Introduction
Wicketed Bags are bags on a metal wicket that acts as a dispenser that are stacked and kept together. They are one of the most common flexible packaging. Different products such as frozen foods, fresh foods, pet foods, and other can be stored in wicketed bags.
They are usually made of material polyethylene, polyester, cast polypropylene, polyamide and other. These bags are widely used in different application such as food, personal care & cosmetics products, commercial goods and other.
The major driving factors of the market include growing demand for convenience food items and innovative packaging solutions with its properties. However, stringent government rules and regulations regarding the raw material used for wicketed bags and rising environmental concerns about global warming are expected to challenge the growth.
Table of Contents
Market Overview
The global wicketed bags market is expected to grow to $982.40 million by 2025
Growth momentum is expected to accelerate during the forecast period with a 4.72% CAGR.
Rising demand for flexible packaging over rigid and aesthetic dispensing of the food items via transparent packaging is projected to drive the market.
North America is a prominent regional market owing to its wide applicability and high production of wicketed bags.
Key Trends
Increasing the use of eco-friendly packaging material is anticipated to drive the market growth.
The growing awareness regarding environmental conservation and sustainable living is expected to drive the market growth
Innovations and advancements of packaging technologies such as automated robotic bag, antistatic systems are expected to have a positive impact on the growth of the market
Key Market Players
Some of the key players in the market are Berry Global Group, Bischof + Klein, Mondi, Supreme Plastics Group, PAC Worldwide, Sonoco Products.
The global wicketed bags market is highly fragmented in nature. The large portion of market share is held by domestic and local market players. Also, companies in the market are continuously involved in increasing their market presence by introducing new products, expanding their operations, or by entering into strategic mergers and acquisitions.
Growth Drivers and Challenges
Increasing consumption of convenience and processed food products is fuelling the market growth.
Requirement of better packaging methods and solutions to enhance the product shelf life and safety is another factor driving the market growth
Sustainability offered by flexible packaging is driving the wicketed bags market growth.
Stringent government rules and regulations regarding the raw material used for non-biodegradable wicked bags is significantly hindering the market growth.
High cost of the wicketed bags will hamper the market growth
Recycling of plastic bags is one of the major challenges for manufacturers and users in this market