Wicketed Bags Market - A Comprehensive Study by Key Players Maco PKG., North Coast Plastics, Inc., Uflex Limited, KG Marketing & Bag Co., Richmond Plastics

The study of Global Wicketed Bags Market report helps businesses to define their own strategies about the development in the existing product, modifications to consider for the future product, sales, marketing, promotion and distribution of the product in the existing and the new market. The research and analysis performed in this Global Wicketed Bags Market report with consistent knowledge gives businesses clear idea of what is already available, what the market expects, the competitive environment, and what can be done to outshine the competitor. This market research also helps businesses to understand the various drivers and restraints impacting the market during the forecast period.

Global wicketed bags market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for sustainable packaging solutions and technological advancement are the factor for the growth of this market.

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Some of the major competitors currently working in the global wicketed bags market are OM FLEX (INDIA), International Plastics Inc., Berry Global Inc., Maco PKG., North Coast Plastics, Inc., Uflex Limited, KG Marketing & Bag Co., Richmond Plastics, Rutan Poly Industries, Inc., A-Pac Manufacturing Co., Inc, Rayna Enterprises, Mid-West Poly Pak, Inc., WRAPEX, Euphoria Packaging LLP., Welton Bibby & Baron., Sheel Pack, Bischof + Klein SE & Co. KG, Chun Yip Plastics Limited, Thantawan Industry Plc., Sonoco Products Company among others.

Market Definition:

Wicketed Bags are bags on a metal wicket that acts as a dispenser that are stacked and kept together. They are one of the most common flexible packaging. Different products such as frozen foods, fresh foods, pet foods, and other can be stored in wicketed bags. They are usually made of material polyethylene, polyester, cast polypropylene, polyamide and other. These bags are widely used in different application such as food, personal care & cosmetics products, commercial goods and other.

Market Drivers:

Increasing demand for convenience and processed food will drive the market growth

Rising per capita income will also enhance the market growth

Transformation in the retail business industry structure acts as a market driver

Growing applications of the wicketed bags fuels this market growth

Market Restraints:

High cost of the wicketed bags will hamper the market growth

Strict government regulations & norms associated with the use of plastics will also restrain the market growth

Increase usage of heat seal bags is another factor impeding the growth of this market

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Segmentation:

By Material Type

Polyethylene (PE)
Polyvinylidenchloride (PVDC)
Cast Polypropylene (CPP)
Polyvinylchloride (PVC)
Polyester (PET)
Polyamide (PA)

By Packaging Type

Flexible Packaging
Semi- Rigid Packaging
By Closure Type

Re-Closable Bags
Non-Re-Closable Bags

By Application

Food
Pharmaceuticals
Personal Care & Cosmetic Products
Industrial Goods
Commercial Goods
Others

By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market:

In June 2019, Amcor announced the acquisition of Bemis Company Inc. This acquisition will help the company enhance their capabilities and strengthen their position in the market. This will provide them opportunity to offer their customer with better solutions and develop packaging which will protect the product

In November 2016, Sonoco announced the acquisition of Plastic Packaging Inc so that they can expand their pouch & bag forming and web flexographic printing abilities. This acquisition will help the company to expand their flexible packaging assets and will enhance their abilities. With PPI technologies and abilities will also increase their customer base

Competitive Analysis:

Global wicketed bags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wicketed bags market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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