South America Wicketed Bags Market is expected to reach US$ 64.83 million by 2028


PRESS RELEASE BY The Insight Partners 08 Sep 2021

Share this press on


Food Segment to Dominate SAM Wicketed Bags Market during 2020–2028

According to The Insight Partners market research study on “SAM Wicketed Bags Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 64.83 million by 2028 from US$ 50.62 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the SAM wicketed bags market along with the drivers and restraints pertaining to the market growth. Increasing demand for convenience and processed food is the major factor driving the growth of the SAM wicketed bags market. However, challenges in plastic bag recycling hinder the growth of SAM wicketed bags market.

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.

The market for wicketed bags market is segmented into type, application, and country. 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. Based on country, the SAM wicketed bags market is segmented into Brazil, Argentina, Rest of SAM. In 2020, the Rest of SAM held the largest share SAM wicketed bags market.

Berry Global Inc.; Bischof + Klein SE & Co. KG; Mondi; Sonoco Products Company; UFlex Limited are among the leading companies in the SAM 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.

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com 

Download Free PDF Brochure