In 2022, the market for wicketless bags is expected to be worth US$781 million. From 2022 to 2032, the market is anticipated to grow at a 4% CAGR. By 2032, it should still be worth 1156.13. Wicketless bags take up less room than rigid boxes, making them a great substitute. This typically indicates a rise in the demand for wicketless bags as a whole.
Given that wicketless bags are mostly used for keeping food and agricultural products, the increase in population directly affects them. In order to attain sustainable development, wicketless bags may be environmentally benign because they may be reused and constructed of biodegradable materials. Resins are readily available, which has accelerated the expansion of this market; nonetheless, the
Global Wicketless Bags Market: Introduction:
Innovation and technological development in packaging material and equipment has created game-changing opportunities and increasing application use of packaging across numerous industries. Consumer’s choice of packaging product has seen a paradigm shift from paper to plastic materials as it offers increased flexibility and long-haul durability of the product. Also, increasing growth in organized retail store format have observed a shift toward poly bags market and in particular wicketless bags.
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Traditionally, paper material was the primary choice of raw material in wicketless bags across countries of Germany, India, Indonesia, etc. But wicketless bags with the feature of the zipper closure, serrated lip, punched vent holes and hang holes is proven to be an alternative replacement of rigid boxes. Wicketless bags are designed with the intention of storing and transporting agricultural and food products. Manufacturers of wicketless bags from countries of China, India are predominantly demanding poly bags to fit in their packaging requirement. Overall, the demand for wicketless bags is anticipated to boost during the forecast period, with the region of Europe expected to showcase a surging CAGR during the projected period.
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.
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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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