The handle gusseted bags market is worth US$ 23.2 Billion in 2022, likely to surge at a vigorous 2.8% CAGR during the assessment period. The handle gusseted bags market is anticipated to be valued at US$ 30.58 Billion by 2032.
| Attributes | Details |
|---|---|
| Handle Gusseted Bags Market Size (2022) | US$ 23.2 Billion |
| Handle Gusseted Bags Market Projected Size (2032) | US$ 30.58 Billion |
| Value CAGR (2022 to 2032) | 2.8% |
Businesses involved in the handle gusseted bags market sector are now more engaged with launching strategies like targeted marketing, CSR programs, etc., to increase their global prominence. These businesses are now aiming to manage a specific business-related activity in a nation that offers favorable policies is a discernible trend being observed across the board.
Doing this enables businesses to reduce expenses while retaining industry experts for each crucial stage of their organizations. By lowering trade tariffs and duties, governments in developing nations like India, China, Taiwan, and Indonesia, among others, are enacting policies to entice foreign investors to the corresponding manufacturing sectors and create more jobs.
Important handle gusseted bags market stakeholders announce that it has pre-leased a 1,000,821 square foot bulk distribution facility center to become the largest distributor of shipping, packaging, and industrial supplies in North America.
Signed a 10-year lease and merged the operations of two nearby distribution centers into the cutting-edge facility, which may act as its logistics hub in the United States to handle the gusseted bags market. The building may house the company's administrative offices along with storage and distribution space.
Handle gusseted bags market makers have acquired the strongest independent, flexible packaging distributors in the US. The company would merge with its current flexible business to develop a new business unit devoted to flexible packaging.
Handle gusseted bags market participants are acquiring sizable stakes in the business. The main components of the transaction are the sale of a portion of the existing shareholders' stakes and the injection of primary capital for capacity expansion and inorganic acquisitions to enable faster scaling up of its product portfolio for both domestic and international markets.
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Packaging protects our product from any kind of damage as well as it enables users to carry the product from one place to another place. It also restoring the freshness of the product and also provide the consumer with convenience in terms of storing the product. Handle Gusseted bags falls under the category of flexible packaging manufactured from various materials.
Handle gusseted bags are mostly used because of its eco-friendly nature and biodegradable. Handle gusseted bags are used by various shopkeepers and in the supermarket due to its low cost and are also easy to use. Earlier handle gusseted bags were used for packaging of tea and coffee only but now it is being used in various product portfolio.
Handle gusseted bags helps to stabilize the product and increases the product life and the freshness of the product. Handle gusseted bags are easier to carry and occupy less space. Handle Gusseted bags are being extensively used by various retailers and consumer good manufacturing companies. Handle gusseted bags are being used to enhance the brand images by promoting their company logo on their bags.
As compared to conventional gusseted bags, handle gusseted bags are ease to carry which are the key factors that enhance the growth of handle gusseted bags. Handle gusseted bags ensures the product safety and rawness of the product. The easy handling property and the light weight of handle gusseted bags are driving the growth of handle gusseted bags.
The high cost of the handle gusseted bags as compared to the traditional gusseted bags is restricting the growth of the market of handle gusseted bags. The property of recyclability and biodegradability of handle gusseted bags are driving the growth of global handle gusseted bags market.
Handle gusseted bags are being used in different industries like pharmaceutical, food & beverages, Cosmetics & home care etc. Handle gusseted bags are also being used for branding promotions of various companies. As the plastic bags cause more pollution and are not easily recycled therefore the government banned the use of plastic bags due to which the demand for handle gusseted bags is increasing.
Principal Consultant
Geographically, the global Handle Gusseted Bags market is segmented into
Currently, Asia Pacific is leading the market owing to its large population base and high per capita consumption of gusseted bags as compared to Europe and North America. The demand of Handle Gusseted Bags is anticipated to rise in North America owing to the high-value features of the gusseted bags and an increasing demand from consumers for convenient and portable packaging.
The major key players of Handle Gusseted bags Market are, Uline, Inc., Pacific Bag, Inc., S. B. Packagings Ltd., International Plastics Inc., AR-BEE Transparent Products, Inc., CLEAR VIEW BAG COMPANY, Four Star Plastics, Inc, Elkay Plastics Co., Inc., The Bag Workshop, Novolex, etc.
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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.
Global handle gusseted bags market is being segmented on the basis of product type, raw material type and end use industry.
On the basis of closing type Handle Gusseted bags can be segmented as:
On the basis of raw material type Handle Gusseted bags can be segmented as:
On the basis of end use industry Handle Gusseted bags can be segmented as:
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Handle Gusseted Bags Market
