North America Wicketed Bags Market
North America Wicketed Bags Market is growing at a CAGR of 4.4% to reach US$ 265.59 million by 2028 from US$ 196.53 million in 2021 by Type and Application.

Published On: Sep 2021

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North America Wicketed Bags Market

Bottom Gusset Segment to Dominate North America Wicketed Bags Market during 2020–2028

According to a new market research study on “North America Wicketed Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 265.59 million by 2028 from US$ 196.53 million in2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the North America wicketed bags market along with the drivers and restraints pertaining to the market growth. Increasing demand for convenience and processed food is the major factor driving the growth of the North America wicketed bags market. However, challenges in plastic bag recycling hinder the growth of North America wicketed bags market.

The US reported the highest number of confirmed cases of COVID-19, followed by Mexico and Canada in North America. This is likely to influence the chemical & materials industry negatively in the region, placing constraints on the supply chain. However, there has been an increase in the sale of food products, pharmaceutical products, and other goods through online retailers during the pandemic and wicketed bags are used in the packaging of these products. Moreover, there is an increased need for bio-based wicketed bags in this region. All these factors are expected to boost the demand for wicketed bags, thereby supporting the growth of this market in the region.

The market for wicketed bags market is segmented into type, application, and country. Based on type, the North America wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share North America wicketed bags market. Based on application, the North America 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 North America wicketed bags market. Based on country, the North America wicketed bags market is segmented into US, Canada, and Mexico. In 2020, the US held the largest share North America wicketed bags market.

Berry Global Inc.; Bischof + Klein SE & Co. KG; LPS Industries; Maco PKG; Mondi; PAC Worldwide Corporation; Sonoco Products Company; St. Johns Packaging; UFlex Limited are among the leading companies in the North America 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, Mondi launched a new paper EcoWicketBag for Drylock Technologies’ baby diaper ranges, bringing sustainable paper-based packaging to the hygiene market worldwide. The EcoWicketBag can be placed in existing paper streams, even in nations with the strictest recycling regulations, promoting the circular economy. The EcoWicketBags are recyclable thereby replacing the traditional plastic packaging for diapers.

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