Press release
Freezing Bags Market Estimates Showing Surprising Stability in key Business Segments till 2030
Freezing bags are the storage bags which are generally used for long term storage thereby increasing the shelf life of the items. Freezing bags are thicker than the normal storage bags making them more robust and ideal for storage of some protruding items like meat.Due to this thickness these freezing bags have the capability of withstanding very low temperatures without formation of ice cubes on the outer surface of the bags. Freezing bags are transparent as well as available in multiple colors.
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The ongoing COVID-19 pandemic has caused disruption in all the sectors of manufacturing along with others. The freezing bags market will not remain untouched by the effects of COVID-19. It is likely to see closure of manufacturing units due to lockdown periods coupled with choked supply chain and logistics bottlenecks.
Freezing Bags Market: Drivers and Restraints
The major driver for the global market for freezing bags is rising demand for the freezing bags owing to their increased use for storage in food industry and pharma industry. The increased uses in the fruit and vegetables industry along with meat and poultry industry will add to the growth of the global market for freezing bags.
Technology advancement in manufacturing of the existing types of freezing bags together with innovations to bring in new types of freezing bags will continue the upward trend of the global freezing bags market. Changing lifestyles where customers prefer better packaging and demand more ways for storage of food can be another driving factor to speed the growth of global market for freezing bags.
Additionally, busy lifestyles where people prefer better options to store perishable items is also driving the demand for the freezing bags. The growing trend for sustainability and rising awareness to reduce the wastage of food are few other factors driving the growth of the global market of freezing bags.
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Apart from the food industry, the growing trend in the other industries for the usability of freezing bags will also contribute to the growing trend of international freezing bags market. The growing awareness among people to stop the use of plastic may hinder the growth of the market of the freezing bags.
Furthermore, the growing regulations in the various regions of the world to prohibit the use plastic may add to the challenges for growth for the global market of freezing bags. Moreover, less adoptability of freezing bags in the emerging markets can also slow the growth of the market of the freezing bags.
Freezing Bags Market: Segmentation
The international freezing bags treatment market is segmented based on product type, material type, end user type, distribution channel and region.
By product type, the global freezing bags market is segmented as:
Reusable
Disposable
By material type, the global freezing bags market is segmented as:
High-Density Polyethylene (HDPE)
Medium Density Polyethylene (MDPE)
Low-Density Polyethylene (LDPE)
By end user type, the global freezing bags market is segmented as:
Pharmaceutical Industry
Chemical Industry
Food Industry
By distribution channel, the global freezing bags market is segmented as:
Offline Stores
Online Stores
Freezing Bags Market: Overview
With the estimated more than 75 million Americans using around 3 to 5 freezing bags in the year 2019 and 87.6 million of them using 1 to 2 freezing bags in the year 2019 indicate that widespread adoptability of the freezing bags. In the material type segment, High-Density Polyethylene (HDPE) is expected to register a steady growth. In the end user segment, the food industry can be estimated to be the most lucrative in the global market of freezing bags. Based on distribution channel, the online stores can be expected to register more growth owing to the growing trend of e-commerce.
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Freezing Bags Market: Region-wise Outlook
North America is expected to occupy major chunk of the global freezing bags market as the demand for the freezing bags is expected to be high in this region owing to growing food industry. This will be followed by Europe as the growing urban population in the cities of Europe will result in growing demand for the freezing bags. The region in the Middle East and Africa can be expected to be the least lucrative segment owing to the less adoptability of the freezing bags in the region.
Freezing Bags Market: Key Players
The key players for the global freezing bags market are S. C. Johnson, Great American Packaging, The Glad Products Company, Reynolds Consumer Products, Elevate Packaging, Weston, Rutan Poly Industries, Inc., Star Poly Bag, Inc., Abbey Polythene, Maxpak Australasia, Falcon Pack, Convex Innovative Packaging among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Indication
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Europe (Germany, U.K, France, Italy, Spain)
South Asia (India, ASEAN Countries)
East Asia (Japan, China & South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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