Newly released data from pre-made bags market analysis shows that global demand of the overall pre-made bags market is forecasted to expand at a value compound annual growth rate (CAGR) of ~5.5% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the pre-made bags market is projected to witness a prominent sales growth rate by 2031, owing to the increasing trend of showcasing more customization, ease & convenience, and rising consumer’s choice for versatile display of products.
Global Pre-made Bags Market: Market Outlook
Pre-made bags are manufactured by experts in bag-making technology with the use of newer technology, new equipment, and most importantly by using flexible packaging material. These bags can be customized into various shapes, sizes, colours, and dimensions according to the customer’s needs. These bags are manufactured using the reliability feature which is of very high importance to the customer.
Once the bag is opened, the closure feature of the pre-made bag allows the customer to seal the bag again with the help of a zipper. Not only this feature prevents food spillage but also protects the product from external conditions like moisture, temperature, etc.
Being made from flexible packaging, these bags are very light in weight and volume and economical in cost. These bags also have a barrier system inside the packaging material which helps to safeguard the product by keeping the product fresh and protecting the aroma.
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What are the Key Trends Impacting Growth of the Pre-made Bags Market?
The paper pre-made bags with the window opening is used for holding and carrying all kinds of products like food, healthcare products, etc. Also, the paper pre-made bags with window opening is attractive in appearance and is also used to serve as a gifting purpose on various occasions and festivities.
Therefore, apart from just holding and carrying the products, the paper-made pre-made bags are also used as gifting bags owing to their visual appearance and physical properties.
How the Demand for Pre-made Bags Increasing as compared to the Bags is manufactured using Form-Fill-Seal (FFS) technology?
The pre-made bags use the packaging machine or the equipment which is better suited for providing flexibility, in terms of shapes, sizes, and colors with the huge and varied roll stock of inventory as compared to the traditional bags.
The pre-made bags offers a lower cost of entry with the latest technology and operations with a variety of styles of bags such as stand-up, gusseted bags, etc. which are readily not offered by the bags manufactured using FFS technology.
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What are the Key Challenges that may restrain the Growth of the Pre-made Bags Market?
The manufacturing of the pre-made bags requires the machinery or equipment that can manufacture the bags with the different levels of customizations in sizes, shapes, and colors.
This can require a huge cost to incur owing to the latest technology used while manufacturing the pre-made bags. Therefore, the higher cost of the machinery can be a restraining or challenging factor for the new entrants in the market. Also, the procurement of sustainable raw materials such as paper may vary and can be challenging according to the season.
Competitive Landscape
The following global key players such as
Sonoco Products Company
Mondi Group Plc.
Amcor Plc
ProAmpac LLC
Glenroy Inc.
Sealed Air Corporation
C-P Flexible Packaging & Clifton Packaging Group Ltd.
Key Asian players manufacturing pre-made bags are
Parikh Packaging Private Ltd.
WRAPEX
Asiapak Pte Ltd.
UFlex Ltd.
Shiva Plastics.
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What strategies are the Key Players adopting for Increasing their Market Share in the Pre-made Bags Market?
The manufacturers involved in the manufacturing of pre-made bags are involved in investing capital in the new technology to expand the business on the global level. Also, the leading packaging distributor is involved in increasing the manufacturing capacity while boosting the demand for pre-made bags.
In May 2021, one of the top US-based company, C-P Flexible Packaging invested a million dollars in the technology to expand the manufacturing capabilities for pre-made polyethylene (PE) bags.
In March 2018, one of the worldwide supplier of the flexible packaging, Elif, increased its manufacturing capacity of pre-made bags by 50% by making significant investments with the objective to provide advanced products with new features according to the variance in the customer needs.
What are the Key Opportunities in the Pre-made Bags Market?
The use of advanced technology used in the manufacturing of pre-made bags not only has created significant opportunity for the shelf products like FMCG products, etc. but also they can be used in the packaging of the frozen foods as compared to the packaging boxes which allows easily sealing and opening of the bags.
Why is the U.K. a Big Market for Pre-made Bags Market?
The majority of the key players manufacturing pre-made bags have their presence in the U.K. which is the key factor driving the growth of the pre-made bags market.
Adding to this, also the changing technologies in the packaging industry by emphasizing research & development activities are acting as a boon towards the growth of the pre-made bags market. The increasing facilities for plastic recycling plants and sustainable product manufacturing are also the growth factor adding demand to the market.
How has the COVID-19 Pandemic impacted the Pre-made Bags Market?
The COVID-19 pandemic has negatively affected the pre-made bags owing to the coronavirus pandemic wherein the businesses apart from the pharma industry faced a slowdown in operations and manufacturing activities.
Also, the transportation and supply chain management activities were disturbed due to the rules and regulations imposed by the government and regulatory bodies. Uplifting of the rules while improving in the pandemic situation is expected to uplift the pre-made bags market in the coming days.
Key Segments of Pre-made Bags Market Covered in the Report
