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Cement Packaging Market size was valued at USD 343.97 billion in 2022 and it is expected to rise from USD 357.38 billion in 2023 to reach a value of USD 485.36 billion by 2031 at the CAGR of 3.90% during the forecast period (2023-2031).

The cement packaging market is fragmented in nature owing to the presence of multiple players. The entry of new players is further expected to intensify the overall market competition. Major players are engaging in collaborative agreements in order to compete with the paper packaging giants such as Mondi PIc and Bischof + Klein SE & Co. KG and more but might shift original pricing trends in order to stay put in the market competition and establish their brand name. 'Mondi Group', 'WestRock Company', 'Smurfit Kappa Group', 'BillerudKorsnas AB', 'Grief Inc.', 'Hood Packaging Corporation', 'Sealed Air Corporation', 'Sonoco Products Company', 'Pro-Pac Packaging Limited', 'Bag Corp', 'Greif-Fibrestar Ltd.', 'El Dorado Packaging Inc.', 'Langston Companies Inc.', 'Knack Packaging Pvt Ltd', 'United Bags Inc.', 'Material Motion Inc.', 'B&G Products LLC', 'Hood Packaging (Gulf) Ltd.', 'FLSmidth & Co. A/S', 'Aventis International Inc.'

The increasing population will effectively influence the market growth due to increasing need for residential spaces, such as apartments and private bungalows. The increasing demand for the amenities in residential spaces is expected to drive the market growth. In addition, the growing need for non-residential establishments such as malls, airports, industries, roads, office buildings are the factors which further the market growth. The government's initiatives to support the construction and infrastructural activities in developing countries will further increase the demand for cement, which ultimately have a significant impact on the cement packaging market.

Cement bags are made up of a double layer of Kraft paper, which ensures resistance and polyethylene-free film that preserves the product. recycling of this packaging is difficult. One of the trends is the BioSac which is 100% natural “free film” obtained from corn flour. Disposal of this kind of packaging is possible.

Asia Pacific is expected to dominate the market during the forecast period due to increasing demand for the product from the developing countries. In addition, the development in the construction and infrastructure activities will further boost the market growth.

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Global Cement Packaging Market

Product ID: SQMIG15H2010