Gusseted Bags Market to Reach USD 6.1 Billion by 2034, Driven by Eco-Friendly Packaging Demand

The gusseted bags market has been growing rapidly in recent years, with its valuation reaching an estimated USD 4.4 billion in 2024. The market is expected to progress at a CAGR of 3% through 2034, with its valuation surpassing USD 6.1 billion by 2034.

One of the major drivers of this growth is the increasing demand for eco-friendly packaging solutions. Consumers are becoming more environmentally conscious and are looking for sustainable and biodegradable packaging materials.

Gusseted bags are designed to be lightweight and easy to carry, making them an ideal choice for consumers who are always on the go. The food and online delivery industry have been the largest contributors to the growth of this segment. The need for quality and shelf life of products has created a huge demand for these bags. The cost-effectiveness and availability of various shapes and sizes make them a preferred choice for all.

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Gusseted bags offer customization and branding elements, making them an attractive packaging option for companies looking to create a unique identity for their products and increase their market share.

Plastic gusseted bags, in particular, offer exceptional product visibility, making them the preferred choice in packaging products. They provide an excellent barrier against external factors, ensuring shelf stability and a clear view of the product. This feature is crucial, especially in the food and beverage industry, where customers prefer to see the product before making a purchase.

How is the Inclination for Sustainable Packaging Solutions Favoring the Market Growth?

Steered by the growing awareness among consumers regarding hazards caused by the disposal of non-biodegradable plastic waste on the environment, the retail packaging sector is gradually shifting towards adopting green packaging solutions.

In addition to this, implementation of stringent regulations by governments in several countries regarding the use of plastics for packaging is propelling the demand for eco-friendly gusseted bags in market. Citing this trend, numerous companies are increasingly focusing on using eco-friendly materials such as paper for manufacturing gusseted bags to comply with government regulations.

"Companies that offer eco-friendly and customized gusseted packaging solutions are likely to gain a competitive edge in the market, driven increasingly by sustainability trends, convenience, and customization elements," - says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Key Takeaways from the Market Study

• Plastic gusseted bags account for a significant share of 57.4% in 2024.
• Retailers have contributed significantly to the gusseted bag sector, with a share of 43.1% in 2024.
• The gusseted bag market in India is expected to experience exponential growth at a 6.1% CAGR through 2034.
• The gusseted bag market in China is anticipated to develop at a CAGR of 4.7% through 2034.
• The gusseted bag market in Thailand is projected to inflate at a CAGR of 4.3% through 2034.
• The gusseted bag market in the United States is estimated to rise at a 2% CAGR through 2034.
• The gusseted bag market in the United Kingdom is predicted to rise at a 1.6% CAGR through 2034.

Competitive Landscape

Market players are focusing on expanding their offerings in packaging solutions by adding novel products to gain a competitive edge. Manufacturers are aiming at collaboration, merge, and acquisition with other players to strengthen their footprint in the market.

Some of the companies in the market are United States Plastics Corp, Columbia Burlap & Bag Company, Altapac, Poly Pak Plastics, ELKAY Plastics, Associated Bags, Maco PKG, Clear View Bag Company, International Plastic, Pacific Bag Inc., and PBFY Flexible Packaging.

Recent Developments:

• TricorBraun's acquisition of Pacific Bag on January 10, 2019, helped the company establish a new flexible packaging division, expanding its product line.
• Old Trapper Smoked Products introduced new packaging for their beef sticks on September 1, 2021, featuring a gusseted bag to improve product freshness and visibility.

Major Companies in Gusseted Bag Market

• United States Plastics Corp
• Columbia Burlap & Bag Company
• Altapac, Poly Pak Plastics
• ELKAY Plastics
• Associated Bags
• Maco PKG
• Clear View Bag Company
• International Plastic
• Pacific Bag Inc.
• PBFY Flexible Packaging
• TekPak Solutions
• American Plastics Company

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Segmentation of Gusseted Bag Market

By Material:

The sector is divided bifurcated into plastic and paper, based on material. Plastic material includes polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polylactic acid (PLA), and others (PVC, PS, etc.). Paper material includes brown kraft and white kraft.

By Distribution Channel:

Direct sales (manufacturers), distributors, brick-and-mortar stores, and E-retail are categorized as top distribution channels of this industry.

By End Use:

Retail, commercial, institutional, and households are key end users of the gusseted bag market.

By Region:

Regional industry analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.