Increasing food wastage and its rising awareness are factors expected to fuel the demand of the global freezer bag market
Albany, NY -- (SBWIRE) -- 08/16/2018 -- In the present time, manufacturers are highly investing in research & development to design & develop products with high reliability and durability. According to the findings of the latest study, the market for freezer bags is characterized by the growing demand for freezer bags owing to their wide-spread usage in food, pharmaceutical and other industries. Market Research Reports Search Engine (MRRSE) has publicized this study into its massive portfolio, which is titled as "Freezer Bags Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018(E)-2026(F)". The study offers a holistic viewpoint on the market's growth in terms of revenue in US$ Mn and CAGR, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Food storage and preservation has become easier with the use of freezer bags. Increasing food wastage and its rising awareness are factors expected to fuel the demand of the global freezer bag market. As per the analyst findings, the revenue generated from global sales of freezer bags has been estimated to be around US$ 3,789.5 Mn in 2018 and is projected to increase at a CAGR of 3.8% during the forecast period 2018-2026. Burgeoning urban population and changing consumer lifestyle has propelled the market for freezer bags, the report adds.
The market overview section of the report offers a detailed introduction of the freezer bags market including the drivers that are helping the growth of the market, restraints that are limiting the market and new trends that are following the market. The trend among freezer bags manufacturing firms to expand their production capacity to meet the increasing demand for freezer bags has fueled the freezer bags market.
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In a bid to offer detailed insights to readers, the report has divided global market analysis into various segments which are based on material type, and application. By material type, the study covers HDPE (High-density polyethylene), LDPE (Low-density polyethylene) and MDPE (Medium-density polyethylene). Application-wise segmentation includes food, pharmaceuticals, medical devices, stationery and others. Of these, the food sector will reportedly remain the major end-user industry generating the maximum demand for freezer bags. On the basis of geography, the study finds that North America and Europe emerge as the largest markets for freezer bags while Latin America, Middle East & Africa and Asia Pacific region are projected to grow at a rapid pace during the forecast years.
To conclude with, the final section of the study presents an exhaustive analysis focusing on the prime players operating in the global freezer bags market. Some of them include US Poly Pack, S. C. Johnson & Son, Inc., Star Poly Bag, Inc., International Plastics, Inc., Universal Plastic Bag Manufacturing Co., Reynolds Consumer Products LLC, Abbey Polythene Ltd., Weston Brands LLC, The Glad Products Company, Inteplast Group, Elevate Packaging, Inc., Uline, Inc., Rutan Poly Industries, Inc., Falcon Pack Industry LLC, Maxpak Australasia Pty. Ltd. and others.
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