The wicketless bag market holds a valuation of USD 781 Million in 2022. It is expected to market at a CAGR of 4% from 2022 to 2032. It is expected to hold a value of 1156.13 by 2032. Wicketless bags consume less space which is a great alternative to rigid boxes. This tends to show an increase in the overall demand for wicketless bags.
The rise in the population has a direct effect on wicketless bags, as it is mainly used for storing food and agricultural products. Wicketless bags can be environmentally friendly as they can be reused and can be made of biodegradable materials in order to achieve sustainable development. The easy availability of resins has boosted the growth of this market; however, the use of resins can be harmful to the environment as well as the human body.
The global wicketless bags market is segmented into material type, capacity type, and end-use industry. On the basis of material type, the global wicketless bags is segmented into plastic and paper. Further, plastic is segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others.
The use of paper should be considered as the government has also imposed certain rules over the use of plastic. Also, as stated above, it will help in achieving sustainable development. However, for storing heavy products, wicketless bags made of plastics are preferred.
Various capacities of wicketless bags can be used, starting from 1 kg to 20kg or more, depending upon the product type and quantity.
Countries like India that are argo-based create a strong market for wicketless bags. Hence the producers should focus more on these types of places. Major players in the market usually make their bags in a way that can block the air and keep the products fresh. Also, flat-bottom bags are made so that they can be placed on shelves without any hassle.
| Attributes | Details |
|---|---|
| Wicketless Bag Market (CAGR) | 4% |
| Wicketless Bag Market (2022) | USD 781 Million |
| Wicketless Bag Market (2032) | USD 1156.13 |
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Innovation and technological development in packaging material and equipment has created game-changing opportunities and increasing application use of packaging across numerous industries.
Consumer’s choice of packaging product has seen a paradigm shift from paper to plastic materials as it offers increased flexibility and long-haul durability of the product. Also, increasing growth in organized retail store format have observed a shift toward poly bags market and in particular wicketless bags.
Traditionally, paper material was the primary choice of raw material in wicketless bags across countries of Germany, India, Indonesia, etc. But wicketless bags with the feature of the zipper closure, serrated lip, punched vent holes and hang holes is proven to be an alternative replacement of rigid boxes. Wicketless bags are designed with the intention of storing and transporting agricultural and food products.
Manufacturers of wicketless bags from countries of China, India are predominantly demanding poly bags to fit in their packaging requirement. Overall, the demand for wicketless bags is anticipated to boost during the forecast period, with the region of Europe expected to showcase a surging CAGR during the projected period.
Conventionally, wicket bags were dominantly used across the poly bags market, but with increasing use of bulk application products in the food industry it has translated into a high demand for wicketless bags. Also, easy availability of resins has fuelled a high demand for the manufacturers to produce plastic wicketless bags at a comparatively cheaper cost.
On the flip side, high regulatory pressure from European and North America legislative bodies on the use of the poly material is creating a backlash on the manufacturer of wicketless bags. Moreover, countries such as Rwanda have banned the use poly bags which is quite a lucrative market for wicketless bags.
Such factors are affecting the revenue margin of domestic distributor and manufacturers of wicketless bags. Overall the market of wicketless bags is expected to showcase a lucrative growth opportunity during the forecast period.
Global wicketless bags market is segmented into material type, capacity type, and end use industry. On the basis of material type, the global wicketless bags is segmented into plastic and paper. Further, plastic is segmented into polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), polystyrene (PS), and others.
On the basis of capacity type, the global wicketless bags market is segmented into less than 5 kg capacity, 5.1 to 8 kg capacity, 8.1 to 12 kg capacity, more than 12.1 kg capacity.
On the basis of end use industry, the global wicketless bags market is segmented into food and beverage, cosmetic and personal care, industrial products, automobile, pharmaceutical and others.
The global wicketless bags market is predominantly demanded in the regions of APEJ and MEA market. Countries such as China, India, South Africa are among the key markets who are demand wicketless bags.
The increasing demand for poly bags across APEJ market is correlating a high consumption pattern across the APEJ region. Regions of Europe and North America are showcasing an increasing growth of wicketless bags due to increasing consumption of grocery and food items.
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Some of the key players operating in the global wicketless bags market include Emerald Packaging, Destiny Packaging Inc., Alpha Poly Corporation.
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 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.
The market is likely to register a CAGR of 4% through 2032.
The market is currently valued at USD 781 Million in 2022.
The market is likely to grow to a valuation of USD 1156.13 Million by 2032.
Asia Pacific is likely to be a leading market during the forecast period.
| Market Size (2023) | USD 1,899.3 million |
|---|---|
| Market Projected Size (2033) | USD 2,911.7 million |
| Market Value-based CAGR (2023 to 2033) | 4.4% |
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Wicketless Bags Market
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