Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 685.2 Million | USD 966.9 Million | CAGR at 3.90% | 2023 |
According to the report published by Zion Market Research, the global Grip Seal Bags Market size was valued at USD 685.2 Million in 2023 and is predicted to reach USD 966.9 Million by the end of 2032. The market is expected to grow with a CAGR of 3.90% during the forecast period. The report analyzes the global Grip Seal 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 Grip Seal Bags Market industry.
Grip seal bags are nothing but flexible plastic bags that are generally used for storing small objects such as mechanical components, stationery, metal particulates, etc. It provides airtight and watertight protection to the products that are stored in the bags. They can be reused hence making it flexible. Previously, the grip seal bags were used to store fishes and food items making its application limited. But now it is being widely used in various applications including industrial. In the food and beverages industry, there is a huge demand for the grip seal bags thus increasing its demand.
The market for the grip seal bags is globally fragmented into the end-use industry, material type, and type.
Based on the end-use industry, the market is categorized into chemical and petrochemical, cosmetics, pharmaceutical, textile, food and beverages, institutional retail, manufacturing, automobile, and others.
Depending on the material type, the market is segregated into plastic. The plastic segment is further subdivided into low-density polyethene, polypropylene, high-density polyethene, and others.
The different types of the product type that are available in the market are mailing bags, write-on bags, heavy duty bags, clear bags, and slider zipper bags.
The grip seal bag manufacturers are focusing continuously on the product development and in finding the appropriate properties of the film. The manufacturers have developed modified atmosphere packaging, which has the resistance to both oxygen and water. It helps in slowing down the deterioration process of the confectionery products and other food products. This innovation that was developed in the packaging increased the demand for the flexible packaging market. Substantial opportunities are being created for the grip seal bag manufacturers in order to break through into the untapped industries in the developed and emerging markets. The major restraining factor of the grip seals bags market is the growing regulations that are implemented by the government on the use of plastics in the production methods. The manufacturers are increasing their cost margin per product owing to the strict regulations implemented by the local bodies and international bodies.
Report Attributes | Report Details |
---|---|
Report Name | Grip Seal Bags Market Research Report |
Market Size in 2023 | USD 685.2 Million |
Market Forecast in 2032 | USD 966.9 Million |
Growth Rate | CAGR of 3.90% |
Number of Pages | 196 |
Key Companies Covered | CFN Packaging Group Limited, Grays Packaging Ltd., DUO Packaging, Flexopack, Century Art, 3A Manufacturing, and Elliott Packaging |
Segments Covered | By End-use Industry, By Material Type, By Type 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 |
The geographical segmentation of the global grip seal bags market is diversified into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, and the Middle East and Africa. Western Europe has major production of the grip seal bags. The producers of the grip seal bags export the materials to the Middle East, Asia Pacific, and North America. In terms of consumption the market that is leading the global market is the North America wherein the major share of consumption is by the U.S.
The prominent market players that are involved in the grip seal bags market are:
By End-use Industry
By Material Type
By Type
Global Grip Seal Bags Market: Regional Segment Analysis
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