According to a recently published report by Research Nester on “Grip Seal Bag Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Grip Seal Bag market in terms of market segmentation by material, by end users and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Global market for the grip seal bags is segmented into the end-use industry, material type, and product type. Based on the end-use industry, the market is sub-segmented into chemical and petrochemical, cosmetics, pharmaceutical, textile, food and beverages, institutional retail, manufacturing, automobile, and others. Depending on the material type, the market segmented into low-density polyethene, polypropylene, high-density polyethene, and others. The variety of product type that are existing in the market are mailing bags, write-on bags, heavy duty bags, clear bags, and slider zipper bags.
The market is anticipated to attain CAGR of 4.4% as a result of new developments and innovations in grip seal bag industry and 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. The end use type segment is predicted to have leading shares owing to huge demand of grip seal bags in food and beverage industry globally. The Asia-Pacific region is anticipated to have improved shares with United States being the major player affecting the global market. Europe will have major share in production and export of bags as European manufacturers export the bags to various other regions.
The recent innovations and developments in manufacturing sector. For instance, MAP will result in demand and overall growth of the sector by providing significant opportunities for the manufacturers to penetrate unexploited industries segment of developed and emerging markets. Additionally, 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. Low product cost will also act as one of the prevalent factors in rise of market. However, Environmental and water pollution concerns growing from non-biodegradable plastic grip seal bags and pouches are anticipated to adversely affect the market growth. Additionally, 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.
This report also provides the existing competitive scenario of some of the key players of the global midstream oil and gas equipment market which includes company profiling CFN Packaging Group Limited, Grays Packaging Ltd, DUO Packaging, Flexopack, Century Art, 3A Manufacturing, Elliott Packaging. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global grip seal bag market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.