Wicketed Bags Market to Expand at a CAGR of 4.8% by 2028; COVID-19 to Affect Future Growth Trajectory

Expert Teams Ensure Business Continuity amidst COVID-19

The coronavirus crisis continues to loom over the global society, economy, and various end markets. Companies in the wicketed bags market such as the Spectrum Plastics Group (SPG) is addressing this situation by establishing COVID-19 Response Teams to develop comprehensive action plans for ensuring business continuity. These plans are making manufacturers prepared for the uncertainties in demand and supply whilst complying with guidelines issued by the government institutions.

In order to adhere with the guidelines issued by the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC), manufacturers in the wicketed bags market are adopting protective measures across global operations for production and packaging of goods. Potential COVID-19 vaccines are anticipated to reopen manufacturing facilities and bring business activities to normalcy.

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Antistatic Systems Overcome Issues of Static Charge to Optimize Production Process

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.

Automated Robotic Bag Making Processes Reduce Downtime, Offer Product Consistency

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.

Companies in the wicketed bags market are increasing their production capabilities in compression bags, bakery bags, and wipes refill bags to capitalize on value grab opportunities. They are utilizing automated bag making processes to improve operational efficiencies and offer consistency in product units.

Puncture Resistant Materials in Wicketed Bags for Bakery Products Reduce Waste

Different color graphics in wicketed bags are delivering increased shelf appeal, resulting in high product uptake. Apart from food and pharmaceutical products, manufacturers in the wicketed bags market are leveraging business opportunities in personal care products, such as wipes and on-the-go travel packs. They are providing tailored solutions with cost effective peel and reseal closures to create imaginative packaging for brands.

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.

Integrated Leisure Cores, Customized Printing Help Increase Retail Product Uptake

Customized printing is emerging as a recurring trend in the wicketed bags market. Packaging manufacturers are harnessing growth opportunities in feminine hygiene products, baby diapers, and meat packaging to broaden their revenue streams. Guang Zhou Novel Packaging— a manufacturer of plastic and laminated coated bags, is enabling easy dispensing in wicketed bags by integrating thin wires in units. Stakeholders in the food packaging industry are investing in automatic packaging equipment to achieve maximum efficiency during processes.

Manufacturers in the wicketed bags market are offering services in both clear wicketed bags as well as customized printing for products. They are increasing efforts to integrate leisure cores for easy opening and are adding a plastic handle for easy carrying of products.

Wicketed Bags Market: Overview

  • According to Transparency Market Research’s latest market report on the wicketed bags market for the historical period 2015-2019 and forecast period 2020-2028, rising demand for flexible packaging over rigid and aesthetic dispensing of the food items via transparent packaging is projected to drive the market
  • Globally, the revenue generated by the wicketed bags market is projected to expand at a CAGR of 4.8%, in terms of value, during the forecast period

Sustainability Offered by Flexible Packaging Driving Wicketed Bags Market

  • There are a number of advantages over conventional packaging materials, as chemical properties possessed by flexible packings offer durability, added with sustainability. Furthermore, less raw material is also consumed while manufacturing the flexible packaging formats, their reduction in energy usage, relatively low waste produced, and lower carbon footprint.
  • Globally, governments are focusing on framing strict policies regarding recyclability and reusability of plastic materials. Imposition of such laws is expected to bolster the demand for sustainable flexible packaging in the future. The PET plastic is considered to be more sustainable as compared to other plastics and therefore, wicketed bags made of PET are expected to expand at a CAGR of 4.3% by 2028.

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End Users Switching to Bio-Based Material from Traditional Packaging Materials

  • With the shift of using bio-based materials for the manufacturing of wicketed bags instead of toxic plastic is creating new growth opportunities in the market. Increasing government regulations and environment concerns have unlocked new doors for the manufacturers of wicketed bags to strive ahead toward innovation.
  • Many manufacturers have already launched sustainable wicketed bags; however, rest of the players are undergoing rigorous R&D to meet sustainability needs.
    • Manufacturers such as International Plastics Inc. and Friesen Plastics Inc. are eco-friendly wicketed bagss with FDA approved virgin raw materials added with the Global Food Safety Initiative (GSFI) benchmarking and compliant with AQMD standards
    • Indian manufacturer Ashok Polymers are manufacturing wicketed bagss made of oxo biodegradable material

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