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.
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.
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.
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.
The key players of VCI Bags market are as follows:
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 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:
On the basis of Metal Protection Type, the market is segmented as:
On the basis of End Use, the market is segmented as:
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