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Wicketless Bags Market to Witness an Outstanding Growth During 2017-2027

08-27-2018 10:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Wicketless Bags Market to Witness an Outstanding Growth During

Innovation and technological development in packaging material and equipment has created game-changing opportunities and increasing application use of packaging across numerous industries. Consumer’s choice of packaging product has seen a paradigm shift from paper to plastic materials as it offers increased flexibility and long-haul durability of the product. Also, increasing growth in organized retail store format have observed a shift toward poly bags market and in particular wicketless bags.

Traditionally, paper material was the primary choice of raw material in wicketless bags across countries of Germany, India, Indonesia, etc. But wicketless bags with the feature of the zipper closure, serrated lip, punched vent holes and hang holes is proven to be an alternative replacement of rigid boxes. Wicketless bags are designed with the intention of storing and transporting agricultural and food products. Manufacturers of wicketless bags from countries of China, India are predominantly demanding poly bags to fit in their packaging requirement. Overall, the demand for wicketless bags is anticipated to boost during the forecast period, with the region of Europe expected to showcase a surging CAGR during the projected period.

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Conventionally, wicket bags were dominantly used across the poly bags market, but with increasing use of bulk application products in the food industry it has translated into a high demand for wicketless bags. Also, easy availability of resins has fuelled a high demand for the manufacturers to produce plastic wicketless bags at a comparatively cheaper cost.

On the flip side, high regulatory pressure from European and North America legislative bodies on the use of the poly material is creating a backlash on the manufacturer of wicketless bags. Moreover, countries such as Rwanda have banned the use poly bags which is quite a lucrative market for wicketless bags. Such factors are affecting the revenue margin of domestic distributor and manufacturers of wicketless bags. Overall the market of wicketless bags is expected to showcase a lucrative growth opportunity during the forecast period.

Global wicketless bags market is segmented into material type, capacity type, and end use industry. On the basis of material type, the global wicketless bags is segmented into plastic and paper. Further, plastic is segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others.

On the basis of capacity type, the global wicketless bags market is segmented into less than 5 kg capacity, 5.1 to 8 kg capacity, 8.1 to 12 kg capacity, more than 12.1 kg capacity.

On the basis of end use industry, the global wicketless bags market is segmented into food and beverage, cosmetic and personal care, industrial products, automobile, pharmaceutical and others.

North America,Latin America,Eastern Europe,Western Europe,Asia Pacific excluding Japan (APEJ),Middle East & Africa (MEA),Japan. The global wicketless bags market is predominantly demanded in the regions of APEJ and MEA market. Countries such as China, India, South Africa are among the key markets who are demand wicketless bags. The increasing demand for poly bags across APEJ market is correlating a high consumption pattern across the APEJ region. Regions of Europe and North America are showcasing an increasing growth of wicketless bags due to increasing consumption of grocery and food items.

Some of the key players operating in the global wicketless bags market include Emerald Packaging, Destiny Packaging Inc., Alpha Poly Corporation.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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