The wicket mailer envelopes and bags market share is projected to grow from US$ 1,876.78 million in 2022 to US$ 2,437.48 million by 2028; it is expected to grow at a CAGR of 4.5% from 2022 to 2028.
Wicket bags are stacked and held together on a thin metal bar (or wicket) that makes dispensing faster as well as easier. Using wicket bags helps in increasing productivity on production lines. The organization of bags on a metal wire wicket allows packaging task operators to transfer the product more efficiently from a packing table to a plastic bag, followed by a quick sealing process. Low-density polyethylene, high-density polyethylene, linear low-density polyethylene, polypropylene, and ethylene-vinyl acetate are among the plastics used for making wicket mailer envelopes and bags. Wicket mailer envelopes and bags are available in various sizes and styles for various applications. They are suitable for the packaging of food and non-food products, including food products, textiles, plastic injection molded parts, pharmaceuticals, and personal care products. Market players provide wicket bags complying with the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) specifications for food contact. The global wicket mailer envelopes and bags market is segmented based on material type, product type, end use, and geography.
The rising use of wicket bags in the retail industry is propelling the growth of the wicket mailer envelopes and bags market. Moreover, the growth of the e-commerce industry in various countries is creating a huge demand for wicket mailers and bags. However, challenges associated with the recycling of plastic wicket bags may hamper the wicket mailer envelopes and bags market growth.
In 2021, Asia Pacific held the largest revenue share of the global wicket mailer envelopes and bags market. the retail sector is growing rapidly in Asia Pacific. The growth of the online retail industry in Asia Pacific is attributed to the growing reach of smartphones, increasing number of logistics service providers for e-commerce players, and changing consumer behaviors due to the COVID-19 pandemic. Retailers are forming partnerships to enhance last-mile delivery solutions and supply chain automation, aiding profitability.
Further, growing population, rising disposable income, and overall economic growth fuel the demand for food products, pharmaceuticals, and personal care products in Asia Pacific, thereby favoring the wicket mailer envelopes and bags market growth. Further, key players operating in Asia Pacific are developing high-quality and innovative products through research & development, technological advancement, and other strategies to meet the customer's requirements.
LPS Industries LLC, Mondi Plc, Hanpak JSC, Euphoria Packaging LLP, PolyCover Ltd, Adsure Packaging Ltd., Zim's Bagging Co, BGR Inc, St. Johns Packaging Ltd, A-Pac Manufacturing Co Inc, Four Star Plastics Inc, PAC Worldwide Corp, Bischof + Klein SE & Co KG, UFlex Ltd, Coveris Management GmbH, and Maco Pkg are among the major players operating in the global wicket mailer envelopes and bags market. Market players continuously focus on strategies such as research and development investments and new product launches for offering high-quality and innovative products.
The size of the overall global wicket mailer envelopes and bags market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the wicket mailer envelopes and bags market.