The global wicketless bags market, valued at USD 781 million in 2022, is expected to grow at a compound annual growth rate (CAGR) of 4%, reaching a market valuation of USD 1.16 billion by 2032. The increasing demand for space-efficient and environmentally friendly packaging solutions is a major driver of this market’s growth.
Key Growth Drivers:
- Rising Population and Food Storage Needs: The expanding global population directly boosts the demand for wicketless bags, particularly for storing food and agricultural products.
- Sustainability Trends: Wicketless bags made from biodegradable materials align with global sustainability goals, encouraging their adoption over traditional rigid boxes.
- Space Efficiency and Versatility: These bags consume less space compared to rigid boxes, offering a flexible alternative for diverse applications, from food storage to heavy-duty packaging.
Material Insights:
- Material Type:
- Plastic: Includes polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others. Plastic-based wicketless bags remain popular for heavy product storage.
- Paper: Increasingly preferred for sustainable development, with government regulations discouraging plastic usage boosting demand for paper-based alternatives.
Global Wicketless Bags Market – Market Dynamics:
Conventionally, wicket bags were dominantly used across the poly bags market, but with increasing use of bulk application products in the food industry it has translated into a high demand for wicketless bags. Also, easy availability of resins has fuelled a high demand for the manufacturers to produce plastic wicketless bags at a comparatively cheaper cost.
On the flip side, high regulatory pressure from European and North America legislative bodies on the use of the poly material is creating a backlash on the manufacturer of wicketless bags. Moreover, countries such as Rwanda have banned the use poly bags which is quite a lucrative market for wicketless bags. Such factors are affecting the revenue margin of domestic distributor and manufacturers of wicketless bags. Overall the market of wicketless bags is expected to showcase a lucrative growth opportunity during the forecast period.
Global Wicketless bags Market – Market Segmentation:
Global wicketless bags market is segmented into material type, capacity type, and end use industry. On the basis of material type, the global wicketless bags is segmented into plastic and paper. Further, plastic is segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others.
On the basis of capacity type, the global wicketless bags market is segmented into less than 5 kg capacity, 5.1 to 8 kg capacity, 8.1 to 12 kg capacity, more than 12.1 kg capacity.
On the basis of end use industry, the global wicketless bags market is segmented into food and beverage, cosmetic and personal care, industrial products, automobile, pharmaceutical and others.
Global Wicketless Bags Market – Regional Outlook:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
The global wicketless bags market is predominantly demanded in the regions of APEJ and MEA market. Countries such as China, India, South Africa are among the key markets who are demand wicketless bags. The increasing demand for poly bags across APEJ market is correlating a high consumption pattern across the APEJ region. Regions of Europe and North America are showcasing an increasing growth of wicketless bags due to increasing consumption of grocery and food items.
Wicketless Bags Market – Key Players:
Some of the key players operating in the global wicketless bags market include Emerald Packaging, Destiny Packaging Inc., Alpha Poly Corporation.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Wicketless Bags Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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