In 2022, the handle gusseted bags market boasts a value of US$ 23.2 billion and is projected to experience a robust compound annual growth rate (CAGR) of 2.8% over the assessment period. By 2032, it is expected that the handle gusseted bags market will reach a valuation of US$ 30.58 billion.
Asia Pacific presently holds the reins in the handle gusseted bags market, primarily due to its substantial population base and notably high per capita consumption of gusseted bags in comparison to Europe and North America. The region’s penchant for these bags is driven by their versatility and wide-ranging applications across various industries.
In North America, the demand for handle gusseted bags is poised for growth, thanks to their high-value features and the increasing consumer preference for convenient and portable packaging solutions. These bags offer practicality and versatility, making them an attractive choice for consumers and businesses alike. As the market continues to evolve and adapt to changing consumer needs, the future of handle gusseted bags in North America appears promising, with their popularity expected to rise as a favored packaging solution across diverse sectors.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-4916
Global Handle Gusseted Bags Market – Key players
The major key players of Handle Gusseted bags Market are,
- Uline, Inc.,
- Pacific Bag, Inc.,
- S. B. Packagings Ltd.,
- International Plastics Inc.,
- AR-BEE Transparent Products, Inc.,
- CLEAR VIEW BAG COMPANY,
- Four Star Plastics, Inc,
- Elkay Plastics Co., Inc.,
- The Bag Workshop,
- Novolex, etc.
Global Handle Gusseted Bags – Market Dynamics
- Consumer Convenience: Handle gusseted bags are popular among consumers due to their ease of use and convenience. The handles make it easy for people to carry items, making them a preferred choice for grocery shopping, retail purchases, and more. Consumer demand for convenient and user-friendly packaging solutions drives market growth.
- Environmental Sustainability: Sustainability is a significant factor affecting the handle gusseted bags market. With increasing awareness of environmental issues, there is a growing preference for eco-friendly and biodegradable materials. Manufacturers are responding by producing handle gusseted bags using recyclable and sustainable materials to meet this demand.
- Retail and E-commerce Growth: The retail industry, both brick-and-mortar stores and e-commerce, heavily relies on packaging solutions. Handle gusseted bags are used for branding, marketing, and enhancing the overall shopping experience. The growth of retail and e-commerce markets positively impacts the demand for these bags.
- Customization and Branding: Businesses are increasingly looking for customized and branded packaging to create a unique identity in the market. Handle gusseted bags offer ample space for logos, designs, and product information, making them a valuable tool for brand promotion. The ability to customize these bags is driving market growth.
- Competitive Landscape: The market for handle gusseted bags is competitive, with numerous manufacturers and suppliers vying for market share. Innovation in bag design, materials, and production processes is a common strategy to gain a competitive edge. As a result, product quality and pricing play a crucial role in market dynamics.
- Regulatory Compliance: Governments and regulatory bodies in various regions have imposed rules and regulations related to packaging materials and environmental impact. Manufacturers must comply with these regulations, which can affect production processes and material choices in the handle gusseted bags industry.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-4916
Global Handle Gusseted Bags – Market Segmentation
Global handle gusseted bags market is being segmented on the basis of product type, raw material type and end use industry.
On the basis of closing type Handle Gusseted bags can be segmented as:
- Round Bottom Gusseted Bags
- Side Flat Bottom Gusseted Bags
- Zipper Gusseted Bags
On the basis of raw material type Handle Gusseted bags can be segmented as:
- Plastic
- Polyethylene (PE)
- Polypropylene (PP)
- Poly Vinyl Chloride (PVC)
- Others
- Paper
- Aluminum
On the basis of end use industry Handle Gusseted bags can be segmented as:
- Personal Care & Cosmetics
- Pharmaceutical & Healthcare
- Food & beverages
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
