Published on : Aug 10, 2018
Albany, New York, August 10, 2018: With the growing advancement in packaging industry, the consumers across the world are now getting a perfect packaging for the food. Nowadays, gusseted bags are being used for packaging in many sectors, this, as a result leading to the new paths for growth of the market in the near future. Market Research Hub (MRH) has freshly publicized a study titled “Gusseted Bags Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026” to its online repository, which clearly states that the global market for gusseted bags is likely to see a slow-moving growth throughout the forecast period 2017-2026.
Gusseted bags are being largely used by food processing companies especially for dry food products. It has been analyzed that one of the protruding factors driving the use of gusseted bags in packaging is it offers convenience in handling. Apart from that, retaining the freshness of the product for a long period of time and leading to the less product damage are some of the factors resulting in the growth of gusseted bags. As per the research evaluations, the global market for gusseted bags is also estimated to bring in US$ 26,008.8 million revenue by 2026 end. The manufacturers of gusseted bags across the globe are also using recyclable raw materials for producing gusseted bags. Also, a major fact stated in the study is that handle gusseted bags are gaining popularity due to its low cost and are easy to use.
For a clear understanding of the market, geographical analysis has been presented in the study. The regional analysis section is a crucial segment of the report, which enlightens the reader about the market size and forecast for each region. Regions underlined in the study are North America, Japan, Europe, Asia Pacific excluding Japan, Latin America, and Middle East & Africa. By the end of 2026, APEJ region is likely to surpass US$ 10,500 million revenue. This is mainly because of increasing population and use of gusseted bags in packaging.
Moreover, the market has been studied on the basis of thickness, application, material type, and bag type. Based on the bag type, the market is segmented into side gusseted and bottom gusseted. Application-wise segmentation include coffee & tea packaging, bakery product packaging, other unprocessed F&B packaging, dry processed F&B packaging, wet processed F&B packaging, pet food packaging, consumer good packaging etc. The materials used in the manufacturing of gusseted bags are paper, polyethylene, biodegradable plastics, nylon, polypropylene and metal foil. In the coming years, polyethylene is likely to be one of the largest used material in producing gusseted bags. These bags are very much safe and hygienic in nature, thereby constitute maximum revenue.
The final section of the report encloses details about global gusseted bags market’s competitive landscape. Key players mentioned in the study include United States Plastics Corp, International Plastic, Maco PKG, Columbia Burlap & Bag Company, Pacific Bag Inc., Altapac, Poly Pak Plastics, TekPak Solutions, PBFY Flexible Packaging, ELKAY Plastics, Associated Bags, Clear View Bag Company, and American Plastics Company.
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