Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 490.88 million | USD 797.87 million | 6.26% | 2022 |
The global moisture barrier bags market size accrued earnings worth approximately USD 490.88 Million in 2022 and is predicted to gain revenue of about USD 797.87 Million by 2030, is set to record a CAGR of nearly 6.26% over the period from 2023 to 2030.
Today, in the market, moisture barrier bags are counted among the most effective packing solutions to protect against corrosive damage that is being caused by grease, aromas, salt spray, oxygen, moisture, airborne contaminants, and humidity. This ends up less in the landfill and is, thus, a low waste alternative to other rigid packaging options. Moisture barrier bags are also sometimes termed alufoil bags or foil bags.
The global moisture barrier bags market is growing at a lucrative rate. Growing need for protective & effective packaging of the products, rise in demand for moisture barrier bags from the electronic sector to protect them from static damage, and key marketing strategies of the major players are some of the key aspects that are augmenting the growth of the global moisture barrier bags. Moisture barrier bags offer a wide range of applications including preservation of raw ingredients, pharmaceutical product protection, and storing electronic goods. Moisture barrier bags are the ideal choice for the preservation of raw ingredients like botanicals, seeds, butter, vegetable oils, and many more as the bags have low moisture vapor transmission and a low oxygen transmittal rate. In the pharmaceutical industry, products are shipped on a large scale across the world. During shipping or storage, it is essential to keep the pharmaceutical products dry and free from harm. To keep them safe, moisture barrier bags offer a perfect solution.
All these factors are contributing to the growth of the global market. Moreover, the rise in demand for the foil bags to extend the product's shelf life especially in the food industry for the packaging of pet food, liquid food, and ready-to-eat food products is also boosting the growth of the market. Furthermore, technological advancements such as the use of aluminized polymer which reduces the material cost may offer numerous opportunities for the growth of the global moisture barrier bags market during the forecast period. However, the most widely used static shielding moisture barrier bags may lose their static shielding properties when they are crumpled, folded, or highly punctured. Such drawbacks associated with the bag may restrain the growth of the global moisture barrier bags market.
The outbreak of the Covid-19 has led to unprecedented effects on the global moisture barrier bags market and is expected to witness a moderate effect on the market growth. Most of the countries declared an emergency alert and imposed a complete lockdown. The industrial sector had to cease all its operations and the retail stores were also shut down. Also, the change in consumer behavior decreased the demand for non-essential and luxurious goods. Thus, the demand for moisture barrier bags from its end-users declined during the first and second quarters of the year 2020. However, the e-commerce specific packaging and online retailing contributed to the growth in the revenue during the pandemic.
Report Attributes | Report Details |
---|---|
Report Name | Moisture Barrier Bags Market |
Market Size in 2022 | USD 490.88 Million |
Market Forecast in 2030 | USD 797.87 Million |
Growth Rate | CAGR of 6.26% |
Number of Pages | 204 |
Key Companies Covered | Twin Rivers Paper Company LLC & Billerudkorsnäs Ab, Pacific Packaging (Far East) Pte Ltd, Protective Packaging Corporation Inc, Flexopack SA, Mondi Plc., ProAmpac LLC, 3M, Amcor Plc, SCG Packaging Public Company Limited, and Sonoco Products Company. |
Segments Covered | By Product Type, By Capacity, By Material, By Package Type, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global moisture barrier bags market is divide based on material, package type, product type, capacity, end-user, and region.
Based on the material, the global moisture barrier bags market is bifurcated into plastic, paper, and aluminum foil.
Based on the package type, the global market is fragmented into gusseted bags and flat bags.
The product type segment is split into volatile inhibitors, poly moisture barrier bags, and static shielding.
The capacity segment consists of up to 10 kg, 10 to 15 kg, 15 to 20 kg, and above 20 kg.
Based on the end-user, the global market is classified into electrical & electronics, pharmaceuticals, chemicals & fertilizers, food & beverages, and others.
North America is estimated to contribute to the maximum share in the global moisture barrier bags market over the forecast period. Growing demand for the moisture barrier bags from the electronics sector to prevent the damage and rise in innovations in the packaging industry are some of the key features that are propelling the growth of the market in this region. Asia Pacific is expected to be the second-largest market due to the increase in demand for flexible packaging and surge in usage of the moisture barrier bags in pharmaceuticals.
By Product Type
By Capacity
By Material
By Package Type
By End User
By Region
FrequentlyAsked Questions
The global moisture barrier bags market is growing at a lucrative rate. Growing need for protective & effective packaging of the products, rise in demand for moisture barrier bags from the electronic sector to protect them from static damage, and key marketing strategies of the major players are some of the key aspects that are augmenting the growth of the global moisture barrier bags. Furthermore, technological advancements such as the use of aluminized polymer which reduces the material cost may offer numerous opportunities for the growth of the global moisture barrier bags market during the forecast period.
Twin Rivers Paper Company LLC & Billerudkorsnäs Ab, Pacific Packaging (Far East) Pte Ltd, Protective Packaging Corporation Inc, Flexopack SA, Mondi Plc., ProAmpac LLC, 3M, Amcor Plc, SCG Packaging Public Company Limited, and Sonoco Products Company are the key participants operating in the global moisture barrier bags market.
North America is estimated to contribute to the maximum share in the global moisture barrier bags market over the forecast period. Growing demand for the moisture barrier bags from the electronics sector to prevent the damage and rise in innovations in the packaging industry are some of the key features that are propelling the growth of the market in this region.
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