In 2022, the wicketless bags market 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.
A growing number of industries are using packaging more and more as a result of technological advancements in packing technology and materials that have changed the game. Plastic materials have replaced paper as the material of choice for packaging by consumers because they offer greater flexibility and long-term product durability. Additionally, as organised retail shop formats have grown, we have seen a trend towards poly bag markets, particularly wicketless bags.
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Paper has historically been the preferred raw material for wicketless bags in nations like Germany, India, Indonesia, etc. However, wicketless bags have been shown to be an effective substitute for rigid boxes thanks to their zipper closure, serrated lip, punched vent holes and hang holes. Agricultural and food goods are intended to be transported and stored in Wicketless bags.
Poly bags are in high demand from China and India-based manufacturers of wicketless bags to meet their packaging needs. Overall, it is estimated that demand for wicketless bags would increase during the projection period, with Europe expected to display an increasing CAGR.
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.
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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.
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.
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.
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