The report forecasts the global packaging sacks market to grow at a CAGR of 2.12% during the period 2016-2020.
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.
Commenting on the report, an analyst from the research 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.
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