The global anti-corrosion bags market is anticipated to reach a valuation of US$ 14.7 billion in 2023, driven by industry expansion and diversification. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.1% between 2023 and 2033, and reaching a total valuation of approximately US$ 29.3 billion by 2033.
One of the major factors contributing to the growth of the anti-corrosion bags market is the rise in international trade and cross-border shipments, which has exposed products to varying environmental conditions during transportation. Anti-corrosion bags provide a cost-effective and reliable solution to protect goods from corrosion-related damage, making them essential for export-oriented industries that operate in diverse climatic regions.
Advancements in materials science, manufacturing processes, and packaging technologies have led to the development of highly effective and innovative anti-corrosion bag formulations. The bags are designed to provide extended protection and compatibility with a wide range of materials, addressing the evolving needs of industries to safeguard their products from corrosion.
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Many industries are subject to regulations and quality standards that require corrosion protection during storage, transportation, and use. Anti-corrosion bags help businesses adhere to these standards and ensure that their products meet the required quality and safety specifications.
Key Takeaways from the Market Study
- Global anti-corrosion bags market was valued at US$ 13.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.4%.
- Europe is expected to hold a dominant CAGR of 7.0% during the forecast period.
- By product type, zipper bags segment is expected to constitute a CAGR of 7.0% in 2033.
- On the basis of end use, electronics & electrical segment is expected to dominate the market with a CAGR of 7.0% in 2033.
- From 2023 to 2033, anti-corrosion bags market is expected to flourish at a CAGR of 7.1%.
- By 2033, the market value of anti-corrosion bags is expected to reach US$ 29.3 billion.
“Demand for sustainable packaging, across the globe, is a major factor that is expected to propel the growth of the anti-corrosion bags market in the near future,” remarks an FMI analyst.
Competitive Landscape
Prominent players in the anti-corrosion bags market are Gulmohar Pack-Tech India Pvt. Ltd., Northern Technologies International Corporation (NTIC), Smurfit Kappa, H L Saw Mill, NEFAB Group, Acme Packaging, Modi Polyfab Pvt Ltd., Pontus Pack Private Limited, Metpro Group, Suprabha, AGM Container Controls, Inc., Benz Packaging, Cortec Corporation, Daubert Cromwell, Inc., Safepack Industries Ltd., Intertape Polymer Group, Sealed Air, Rose Plastic AG, and EMBALEX, S.L.U. among others.
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Recent Developments:
- In 2022, Gulf Coast Packaging announced the development of a new technology for anti-corrosion bags that improves their durability and puncture resistance.
- In 2021, BOC Group launched its new “CorroSafe” line of anti-corrosion bags made from a proprietary material that is resistant to a wide range of corrosive chemicals.
- In 2021, Ecolab acquired the anti-corrosion bags business of a leading manufacturer in Europe.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global anti-corrosion bags market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the anti-corrosion bags market, the market is segmented on the basis of product type (zipper bags, flat bags, gusseted bags, and other customized bags), by layer type (mono-layer, and multi-layer), and by application (households, building and construction, consumer goods, electronics and electrical, automotive, and pharmaceuticals and medical devices), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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