North America Wicketed Bags Market
The North American region consists of developed economies, including the U.S. and Canada, as well as Mexico, as a developing nation. In this region, the United States is a major market for wicketed bags, followed by Canada and Mexico. Wicketed bags are the stacked plastic bags which are held together on a wicket (thin metal bar). The wicket makes it easy to dispense bags and package various items. The manufacturers in the region are offering FDA (Food and Drug Administration) and US$A (United States Department of Agriculture) certified wicketed bags that are ideal for food and non-food items. For instance, Maco PKG provides easy-to-use and highly efficient wicketed bags commonly used for packing food. In addition to meeting all FDA as well as US$A specifications for food contact, the company adds several other options for wicketed bags. The North American region largely supports the growth of the wicketed bags market through effective manufacture and trade policies. The accelerated growth of the food industry in the region is anticipated to drive the demand for wicketed bags market. According to U.S. Department of Agriculture, agriculture, food, and related sectors contributed $1.109 trillion to the U.S. gross domestic product (GDP) in 2020, a 5.2% share. With a 13% share, food sector ranked third behind housing, and transportation sectors among the expenditures of the average American household in 2020. Also, the increasing demand for see-through packaging, especially in the food & beverage sector, is anticipated to create demand for wicketed bags. Wicketed bags impart a visually pleasing appearance and offer superior gloss and transparency to the package. Consequently, the demand for see-through packaging utilizing wicketed bags is rising in the developed countries of North America, which will further propel the wicketed bags market during the forecast period.
The US reported the highest number of confirmed cases of COVID-19, followed by Mexico and Canada in North America. This is likely to influence the chemical & materials industry negatively in the region, placing constraints on the supply chain. However, there has been an increase in the sale of food products, pharmaceutical products, and other goods through online retailers during the pandemic and wicketed bags are used in the packaging of these products. Moreover, there is an increased need for bio-based wicketed bags in this region. All these factors are expected to boost the demand for wicketed bags, thereby supporting the growth of this market in the region.
Strategic insights for the North America 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$ 196.53 Million |
| Market Size by 2028 | US$ 265.59 Million |
| Global CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 196.53 million in 2021 to US$ 265.59 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028. Growing application in personal care and hygiene products; everyday hygiene products are purchased and consumed in large quantities. Diapers for babies and adults, toilet and kitchen tissues, and female hygiene products are all wrapped in plastic. For packaging these products, wicketed bags are highly utilized. With the high sale of hygienic products, increasing demand for wicketed bags can be noticed, which further brings in new opportunities for this market to grow. Several manufacturers are nowadays offering novel products under this category. For instance, Schur Flexibles offers an efficient standard range of transparent or printed wicketed bags along with individual laminate solutions tailored to customer requirements for packaging of sanitary and cosmetic products such as cotton swabs, wipes, incontinence products, sanitary towels, panty liners, sanitary towels, or napkins. Wicketed bags offer benefits such as easy handling, clear product presentation, easy opening, safe transportation, easy opening, tear resistance, and premium look. The company also ensures that hygiene products remain clean with wicketed bags. Bischof + Klein SE & Co. KG is another company that offers lavishly printed film packaging—produced from mono and highly thin coex polyethylene up to five layers—in the form of wicketed bags with a width of up to 840 mm and height of up to 925 mm. The company attempts to meet consumers' maximum convenience necessities via diverse carrying handles (including printed versions), resealing options, handle contours, dust flaps, diverse (opening) perforations, and punching (e.g., Euro perforation), and also ensures the hygiene of products. This is bolstering the growth of the wicketed bags market.
Based on type, the North America wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share North America wicketed bags market. Based on application, the North America 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 North America wicketed bags market.
A few major primary and secondary sources referred to for preparing this report on the wicketed bags market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Berry Global Inc.
The North America Wicketed Bags Market is valued at US$ 196.53 Million in 2021, it is projected to reach US$ 265.59 Million by 2028.
As per our report North America Wicketed Bags Market, the market size is valued at US$ 196.53 Million in 2021, projecting it to reach US$ 265.59 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The North America 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 North America Wicketed Bags Market report:
The North America Wicketed Bags Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Wicketed Bags Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Wicketed Bags Market value chain can benefit from the information contained in a comprehensive market report.
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