Asia-Pacific Wicketed Bags Market
The wicketed bags market in APAC comprises several economies such as China, India, Japan, South Korea, Australia, and Rest of APAC. These countries are witnessing an upsurge due to growth in urbanization, increasing manufacturing industries coupled with growing industrialization, and the impact of social media, which offers ample opportunities for key market players in the wicketed bags market. The APAC region encompasses an ample number of opportunities for the growth of wicketed bags. This region has been noticed as one of the prominent markets for the utilization of wicketed bags. China is mainly dominating the regional market, followed by other countries such as Japan, India, and Rest of APAC. The growing population, rising disposable income levels of the population, and substantial economic conditions are supporting encouraging growth the demand for food, pharmaceuticals, and personal care products thereby driving the wicketed bags market in the region. Wicketed bag is extensively utilized for food packaging and non-food packaging. Such as bakery bread, fruits, ice, vegetables, baby diapers, meat, and feminine hygiene products. Also, it is extensively used for semi-automatic, automatic, and manual load applications. The burgeoning demand for baby diapers in emerging nations such as South Korea and China has contributed to the demand for wicketed bags. Moreover, the wicketed bags find multiple applications in pharmaceuticals, industrial goods, and others. Consequently, these factors have led to the wicketed bags market growth in APAC. The key players operating in the region are St. Johns Packaging, Mondi, UFlex, Sonoco Products Company and others. The key manufacturers are highly focused on developing high quality and innovative products to fulfill the end users’ requirements through research & development, technological advancement, merger & acquisition, expansion, and other strategies. For instance, Guangzhou Novel Packaging is facilitating easy dispensing in wicketed bags by integrating thin wires in units. Depending on the requirements of the clients, the wicketed bags can be produced in multiple sizes and thicknesses, being equipped with a leisure score and plastic handle. In order to achieve the highest efficiency, various food packaging lines are equipped with automatic packing equipment. Several industrial packaging lines are equipped with workstations which are designed to hold the wicket of bags, so the packaging operator is easy and fast to remove a bag from the wicket after the product is placed inside.
The COVID-19 outbreak is presumed to have caused a significant economic loss in Asia Pacific. The governments of various Asia Pacific countries are taking possible steps to contain the spread of the virus by announcing lockdowns, which, in turn, has impacted the revenue generation of the wicketed bags market. The governments of different countries have directed the chemicals & materials manufacturers to delay their production cycle, which is adversely affecting the global supply of wicketed bags. However, the increasing demand from various end-use industries—such as food packaging, pharmaceuticals, personal care and cosmetics, and others—in countries such as India and China is expected to support the growth of the wicketed bags market.
Strategic insights for the Asia-Pacific Wicketed Bags provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 324.92 Million |
| Market Size by 2028 | US$ 451.71 Million |
| Global CAGR (2021 - 2028) | 4.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Wicketed Bags refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The wicketed bags market in APAC is expected to grow from US$ 324.92 million in 2021 to US$ 451.71 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Growing demand for convenience and processed food; wicketed bag is produced with stacked layers on a wire wicket that is held in place with a chipboard header or rubber washer. It has a bottom gusset and can be prepared with permanent or resealable tape used for easy access. It has a good storage capacity and is utilized to conveniently store frozen foods, baked food items, fresh foods, and pet foods, as well as other essential products. They are usually composed of materials such as polyethylene, cast polypropylene, polyester, and polyamide. Companies offer wicketed bags that are mostly used for packing food such as ice, apples, potatoes, bread, tortilla, and meat. If consumer requirements insist on automatic and semi-automatic packing, wicketed bags deliver an easy answer. Nowadays, there is an increasing demand for convenient food products due to busy lifestyles and hectic work schedules. RTE and RTC cut vegetables, frozen fruits, baked snacks, and many other products are packaged in wicketed bags are highly popular among consumers. The high purchasing power of consumers results in the growing demand for processed food products. Additionally, a rise in the percentage of working women has increased the demand for ready-to-eat convenience food, which is further expected to fuel the wicketed bags market growth. With the increasing health-related awareness among the population, the need for frozen fruits and vegetables, and other products is rising. Healthy foods have gained significant momentum among consumers, as they are increasingly seeking healthy and convenient alternatives served at breakfast as a meal replacement, or as a snack. Hence, the growing preference for convenience and processed food are demanding more wicketed bags for packaging and eventually driving the market growth. This is bolstering the growth of the wicketed bags market.
Based on type, the APAC wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share APAC wicketed bags market. Based on application, the APAC wicketed bags market is segmented into food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others. In 2020, the food segment held the largest share APAC wicketed bags market.
A few major primary and secondary sources referred to for preparing this report on the wicketed bags market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Berry Global Inc.; Bischof + Klein SE & Co. KG; Mondi; PAC Worldwide Corporation; Sonoco Products Company; St. Johns Packaging; UFlex Limited are among others.
The Asia-Pacific Wicketed Bags Market is valued at US$ 324.92 Million in 2021, it is projected to reach US$ 451.71 Million by 2028.
As per our report Asia-Pacific Wicketed Bags Market, the market size is valued at US$ 324.92 Million in 2021, projecting it to reach US$ 451.71 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The Asia-Pacific Wicketed Bags Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Wicketed Bags Market report:
The Asia-Pacific Wicketed Bags Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Wicketed Bags Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Wicketed Bags Market value chain can benefit from the information contained in a comprehensive market report.
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