Forecasts place the value of the worldwide lay flat bags market at US$ 54.04 billion by 2032, up from an estimated US$ 24.8 billion in 2022. The demand for lay flat bags is driven by the rising demand for packaged food and beverages, which in turn is driven by increased health consciousness and rising per capita income.
Attribute
Details
Lay Flat Bags Market Estimated Size (2022)
US$ 24.8 Bn
Lay Flat Bags Market Projected Size (2032)
US$ 54.04 Bn
Lay Flat Bags Market Value-based CAGR (2022-2032)
4.7%
As we move towards sustainability, lay flat bags manufacturers are focused on developing technologies and changing their strategies. In the coming decade, companies are expected to explore and adapt new technologies to combat the changing global landscape:
The packaging business is one that stands to benefit from blockchain technology. Technology based on a distributed digital ledger is expected to streamline the lay flat bags sector by doing away with shipping, paperwork, and ineffective and wasteful procedures.
Blockchain has the potential to instill confidence in the customer packaging business by improving tracking, security, counterfeit prevention, and efficiency. For instance, UPS has put money into blockchain-based intelligent logistics, and ShipChain is poised to completely transform the logistics industry.
Artificial intelligence and machine automation are expected to also maintain their pivotal roles. Rapid packaging and shipping of custom orders will soon be expected by customers. Predictive maintenance, collaborative robots (cobots), and Internet of Things (IoT) standardization are just a few of the technology advancements that will be essential to meeting the needs of these customers.
The implementation of intelligent warehouse management systems is a vital step towards changing the future lay flat bags market outlook. Currently, Alibaba uses smart warehousing, and its automated robots can move 500 kg of items and coordinate package placements. Warehouses are easier to control, and packaging processes can be optimized with the help of a partially or fully automated packaging line and collaborating robots.
3D printing has the potential to expand the reach of print-to-order manufacturing, according to industry experts. In terms of prototyping packaging, 3D printing allows for greater adaptability, efficiency, and decreased costs. With improvements in quality, speed, and materials, 3D printing is expected to have a greater impact on the lay flat bags sector in the future years.
By using large-scale printing for packaging in conjunction with robotic process automation, cognitive computing, or Internet of Things connectivity, lay flat bags companies may create more efficient and less cluttered living and working environments.
As brand owners rethink their product launches for the future normal, packaging firms may capitalize on this transition by creating value and expanding their lay flat bags market share.
To achieve success, one must adopt an innovative mentality and make sound strategic decisions considering shifting megatrends. Companies that take the initiative to monitor and respond to market changes will be better positioned to become valued advisors to their clientele.
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Lay Flat Bags Market Overview
Lay Flat Bags are made of thin, flexible, plastic film or plastic textile for containing and storing goods such as food, chemicals, etc., and allow high volume of content. Lay Flat Bags are among the most commonly used plastic bags because they provide excellent protection for everyday use at a great price.
They are one of the easiest and most affordable ways to package any product. Lay Flat Bags offer a unique opportunity to reduce packaging weight, and product to packaging weight ratio while separating from traditional rigid alternatives like glass jars and metal cans regarding on-the-shelf appearance and consumer convenience.
The premade pouch packaging of Lay Flat Bags can be efficiently filled and closed utilizing the system of premade spouted pouches, caps and filling lines. Other features offered by Lay Flat Bags are; an easy-to-open flip-cap, a built-in tamper-evident pull ring, and an anti-spill and valve that dispenses contents on being squeezed.
The customizable valves provide clean product cutoff as well as controlled drip-free dispensing and offer maximum functionality for the consumer. In the coming years, market for Lay Flat Bags is expected to grow considerably, across the globe.
Market Dynamics
One of the major factors driving the market for Lay Flat Bags is the increasing demand from food manufacturers, such as meeting the FDA and USDA specifications for food contact and are made from low-density polyethene. These modifications are in high demand in the market since the consumer is more driven towards quick and safe intake of food ingredients, which ultimately aids in driving the Lay Flat Bags market.
For instance, the growing frozen food demand due to ease of storage indirectly drives the global Lay Flat Bags market. The Lay Flat Bags are regarded as safe by authorities, which has a positive impact on the sale of Lay Flat Bags.
The various factors that can restrain the market of Lay Flat Bags are, their make from plastic and decomposition time (which is centuries). Use of plastic bags is legislated by authorities, which also impacts the market for lay flat bags.
The global Lay Flat Bags market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). Globally, the food industry is performing in an evolving manner where food manufacturers and suppliers are developing and working closely to meets the variety of demands from consumers.
The Lay Flat Bags market in North America is in its growing phase. With the increasing disposable income and consumerism, Asia Pacific and the Middle East region stand ahead regarding the demand for vacuum thermoformed trays.
As a result Lay Flat Bags market will witness a significant rise in CAGR through the forecasted period through our forecasted period. The APEJ Lay Flat Bags market is expected to grow at significant CAGR during the forecast period, due to the growing end-use industry such as pharmaceutical food and personal care.
Europe and North America will also witness a steady but slower growth through the forecasted period. The consumer's trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats.
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Key Players
The prominent players in the Lay Flat Bags market are:
Boxes 4 U
Layflat Plastic Bags
Trampak
Poly Pak Plastics
Zee Green Bags
Atlantic Poly Inc
Four Star Plastics
US Poly Pack
General Plastic Extrusions, Inc.
Brentwood Plastics
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 categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
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.
Market Segmentation
The retailers’ now-a-days keeps first-hand knowledge on purchase habits of the consumers which they transmit to the manufacturers in the supply chain. This information that is generated is transferred from producer to manufacturer which causes the demand for Lay Flat Bags since it is a packaging material for manufactures.
Thus, the Lay Flat Bags manufacturer has to plan their business through consumer feedback and responses, the change in the eating habits and penetration of modernizing food products such as fast food, demand for technology, etc.
On the basis of end-use industry, Lay Flat Bags can be segmented as follows:-
Pharmaceuticals
Paint
Food
Frozen
Confectionary
Canned Foods
Personal Care
On the basis of specifications, Lay Flat Bags market can be segmented as follows:-
Transparency
High-barriers
Easy-spouts
Re-closable zippers
On the basis of geographies, Lay Flat Bags market is segmented across 7 key regions:
