Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1175.4 Million | USD 1794.6 Million | 5.60% | 2022 |
The global sandbags market size was worth around USD 1175.4 Million in 2022 and is predicted to grow to around USD 1794.6 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.60% between 2023 and 2030.
The report analyzes the global sandbags market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sandbags industry.
Sandbags are used as barriers during natural disasters or extreme events like erosion control, floor control, and other emergency or permanent situations. These bags are typically made of sturdy or heavy-duty materials like plastic, polypropylene, or burlap and are filled with soil or sand for the end application. The industry refers to the stakeholders involved in the production, storage, and distribution of sandbags for various purposes. The demand for the product is highly sensitive since its requirement is directly related to events like natural disasters, weather patterns, and construction projects. These events can be predicted only to a certain limit and hence the demand is always fluctuating. For instance, regions that are more prone to flooding register a high demand for sandbags that acts as a protective agency. Similarly, a construction site may have more demand but it would be a temporary requirement. In the coming years, the demand for high-grade sandbags is expected to rise at a rapid rate.
Growing rate of occurrence of natural disasters to pull market revenue
The global sandbags market is projected to grow owing to the increasing rate at which world economies are observing climate change and corresponding natural disasters. Although some events like hurricanes and earthquakes are more common than others, the intensity of the events has increased over the last couple of years. For instance, recently Turkey witnessed a massive earthquake of 6.3 magnitudes. As per reports provided by the Centre for Research on the Epidemiology of Disasters (CRED), the world has seen more than 813 natural disasters as of 2021. Some of the most intense and frequent disasters include Cyclone Yaas that struck Bangladesh, Wildfires in countries of Canada, Greece, Australia, and the US along with droughts in Zimbabwe and Afghanistan. In addition to this, the increasing military and defense activities could lead to higher demand for sandbags. This is due to the high consumption of the barriers in various defense-related applications like protection against ballistics and explosion.
Growing concerns over material availability to restrict market growth
The global sandbags industry players may register a loss of demand or revenue owing to the increasing concerns over the availability of raw materials required to manufacture high-grade sandbags. One of the key raw materials used is sand and it is subject to constant price fluctuation depending on the political state of the trading nations and regulatory policies in either state. Moreover, natural disasters can severely impact the supply chains leading to higher price sensitivity. Additionally, the use of sandbags requires complete attention, and any error in filling the bag or using it can cause severe physical damage.
Rising investments in infrastructure development to lead to higher growth
There has been a rise in investments in infrastructure development projects across the globe. As the countries continue to invest in the economic growth of the nations to emerge as the next leading country in the currently changing power dynamics between the western and the eastern countries, the demand for sandbags may register a high CAGR. This could further be strengthened by the rapidly changing climatic conditions leading to a higher frequency of natural disasters.
Regulatory measures to challenge market growth
Due to the growing environmental concerns over the use of sandbags, the global sandbags industry may witness the implementation of rules and regulatory policies as the impact of sandbag consumption on the environment becomes more prominent. Industry players may have to adhere to stricter laws and deploy better disposal, distribution, or production processes to meet the regulatory requirements. Additionally controlling the quality of the products is an added challenge in the industry.
The global sandbags market is segmented based on material, closure, and region.
Based on material, the global market segments are plastic, cotton, and jute. In 2022, the highest growth was observed in the plastic segment since the most commonly used material for the production of sandbags is polypropylene plastic or burlap. The latter is a natural fiber material that is produced using sisal plant or jute fibers. The former is a synthetic material and provides higher durability along with being lightweight. Although for a long time, sandbags made with burlap were more popular since they are biodegradable, the last couple of years has witnessed higher growth in plastic sandbags since they can be reused and are resistant to water. A typical sandbag used for erosion or flood control weighs around 50 pounds.
Based on closure, the global sandbags market divisions are zip seal, heat seal, and drawstring. The highest CAGR was registered in the drawstring closure segment in 2022. This type of technique requires using a string or tying a knot to close the opening side of the sandbag once it is equipped with inner material. The method is simple yet effective making it a preferred choice among users. They can also be loosened with quick steps when the bag is not in use. A standard plastic sandbag costs between USD 0.5 to USD 2 per bag.
Report Attributes | Report Details |
---|---|
Report Name | Sandbags Market Research Report |
Market Size in 2022 | USD 1175.4 Million |
Market Forecast in 2030 | USD 1794.6 Million |
Growth Rate | CAGR of 5.60% |
Number of Pages | 210 |
Key Companies Covered | Sandbags, LLC, Sandbag Store, Sandbag Express, The Sandbag Company, Uline, Grainger, Duke's Wire Mesh Supply Services Ltd, Bag Corp, Midwest Construction Products, The Sandbag Store, Wall Street Journal, Tote-It, Arizon Building Systems, Sackmaker J&HM Dickson Ltd, Berry Global, Inc., and others. |
Segments Covered | By Material, By Closure, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Growth in North America to be led due to higher adoption of the product
The global sandbags market is anticipated to witness the highest growth in North America during the forecast period. Although it is difficult to zero down on one particular region that makes the highest contribution since the market is highly fragmented and the use of sandbags depends on various unpredictable environmental impacts, growth in North America is driven due to higher awareness of the product along with the presence of several players offering products and services. Furthermore, the regions of the US and Canada are highly prone to wildfires. During such incidents, sandbags can be used extensively to stop fire spread or further damage. In addition to this, the military and defense segment of the US invests heavily in quality sandbags for various protective applications. Growth in Asia-Pacific is driven due to high consumption in the regions of Australia and China.
The global sandbags market is led by players like:
By Material
By Closure
By Region
FrequentlyAsked Questions
Sandbags are used as barriers during natural disasters or extreme events like erosion control, floor control, and other emergency or permanent situations.
The global sandbags market is projected to grow owing to the increasing rate at which world economies are observing climate change and corresponding natural disasters.
According to study, the global sandbags market size was worth around USD 1175.4 million in 2022 and is predicted to grow to around USD 1794.6 million by 2030.
The CAGR value of the sandbags market is expected to be around 5.60% during 2023-2030.
The global sandbags market is anticipated to witness the highest growth in North America during the forecast period.
The global sandbags market is led by players like Sandbags, LLC, Sandbag Store, Sandbag Express, The Sandbag Company, Uline, Grainger, Duke's Wire Mesh Supply Services Ltd, Bag Corp, Midwest Construction Products, The Sandbag Store, Wall Street Journal, Tote-It, Arizon Building Systems, Sackmaker J&HM Dickson Ltd, Berry Global, Inc. and others.
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