural products in the world is increasing in the last few years. The need for open mouth sack packaging will increase, as there is an increase in the demand for agricultural items including crops, seeds, fertilizers, etc. The open mouth sacks' simple filling and sealing capabilities, along with a barrier that resists grease and humidity, shield their crops and other materials from spoiling. Open mouth sacks are among the most frequent type of packaging for agricultural products. The open mouth bags are easy to fill with products like seeds and fertilizer since they are open on one side and closed on the other.
The open-mouth sacks are available in single-ply or double-ply combinations made of high-density polyethylene + polyethylene, or paper + polyethylene, which will boost their ability to support the additional weight. Furthermore, open mouth sacks for agricultural packaging required a material that is water-resistant for hydrophilic products. These are some factors that increased open mouth sack production and demand in the open mouth sacks global market during the forecasted year.
Principal Consultant
According to the material segment, it is anticipated that the paper-based sacks segment will continue to dominate the market for open-mouth sacks throughout the projected period. By the end of 2023, the paper open mouth sacks market segment is anticipated to hold around 45% of the market value share. The customer's growing awareness of recyclable and environmentally friendly packaging will increase the market for paper open mouth sacks.
The global market for open mouth bags is expected to have strong demand due to the rising building and construction sector. The building & construction end-user industry is expected to offer the global open mouth sacks market the most potential for growth. The building & construction segment is estimated to register a CAGR of nearly 4.9% from 2023 to 2033. The market for open mouth bags has grown as a result of the expanding industrialization trend.
According to India Brand Equity Foundation (IBEF), In Nov 2021, a new quadrilateral economic conference was founded by India, the US, Israel, and the UAE with the objective of focusing on infrastructure development projects in the area and boosting the global economy, as building and development are the main economic drivers. Construction and development are essential for achieving India's goal of having a $5 trillion GDP by 2025.
India is the second largest country in the world for cement production, which makes India one of the top countries in the construction & development industry, and the government is planning to spend US$ 1.4 trillion on infrastructure over the next five years through the National Infrastructure Pipeline. As a result, demand for the open mouth is expected to increase in India over the forecast period. Food & beverages is also another factor that propels the demand for open mouth sacks in India. India is estimated to register a CAGR of nearly 5.6% from 2023 to 2033.
China is expected to drive the demand for open mouth sacks is expected to grow the market at the rate of 6.1% CAGR in the forecast period. According to the Food and Agriculture Organization of the United Nations (FAO), China has produced one-fourth of the world's grain and fed one-fifth of the world's people while using less agricultural land than the rest of the world. This is a significant accomplishment in the goal of global food security, not just in China but also in the world. The Chinese government has traditionally given agriculture growth top priority and implemented programs to promote it.
China currently dominates the globe in the production of grains, cotton, meat, fruit, vegetables, meat, poultry, eggs, and fisheries products; this has largely contributed to the country's increased sales of open-mouth sacks during the course of the forecasted period.
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The major competitors in the market for open mouth sacks packaging are competing for market share. The main businesses are focusing on expanding and working with other organizations to meet the rising need for packaged food, agricultural packaging, and cement packaging.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Smurfit Kappa Group plc; Irsaco; Bischof + Klien SE & Co. KG; ROSENFLEX; Procudan; D.A.Pak; B & A Packaging India Ltd. (BAPIL); Shavya Geotex; Gascogne; Mondi Group; AXPEL MADE s.r.o.; Petro Pack; Selene; Langston Companies, Inc.; Fardem Packaging BV; East Riding Sacks Ltd |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global open mouth sacks market was US$ 3.0 billion.
During the forecast period, the global open mouth sacks market is anticipated to expand at a CAGR of 5.1%.
The global open mouth sacks market is expected to reach US$ 5.2 billion by the end of 2033.
During the forecast period, the building & construction segment is likely to be the fastest-growing end use segment in the global open mouth sacks market.
The increasing trend of industrialisation tends to increase the demand for cement packet, agriculture products; drives the demand for open mouth sacks.
Smurfit Kappa, Irsaco, Bischof + Klien SE & Co. KG, ROSENFLEX, Procudan, D.A.Pak, B & A Packaging India Ltd. (BAPIL), Shavya Geotex are the top players supplementing the sales of open mouth sacks.
As per the FMI analysis, the Indian open mouth sacks market is projected to expand at a CAGR of 5.6% from 2023 to 33.
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