South America Wicketed Bags Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Loose Flap, Bottom Gusset, Side Gusset, and Others) and Application (Food, Pharmaceuticals, Personal Care and Cosmetic Products, Industrial Goods, and Others)
Market Introduction
South America includes countries, including Brazil, Argentina, and the rest of SAM. South America is another region contributing to the growth of wicketed bags. The wicketed bags market in South America is primarily driven by its high use by the end-use industries. Also, the various benefits offered by wicketed bags are anticipated to propel the market growth in the region. Wicketed bags offers maximum product shelf life, maximum transparency, perfect packaging performance, and recyclable PE substrates. Also, these provide tailor-made solutions based on customer’s needs and are convenient, ready-for-use, and clean and safe owing to excellent quality controls. These find applications in food, garden, agricultural produce, home & personal care such as diapers, feminine hygiene products, paper towels or toilet paper, and household and cleaning wipes, pharmaceutical and others. Moreover, South America encompasses several opportunities for wicketed bags, but the industries are less developed in comparison to other regions. The increase in population and continuous advancement in the end-use industries such as food, pharmaceuticals, personal care, and others have had a positive impact on the economy of Brazil and Argentina that has advanced to a large extent. The rising potential for wicketed bags in the end-use industries, along with the growth in the end-use industries, is primarily contributing to the market growth in South America. The consolidation of the e-commerce sector in the region is expected to increase the demand for flexible packaging. The recent innovations have also made these packages eco-friendly and sustainable. Consumers in South America are preferring eco-friendly and sustainable flexible paper packaging compared to plastic packaging, which poses a significant threat to the environment. As the demand for packaging increase, the demand for wicketed bags increase as well. Further, SAM has a nascent share, but with the increasing presence of global and local market players, coupled with increasing research & development activities by these market players are anticipated to drive the wicketed bags market in the region. The rise in investment in research & development activities, along with technological innovation related to wicketed bags, is propelling the growth of the market in the region.
In South America, Brazil recorded the highest number of COVID-19 cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in South America have taken several actions to protect their people and contain the spread of COVID-19. It is presumed that South America will face lower export revenues, both from a drop in commodity prices and a reduction in export volumes, especially to China, Europe, and the US, which are essential trade partners. Containment measures in different countries of South America are likely to reduce economic activity in the chemicals & materials sector for at least the next quarter, with a rebound once the pandemic is contained.
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Market Overview and Dynamics
The wicketed bags market in SAM is expected to grow from US$ 50.62 million in 2021 to US$ 64.83 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. Growing application in personal care and hygiene products; everyday hygiene products are purchased and consumed in large quantities. Diapers for babies and adults, toilet and kitchen tissues, and female hygiene products are all wrapped in plastic. For packaging these products, wicketed bags are highly utilized. With the high sale of hygienic products, increasing demand for wicketed bags can be noticed, which further brings in new opportunities for this market to grow. Several manufacturers are nowadays offering novel products under this category. The company also ensures that hygiene products remain clean with wicketed bags. Bischof + Klein SE & Co. KG is another company that offers lavishly printed film packaging—produced from mono and highly thin coex polyethylene up to five layers—in the form of wicketed bags with a width of up to 840 mm and height of up to 925 mm. The company attempts to meet consumers' maximum convenience necessities via diverse carrying handles (including printed versions), resealing options, handle contours, dust flaps, diverse (opening) perforations, and punching (e.g., Euro perforation), and also ensures the hygiene of products. This is bolstering the growth of the wicketed bags market.
Key Market Segments
Based on type, the SAM wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share SAM wicketed bags market. Based on application, the SAM 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 SAM 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the Berry Global Inc.; Bischof + Klein SE & Co. KG; Mondi; Sonoco Products Company; UFlex Limited are among others.
Reasons to buy report
- To understand the SAM wicketed bags market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM wicketed bags market
- Efficiently plan M&A and partnership deals in SAM wicketed bags market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM wicketed bags market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM 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
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Berry Global Inc.
- Bischof + Klein SE & Co. KG
- Mondi
- Sonoco Products Company
- UFlex Limited
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. SAM Wicketed Bags Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Expert Opinion
5. SAM Wicketed Bags Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Convenience and Processed Food
5.1.2 Growing Demand for Flexible Packaging
5.2 Market Restraints
5.2.1 Challenges in Plastic Bag Recycling
5.3 Market Opportunities
5.3.1 Growing Application in Personal Care and Hygiene Products
5.4 Future Trends
5.4.1 Rising Demand for Bio-Based Packaging
5.5 Impact Analysis
6. Wicketed Bags – SAM Market Analysis
6.1 SAM Wicketed Bags Market Overview
6.2 SAM Wicketed Bags Market – Revenue Forecasts to 2028 (US$ Mn)
7. SAM Wicketed Bags Market Analysis – By Type
7.1 Overview
7.2 SAM Wicketed Bags Market, By Type (2020 and 2028)
7.3 Loose Flap
7.3.1 Overview
7.3.2 Loose Flap: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Bottom Gusset
7.4.1 Overview
7.4.2 Bottom Gusset: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Side Gusset
7.5.1 Overview
7.5.2 Side Gusset: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Others
7.6.1 Overview
7.6.2 Others: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
8. SAM Wicketed Bags Market Analysis – By Application
8.1 Overview
8.2 SAM Wicketed Bags Market, By Application (2020 and 2028)
8.3 Food
8.3.1 Overview
8.3.2 Food: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Pharmaceutical
8.4.1 Overview
8.4.2 Pharmaceutical: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Personal Care and Cosmetic Products
8.5.1 Overview
8.5.2 Personal Care and Cosmetic Products: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Industrial Goods
8.6.1 Overview
8.6.2 Industrial Goods: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: SAM Wicketed Bags Market – Revenue and Forecast to 2028 (US$ Mn)
9. SAM Wicketed Bags Market – Country Analysis
9.1 Overview
9.1.1 South America: Wicketed Bags Market, by Key Country
9.1.1.1 Brazil: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 Brazil: Wicketed Bags Market, by Type
9.1.1.1.2 Brazil: Wicketed Bags Market, by Application
9.1.1.2 Argentina: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 Argentina: Wicketed Bags Market, by Type
9.1.1.2.2 Argentina: Wicketed Bags Market, by Application
9.1.1.3 Rest of South America: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 Rest of South America: Wicketed Bags Market, by Type
9.1.1.3.2 Rest of South America: Wicketed Bags Market, by Application
10. Impact COVID-19 Pandemic on SAM Wicketed Bags Market
10.1 Impact of COVID-19 on Wicketed Bags Market
10.2 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product Launch
11.2 Merger and Acquisition
11.3 Strategy and Business Planning
12. Company Profiles
12.1 Berry Global Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bischof + Klein SE & Co. KG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Mondi
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 UFlex Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sonoco Products Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. SAM Wicketed Bags Market –Revenue Forecast to 2028 (US$ Mn)
Table 2. Brazil Wicketed Bags Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Wicketed Bags Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Argentina Wicketed Bags Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Wicketed Bags Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Rest of SAM Wicketed Bags Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of SAM Wicketed Bags Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of terms, Wicketed Bags Market
LIST OF FIGURES
Figure 1. SAM Wicketed Bags Market Segmentation
Figure 2. SAM Wicketed Bags Market Segmentation – By Country
Figure 3. SAM Wicketed Bags Market Overview
Figure 4. Food Segment Held Largest Share of SAM Wicketed Bags Market
Figure 5. Rest of SAM Region Held Largest Share of SAM Wicketed Bags Market
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. SAM Wicketed Bags Market Impact Analysis of Driver and Restraints
Figure 9. SAM: Wicketed Bags Market – Revenue Forecast to 2028 (US$ Mn)
Figure 10. SAM Wicketed Bags Market Revenue Share, By Type (2020 and 2028)
Figure 11. Loose Flap: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. Bottom Gusset: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Side Gusset: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Others: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. SAM Wicketed Bags Market Revenue Share, By Application (2020 and 2028)
Figure 16. Food: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Pharmaceutical: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Personal Care and Cosmetic Products: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Industrial Goods: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Others: SAM Wicketed Bags Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. South America: Wicketed Bags Market – Revenue by Country to 2028 (US$ Mn)
Figure 22. South America: Wicketed Bags Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Argentina: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Rest of South America: Wicketed Bags Market –Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Impact of COVID-19 Pandemic in South America Country Markets
- Berry Global Inc.
- Bischof + Klein SE & Co. KG
- Mondi
- Sonoco Products Company
- UFlex Limited
- To understand the SAM wicketed bags market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM wicketed bags market
- Efficiently plan M&A and partnership deals in SAM wicketed bags market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM wicketed bags market
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.