Global Gusseted Bags Market Overview:
Gusseted bags are a great alternative to drab flat bags. Gusseted bags can be used for various uses as provide a great option for packaging that someone wants for fit the product. They are used to package industrial box liners as well as for high-end retail display packaging. Gusseted bags are often used for two types of products, which are bulky items and bulk items, because of which they are often used in the food industry but are also used in gardening, hardware and other industries.
As per latest study released by AMA Research, the Global Gusseted Bags market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Government Support towards Specialty Paper Packaging and Increasing Inclination towards Sustainable Packaging
Market Growth Drivers:
Increasing Demand from Food & Beverage Industry and Rising Demand for Bio-Degradable and Eco-Friendly Packaging Material
Challenges:
High Involvement of Plastic Products Worldwide
Restraints:
Availability of Alternative Products
Opportunities:
Increasing Demand Due To Increasing Transportation of Food Products and Rising Popularity of Quick-Service Restaurants
Competitive Landscape:
Some of the key players profiled in the report are United States Plastics Corp (United States), Columbia Burlap & Bag Company (United States), Altapac (United States), Westflex Ltd. (United Kingdom), Poly Pak Plastics (United States), TedPack Company Limited (China), ELKAY Plastics (United States), Associated Bags (United States), Rengo Co., Ltd. (Japan), Maco PKG (United States), Clear View Bag Company (United States) and Top Pack Co., ltd (China). Additionally, following companies can also be profiled that are part of our coverage like Pacific Bag Inc. (United States), PBFY Flexible Packaging (United States) and TekPak Solutions (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Gusseted Bags market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Gusseted Bags market. Considering Market by Material, the sub-segment i.e. Paper will boost the Gusseted Bags market.
Latest Market Insights:
In August 7, 2019 - Rengo Co., Ltd. announced that it has acquired 50.0% of the issued shares of TARUTANI Industrial Packaging Corporation. TARUTANI Industrial Packaging manufactures and sells kraft paper bags, wooden pallets, and procures and sells packaging materials such as flexible containers and plastic pallets. and On August 6, 2019 - Rengo Co., Ltd. announced that it acquired 100% of the issued shares of Takedashiki Co., Ltd. a wholly-owned subsidiary. Takedashiki is a corrugated box manufacturer located in Kashiwa-shi, Chiba. The company also plans and sells packaging-related products such as POP and SP products with its two assembly centers in Kashiwa-shi and Noda-shi, where it conducts assembly business for foodstuffs and cosmetic products.
In November 2022, US-based packaging provider ClearBags has launched packaging product lines and colour themes ahead of Clear Friday and Cyber Monday sales.
What Can be Explored with the Gusseted Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gusseted Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gusseted 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 Gusseted 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 Gusseted 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 Manufacturers of Gusseted Bags, Suppliers of Gusseted Bags, Wholesalers, Distributors and Retailers of Gusseted Bags, Food & Beverage Industry, Packaging Industry and Governmental Bodies.
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.