Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 851.4 Million | USD 1281.96 Million | 4.2% | 2023 |
According to the report published by Zion Market Research, the global Wicketed Bags Market size was valued at USD 851.4 Million in 2023 and is predicted to reach USD 1281.96 Million by the end of 2032. The market is expected to grow with a CAGR of 4.2% during the forecast period. The report analyzes the global Wicketed Bags Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Wicketed Bags industry.
Wicketed bags are stacked bags aligned neatly on a wire ticket and are placed with a rubber washer or chipboard header. These bags are widely utilized in flexible packaging materials. Anything from frozen meals and fresh foods to pets and outdoor materials can be stored. Some of the materials used for manufacturing these bags include polyamide, cast polypropylene, polyester, polyethylene, and several others. It is widely utilized for industrial items, personal care, beauty products, and food items.
One of the major factors driving the growth of the global wicketed bags market is the increasing demand for process and convenience food. Also, the growing disposable income of the people is further boosting its demand in the market. The ongoing technological advancements are inducing companies to automate their bag manufacturing process to enhance consistency and offer operational efficiency in the production unit. Manufacturers are increasing their findings to boost the research & development activities and launch bio-based materials that completely comply with the AQMD standards.
The growing utilization of bio-based product in place of toxic plastic is creating lucrative growth opportunities in the market. The emergence of eco-friendly and sustainable wicketed bags is positively shaping the trajectory of the global wicketed bags market. These sustainable and eco-friendly wicketed bags consume less energy and produce low waste, which in turn also reduces the carbon footprint. Advancements are helping to overcome the underlying challenges of heat seal issues. The surging trend of customized printing and attractive color graphics in wicketed bags are also harnessing its appearance and shelf appeal for sale.
The global wicketed bags market can be segmented into application, closure, packaging material, and region.
By application, the market can be segmented into industrial goods, cosmetic & personal care products, pharmaceutical products, food products, and retail & consumer. The retail & consumer segment accounts for the largest share in the global wicketed bags market due to the fact that they guarantee a large number of choices, offer attractive dispensing, and are user-friendly.
By closure, the market can be segmented into non-reclosable back and reclosable bags.
By packaging, the market can be segmented into semi-rigid packaging and flexible packaging. The flexible packaging segment dominates the global wicketed bags market as they are cost-effective, lightweight, and durable in nature. Flexible packaging occupies less room for packaging and storage shelves. These wicketed bags complement the product appearance and facilitate sturdy packaging.
By material, the market can be segmented into biodegradable and non-biodegradable materials. The non-biodegradable material segment can further be bifurcated into polyamide, polyester, polyvinyl chloride, cast polypropylene, polyvinylidene, chloride polyethylene, and others. The non-biodegradable material segment holds the largest share in the global wicketed bags market, as they offer transparent packaging with better qualities.
Report Attributes | Report Details |
---|---|
Report Name | Wicketed Bags Market |
Market Size in 2023 | USD 851.4 Million |
Market Forecast in 2032 | USD 1281.96 Million |
Growth Rate | CAGR of 4.2% |
Number of Pages | 201 |
Key Companies Covered | Chun Yip Plastics, Sheel Pack, WrapEx, Midwest Poly Pak, A-Pac Manufacturing, Rutan Poly Industries, Richmond Plastics, KG Marketing and Bags, Maco PKG, International Plastics, OM FLEX, Coveris Holdings S.A., Uflex Ltd., LPS Industries, Inc., St. John Packaging, PAC Worldwide Corporation, Sonoco Products Company, Mondi Plc, Supreme Plastics Group, Berry Global Group Inc., and Bischof + Klein |
Segments Covered | By application, By closure, By packaging material and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global wicketed bags market due to the fast-proliferating food and beverage sector in the region. Moreover, the growing demand for packaged food, along with the growing disposable income of people, is likely to further boost the growth of the regional market during the forecast period.
North America is expected to witness a significant growth rate in forthcoming years due to the growing awareness among people regarding the convenience and flexibility offered by wicketed bags. Moreover, the presence of prominent market leaders in the region will further accentuate the growth of the regional market.
Some of the significant players in the global wicketed bags market are
By application
By closure
By packaging
By material
FrequentlyAsked Questions
One of the major factors driving the growth of the global wicketed bags market is the increasing demand for process and convenience food. Also, the growing disposable income of the people is further boosting its demand in the market. The ongoing technological advancements are inducing companies to automate their bag manufacturing process to enhance consistency and offer operational efficiency in the production unit.
Some of the significant players in the global wicketed bags market are Chun Yip Plastics, Sheel Pack, WrapEx, Midwest Poly Pak, A-Pac Manufacturing, Rutan Poly Industries, Richmond Plastics, KG Marketing and Bags, Maco PKG, International Plastics, OM FLEX, Coveris Holdings S.A., Uflex Ltd.
Asia Pacific accounts for the largest share in the global wicketed bags market due to the fast proliferating food and beverage sector in the region. Moreover, the growing demand for packaged food along with the growing disposable income of people is likely to further boost the growth of the regional market during the forecast period.
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