South America Wicketed Bags Market

Market Introduction

South America includes countries, including Brazil, Argentina, and the rest of SAM. South America is another region contributing to the growth of wicketed bags. The wicketed bags market in South America is primarily driven by its high use by the end-use industries. Also, the various benefits offered by wicketed bags are anticipated to propel the market growth in the region. Wicketed bags offers maximum product shelf life, maximum transparency, perfect packaging performance, and recyclable PE substrates. Also, these provide tailor-made solutions based on customer’s needs and are convenient, ready-for-use, and clean and safe owing to excellent quality controls. These find applications in food, garden, agricultural produce, home & personal care such as diapers, feminine hygiene products, paper towels or toilet paper, and household and cleaning wipes, pharmaceutical and others. Moreover, South America encompasses several opportunities for wicketed bags, but the industries are less developed in comparison to other regions. The increase in population and continuous advancement in the end-use industries such as food, pharmaceuticals, personal care, and others have had a positive impact on the economy of Brazil and Argentina that has advanced to a large extent. The rising potential for wicketed bags in the end-use industries, along with the growth in the end-use industries, is primarily contributing to the market growth in South America. The consolidation of the e-commerce sector in the region is expected to increase the demand for flexible packaging. The recent innovations have also made these packages eco-friendly and sustainable. Consumers in South America are preferring eco-friendly and sustainable flexible paper packaging compared to plastic packaging, which poses a significant threat to the environment. As the demand for packaging increase, the demand for wicketed bags increase as well. Further, SAM has a nascent share, but with the increasing presence of global and local market players, coupled with increasing research & development activities by these market players are anticipated to drive the wicketed bags market in the region. The rise in investment in research & development activities, along with technological innovation related to wicketed bags, is propelling the growth of the market in the region.

In South America, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America have taken several actions to protect their people and contain the spread of COVID-19. It is presumed that South America will face lower export revenues, both from a drop in commodity prices and a reduction in export volumes, especially to China, Europe, and the US, which are essential trade partners. Containment measures in different countries of South America are likely to reduce economic activity in the chemicals & materials sector for at least the next quarter, with a rebound once the pandemic is contained.

South America Wicketed Bags Strategic Insights

Strategic insights for the South 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.

South America Wicketed Bags Report Scope

South America Wicketed Bags Regional Insights

The geographic scope of the South 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 SAM is expected to grow from US$ 50.62 million in 2021 to US$ 64.83 million by 2028; it is estimated to grow at a CAGR of 3.6% 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. 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.

Key Market Segments

Based on type, the SAM wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share SAM wicketed bags market. Based on application, the SAM 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 SAM wicketed bags market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the wicketed bags market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the Berry Global Inc.; Bischof + Klein SE & Co. KG; Mondi; Sonoco Products Company; UFlex Limited are among others.

Reasons to buy report

• To understand the SAM wicketed bags market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM wicketed bags market
• Efficiently plan M&A and partnership deals in SAM wicketed bags market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM wicketed bags market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM WICKETED BAGS MARKET SEGMENTATION

By Type

• Loose Flap
• Bottom Gusset
• Side Gusset
• Others

By

Application

• Food
• Pharmaceuticals
• Personal Care and Cosmetic Products
• Industrial Goods
• Others

By Country

• Brazil
• Argentina
• Rest of SAM

Company Profiles

• Berry Global Inc.
• Bischof + Klein SE & Co. KG
• Mondi
• Sonoco Products Company
• UFlex Limited