Gusseted Bags Market to observe high growth by 2016-2024
sarsota, FL -- (SBWIRE) -- 10/19/2017 -- Gusseted bags have an extended ability to pack various materials and they are the type of flexible packaging. Gusseted bags were previously used only for packing coffee and tea but now, owing to the rise in the various food products gusseted bags are used in a wide number of industrial verticals. Gusseted bags retain the freshness of the food for a longer period of time and also help to increase the shelf life of the products. Gusseted bags occupy less space and are easier to handle.
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The segmentation of the gusseted bags includes its end-use industry, material, and its closing type. Based on the end-user industry, the market is segregated into pharmaceuticals, food & beverage, cosmetics & personal care, and others. Depending on the materials that are used for the manufacturing of the gusseted bags the market is categorized into plastic, aluminum foil, and paper. The plastic segment is further sub-segmented into PE, LLDPE, PPE, and others. The most common raw material that is used for the production of gusseted bags is plastic. Based on the closing type, the market is fragmented into taping (tape bound), zippers, and tying.
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The key factor that is driving the demand for the gusseted bags is the convenience that is provided by the gusseted bags for easy handling. The products that are kept in the gusseted bags are less prone to damage. The gusseted have extended space which aids in visual clarity of the imprints that are printed on the bags and also provides huge storage space. The benefits that are provided by the gusseted bags such as easy handling and lightweight in nature also anticipate driving the market. Gusseted bags are used for shipping purposes thus in high demand in the retail sector thus projecting the market growth in the coming years. Gusseted bags are utilized in various verticals thus opening up new avenues for the market growth. The main factor that is attracting the manufacturers of the gusseted bags is that the raw materials that are used for the making gusseted bags are recyclable. Traditional bags are of low cost than the gusseted bags thus impacting the growth of the global gusseted bags market.
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Geographical segmentation of the gusseted bags market includes Eastern Europe, Western Europe, Asia-Pacific, the Middle East and Africa, North America, and Latin America. The region that is currently dominating the gusseted bags market is Asia Pacific. The factors that contribute to this market growth are the large population base and the high rate of consumption of the gusseted bags in this region when compared to other regions such as Europe and North America. But the demand of gusseted bags will increase in the North American region due to the exceptional features of the gusseted bags and the growing demand from the consumers in order to have a convenient and portable way for packaging.
Some of the key market players that are involved in the gusseted bags market are Amcor Limited, Bemis Company Inc., Mondi Group Plc., Bischof + Klein SE & Co. KG, and Smurfit Kappa Group.