Between 2022 and 2032, the demand for volatile corrosion inhibitor bags is anticipated to grow at a strong CAGR of roughly 6.4%. Growth can be attributed to the increasing usage of volatile corrosion inhibitor bags for preserving corrosion-sensitive products during storage and shipping in a variety of end use industries, including automotive, medical devices, and electronics.
Manufacturers are coming up with new anti-corrosion goods such volatile corrosion inhibitor bags that not only prevent corrosion but also aid to extend the life of packaged products as the search for developing innovative packaging solutions intensifies.
Volatile corrosion inhibitor bags are creative packaging solutions made possible by impregnating packaging materials like paper and plastic with volatile corrosion inhibitors (VCI).
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How will the Asia Pacific Excluding Japan (APEJ) market experience growth?
According to FMI, the market for volatile corrosion inhibitor bags in Asia Pacific Excluding Japan (APEJ) is anticipated to grow at a relatively higher CAGR over the course of the forecast period as a result of the rapidly expanding end-use industries, rising consumer awareness, and soaring demand for protective packaging solutions.
China continues to lead the pack in the APEJ volatile corrosion inhibitor bags market, and this upward trend is probably here to stay. One of the top exporters of metallic goods, including electrical and automotive components, is the nation.
What Makes Western Europe an Attractive Market for Volatile Corrosion Inhibitor Bags?
Western Europe accounted for a major chunk of the global volatile corrosion inhibitor bags market in 2022 and is expected to register a healthy growth rate during the assessment period. Growth in the market is attributable to the rising export of automotive, military and medical products and equipment by countries like Germany and the United Kingdom.
Most of the metallic component manufacturers across the region prefer to use volatile corrosion inhibitor bags over protective coatings due to their various attractive benefits. These anticorrosion bags not only help them to protect the products from dust, gases, and moisture but also reduce the overall costs.
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Market Competition
Some of the key participants present in the global volatile corrosion inhibitor bags market include
- Royco Packaging, Inc.,
- Alfa Solution AS,
- Armor Protective Packaging,
- Protective Packaging Corporation,
- Daubert Cromwell, Inc.,
- Rustx, and
- Heritage Packaging among others.
The global volatile corrosion inhibitor bags market is highly competitive in nature due to the large presence of regional and domestic players. Leading players are continuously adopting growth strategies such as new product launches, capacity expansion, partnerships, and move towards online shopping platforms to gain a competitive edge in the market. Besides this, they are collaborating with end-use industries to supply them with customized products for specific applications.
Key Segments Profiled in the Volatile Corrosion Inhibitor Bags Industry Survey
By Material Type:
- Plastic Bags
- Paper Bags
By Layer:
- Mono-layer
- Multi-layers
By Product Type:
- Flat Bags
- Gusseted Bags
- Zipper Bags
- Others
By End Use:
- Automotive
- Electrical and Electronics
- Military
- Aerospace
- Medical Devices
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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