The global sales pre-made bags are estimated to be worth USD 33.0 billion in 2021 and are anticipated to reach a value of USD 61.7 billion by 2031. Sales are projected to rise at a CAGR of 6.5% over the forecast period between 2021 and 2031. The revenue generated by pre-made bags in 2020 was USD 31.0 billion.
Convenience to the user is the reason why pre-made bags are preferred, having been readily prepared for use without involving any on-site bag making. Indeed, their ability to be used with a wide range of products, including even liquids, lends them great versatility.
In turn, the growth of the pre-made bags market has been steady, owing to increasing demand for ready-to-use packaging solutions from industries such as food & beverage, pharmaceuticals, personal care, and retail. These offer functionality, ease of use, and cost-effectiveness-attributes that make them one of the favourable choices by both manufacturers and consumers.
Global Pre-made Bags Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 31.0 billion |
| Estimated Size, 2021 | USD 33.0 billion |
| Projected Size, 2031 | USD 61.7 billion |
| Value-based CAGR (2021 to 2031) | 6.5% |
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Pre-made bags are manufactured by experts in bag-making technology with the use of newer technology, new equipment, and most importantly by using flexible packaging material. These bags can be customized into various shapes, sizes, colours, and dimensions according to the customer’s needs. These bags are manufactured using the reliability feature which is of very high importance to the customer.
Once the bag is opened, the closure feature of the pre-made bag allows the customer to seal the bag again with the help of a zipper. Not only this feature prevents food spillage but also protects the product from external conditions like moisture, temperature, etc.
Being made from flexible packaging, these bags are very light in weight and volume and economical in cost. These bags also have a barrier system inside the packaging material which helps to safeguard the product by keeping the product fresh and protecting the aroma.
The paper pre-made bags with the window opening is used for holding and carrying all kinds of products like food, healthcare products, etc. Also, the paper pre-made bags with window opening is attractive in appearance and is also used to serve as a gifting purpose on various occasions and festivities.
Therefore, apart from just holding and carrying the products, the paper-made pre-made bags are also used as gifting bags owing to their visual appearance and physical properties.
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The pre-made bags use the packaging machine or the equipment which is better suited for providing flexibility, in terms of shapes, sizes, and colours with the huge and varied roll stock of inventory as compared to the traditional bags.
The pre-made bags offers a lower cost of entry with the latest technology and operations with a variety of styles of bags such as stand-up, gusseted bags, etc. which are readily not offered by the bags manufactured using FFS technology.
The manufacturing of the pre-made bags requires the machinery or equipment that can manufacture the bags with the different levels of customizations in sizes, shapes, and colours.
This can require a huge cost to incur owing to the latest technology used while manufacturing the pre-made bags. Therefore, the higher cost of the machinery can be a restraining or challenging factor for the new entrants in the market. Also, the procurement of sustainable raw materials such as paper may vary and can be challenging according to the season.
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The following global key players such as
Key Asian players manufacturing pre-made bags
The manufacturers involved in the manufacturing of pre-made bags are involved in investing capital in the new technology to expand the business on the global level. Also, the leading packaging distributor is involved in increasing the manufacturing capacity while boosting the demand for pre-made bags.
The use of advanced technology used in the manufacturing of pre-made bags not only has created significant opportunity for the shelf products like FMCG products, etc. but also they can be used in the packaging of the frozen foods as compared to the packaging boxes which allows easily sealing and opening of the bags.
The majority of the key players manufacturing pre-made bags have their presence in the UK which is the key factor driving the growth of the pre-made bags market.
Adding to this, also the changing technologies in the packaging industry by emphasizing research & development activities are acting as a boon towards the growth of the pre-made bags market. The increasing facilities for plastic recycling plants and sustainable product manufacturing are also the growth factor adding demand to the market.
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Pre-made Bags Market
