Bottom Gusset Segment to Dominate MEA Wicketed Bags Market during 2020–2028
According to The Insight Partners market research study on “MEA Wicketed Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 46.53 million by 2028 from US$ 38.17 million in 2021. The market is estimated to grow at a CAGR of 2.9% from 2021 to 2028. The report provides trends prevailing in the MEA wicketed bags market along with the drivers and restraints pertaining to the market growth. Rising demand for convenience and processed food is the major factor driving the growth of the MEA wicketed bags market. However, challenges in plastic bag recycling hinder the growth of MEA wicketed bags market.
Saudi Arabia reported the highest number of COVID-19 cases in the Middle East & Africa region, followed by Turkey and the UAE. Due to the lockdown in the Middle Eastern and African countries, various chemicals & materials companies remained closed, which led to the reduction in the sale of various products, thereby negatively impacting the market for overall wicketed bags in the region. The growing focus on using biodegradable plastic bags has raised the demand for bioplastic wicketed bags in the region, which is expected to support the growth of the market.
The market for wicketed bags market is segmented into type, application, and country. Based on type, the MEA wicketed bags market is segmented into loose flap, bottom gusset, side gusset, and others. In 2020, the bottom gusset segment held the largest share MEA wicketed bags market. Based on application, the MEA 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 MEA wicketed bags market. Based on country, the MEA wicketed bags market is segmented into South Africa, Saudi Arabia, UAE, Rest of MEA. In 2020, the Rest of MEA held the largest share MEA wicketed bags market.
Berry Global Inc.; Bischof + Klein SE & Co. KG; Coveris; Mondi; UFlex Limited are among the leading companies in the MEA 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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