Europe Wicketed Bags Market

Market Introduction

The market for the Europe region includes Germany, France, Italy, the UK, Russia, and the rest of Europe. Economically strong countries such as the UK, Germany, and the rest of Europe have been witnessing significant growth in the wicketed bags market. This growth of this market is attributable to the rising application of wicketed bags in food, pharmaceuticals, personal care and cosmetic products, industrial goods, and others. Wicketed bags have been used for packaging an extensive range of products. Some applications include packaging baked goods such as bread or buns; packaging produce such as potatoes, apples, or oranges, packaging hosiery and garments, and utilizing them for small mechanical components and ice cubes. Also, these bags give benefits such as maximum product shelf life, maximum transparency, perfect packaging performance, and recyclable PE substrates. Thus, the increasing demand of wicketed bags from end-use industries is anticipated to bolster the market in Europe. The major companies operating in the region are Coveris, Sonoco Products Company, St. Johns Packaging, Mondi, PAC Worldwide Corporation, and others. The major players operating in the European wicketed bags market are focused on new and improved product offerings so that they could meet the demand of the end-use industries in the market, which is further expected to boost the market growth. Also, the companies are focusing on merger & acquisition, partnerships, and expansions to expand their footprint across Europe and to fulfill the growing demand of the wicketed bags. For instance, St. Johns Packaging announced the purchase of a Comexi Nexus Dual laminator, recently installed at its Ilkeston, Derbyshire plant in Q1 2021. St. Johns Packaging is expanding and investing in the UK market, understanding the market need for high-quality materials produced domestically, lessening Brexit risks, giving short lead times, and promoting economically viable sustainable packaging solutions. The Ilkeston site is already equipped with the production of printed material up to 10- colors and wicket bags in various shapes and formats. This addition signifies an essential step towards the expansion plans of St. Johns Packaging in the UK bakery 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.

Market Overview and Dynamics

The wicketed bags market in Europe is expected to grow from US$ 173.11 million in 2021 to US$ 216.97 million by 2028; it is estimated to grow at a CAGR of 3.3% from 2021 to 2028. Growing demand for bio-based packaging; biodegradable and compostable products produced using resins from renewable materials, including corn, potato, or other starches, are the best alternatives to avoid landfills. The shift of utilizing bio-based materials to produce wicketed bags is creating a new outlook in the market. Companies operating in the wicketed bags market are focusing on innovations to boost their credibility credentials. Many manufacturers have already launched sustainable wicketed bags, yet the rest of the players are exploring extensively to meet sustainability needs. Manufacturers such as International Plastics Inc. & Friesen Plastics Inc. are offering eco-friendly wicketed bags made with FDA-approved virgin raw materials by adding the Global Food Safety Initiative (GSFI) benchmarking along with the compliant with AQMD standards. These bags are available for the packaging of hygiene products. Consumers have also become conscious about growing plastic waste in the environment and are adopting products with bio-packaging. This is bolstering the growth of the wicketed bags market.

Key Market Segments

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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the wicketed bags market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report Berry Global Inc.; Bischof + Klein SE & Co. KG; Coveris; Mondi; PAC Worldwide Corporation; Sonoco Products Company; St. Johns Packaging; UFlex Limited are among others.

Reasons to buy report

• To understand the Europe wicketed bags market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe wicketed bags market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE WICKETED BAGS MARKET SEGMENTATION

By Type

• Loose Flap
• Bottom Gusset
• Side Gusset
• Others

By Application

• Food
• Pharmaceuticals
• Personal Care and Cosmetic Products
• Industrial Goods
• Others

By Country

• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe

Company Profiles

• Berry Global Inc.
• Bischof + Klein SE & Co. KG
• Coveris
• Mondi
• PAC Worldwide Corporation
• Sonoco Products Company
• St. Johns Packaging
• UFlex Limited

Europe Wicketed Bags Market Strategic Insights

Europe Wicketed Bags Market Segmentation Analysis

Europe Wicketed Bags Market Report Highlights

Europe Wicketed Bags Report Scope

Europe Wicketed Bags Market Country and Regional Insights