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Anti-corrosion Bags Market

Market Insights on Anti-corrosion Bags covering sales outlook, demand forecast & up-to-date key trends

Anti-corrosion Bags Market By Layer Type (Mono-layer, Multi-layer), Product (Flat Bags, Gusseted Bags, Zipper Bags), End use (Electronics & Electrical, Building & Construction, Automotive, Pharmaceuticals & Medical Devices, Households) & Region - Forecast 2022-2032

Global Anti-corrosion Bags Market Overview

The global anti-corrosion bags market size is set to reach US$ 13.8 Billion in 2022 and US$ 16.3 Billion in 2032. It is expected to showcase robust growth at a CAGR of 7.1% in the forecast period from 2022 to 2032. The urgent need to protect metallic products from corrosion or rust in the military and aeronautics industries is anticipated to spur the demand for anti-corrosion bags in the forthcoming years.

Report Attribute

Details

Anti-corrosion Bags Market Estimated Base Year Value (2021)

US$ 12.5 Billion

Anti-corrosion Bags Market Expected Market Value (2022)

US$ 13.8 Billion

Anti-corrosion Bags Market Anticipated Forecast Value (2032)

US$ 16.3 Billion

Anti-corrosion Bags Market Projected Growth Rate (2022-2032)

7.1% CAGR

Anti-corrosion bags offer effective and long lasting protection against corrosion. These are very effective for most of the materials, such as lead, magnesium, zinc, cadmium, and other alloys. Hence, these are gaining immense popularity across the globe for the protection of the metal surface from rust.

The easy availability of these bags in different shapes and sizes is another crucial factor that is projected to drive their demand in the future years. These have high mechanical strength and can provide excellent weather resistance.

Unlike the normal packaging solutions, anti-corrosion bags do not react with external elements in case of harsh weather conditions. The increasing focus of leading manufacturers on improving the packaging quality is set to augur well for the global market.

Which are Some Prominent Drivers Spearheading Anti-corrosion Bags Market Growth?

The increasing usage of numerous materials, such as volatile corrosion inhibitors and vapor corrosion inhibitors to prevent the products from oxidation and corrosion is likely to bode well for the global anti-corrosion bags market growth in the near future. These bags are mainly coated with durable materials, which are capable of protecting the surface.

 The increasing production of steel across the globe is expected to propel the market. Anti-corrosive packaging is mainly designed by renowned manufacturers to address various challenges associated with the long term protection of metal products to keep them corrosion free.

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What are the Challenges Faced by the Anti-corrosion Bags Industry?

Anti-corrosion bags often become ineffective when they come in direct contact with the sunlight. The rising temperature can also decompose the vapor present in these bags. This is a major factor that may hamper the sales of anti-corrosion bags in the evaluation period. Besides, volatility in the prices of raw material can obstruct the demand for these bags. Many start-up companies may also find it difficult to use these products with their rising prices. These companies are expected to prefer relatively low cost alternatives to anti-corrosion bags.

Why is Europe Emerging as an Opportunistic Anti-corrosion Bags Market?

Europe is anticipated to remain at the forefront in the assessment period by generating the largest anti-corrosion bags market share. This growth is attributable to the presence of numerous well-established industries, such as food and beverages, building and construction, and automotive in the region.

As per the European Commission (EU), the region is considered to be the biggest producer of motor vehicles in the world. Its automotive sector provides indirect and direct jobs to nearly 13.8 million Europeans, which represents around 6.1% of the total employment in the EU. This trend is likely to continue throughout the forthcoming years, thereby propelling the market across Europe.

Ismail Sutaria
Principal Consultant
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How is North America Contributing to Growth of the Anti-corrosion Bags Market?

The increasing usage of anti-corrosion bags for the transportation of medical devices, especially in the U.S. is estimated to augment the North America market. The government of this country is also taking several initiatives to compel manufacturers to use advanced packaging materials.

According to SelectUSA, the U.S. is considered to be one of the world’s most supportive domestic environments for the commercialization and development of pharmaceuticals with minimum barriers. Many firms in this country conduct research and development activities worth US$ 75 billion in pharmaceuticals alone. These factors are projected to augur well for the North America anti-corrosion bags market size in future.

Market Competition

Some of the prominent anti-corrosion bags manufacturers operating in the global market are Gulmohar Pack-Tech India Pvt. Ltd., Northern Technologies International Corporation (NTIC), Smurfit Kappa, H L Saw Mill, NEFAB Group, Acme Packaging, Modi Polyfab Pvt Ltd., Pontus Pack Private Limited, Metpro Group, Suprabha, AGM Container Controls, Inc., Benz Packaging, Cortec Corporation, Daubert Cromwell, Inc., Safepack Industries Ltd., Intertape Polymer Group, Sealed Air, Rose Plastic AG, and EMBALEX, S.L.U. among others.

Majority of the key players present in the global market are increasingly focusing on offering protective packaging solutions to consumers and retailers worldwide. They are mainly targeting industries, such as metallic instruments, automotive components, and machinery to offer their in-house products. Meanwhile, a few other companies are aiming to engage in joint venture programs, as well as expanding their existing portfolios to compete in this market.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 7.1% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Layer Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Gulmohar Pack-Tech India Pvt. Ltd.
  • Northern Technologies International Corporation (NTIC)
  • Smurfit Kappa
  • H L Saw Mill
  • NEFAB Group
  • Acme Packaging
  • Modi Polyfab Pvt Ltd.
  • Pontus Pack Private Limited
  • Metpro Group
  • Suprabha
  • AGM Container Controls, Inc.
  • Benz Packaging
  • Cortec Corporation
  • Daubert Cromwell, Inc.
  • Safepack Industries Ltd.
  • Intertape Polymer Group
  • Sealed Air
  • Rose Plastic AG
  • EMBALEX, S.L.U.

Customization

Available Upon Request

Key Segments Profiled in the Anti-corrosion Bags Industry Survey

By Product Type:

  • Zipper Bags
  • Flat Bags
  • Gusseted Bags
  • Other Customized Bags

By Layer Type:

  • Mono-layer
  • Multi-layer

By Application:

  • Households
  • Building and Construction
  • Consumer Goods
  • Electronics and Electrical
  • Automotive
  • Pharmaceuticals and Medical Devices

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

The global anti-corrosion bags market is estimated to surpass US$ 16.3 Billion by 2032.

Europe is expected to dominate the anti-corrosion bags market in the upcoming years.

Gulmohar Pack-Tech India Pvt. Ltd., Northern Technologies International Corporation (NTIC), Smurfit Kappa, H L Saw Mill, NEFAB Group, and Acme Packaging are some of the leading manufacturers of anti-corrosion bags.

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Ismail Sutaria
Principal Consultant
LinkedIn
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Anti-corrosion Bags Market