Gusseted Bags Market

Gusseted Bags Market: APEJ to Remain Dominant: Global Industry Analysis 2012 - 2016 & Opportunity Assessment 2017 - 2026

  • 2018-01-24
  • REP-GB-4003
  • 170 pages
  • PDF PPT EXCEL
 Gusseted Bags Market

An Incisive, In-depth Analysis on the Gusseted Bags Market

This study offers a comprehensive, 360 degree analysis on the Gusseted Bags market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gusseted Bags market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The packaging market has evolved on a faster phase from wooden containers and plastic containers to gusseted bags. Gusseted bags are being largely used by food processing companies to package various food products, especially dry food products. One of the prominent factors driving the use of gusseted bags in packaging is it offers convenience in handling. Retaining the freshness of the product for a long period of time and leading to the less product damage are some of the other factors resulting in the growth of gusseted bags. Gusseted bags are being used for packaging in various sectors, this is thus leading to the new avenues for growth of the market in the near future.

Companies producing gusseted bags are increasingly focusing on using eco-friendly raw materials while developing gusseted bags. The trend of using eco-friendly material is also rising as the governments in various countries are introducing stringent regulations on protecting the environment. Also, some of the countries have already imposed a ban on the use of plastic bags. However, the high cost of gusseted bags as compared to the traditional bags is likely to hamper the growth of the global gusseted bags market.

As per the new report by Future Market Insights (FMI), the global market for gusseted bags is likely to see a sluggish growth throughout the forecast period 2017-2026. The global market for gusseted bags is also estimated to bring in US$ 26,008.8 million revenue by 2026 end.

Side Gusseted Bags to Witness the Highest Growth through 2026

Compared to the bottom gusted bags, side gusseted bags are likely to witness strong growth between 2017 and 2026. By 2026 end, side gusseted bags are estimated to surpass US$ 19,000 million revenue. Side gusseted bags have a flat bottom that allows these bags to expand, resulting in the more space. This results in holding more quantity of product in small package size this leads to less wastage. Moreover, side gusseted bags can also hold various product types like products with sharp edges.

Polyethylene to Emerge as the Highly Preferred Material for Gusseted Bags

Among various material types, polyethylene is likely to be one of the largest used material in producing gusseted bags. Polyethylene is estimated to bring in close to US$ 6,300 million revenue towards 2026 end. Food packaging industry is using polyethylene gusseted bags on a large scale. Manufacturers are focusing on providing high-quality polyethylene gusseted bags with the additional fabric of polyethylene that helps in expanding the capacity of gusseted bags. These bags are also safe and hygienic in nature.

Gusseted Bags to Find Large Application in Dry Processed F&B Packaging

Gusseted bags are likely to find the largest application in dry processed F&B packaging between 2017 and 2026. Dry processed F&B packaging is estimated to surpass US$ 5,000 million revenue by 2026 end. Ensuring freshness, quality and taste of the dry food and beverages products, gusseted bags are used on a large scale in packaging dry processed food and beverages. However, gusseted bags are also being used for packaging frozen food products as well as beauty products.

Gusseted Bags with 2-5 Mil Thickness to Gain Maximum Traction

2-5 Mil gusseted bags are likely to witness significant growth in the market. By 2026 end, gusseted bags with 2-5 Mil thickness are estimated to reach close to US$ 11,500 million revenue. 2-5 mil gusseted bags are considered ideal for packaging, shipping, and storage of various products. Manufacturers are also producing 2-5 mil gusseted bags with low density polyethylene to meet the Food and Drugs Administration (FDA) specifications.

Asia Pacific Excluding Japan (APEJ) to Lead the Global Market for Gusseted Bags

APEJ is likely to lead the global market for gusseted bags between 2017 and 2026. Meanwhile, the demand for gusseted bags is also likely to rise in North America. Increasing demand for portable and convenient packaging in the U.S. and Canada is driving the market growth in the region.

Competition Tracking

Key players in the global market for gusseted bags are United States Plastics Corp, Columbia Burlap & Bag Company, Altapac, Poly Pak Plastics, ELKAY Plastics, Associated Bags, Maco PKG, Clear View Bag Company, International Plastic, Pacific Bag Inc., PBFY Flexible Packaging, TekPak Solutions, and American Plastics Company.  

The latest report compiled by Future Market Insights (FMI) provides key insight, segment-wise analysis, and forecast on the global gusseted bags market. The report titled ‘Gusseted Bags Market: Global Industry Analysis 2012-2016 & Opportunity Assessment 2017-2026,’ also provides in-depth analysis on the factors playing an important role in the growth of the market. The objective of the report is to provide market dynamics including key trends, driving factors, opportunities for companies in the market, and challenges for both manufacturers and service providers. The gusseted bags market has been studied in detail and forecast on global and regional growth has also been provided including CAGR, year-on-year growth, revenue, market share, etc. The report also highlights key industry developments and technological advancements in the market.

The report includes an executive summary followed by the brief introduction of gusseted bags. The report also offers a 360-degree view of the market, along with the information on key industries and leading companies in the global gusseted bags market. The report also provides numbers based on the historical data as well as the forecast period. Both qualitative and quantitative data provided in the report is based on key parameters in the market.  

Market segmentation is also provided in the report. The global gusseted bags market is segmented on the basis of bag type, material type, application, thickness, and region. This segment-wise analysis also offers country-wise forecast based on major parameters in the global gusseted bags market.  

Market Taxonomy

Key trends in the report provide a clear picture how the market will perform in the coming years, latest developments, and new product launches. Along with the detailed description on the segments, the report also sheds light on the new technologies and techniques that are being used by various manufacturers. The report also provides detail on various factors that are anticipated to impact the market growth during the forecast period 2017-2026.

Region

Bag Type

Material Type

Application

Thickness

  • North America
  • Side Gusseted
  • Paper
  • Cofee & Tea Packaging
  •   < 2 Mil
  • Latin America

  • Bottom Gusseted

  • Polypropylene

  • Bakery Product Packaging

  •   2 - 5 Mil

  • Europe

 

  • Polyethylene

  • Other Unprocessed F&B Packaging

  •   > 5 Mil

  • Japan

 

  • Nylon

  • Dry Processed F&B Packaging

 

  • APEJ

 

  • Biodegradable Plastics

  • Wet Processed F&B Packaging

 

  • MEA

 

  • Metal Foil

  • Pet Food Packaging

 

 

 

 

  • Consumer Good Packaging

 

 

 

 

  • Other Industrial Applications

 

Research Methodology

Both microeconomic and macroeconomic factors were considered to provide a forecast on the market. The global gusseted bags market size has been analysed through primary and secondary research. Revenue of all the leading players in the market was benchmarked to determine the market size. Market attractiveness analysis, Porter’s five force analysis, and SWOT analysis are also done to give an idea on the current scenario in the market. The report provides profiles of the leading players in the market based on various parameters such as company and financial overview, product portfolio, and key developments. The report also includes various regulations impacting the growth of the market. Long-term and short-term strategies by the leading companies are also provided in the report.

The market is geographically segmented into Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Japan, North America, and the Middle East and Africa (MEA).

Gusseted Bags Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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