This VCI Bags market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving VCI Bags market.
VCI Bags Market: Overview
VCI Bags are Vapor Corrosion Inhibitor bags used as metal component packaging bags, which gives corrosion protection during storage and transportation. Owing to the combined benefit of protection and packaging, the market of VCI bags is increasing exponentially from last three years. The VCI bags are versatile and can be used for packaging of ferrous, Non-ferrous, and anti-tarnish metal. These bags enhance the shelf life of the product for up to 3 years. These bags are manufactured from strong and tamper-resistant material. The stretchable films used for VCI bags provide excellent flexibility for the packaging of metals, which increases ease of loading and unloading of material during transit. The VCI bags serve as a strong barrier for moisture, dirt, salt, oxygen, and other environmental factors that are responsible for corrosion and rusting of metal, thus weakening of the stored material. Hence, with the increasing demand of corrosion protection of automotive parts and sub-assemblies, VCI bags market is expected to gain more traction during the forecast period.
VCI Bags Market: Dynamics
Increasing the shelf life of the components and spare parts of the machinery is the primary concern for expanding the market of VCI bags across the world. Wastage reduction and high-speed production are the driving factors for propelling the growth of the VCI bags market. The VCI bags are transparent, flexible, and require less space, which results in the reduction of packaging cost. These bags are eco-friendly and easy to recycle. The metals stored in such non-corrosive bags requires no cleaning and greasing; hence, the stored products are ready to use and assemble directly. As VCI bags have no galvanic effects and no other residues that can change the properties of metal, it has increasing growth opportunities in electrical and electronics industries. These bags are also considered as safe for food packaging, hence with the growing food industries, the demand for VCI bags is expected to increase with significant growth rates.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
There are certain restraining factors that might hamper the performance of VCI bags and hence the market growth. The VCI bags have poor temperature resistance. These bags are generally used below 35 degree Celsius temperature.
VCI Bags Market: Regional Outlook
As the VCI bags are multi-purpose bags and cost-effective packaging solutions for metal products, its demand is consistently increasing from the past three years. In North America, the United States is a mature market for VCI bags. However, the market of VCI bags is expected to increase further due to high-end automation in various industries. In Europe, France, and the United Kingdom, VCI bags market is expected to increase with less growth rate. On the other side, increasing opportunities are witnessed for the VCI bags market in Italy and Germany due to increasing automation in pharmaceutical industries. In Latin America, the Mexico market is considered as an emerging market for VCI bags. The rapid increase in demand for VCI bags is witness in India and Indonesia VCI bags markets.
Furthermore, China VCI bags market is dealing with tough rivalry owing to electric and electronics industries. The VCI bags market is consistently growing with automation in the automobile sector in Japan market. On the other hand, the Middle East and Africa VCI bags markets are expected to have sluggish growth during the forecast period. As per the regulation of Food and Drug Authority, CFR 21 188/1520, which provides food-grade material guidelines, VCI bags are also suitable for food packaging. Hence, it is expected that the market of VCI bags will enhance further with the food packaging industries.
VCI Bags Market: Key Players
The key players of VCI Bags market are as follows:
- Zerust - Northern Technologies International Corporation (NTIC)
- Daubert Cromwell Co., Inc.
- Green Packaging Inc.
- Safepack Industries Ltd.
- American Plastics Company
- General Plastics Extrusions., Inc.
- Bluguard VCI - Heritage Packaging
- RBL Industries
The VCI Bags Market 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, macroeconomic 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.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 - 2018
- Market Size & Forecast 2019 to 2029
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes -
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
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VCI Bags Market: Segmentation
The VCI bags market is segmented on the basis of product type, material type, metal protection type, and end use
On the basis of Product Type, the market is segmented as:
- Zipper Bags
- Gusset Bags
- Flat Bags
- Others (Elasticated Bags, Engine Bags)
On the basis of Material Type, the market is segmented as:
On the basis of Metal Protection Type, the market is segmented as:
- Non Ferrous
On the basis of End Use, the market is segmented as:
- Electrical and Electronics
- Food industries
- Military Applications
- Metalworking industries
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the market
- Historical, current, and projected size of the market, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the market
- Must-have information for market players to sustain and enhance their market footprint.
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What will you discover from VCI Bags Market report?
- The current and future market size, covering each aspect and nuanced trends across key national and geographic markets
- An overview of the market report, providing an imperative visual of the varied market subdivisions and overall forecast statistics in terms of value and volume
- Extensive database and key dynamics elevating the market with varied verticals associated
- Underlying VCI Bags Market forces that are compelling consumers or businesses to purchase the product
- How novel technologies and consumer-centric innovations will create new value-adding opportunities for companies active in the VCI Bags Market
- What will be environment and regulatory impacts on the market over the next decade
Which framework has been used to develop the VCI Bags Market report?
- Investment Feasibility Matrix - It shows returns on investment, level of competition, success rate of investment, and potential risks associated with the market. The analysis shows that the competition is high in the established market, while the returns for short-term investment are also taken into consideration
- Relative Maturity Mapping – The relative maturity is measured according to three growth phases (growth, maturity, decline)
- Relative PLC (Product Life Cycle) – Analysis of the emergence of prominent players and competitive test prices which are driving factors behind every market. (expected market behavior, observed market behavior, expected market performance, observed market performance)