Transparency Market Research delivers key insights on the wicketed bags market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2020-2028. In terms of revenue, the global wicketed bags market is projected to expand about 1.5x its current market value by the end of 2028, owing to the high demand for flexible and transparent packaging. The retail & consumer segment is likely to create an incremental opportunity of more than US$ 518 Mn between 2020 and 2028. The wicketed bags is highly demanded in the food & beverages industry.
Wicketed bags are gaining significant traction nowadays due to its cost-effectiveness and more efficiency. Many of the end users such as retail, institutional, and industrial are switching to use these bags as a packaging solution, as these bags have high yield and tear resistance. Additionally, waterproof packaging is a major concern among many end users for ensuring their product safety and shelf life. Wickets provided in bags allow packaging operator to transfer product more efficiently from the worktable to the plastic bags and then to follow sealing operation. This increases speed of packaging and production activities ensuring maximum productivity for the organization. Therefore, lucrative sales opportunities are expected for wicketed bags in the near future.
For better market understanding, research team has considered consumption and sales of wicketed bags as per various materials used for manufacturing of such bags and applications across five regions. End users have more inclination toward eco-friendly material; therefore, consumption of non-biodegradable material-based wicketed bags is rapidly increasing since the past three years. As per the TMR analysis, Asia Pacific region is anticipated to hold the share of more than 40% of the global wicketed bags market by 2028. North America and Europe are expected to dominate the market in 2020, owing to wide applicability and high production of wicketed bags.
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Wicketed bags are being extensively used in food, textile, and pharmaceutical applications. However, during the bag making process, many problems are caused due to static charges. Hence, manufacturers in the wicketed bags market are investing in antistatic systems for slow machines. In case of high-speed machines, manufacturers are making use of static control systems to optimize the production process.
Companies in the wicketed bags market are focusing on innovations to boost their credibility credentials. Mondi Group— a specialist in paper and packaging solutions has introduced its paper based EcoWicketBag, which is replacing plastic materials. Consumers have become conscious about growing plastic waste in the environment.
In order to gain a competitive edge in the industry, manufacturers in the wicketed bags market are investing in state-of-the-art extrusion lines to gain proficiency in automated robotic bag making capabilities. For instance, ABX Innovative Packaging Solutions— a packaging company in Charlotte, North Carolina, is gaining recognition for its robust extrusion lines that offer unmatched machinability to reduce downtime during production processes.
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Companies in the wicketed bags market are bolstering their output capacities in high impact flexographic printing to increase product visibility at retail shelves and hypermarkets. Manufacturers are making use of puncture resistant materials for the packaging of bakery products in order to reduce waste at grocery stores.