Gusseted Bags Market Expected to Expand at a Steady CAGR through 2027

Veröffentlicht von: Future Market Insights
Veröffentlicht am: 20.06.2017 13:54
Rubrik: Handel & Wirtschaft


Gusseted Bags Market
(Presseportal openBroadcast) - The global packaging market is evolving fast, from wooden canisters, to plastic containers, and now to gusseted bags. Packaging shields the product from any kind of damage, as well as enhances the general stylish appeal of the product, giving fundamental data about the product, restoring the freshness of the product, and provides the consumer with convenience in terms of carrying and storing the product. Gusseted bags fall under the category of flexible packaging and have an extended capacity for packaging various materials. Earlier, gusseted bags were only used for packaging tea and coffee but now, with the increase in the various food product portfolio, gusseted bags are employed in a vast number of industries. Gusseted bags ensure a longer shelf life of the product and the freshness is maintained for a larger period of time. Gusseted bags are easier to handle and occupy less space. A lot of technical advancements has led to the wide applicability of the gusseted bags in storing fertilizers, paints, and dry food segment. Global gusseted bags market has been growing significantly and is anticipated to experience steady growth over the forecast period.
Gusseted Bags: Market Dynamics
Gusseted bags are highly convenient to handle which is one of the prominent factor driving the growth of the global gusted bag market. Less product damage is expected with the use of gusseted bags. The extended space of the gusseted bags is utilized not only for storage but also aids in clarity of visuals that are imprinted on the bags. The lightweight and easy handling properties associated with gusseted bag is also expected to drive the market. The growth of the global gusseted bag market is also driven by the retail sector which requires gusseted bags for shipping purposes. High cost of the gusseted bags as compared to the traditional bags is impacting the growth of the global gusseted bags market. Utilization of gusseted bags across various verticals is expected to create an opportunity for the global gusseted bags market over the forecast period. The use of recyclable raw material for making gusseted bags is a key trend in the global gusseted bag market.
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Gusseted Bags: Market Segmentation
Global gusseted bags market is segmented on the basis of end use industry, material and closing type. On the basis of end use industry, gusseted bags market is segmented into food & beverage, pharmaceuticals, cosmetics & personal care, and others. On the basis of material, gusseted bags market is segmented into plastic, paper, and aluminum foil. Plastic is further segmented into LLDPE, PE, PPE and others. Plastic is the most common type of raw material used for making gusseted bags. On the basis of closing type, the global gusseted bags market is segmented into zippers, taping (tape bound), and tying.
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Gusseted Bags Market: Regional Outlook
Geographically, the global gusseted bags market is segmented into North America, Latin America, Asia Pacific (APAC), Europe and Middle East & Africa (MEA). 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 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.
Gusseted Bags Market: Key players
The global gusseted bags market is highly fragmented due to a large number of small and medium level manufacturers. Key players in the global gusseted bag market are Amcor Limited (Austrailia), Bischof + Klein SE & Co. KG  (Germany), Bemis Company Inc. (U.S), Smurfit Kappa Group (Europe), Mondi Group plc (South Africa).
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