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.
The anti-corrosion bags market is poised for substantial growth, driven by increasing industrialization and the rising need for protective packaging solutions. These bags are essential in safeguarding metal components and products from rust and corrosion during storage and transportation. The market is witnessing heightened demand from various sectors, including automotive, aerospace, electronics, and construction, where the integrity of metal parts is crucial.
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Advancements in material science have led to the development of high-performance anti-corrosion bags with enhanced durability and effectiveness. The incorporation of volatile corrosion inhibitors (VCIs) and other advanced technologies has significantly improved the protective capabilities of these bags. Moreover, the growing emphasis on sustainable and eco-friendly packaging solutions is further propelling market growth. Manufacturers are increasingly focusing on developing recyclable and biodegradable anti-corrosion bags to meet stringent environmental regulations and consumer preferences.
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.
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.
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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)).
Key Segments Profiled in the Global Anti-corrosion Bags Market
By Product Type:
- Zipper Bags
- Flat Bags
- Gusseted Bags
- Other Customized Bags
By Layer Type:
- Mono-layer
- Multi-layer
By Application:
- Households
- Building and Construction
- Consumer Goods
- Electronics and Electrical
- Automotive
- Pharmaceuticals and Medical Devices
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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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