Wicketed Bags Market Size, Trends and Growth Analysis by 2027

The market for wicketed bags was valued at approximately US$ 751.91 million in 2020 and is anticipated to grow to US$ 1,045.62 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.

Wicketed bags are designed to be held together on a thin metal bar known as a wicket, which facilitates the easy dispensing of bags for various packaging needs. These bags not only enhance the visual appeal of products but also improve the efficiency of product dispensing while providing robust packaging solutions. They are widely used for packaging a variety of items, including bakery goods, fruits, ice, vegetables, baby diapers, meat, and feminine hygiene products. The popularity of wicketed bags across numerous industries can be attributed to their advantageous properties, such as high tear resistance, tensile strength, transparency, eco-friendliness, and durability.

The market for wicketed bags is categorized based on application into several segments: food, pharmaceuticals, personal care and cosmetics, industrial goods, and others. Among these, the food segment is expected to lead the market throughout the forecast period. Wicketed bags are particularly prevalent in the packaging of processed and convenience foods, as well as agricultural products like fruits and vegetables. The rising demand for sustainable and recyclable packaging solutions from food and beverage manufacturers is likely to drive growth in the food segment of the wicketed bags market. Additionally, the expansion of the foodservice industry globally is projected to further increase the demand for these bags, as they are essential for storing and transporting various goods. The personal care and cosmetics segment is also expected to experience significant growth, with the highest CAGR during the forecast period. Wicketed bags are commonly used for packaging items such as baby diapers, sanitary towels, cotton swabs, and other feminine hygiene products, and the growth of the personal care and cosmetics sector is expected to boost the demand for wicketed bags.

Geographically, the wicketed bags market is divided into regions including North America, Europe, Asia Pacific (APAC), South America (SAM), and the Middle East & Africa (MEA). In 2020, APAC held the largest market share and is projected to achieve the highest CAGR during the forecast period. The APAC region encompasses several key economies, including China, India, Japan, South Korea, Australia, and others. Factors such as a growing population, increasing disposable income, and favorable economic conditions are driving the demand for food, pharmaceuticals, and personal care products, thereby fostering the growth of the wicketed bags market in this region.

The COVID-19 pandemic has significantly impacted the plastic industry and has also affected the growth trajectory of the wicketed bags market. The outbreak has disrupted operational efficiencies and value chains due to the abrupt closure of borders, leading to revenue losses and operational challenges. This disruption has negatively influenced the supply of raw materials, which in turn affects the growth of the wicketed bags market. However, as economies begin to recover and resume operations, the demand for wicketed bags is expected to increase globally. The packaging industry is a key driver of this demand, particularly as consumers increasingly order food and other products online. Furthermore, the food and pharmaceutical sectors are likely to present growth opportunities for the market, given the high usage of wicketed bags in packaging food items, personal hygiene products, and pharmaceuticals. Corporate sectors are also adapting to the new normal by implementing safety measures, such as minimizing direct contact, enhancing hygiene practices, conducting thorough sanitization, and reducing personnel interactions during shift changes.

Key players in the global wicketed bags market include St. Johns Packaging, Berry Global Inc., Bischof + Klein SE & Co. KG, Mondi, LPS Industries, PAC Worldwide Corporation, UFlex Limited, Coveris, Maco PKG., and Sonoco Products Company. These established companies are actively involved in the market and contribute to its growth.

The overall size of the global wicketed bags market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the findings and gain deeper insights. Participants included industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the wicketed bags market.