| Product Code: ETC6683217 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to rely on imports of multiwall bags, with top exporting countries being Portugal, Paraguay, Italy, China, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 5.17%, with a healthy growth rate of 4.22% from 2023 to 2024. This data suggests a consistent demand for multiwall bags in Cape Verde, driven by imports from diverse international sources.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Multiwall Bags Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Multiwall Bags Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Multiwall Bags Market - Industry Life Cycle |
3.4 Cape Verde Multiwall Bags Market - Porter's Five Forces |
3.5 Cape Verde Multiwall Bags Market Revenues & Volume Share, By Plastic Type, 2021 & 2031F |
3.6 Cape Verde Multiwall Bags Market Revenues & Volume Share, By Layer, 2021 & 2031F |
3.7 Cape Verde Multiwall Bags Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Multiwall Bags Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly packaging solutions |
4.2.2 Growth in the construction and agriculture sectors in Cape Verde |
4.2.3 Rising focus on packaging solutions for food preservation and transportation |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Competition from alternative packaging solutions |
4.3.3 Challenges in recycling and disposal of multiwall bags |
5 Cape Verde Multiwall Bags Market Trends |
6 Cape Verde Multiwall Bags Market, By Types |
6.1 Cape Verde Multiwall Bags Market, By Plastic Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Multiwall Bags Market Revenues & Volume, By Plastic Type, 2021- 2031F |
6.1.3 Cape Verde Multiwall Bags Market Revenues & Volume, By Paper Bags, 2021- 2031F |
6.1.4 Cape Verde Multiwall Bags Market Revenues & Volume, By Plastic Bags, 2021- 2031F |
6.2 Cape Verde Multiwall Bags Market, By Layer |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Multiwall Bags Market Revenues & Volume, By 2-Ply, 2021- 2031F |
6.2.3 Cape Verde Multiwall Bags Market Revenues & Volume, By 3-Ply, 2021- 2031F |
6.2.4 Cape Verde Multiwall Bags Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Cape Verde Multiwall Bags Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Multiwall Bags Market Revenues & Volume, By Food and Grains, 2021- 2031F |
6.3.3 Cape Verde Multiwall Bags Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.3.4 Cape Verde Multiwall Bags Market Revenues & Volume, By Building and Construction, 2021- 2031F |
6.3.5 Cape Verde Multiwall Bags Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.6 Cape Verde Multiwall Bags Market Revenues & Volume, By Retail, 2021- 2031F |
6.3.7 Cape Verde Multiwall Bags Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.8 Cape Verde Multiwall Bags Market Revenues & Volume, By Others, 2021- 2031F |
6.3.9 Cape Verde Multiwall Bags Market Revenues & Volume, By Others, 2021- 2031F |
7 Cape Verde Multiwall Bags Market Import-Export Trade Statistics |
7.1 Cape Verde Multiwall Bags Market Export to Major Countries |
7.2 Cape Verde Multiwall Bags Market Imports from Major Countries |
8 Cape Verde Multiwall Bags Market Key Performance Indicators |
8.1 Average lead time for manufacturing multiwall bags |
8.2 Percentage of repeat customers for multiwall bag suppliers in Cape Verde |
8.3 Rate of adoption of sustainable practices in multiwall bag production |
9 Cape Verde Multiwall Bags Market - Opportunity Assessment |
9.1 Cape Verde Multiwall Bags Market Opportunity Assessment, By Plastic Type, 2021 & 2031F |
9.2 Cape Verde Multiwall Bags Market Opportunity Assessment, By Layer, 2021 & 2031F |
9.3 Cape Verde Multiwall Bags Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Multiwall Bags Market - Competitive Landscape |
10.1 Cape Verde Multiwall Bags Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Multiwall Bags Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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