Side Gusset/Quad Seal Bag Market Outlook
The global side gusset/quad seal bag market is projected to have a moderate-paced CAGR of 4% during the forecast period. The current valuation of the market is US$ 1,149.79 Million in 2022. The market value of the side gusset/quad seal bag market is anticipated to reach a high of US$ 1,701.97 Million by the year 2032.
Side Gusset/Quad Seal Bag Market Value (2022)
US$ 1,149.79 Million
Side Gusset/Quad Seal Bag Market Anticipated Value (2032)
US$ 1,701.97 Million
Side Gusset/Quad Seal Bag Projected Growth Rate (2022-2032)
The side gusset/quad seal bag market is anticipated to gain wide traction in the upcoming years with a market expansion at a moderate pace through 2032. An unprecedented surge in demand for side gusset/quad seal bags is witnessed owing to the importance of hygiene. Rising government initiatives for improved waste management and growing awareness associated with the side gusset/quad seal bag will influence the growth of the market.
Growing demand from various end-use industries is triggering the manufacturers of the side gusset/quad seal bag market to indulge themselves in various research and development activities to innovate the product and increase their footprint in the global market.
The market players are identified to enter into strategic collaborations, which is likely to create beneficial opportunities for the side gusset/quad seal bag market. There is an increase in the level of investment, coupled with the growing e-commerce sector and emerging new markets that are creating lucrative growth opportunities for the key players and making an allowance for their proliferation during the forecast period.
The key market players are innovating the products in several ways. They are modifying the product with an expanded gusset on both sides as it increases the storage volume, more premium paper-like touching, standing out of the shelf with the implication of a glossy surface, and sealed edges to improve pouch stiffness and standability.
Some of the key steps being followed by the manufacturers in the side gusset/quad seal bag market are:
- Reduction of material thickness
- Replacement of foil with a clear barrier
- Usage of 200% compostable materials
The manufacturers of the side gusset/quad seal bag are extending their efforts toward producing bags that are used in diverse industry verticals. They are taking new market initiatives to improve their global presence, production sites, and facilities.
Constant efforts are made toward improving production capacities, along with new product launches and focus on product specifications like width and breadth. Therefore, it is anticipated that the side gusset/quad seal bag market is likely to have a significant expansion, owing to the rigorous initiatives by the key players of the forum.
Side Gusset/Quad Seal Bag Market Overview
Side gusset/quad seal bag is a multilayer bag with 3 layers, the outer layer (PET or MET PET), the barrier layer ( AL or VMPET) and the inner layer (LLDPE), which is easily peeled off and these bags are majorly being used for specialty commodities such as coffee.
They have two long panels for product branding and have gained popularity in recent years among the consumers. These four sided sealed bags offer various customization options as per market requirements. Gusset bags have dimensional stability which allows the bag to have a better shape on the shelf.
The market is overloaded by various kinds of bags and this versatile and flexible side gusset/quad seal bag present itself as a new and better option for its customers. Increasing demand of these bags have created a market for itself in many emerging regions.
Side Gusset/Quad Seal Bag Market- Market Dynamics
The key factor of side gusset/quad seal bag is the additional depth and capacity that this bag creates as the bag forms a block bottom when a product is loaded. The bag ensures greater strength due to the four sided seal, thus allowing the storage of even heavier products.
With the absence of back seal, the bag provide an additional flexibility in valve placement and label applications. Gusset bags have an intrinsic barrier which avoids the diffusion of UV light, moisture and oxygen and thereby, also entrapping the aroma of products inside in case of coffee and tea packaging.
The manufacturers preferably choose these bags as it provide ample space for product description and brand signature. Self- standing side gusset/quad seal bag appeal to the customers being shelf friendly. The side gusset/quad seal bag has an additional advantage of high barrier lamination films which provide the product the required protection and a prolonged shelf life.
However, the higher production cost of the bag is the major barrier in the growth of side gusset/quad seal bag market. The various accessory options made available to the customers are the trending features of the side gusset/quad seal bag.
Side Gusset/Quad Seal Bag Market- Market Segmentation
Side gusset/quad seal bag market is segmented on the basis of material type, application and accessory options. On the basis of material type, the side gusset/quad seal bag market is segmented into plastic films (LLDPE, PE, BOPP and PVC) and aluminum.
Side gusset/quad seal bag has a wide range of size options which is customized according to the requirements of the customer. On the basis of application, the side gusset/quad seal bag market is segmented into fertilizers, coffee & tea, protein powder, dry fruits & nuts, chocolates, pet food and others.
Special commodity product packaging is often done utilizing these kinds of bags due to their various features as described. On the basis of accessory options, the side gusset/quad seal bag market is segmented into re-sealable zippers, euro slots, degassing valves, hanging holes, tear notches, oval windows and others.
Side Gusset/Quad Seal Bag Market- Regional Outlook
Geographically, the side gusset/quad seal bag market have many local and international manufacturers and is mainly segmented into five key regions namely, North America, Asia-Pacific, Europe, Latin America and Middle East and Africa.
North America being the major manufacturer of gusset bags act as the leading player in the side gusset/quad seal bag market followed by Europe and expected to witness a healthy growth over the forecast period. Asia-Pacific also contribute to the side gusset/quad seal bag market and being the growing market is anticipated to have a significant growth over the forecast period along with the emerging market of Middle East and Africa.
Side Gusset/Quad Seal Bag Market- Key Players
Key players operating in the side gusset/quad seal bag market are Tyler Packaging Limited, Foster Packaging Pty Ltd, Diamond Flexible Packaging Co., Pacific Bag, Inc., Swiss Pack Pvt Ltd, Cas-Pak Products Ltd, Atlapac Corporation, Pouch Direct Pty Ltd., PBFY Flexible Packaging, GMD Packaging Pty Ltd., Maer Flexibles Europe.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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)
- 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.