Food Segment to Dominate Europe Wicketed Bags Market during 2020–2028

According to a new market research study on “Europe Wicketed Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 216.97 million by 2028 from US$ 173.11 million in2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the Europe wicketed bags market along with the drivers and restraints pertaining to the market growth. Rising demand for flexible packaging is the major factor driving the growth of the Europe wicketed bags market. However, challenges in plastic bag recycling hinder the growth of Europe wicketed bags market.

In Europe, as per the recent data, France, the UK, and Russia have recorded the highest number of COVID-19 cases. Italy, Spain, and Germany are the other countries that have been affected, and they are expected to suffer an economic decline due to the reduction in industrial activities because of the lockdown. Other European countries have also implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to significantly affect the market growth in Europe. However, increasing investment in research activities to innovate recyclable and eco-friendly packaging is expected to provide lucrative opportunities for the wicketed bags market during the forecast period.

The market for wicketed bags market is segmented into type, application, and country. Based on type, the Europe wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share Europe wicketed bags market. Based on application, the Europe wicketed bags market is segmented into food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others. In 2020, the food segment held the largest share Europe wicketed bags market. Based on country, the Europe wicketed bags market is segmented into Germany, France, UK, Italy, Russia, Rest of Europe. In 2020, the Rest of Europe held the largest share Europe wicketed bags market.

Berry Global Inc.; Bischof + Klein SE & Co. KG; Coveris; Mondi; PAC Worldwide Corporation; Sonoco Products Company; St. Johns Packaging; UFlex Limited are among the leading companies in the Europe wicketed bags market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, St. Johns Packaging Ltd. announced the completion of the acquisition of Amcor Flexibles UK Ltd.’s bakery packaging market in Ilkeston, Derbyshire. The facility specializes in printing and wicket bag manufacturing for the United Kingdom bakery market. Having built a strong competitive position in North American market, the acquisition will provide St. Johns Packaging Ltd. with an opportunity to replicate its business model in the world’s second biggest bread bag market.