Introduction to Product/ Market Overview
Grip seal bags are packaging material which are extruded from natural polythene and find numerous applications from industrial to domestic sector. They provide airtight and watertight protection since they have grip seal and write on panels which individualizes them from the other packing material, making them suitable for protection, storing, packaging & shipping and part identification. Subjected to bag width chosen, they are available in several gauges to stock what one intends to fill in.
Conventionally, grip seal bags had restricted application, which was to store fishes and food items as they were manufactured from film blowing machinery. But with the technological advancement in product development the low-density polyethylene is used in manufacturing process which has widened the application area to consumer and industrial applications.
The elevated demand in food and beverage industry has positively triggered the product demand owing to their flexible nature. The bags find the wide range of applications owing to their easy, quick and secured way to access, sell and store the products. Additionally, these are available in around 70 sizes within which there are approximately 6 grades and are user friendly, these can be easily opened up by pulling apart the seal and then pressing back the seal securely to close them, making them preferential choice for reusing and resealing, providing them a huge market to cater.
Market Size and Forecast
The grip seal bag market is anticipated to record a CAGR of more than 4% between 2019 and 2027 owing to new developments in industry. For instance, re-sealable packs, easy-opening, stand-up pouches, fine finishes and colors ranging from transparent bags to opaque bags and smaller pack sizes.
The grip seal bag market is segmented by end use industry, material type, and product type. Food and beverages segment are likely to grab major chunk in the revenue on account of huge demand of grip seal bags in food and beverage industry globally. Additionally, the pharmaceutical industry is anticipated to generate huge demand on the back of industrial expansion in developing countries such as China and India thereby triggering the growth of the market in the region. Europe is anticipated to be one of the major contributors in grip seal bags market owing to its wide pouch manufacturing and export industry.
The growing demand for packed food products and improved buying power of consumers globally is expected to boost the market growth. Increasing technological product advancement coupled with R&D investments are anticipated to propel the bags market during the forecast period in a positive way.
Growth Drivers
Innovations and Investment in the product development
The latest innovations in the manufacturing industry has resulted in the invention of modified atmosphere packaging, commonly known as (MAP) which is able to resist both oxygen and water penetration, this otherwise fasten the natural deterioration process of food and beverage products. This innovation has resulted in an increased demand of flexible packing material in manufacturing, food and cosmetics industry. This indeed has created a significant opportunity for the manufacturers to penetrate unexploited industries segment of developed and emerging markets.
Prevalence of Rise in the demand from the end use industries
The rising demand from the various end use industries will fuel the market growth as the bags have versatile use from food industry to jewelry and accessories industry. The grip seal bags are commonly used products due to their light weight, ease of handling and are economical owing to their multiple use.
Prevalence of Low Product cost
The economic cost of the product even for the bags that are customized or are highly innovated is anticipated to increase the market growth since the bags have high product usability and application coupled with lost price.
Restraints
Environmental Concerns will move the plastic bags away from the market
Environmental and water pollution concerns growing from non-biodegradable plastic grip seal bags and pouches are anticipated to adversely impact the market growth. The encouraging use of alternative biodegradable packaging materials for instance, paper bags will hamper the market growth. Some of the countries, for instance Germany and Denmark, have recently laid a partial or complete ban over plastic bags usage. In some regions, the supermarkets and retail stores have begun to charge for plastic bags in order to encourage the reusable bags usage and to reduce the use of plastic bags.
Government Regulations on the production methods of plastic bags
The regulations and the restrictions laid by the governments are anticipated to backlash the growth of grip seal bag market owing to the restrictions on usage of coloring agents, manufactured bag size, production of multilayered packaging material and restriction on manufacturing, storing and distribution of non-recyclable packing material. Additionally, some governments have prohibited the use of bags in specific industries. These stringent rules and regulations posed by governments and international bodies on plastic material manufacturing have indeed has resulted in the increased cost margin per product for manufacturers which is anticipated to affect the growth market negatively during the forecast period.
Market Segmentation
Our-in depth analysis of the Grip Seal Bag market includes the following segments:
By End Use
- Chemical and petrochemical
- Cosmetics
- Pharmaceutical
- Textile
- Food and beverages
- Institutional retail
- Manufacturing
- Automobile
- others
By Material Type
- Low-density polyethene
- Polypropylene
- High-density polyethene
- Others
By Product Type
- Mailing bags
- Write-on bags
- Heavy duty bags
- Clear bags
- Slider zipper bags
By Region
On the basis of regional analysis, the Grip Seal Bag market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The Asia-Pacific is anticipated to have leading share in the market owing to the increment in industrialization and rapid urbanization in developing countries for instance China and India. Additionally, the increased demand for the packaged food in this region has fueled the grip seal market growth.
North America is anticipated to generate maximum demand during the forecast period owning to rise in consumption of grip seal bags in various industries.
Europe has major share in production and export of bags as European manufacturers export the bags to Middle East, Asia-Pacific and North America.
The Grip Seal Bag market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- CFN Packaging Group Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Grays Packaging Ltd
- DUO Packaging
- Flexopack
- Century Art
- 3A Manufacturing
- Elliott Packaging
