Wicketed Bags Market: Global Industry Analysis and Forecast (2022-2029)

Wicketed Bags Market was valued at US$ 876.54Mn. in 2021. Global Wicketed Bags Market size is estimated to grow at a CAGR of 4.22%.
Wicketed Bags Market Overview:
Wicketed bags are stacked plastic bags, which are held together on a thin metal bar (or wicket). It makes dispensing faster and easier. Wicketed bags feature a narrow lip with punched holes, which allow the wicket to pass through. Wicketed Bags are lined and held together on a metal wicket that serves as a dispenser. They are one of the most widely used flexible packaging materials. It helps to store a variety of items such as frozen meals, fresh foods, pet foods, and more. Polyethylene, polyester, cast polypropylene, polyamide, and other materials are often used. Food, personal care, and beauty products, industrial items, and other applications are all popular uses for these bags.

The most Wicketed bags also feature plastic or cardboard washers, which helps to secure the stacked bags to the wicket. The established players in the Wicketed bags market are expected to put pressure on the new entrance companies through lower pricing strategy, reducing costs, and providing new value propositions to the customers.To know about the Research Methodology :- Request Free Sample Report

The segments of the Wicketed Bags market are investigated in the report (Material Type, Packaging Type, Closure Type, Application, and Region). Market players and regions have given data (North India, South India, East India and West India). The Wicketed Bags market study gives a comprehensive overview of the present quick advancements in all industrial sectors. The essential data analysis for the historical era from 2017 to 2021 is presented using facts and figures, pictures, and presentations. The analysis looks at the market's drivers, constraints, prospects, and hurdles for Wicketed Bags. This MMR report contains investor suggestions based on a detailed study of the current competitive landscape in the Wicketed Bags industry sector.
Wicketed Bags Market Dynamics:
Rapid urbanization, penetration of organised retail, growth in FMCG, pharmaceutical and processed food industries are increasing the demand for the Wicketed bags. The new entrants are expected to enter a dynamic industry by building capacities and spending money on research and development. The use of bio-based products instead of toxic plastic in the manufacture of wicketed bags is providing new growth opportunities for the key players operating in the industry. Also, increasing regulatory legislation and environmental issues have opened new doors for wicketed bag manufacturers to pursue creativity.

Growth in the purchasing power of consumers, demand for processed food products, and presence of working women are expected to increase the demand for ready-to-eat convenience food, which is also drive the demand for wicketed bags. An increase in health-related awareness among the young and old age population and requirement for frozen fruits and vegetables and significant momentum among consumers for Healthy foods are some of the factors, which are expected to boost production of the wicketed bags in the near future.

Sustainability is a top priority, which drive the demand for Wicketed Bags

Sustainability is a top priority of consumers. They are preferring sustainable wicket bags that are 100% recyclable. Key players operating in the market are offering environmentally friendly packaging alternatives, which helps to reduce material usage by down gauging without compromising performance and with other sustainable options such as recycled content, bio-based content, compostable or biodegradable materials. Manufacturing wicket bags is a core competency for many companies. Key players are focusing on deployment of custom wicket or wicketed poly bags that meet any type of application requirement across a variety of markets like bread and bakery, fresh produce, frozen foods, personal care products and other industries. They are also economically viable flexible packaging solutions that minimize food and plastic waste.

Key players operating in the market have already released sustainable wicketed bags. The majority of the players are also doing extensive research and development to satisfy sustainability requirements. They are also focusing on the production of the Eco-friendly wicketed bags, which can meet the requirement with the FDA-certified virgin raw materials added with the Global Food Safety Initiative (GSFI) benchmarking and compliance with AQMD requirements. The wicketed bags are highly punctured and tear-resistant and have excellent food packaging durability. The benefits offered wicketed bags by are expected to drive up demand for wicketed bags among industry participants. Despite its high demand in the end user industries. The high cost of wicketed bags is expected to limit the market growth. The government state rules and conventions governing the use of plastics are also expected to hamper the growth rate of the market demand.
Wicketed Bags Market Segment Analysis:
The flexible packaging segment held the dominant position in 2021 the market during the forecast period. Flexible packaging is useful because of its cost-effectiveness, durability, and lightweight. Flexible packaging takes up less room for packing and storage on shelves. Wicketed bags add to a product's visual appeal and can help with product dispensing as well as providing sturdy packaging. As a result, there is a growing trend among product producers to use flexible packaging solutions in primary packaging rather than rigid packaging. Furthermore, wicketed bags are adaptable and can be manufactured to meet specific market needs. Stretch films are one of the most used packaging solutions in the retail and residential, institutional, and industrial sectors due to their flexibility in production. An increase in consumer preference for flexible packaging solutions over rigid packaging is boosting the demand for wicketed bags.

Wicketed bags are used for food and non-food packaging. The bags can be manufactured in many sizes with the different width and length. Many food packaging lines are equipped with automatic packing equipment. Many industrial packaging lines are equipped with workstations, which are designed to hold the wicket of bags and helps free to easily remove a bag from the wicket after the product is placed inside. Wicketed bags are normally priced in per thousand quantities. Sometimes we can see them priced as per requirement and customer prefers. The cost of wicketed bags range from US $7.00 per thousand bags to US $200.00/thousand bags. Wicketed bags are perfect solution for storing food items like produce, hamburger or hotdog buns, and both small and regular sized bread loaves. They’re ideal for a range of other applications like packaging product parts or hardware for shipment or storing miscellaneous supplies. Some of the Key players operating in the market are manufacturing top-notch wicket bags for frozen food with barriers, which can protect against oxidation and dehydration and helps to prevent food spoilage and freezer burn. They produce wicket bags in various formats and sizes with custom features like open/close zippers, vibrant HD graphics, tear notches and more.
Wicketed Bags Market Regional Insights:
Wicketed Bags have a high demand in Asia Pacific

Asia Pacific region held the more than 35% share in 2021 and is projected to continue its dominance during the forecast period. The demand for food and personal hygiene products in developing economies like India and China, have contributed to the growth of Asia Pacific wicketed bags market. The presence of high population base, growth in disposable income levels of the population, and substantial economic conditions are encouraging consumer to spend many products like ready-to-eat and others are some of the prominent factors behind the market growth. The presence of the players' distribution channel and access to raw material impacts the competition in the regional market. The booming food and beverage industries and high R&D investment in the pharmaceutical industry are expected to boost the adoption of the wicketed bags. An increase in consumer’s preference along with the green regulations from the FDA across the globe are promotes wicketed bags usages in the food industry. The one of the factors that ensured wicketed bags demand growth is the environmental protection trend. It also requires the usage of polyethylene to become limited, while promoting the consumption of biodegradable packaging like paper-based products.

A new capacity of wicketed bags have added to the market to address the supply-demand gap that is majorly contributed by increased/restarting production, investment in new machinery and acquisitions. The rapid changes in market conditions create new challenges for all market participants. The leading key players are demonstrating substantial changes in their strategies. The price volatility makes companies to ensure their operations are efficient and that they are able to compete successfully in any market conditions. The major international companies are investing heavily in the wicketed bags R&D activities and establishing new warehouses to enable the increasing demand. The preferences for a more sustainable carrier bag solution and single use plastic bag legislation to reduce or eliminate waste are expected to increase the demand for the wicketed bags.

The new entrance key players are expected to manage the challenges and build effective barriers to safeguard their competitive edge. Rapid urbanization, penetration of organised retail, growth in FMCG, pharmaceutical and processed food industries are increasing the demand for the wicketed bags. FMCG companies are responding by demanding more flexible plastic packaging products, which are expected to drive the demand for wicketed bags. Manufacturers are offering wicketed bags, which are mostly used for packing food products like ice, apples, potatoes, bread, and tortilla. The wicketed bags are effective solution for consumer requirements insist on automatic and semi-automatic packing. Currently, demand for convenient food products because of the busy lifestyles and hectic work schedules across developing and developed countries are expected to boost the production of the wicketed bags.

The objective of the report is to present a comprehensive analysis of the global Wicketed Bags Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Wicketed Bags Market dynamic, structure by analyzing the market segments and projecting the Wicketed Bags Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Wicketed Bags Market make the report investor’s guide.
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Global Wicketed Bags Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 876.54 Mn.


Forecast Period 2022 to 2029 CAGR:
4.22%
Market Size in 2029:
US $ 1220.05Mn.


 Segments Covered:
by Material Type
• Non-Biodegradable
o Polyethylene (PE)
o Polyvinylidene chloride (PVDC)
o Cast Polypropylene (CPP)
o Polyvinylchloride (PVC)
o Polyester (PET)
o Polyamide (PA)
• Biodegradable


by Packaging Type
• Flexible Packaging
• Semi-Rigid Packaging


by Closure Type
• Re-Closable Bags
• Non-Re-Closable Bags


by Application
• Retail & Consumer
• Food Industry
• Pharmaceuticals
• Personal Care & Cosmetic Products
• Industrial Goods
• Others



Wicketed Bags Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Wicketed Bags Market  Key Players are:
• Bischof + Klein
• Berry Global Group Inc.
• Supreme Plastics Group
• Mondi Plc
• Sonoco Products Company
• PAC Worldwide Corporation
• St. John Packaging
• LPS Industries, Inc.
• Uflex Ltd.
• Coveris Holdings S.A.
• OM FLEX
• International Plastics
• Maco PKG
• KG Marketing and Bags
• Richmond Plastics
• Rutan Poly Industries
• A-Pac Manufacturing
• Midwest Poly Pak
• WrapEx
• Sheel Pack
• Chun Yip Plastics

Frequently Asked Questions:

1] What segments are covered in the Wicketed Bags Market report?
Ans. The segments covered in the Wicketed Bags Market report are based on Material Type, Packaging Type, Closure Type, and Application.

2] Which region is expected to hold the highest share in the Wicketed Bags Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Wicketed Bags Market.

3] What is the market size of the Wicketed Bags Market by 2029?
Ans. The market size of the Wicketed Bags Market by 2029 is US$ 1220.05 Mn.

4] What is the forecast period for the Wicketed Bags Market?
Ans. The forecast period for the Wicketed Bags Market is 2021-2029.

5] What was the market size of the Wicketed Bags Market in 2021?
Ans. The market size of the Wicketed Bags Market in 2021 was US$ 876.54 Mn.