Global Silicone Storage Bags Market Overview:
Silicone has long been utilized in a variety of consumer goods and personal care products. Previously, food-grade silicone was utilized to make containers and lunchboxes for the safe storage of food and the replacement of plastic containers. Silicone storage bags have ushered in a new era in the silicone goods industry. Investment in research and development, advancements in innovation and technology, rising health awareness, an alternative source of plastic bags, reusable silicone bags, high resistance of silicon to temperature change degradation, boosting the growth of the market. The key drivers driving the growth of the global silicone storage bags market are a natural source of raw material, reduced toxicity, eco-friendly silicone storage bags, the safety of the marine environment and animals, high disposable income, a surge in awareness about the harmful impact of plastic on natural resources, approval of food regulatory bodies, recyclable product, and ease of care.
Growth Drivers
- Increasing Health Consciousness
- Rising Demand due to High Resistance of Silicon to Degradation from Temperature Change
Roadblocks
Opportunities
- Growth Opportunity for Alternative Source of Plastic Bags
- Surging Demand due to Reusable Properties of Silicone Bags
Challenges
- Availability of Alternative Storage Bags such as Plastic
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Stasher (United Kingdom), BlueAvocado Co. (United States), Bee’s Wrap (United States), Happy And Healthy Living Designs LLC (United States), Langsprit (United States), Shenzhen Kean Silicone Products Co., Ltd. (China), FoodSaver (Canada), AISHN (United States), WOHOME (China), Keljun (China) and JTSC Products (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Silicone Storage Bags market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Silicone Storage Bags market.
In Dec 2019, SC Johnson, an industry-leading manufacturer of household consumer brands, today announced it has acquired Stasher®, a fast-growing line of high-quality, reusable silicone storage bags. Stasher® bags are made from silicone and are durable, versatile and designed to be used across a wide range of temperatures for uses including freezing and cooking. Stasher® bags are resealable and can be used thousands of times. They are available in a variety of appealing colors and convenient sizes including pocket, snack, sandwich and half gallon.
What Can be Explored with the Silicone Storage Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Silicone Storage Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Silicone Storage Bags
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Silicone Storage Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Silicone Storage Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Silicone Storage Bags Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.