The gusseted bag market valuation is US$ 4.4 billion in 2024. Growing sustainability trends have created huge growth in the packaging sector, ensuring prominence in the coming years, with an estimated value of US$ 6.1 billion by 2034. Growth in the gusseted bag industry has shown a remarkable uptrend and is foreseen to exhibit a CAGR of 3% through 2034.
| Attributes | Key Statistics |
|---|---|
| Expected Base Year Value (2024) | US$ 4.4 billion |
| Anticipated Forecast Value (2034) | US$ 6.1 billion |
| Estimated Growth (2024 to 2034) | 3% CAGR |
Consumers are now more environmentally conscious and are looking for sustainable and biodegradable packaging solutions. This has increased the demand for eco-friendly solutions. Gusseted bags are made from natural materials like paper and bioplastics. These materials offer sustainable alternatives to traditional plastic bags, aiding in the major driver for the gusseted bag market.
Growing food and online delivery industry is the biggest contributor to industry growth. The daily demand for quality and shelf life curates the utilization of these bags. Cost-effectiveness and availability of various shapes and sizes make them a choice for all. Worldwide modernization and growth in the packaging sector ensure customers get value for their money.
To add to its popularity are customization and branding elements that these bags offer. They offer a platform for printing company logos and product information, making them attractive packaging options to create a unique identity. All these elements together upsurge the industry’s share and profitability.
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Plastic gusseted bags offer exceptional product visibility, making them the preferred choice in packaging products. As some packaging products require a clear view of the content, these bags boost sales. This feature is very crucial in the food and beverage industry. Customers prefer to see the product before purchasing.
Plastic gusseted bags also provide an excellent barrier against external factors. Thus, shelf stability is also maintained. Cost-effectivity compared to other materials like paper and aluminum aids in the high adoption of plastic materials. Plastic gusseted bags account for a commendable share of 57.4% in 2024.
| Attributes | Details |
|---|---|
| Material | Plastic |
| Share (2024) | 57.4% |
Plastic material is lightweight, making it easier to transport and store in large quantities. This reduces the shipping cost and increases the profitability of sales and suppliers. Plus, these bags can be customized with company logos, brand names, and other product information. Acceleration in marketing due to brand recognition and product appeal due to plastic material benefits the sales of these bags.
Retailers use gusseted bags to package and display a wide range of products like food items, clothing, and other consumer goods. The design of these bags makes them stand upright. Thus, they can be more feasible for retailers to display on shelves, racks, or countertops. With a share of 43.1% in 2024, retailers have been a remarkable contributor in this sector.
| Attributes | Details |
|---|---|
| End Use | Retail |
| Share (2024) | 43.1% |
Gusseted bags are available in multiple sizes to cover the shapes and sizes of products. This feature pushes retailers to maximize their storage space and also provides customer satisfaction with the visual appearance of the packaging. Thus convenience, versatility, and affordability of these bags boost the industry's success.
Emerging sectors with growing consumer bases and increasing disposable revenues have accelerated the country-wide adoption of gusseted bags. Asian and American countries with strict government regulation and increasing food and beverages industries have accounted for the global share of the gusseted bag market.
India, holding a prominent position with 6.1% from 2024 to 2034, has captured the space globally. Other countries like China, Thailand, the United States, and the United Kingdom are also scoring high with intense competition from others and the presence of industry players.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| India | 6.1% |
| China | 4.7% |
| Thailand | 4.3% |
| United States | 2% |
| United Kingdom | 1.6% |
India is going through sustainability trends and incorporating advanced features like resealable closures and easy open mechanisms. India’s packaging sector is excelling in the food and beverage industry with a huge demand for biodegradable packaging options, like gusseted bags.
With the adoption of Western culture and the availability of varied snacks, coffee, powders, and many more, the sector is touching new heights. India’s gusseted bag market has, locally and internationally, made immense progress recently, subjecting an estimated CAGR of 6.1% through 2034.
India is also home to various spices, nuts, and alkaline products that require proper packaging solutions. These bags offer shelf life and even the visual publicity of these products. International trade of these goods has also spurred the growth of this sector.
Growing demand from various end users in industries such as pharmaceuticals, food, beverages, and agriculture in China has bloomed the industrial status. These bags offer advantages like storage capacity, shelf life presence, and better protection. This makes them more popular among manufacturers and consumers in China. China’s gusseted bag market is set to have a strong foothold through e-commerce, With a CAGR of 4.7% from 2024 to 2034.
Major companies in China are expanding product lines and investing in advanced manufacturing technologies. Integration of smart packaging technologies for improved consumer engagement is what Chinese players are focused on. Some key players in China are Qingdao Dongfangjia Plastic Packaging Co., Ltd., Zhejiang Gonfor Soft-package Co., Ltd., and Shandong Qingzhou Hengchun Packing Co., Ltd.
Introduction of eco-friendly gusseted bags made from biodegradable materials and the adoption of advanced printing techniques is soaring sectoral growth in Thailand. Thailand’s market is estimated to register a CAGR of 4.3% through 2034.
Thailand’s booming tourism industry has spurred the requirement for these bags, especially for tourists looking for convenient and eco-friendly packaging solutions. Thailand, with every coming year, demand for these sustainable bags for packaging souvenirs, local delicacies, and more. Thai government’s initiatives on promoting sustainable tourism and reducing plastic waste have augmented the segment driving the industry’s growth.
Rising eCommerce and the need for efficient packaging solutions for shipping and transportation in the United States have soared the gusseted bag market growth. Increasing advancements in these sectors are leading to its growth in various packaging applications, like storage of paint, fertilizers, food grains, and dry food products.
The United States, with its rapid expansion in the packaging sector and evolving with this trend, is likely to cover a CAGR of 2% through 2034. Key players in the industry include Mondi Group, Berry Global Inc., ProAmpac, Sonoco Products Company, and Sealed Air Corporation.
Emphasis of the United Kingdom on reducing plastic waste and adopting eco-friendly packaging options has immensely contributed to the success of the gusseted bag market. Consumers in the United Kingdom are more shifted to sustainable packaging materials. These bags are often made of recyclable material and provide efficient space utilization. Thus, the requirement and growing needs curate lucrative opportunities for manufacturers and suppliers in the United Kingdom.
Online retailers like food delivery, pharmacies, and daily goods are also major drivers of this sector in the country. The United Kingdom is on its nascent growth in this industry, with a foreseen CAGR of 1.6% from 2024 to 2034. Plus increasing popularity of these bags is accelerating their demand in various industries and in day-to-day life.
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Industry players are integrating anti-counterfeiting features to ensure product authenticity. They are collaborating with packaging companies and e-commerce platforms for sustainable packaging initiatives.
Manufacturers are strengthening strategic partnerships with industry players to expand segmental reach. Investing in research and development for innovative product design and materials is also the current status of many manufacturers. The gusseted bag market has created prominence among many global players because of its impressive features, which promote its presence among suppliers, retailers, and buyers.
In April 2022, a company named TricorBraun announced the acquisition of PBFY, a flexible packaging distributor in North America. Many such initiatives are taken to have a strong hold on the current trend of sustainability through gusseted bags. The ever-growing power of this sector has curated a number of opportunities in global industries.
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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.
Direct sales (manufacturers), distributors, brick-and-mortar stores, and E-retail are categorized as top distribution channels of this industry.
Retail, commercial, institutional, and households are key end users of the gusseted bag market.
Regional industry analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
Industry is set to reach US$ 4.4 billion in 2024.
Industry valuation is expected to reach US$ 6.1 billion by 2034.
The industry is set to register a CAGR of 3% from 2024 to 2034.
Plastic, with an industry share of 57.4% for 2024, is mostly preferred.
India’s industry is expected to progress at a CAGR of 6.1% through 2034.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Bag Type 6.2. Material Type 6.3. Thickness 6.4. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Bag Type 7.1. Side Gusseted 7.2. Bottom Gusseted 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 8.1. Paper 8.2. Polypropylene 8.3. Polyethylene 8.4. Nylon 8.5. Biodegradable Plastics 8.6. Metal Foil 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness 9.1. < 2 Mil 9.2. 2 - 5 Mil 9.3. > 5 Mil 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 10.1. Coffee & Tea Packaging 10.2. Bakery Product Packaging 10.3. Unprocessed F&B Packaging 10.4. Dry Processed F&B Packaging 10.5. Wet Processed F&B Packaging 10.6. Pet Food Packaging 10.7. Consumer Goods Packaging 10.8. Others 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. South Asia 11.5. East Asia 11.6. Eastern Europe 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Bag Type, Material Type, Thickness, and Application for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. United States Plastics Corp 21.2. Columbia Burlap & Bag Company 21.3. Poly Pak Plastics 21.4. ELKAY Plastics 21.5. Associated Bags 21.6. Maco PKG 21.7. Clear View Bag Company 21.8. International Plastic 21.9. Pacific Bag Inc. 21.10. PBFY Flexible Packaging 21.11. TekPak Solutions 21.12. American Plastics Company
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Gusseted Bag Market
