The global Wicketed Bags market is expected to grow at a CAGR of around 4.2% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 517 Million by 2027.
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Wicketed bags are gaining significant traction nowadays due to its cost-effectiveness and more efficiency. Many of the end users such as retail, institutional, and industrial are switching to use these bags as a packaging solution, as these bags have high yield and tear resistance. Additionally, waterproof packaging is a major concern among many end users for ensuring their product safety and shelf life. Wickets provided in bags allow packaging operator to transfer product more efficiently from the worktable to the plastic bags and then to follow sealing operation. This increases speed of packaging and production activities ensuring maximum productivity for the organization. Therefore, lucrative sales opportunities are expected for wicketed bags in the near future.
For better market understanding, research team has considered consumption and sales of wicketed bags as per various materials used for manufacturing of such bags and applications across five regions. End users have more inclination toward eco-friendly material; therefore, consumption of non-biodegradable material-based wicketed bags is rapidly increasing since the past three years.
Flexible packaging is widely preferred for properties such as cost effectiveness, durability, and low weight. Flexible packaging occupy smaller spaces during packaging and accommodation on shelves. Wicketed bags enhance the aesthetic appeal of a product and can augment product dispensing, along with durable packaging. Thus, an increasing inclination of product manufacturers toward the adoption of flexible packaging solutions over rigid packaging in primary packaging is observed.
|Market Size||US$ 517 Million by 2027|
|Growth Rate||CAGR of 4.2% From 2021 to 2027|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2027|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Berry Global Inc., PAC World Corporation, Bischof + Klein SE & Co. KG, Mondi Plc, St. Johns Packaging, Sonoco Products Company, Supreme Plastics Group, LPS Industries. Inc., Uflex Ltd., and Coveris Holdings S.A.|
Wicketed Bags Market Challenge:
Recycling of plastic bags is one of the major challenges for manufacturers and users. Wicketed bags are mostly manufactured using multi-layer blend of co-extruded polyethylene for boosting its strength. Furthermore, to make it attractive, many end users are using printing inks and other materials. Recycling of plastic bags having composite material layers and ink and dye are resulting in degrading quality of recycled plastic resins.
In order to minimize this, key players are manufacturing wicketed bags using bio-degradable material, which has less impact on the environment and is easy to recycle. Several states in Europe maintain strict packaging rules for both, manufacturers and distributors. Government authorities operating in many countries introduced stringent regulations on plastics below 50 micron in order to reduce the carbon emission and release of harmful chemicals. In addition, there are several laws enacted by the FDA regarding plastic use, specially associated with food and pharmaceuticals packaging. Packaging manufacturers operating in European and American countries are required to comply with the legislative requirements of regional governments to sell products. Small-scale wicketed bags manufacturers operating in the U.S. flexible packaging segment are not able to compete in the market due to high expenditure on innovation of existing products to comply with existing rules and regulations. All these factors are projected to restrict the wicketed bags market growth to a certain extent.
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Recent report on the Wicketed Bags market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Wicketed Bags market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Wicketed Bags market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Wicketed Bags market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Wicketed Bags market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Wicketed Bags market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Wicketed Bags market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Wicketed Bags market is analyzed at both regional and country levels.
Some of the prominent players in the Wicketed Bags market include:
Berry Global Inc., PAC World Corporation, Bischof + Klein SE & Co. KG, Mondi Plc, St. Johns Packaging, Sonoco Products Company, Supreme Plastics Group, LPS Industries. Inc., Uflex Ltd., and Coveris Holdings S.A.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Wicketed Bags Market Structure
Wicketed Bags Market by Material
- Non Bio-degradable
- Polyethylene (PE)
- Polyvinylchloride (PVC)
- Polyester (PET)
- Polypropylene (PP)
- Polystyrene (PS)
- Others (Polyamide [PA], etc.)
Wicketed Bags Market by Application
- Retail & Consumer
- Food & Beverages
- Cosmetics & Personal Care
- Home Care & Toiletries
- Clothing & Apparel
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
- North America [United States, Canada, Mexico],
- South America [Brazil, Argentina, Columbia, Chile, Peru].
- Middle East & Africa [GCC, North Africa, South Africa],
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Wicketed Bags market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Wicketed Bags market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Wicketed Bags market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Wicketed Bags market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Wicketed Bags are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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