The global freezer bags market was valued at US$ 3,654.6 Mn in 2017 and is expected to be valued at US$ 5,102.8 Mn in 2026.
Albany, NY -- (SBWIRE) -- 07/13/2018 -- In the present time, reducing food waste through proper storage and packaging solutions is a necessity. With the availability of freezer bags, food items and non-food items can be stored for longer durations without loss of aroma or freshness. Therefore, the market for freezer bags has been increasing at a steady pace. To elaborate further, a fresh study titled "Freezer Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018(E)-2026(F)" has been publicized to the online repository of Market Research Hub (MRH), which is an in-depth research that includes insights acquired from complex information, benefitting the business of clients. As per the report findings, the market is expected to expand at a CAGR of 3.8% in terms of market value during the forecast period, 2018-2026.
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This 199-page precise study provides a holistic outlook on the freezer bags market's growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), and volume (in Thousand Units), across different geographies, including Asia Pacific, Latin America, North America, Europe, and Middle East & Africa (MEA). Moreover, it presents analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.
Key Findings from the Report
As per the research evaluations, the global freezer bags market was valued at US$ 3,654.6 Mn in 2017 and is projected to be valued at US$ 5,102.8 Mn in 2026. It has been clearly stated that the global market is characterized by the growing demand for freezer bags owing to their wide-spread usage in food, pharmaceutical and other industries.
Moving further, the research highlights market opportunities by segmenting it on the basis of material, application and geography. By material, the study covers HDPE (High-density polyethylene), MDPE (Medium-density polyethylene) and LDPE (Low-density polyethylene). Application-wise segmentation includes food, medical devices, pharmaceuticals and stationery. As per the findings, food sector will apparently remain the predominant end-use industry creating the maximum demand for freezer bags across the world.
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. In addition to that, the growth in retail stores around the world is expected to further propel the market growth.
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At last, the report covers a thorough competitive outlook that contains market share and profiles of key players functioning in the global market. Major companies profiled in the freezer bags market are C. Johnson & Son, Inc., Elevate Packaging, Inc., The Glad Products Company, Great American Packaging, Inc., Rutan Poly Industries, Inc., Universal Plastic Bag Manufacturing Co., Maxpak Australasia Pty. Ltd., International Plastics, Inc., Falcon Pack Industry LLC, Reynolds Consumer Products LLC, Polybags Limited, Weston Brands LLC, Abbey Polythene Ltd., Star Poly Bag, Inc., Uline, Inc., Inteplast Group, US Poly Pack
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