Single lip stands for a graphic description which comes out as a product bag with a zip or zipper formed closure. The single lip bags are also known as zip lock bags which are signalized by packaging bags with sealing mechanism for various applications in various industries (e.g. electrical & electronics, food, personal care etc.).
Single lip bags are mainly preferred for its convenient and easy packaging features which are supplied by manufacturers of these bags in various strength levels considering its operative requirements. Consumers and manufacturers are considering this single lip bags as one of the sustainable products in packaging industry due to its recyclability.
According to a study, on an average an American family uses 500 single lip bags per year. The growing popularity and shifting preference of consumers towards the zip lock bags for routinely use purpose are expected to accelerate the demand for the single lips bags market in future.
Single Lip Bags Market: Dynamics
The single lip bags are lightweight and these are easily available around. These bags are frugal, versatile and available in many size and shapes. Commonly these bags are purposeful for storing a variety of thing in a very convenient manner and sometimes high visibility accustomed by the single lip bags benefits the consumers to identify the inner content.
These are some of the key factors which are driving the growth for the market of single lip bags and it is anticipated that the demand for the single lip bags will grow at a higher range over the forecast period.
Primarily the single lip bags are made of different type of plastic materials. However, various government rules and regulations against plastic use which might create difficulties for the single lip bags market to grow.
Rising growth of food and beverage industry and other industries
Food & beverage industry is a consumer driven market and it is assured of a huge growth in future. The online food ordering business across the globe is in a developed stage and the various brands like Zomato, Swiggy and others are increasing their business potential though partnerships.
Apart from the food industry other industries like automotive industry (for keeping nut, screws, bolts), electrical and electronics etc. are also fuelling the growth for the single lip bags market.
Easy availability of raw Materials
The falling price of crude oil is influencing the availability of raw material needed for manufacturing single lip bags at a cheaper cost. The supply of single lip bags is primarily driven by inexhaustible availability of low-priced polymers and an established supply chain management network is working as the strong backbone of the plastic packaging industry which is creating opportunities for single lip bags market.
Single Lip Bags Market: COVID 19 Impact
The pandemic has resulted in an extensive health crisis, which is badly affecting the financial markets of countries and the end-use industries of single lip bags. This is anticipated to make an effect on the demand for single lip bags to depend upon several factors such as global spread and period of the pandemic, the arrangements done by governments worldwide in reply to the pandemic, and the harshness of the disease.
Single Lip Bags Market: Regional Outlook
North America, followed by Europe is expected to lead the single lip bags market owing to its broad range of usage in day to day household purpose. Asia Pacific region is likely to show a decent growth rate because of the largest number of online food business and rapid growth of pharmaceutical industry owing to the huge population of developing countries like China and India.
It is apprehended that the Middle East & Africa market will show a good growth rate over the forecast period due to the availability of crude oil at low price.
Single Lip Bags Market: Key Players
- Rutan Poly Industries, In
- Packaging Connections
- Sacchettificio Nazionale G. Corazza s.p.a.
- Industrial Packaging
- RKW Group
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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on single lip bags market segments and geographies.
Regional Analysis Includes:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
- A detailed overview of parent market
- Changing single lip bags market dynamics in the industry
- In-depth single lip bags market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the single lip bags market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
Single Lip Bags Market: Segmentation
The global single lip bags market is segmented by material, capacity and end-use.
By material :
- Aluminium Foil
By capacity :
- Up to 3 Oz
- 3 Oz to 7 Oz
- 8 Oz to 15 Oz
- 16 Oz to 30 Oz
- Above 30 Oz
By end-use :
- Personal Care and Cosmetics
- Electrical & Electronics
- Other Consumer Goods
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