The wicket mailer envelopes and bags market size is projected to reach 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 bags that are held together on a thin metal bar (or wicket) that simplifies and accelerates their dispensing. Low-density polyethylene, high-density polyethylene, linear low-density polyethylene, polypropylene, and ethylene-vinyl acetate are a few of the plastics used for making wicket mailer envelopes and bags. These envelopes and bags are available in various sizes and styles for different applications. They are suitable for food and nonfood packaging needs, which include food products, textiles, plastic injection molded parts, pharmaceuticals, and personal care products. Companies provide wicket bags that meet Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) specifications for food contact.
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Wicket Mailer Envelopes and Bags Market: Strategic Insights
Market Size Value in US$ 1,876.78 Million in 2022 Market Size Value by US$ 2,437.48 Million by 2028 Growth rate CAGR of 4.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Wicket Mailer Envelopes and Bags Market: Strategic Insights
| Market Size Value in | US$ 1,876.78 Million in 2022 |
| Market Size Value by | US$ 2,437.48 Million by 2028 |
| Growth rate | CAGR of 4.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Wicket Mailer Envelopes and Bags Market
In 2020, various industries had to slow down their operations due to disruptions in value and supply chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic adversely affected economies and industries due to lockdowns, travel bans, and business shutdowns. Disruptions in the supply chains of key raw materials and irregularities in manufacturing processes due to restrictions imposed by government authorities had a direct impact on the consumer goods industry, which hampered packaging materials production and demand. Despite a decline in demand for certain types of packaging, the need for packaging suitable for e-commerce shipments surged in 2020 and 2021. This can be attributed to a rise in online purchases of consumer goods and significant measures taken by governments of various countries.
Global Wicket Mailer Envelopes and Bags Market Breakdown – by Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rising Use of Wicket Bags in Retail Industry Fuels Market Growth
The buying behavior of people is changing rapidly with changes in the lifestyles of people, which impacts their preferences of buying channels. This factor is driving the organized retail sector growth. Moreover, many developing countries are making significant investments to modernize their retail infrastructure to be able to meet the changing requirements of consumers. According to the Global Power of Retailing 2021 report, the retail revenue of top 250 retailers, including Walmart, Amazon.com, Costco, and Kroger, accounted for US$ 5.1 trillion in 2020. According to the National Retail Federation, the number of store openings in the US in 2021 was more than double the number of announcements made for store shutdowns.
Wicket bags are extensively used for the packaging of food and beverage items, pharmaceutical products, personal care products, and apparel. These bags are also utilized for packaging fresh food items such as fruits, vegetables, meat, and seafood while keeping the products fresh and shelf stable. Wicket bags are strong, durable, and lightweight, and protect the products from damages caused during handling, transportation, and warehousing. Thus, the rising use of wicket bags in the retail industry significantly drives the growth of the wicket mailer envelopes and bags market
Material Type Insights
Based on material type, the wicket mailer envelopes and bags market is segmented into plastic and paper. The plastic segment held a larger share of the market in 2021. Plastic wicket mailer envelopes and bags are cost-effective and convenient solutions. Plastic wicket bags are used in several packaging applications, including food products, textile products, pharmaceuticals, plastic injection molded parts, and medical supplies. Plastic wicket mailer envelopes and bags are available in various shapes, sizes, and thickness levels.
Wicket Mailer Envelopes and Bags Market, by Material Type– 2021 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Product Type Insights
Based on product type, the wicket mailer envelopes and bags market is segmented into poly wicket bags, paper wicket bags, poly wicket mailers, and paper wicket mailers. The poly wicket bags segment held the largest share of the market in 2021. Poly wicket bags are plastic bags that are neatly stacked on a wicket wire. These bags contribute to the improved efficiency of packaging operations by reducing handling time and increasing production, packaging, and shipping rates. They are ideal for automated, semiautomated, or manual packaging lines. Players operating in the wicket mailer envelopes and bags market provide poly wicket bags that are certified by the FDA and USDA. These bags are available in customizable sizes, colors, and materials.
The key players operating in the wicket mailer envelopes and bags market include 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, among others. These players focus on providing high-quality products to fulfill customer demands. They are also focusing on strategies such as investments in research and development activities and new product launches.
Report Spotlights
- Progressive industry trends in the wicket mailer envelopes and bags market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the wicket mailer envelopes and bags market from 2020 to 2028
- Estimation of global demand for wicket mailer envelopes and bags
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers of wicket mailer envelopes and bags
- Recent developments to understand the competitive market scenario
- Market trend and outlook, factors driving and restraining the wicket mailer envelopes and bags market growth
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the wicket mailer envelopes and bags market size at various nodes
- Detailed overview and segmentation of the market, as well as the wicket mailer envelopes and bags industry dynamics
- Size of the wicket mailer envelopes and bags market in various regions with promising growth opportunities
Company Profiles
- 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
- Maco Pkg
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type, Product Type, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global wicket mailer envelopes and bags market are 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.
The growing adoption of E-commerce in developing countries has aided the market growth of wicket mailer envelopes and bags. Consumers increasingly prefer online shopping over traditional shopping as e-commerce platforms offer an enhanced shopping experience. Using e-commerce platforms, consumers can virtually shop an array of products ranging from grocery, apparel, medicines, jewelry, and footwear to stationery items of different brands. Moreover, these platforms offer attractive discounts and offers.
Based on material type, plastic segment accounted for the largest revenue share. Plastic is one of the major materials used in the manufacturing of wicket mailer envelopes and bags. Low-density polyethylene, high-density polyethylene, linear low-density polyethylene, polypropylene, and ethylene-vinyl acetate are a few of the plastic materials used for the manufacturing of wicket mailer envelopes and bags. Such bags are a cost-effective and convenient option for many different industries.
Asia Pacific accounted for the largest share of the global wicket mailer envelopes and bags market. The growing population, rising disposable income of consumers, and economic growth of the region fuel the demand for food products, pharmaceuticals, and personal care products, thereby driving the market growth in the region. Further, the retail sector is growing rapidly in Asia Pacific. The growth of the online retail industry in Asia Pacific is attributed to the growing smartphone penetration, increasing logistics options for e-commerce players, and changing consumption behaviors of consumers due to the COVID-19 pandemic.
Based on the product type, poly wicket bags segment is projected to grow at the fastest CAGR over the forecast period. Poly wicket bags are plastic bags that are neatly stacked on a wicket wire. These wicket bags increase the efficiency of packaging operations by reducing handling time and increasing the rate of producing, packaging, and shipping products. They are ideal for automated, semi-automated, or manual packaging lines.
Rising use of wicket bags in retail industry is driving the wicket mailer envelopes and bags market. The global retail industry is growing at a significant pace due to growing middle class population, rising purchasing power of consumers, increasing demand for various consumer goods, and growth of organized retail sector. The lifestyle of people is changing rapidly which is influencing their buying behavior which impacts their channel preferences and how and where they shop. These factors are driving the organized retail sector.
The List of Companies - Wicket Mailer Envelopes and Bags Market
- 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
- Maco Pkg
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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