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Wicketed Bags Market

Wicketed Bags Market Forecasts to 2028 – Global Analysis By Type (Loose Flap, Side Gusset), Material (Bio-Degradable, Non Bio-Degradable), Application (Institutional, Industrial Goods, and Others) and By Geography

4.9 (16 reviews)
Published: August 2021 ID: SMRC20875
4.9 (16 reviews)
Published: August 2021 ID: SMRC20875

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Wicketed Bags Market is accounted for $751.91 million in 2020 and is expected to reach $1,216.64 million by 2028 growing at a CAGR of 6.2% during the forecast period. Some of the factors such as increasing demand for convenience and processed food and rising demand for flexible packaging are propelling the market growth. However, the high cost of wicketed bags and strict rules and regulations related to the use of plastic are hampering the market growth.

Wicketed bags are held together on a wicket. The wicket makes it simple to dispense bags and package different items. The bags improve the aesthetic appeal of a product and can augment product dispensing, along with durable packaging. Wicketed bags are mainly used in many end-use industries due to their properties such as high tear resistance, transparency, eco-friendly, and durability.

Based on the type, the bottom gusset segment holds the largest share in the market during the forecast period. Bottom-gusset bags are designed to contain larger and three-dimensional-shaped products. Moreover, a wicketed bag with a bottom gusset is made of polyethylene. It is very transparent and glossy owing to the use of special polymers.

By geography, the Asia Pacific holds the largest share in the market during the forecast period due to the rising demand for food and personal hygiene products in nations, such as India and China. Moreover, rising disposable income levels of the population and substantial economic conditions are encouraging a consumer to spend more on consumer products, which is expected to drive the demand for wicketed bags across the region.

Some of the key players profiled in the Wicketed Bags Market include A-Pac Manufacturing, Berry Global Group Inc, Bischof + Klein, Coveris Holdings S.A., International Plastics, KG Marketing and Bag, LPS Industries Inc, Maco PKG, Mondi Plc, PAC Worldwide Corporation, Richmond Plastics, Rutan Poly Industries, Sonoco Products Company, St. John Packaging, Supreme Plastics Group, Uflex Ltd, Welton Bibby and Baron, and WrapEx Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 751.91 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.2%

Predicted 2028 Value:

USD 1,216.64 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

197

Chapters Covered:

Type, Material, Packaging Type, Closure Type, Application and Region

Core Drivers and Opportunities:

  • Rising demand for convenience and processed food along with the increasing per capita income
  • Increasing demand for sustainable packaging solutions

Restraining Factors & Market Threats:

  • The high cost of wicketed bags
  • Strict rules and regulations related to the use of plastic


Types Covered:
• Loose Flap
• Bottom Gusset
• Side Gusset

Materials Covered:
• Bio-Degradable
• Non Bio-Degradable

Packaging Types Covered:
• Flexible Packaging
• Semi-Rigid Packaging

Closure Types Covered:
• Non-Re-Closable Bags
• Re-Closable Bags

Applications Covered:
• Institutional
• Industrial Goods
• Commercial Goods
• Retail & Consumer

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Wicketed Bags Market is majorly driven by the increasing demand for convenience and processed food and the rising demand for flexible packaging.

The bottom gusset segment is growing at the highest CAGR due to it is very transparent and glossy for the use of special polymers.

The Asia Pacific dominated with a significant market share owing to the rising demand for food and personal hygiene products.

Asia Pacific market is growing at the highest CAGR owing to the increasing disposable income and growing population.

Key players in Wicketed Bags Market include A-Pac Manufacturing, Berry Global Group Inc, Bischof + Klein, Coveris Holdings S.A., International Plastics, KG Marketing and Bag, LPS Industries Inc, Maco PKG, Mondi Plc, PAC Worldwide Corporation, Richmond Plastics, Rutan Poly Industries, Sonoco Products Company, St. John Packaging, Supreme Plastics Group, Uflex Ltd, Welton Bibby and Baron, and WrapEx Ltd.

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