The gusseted bag market is expected to exhibit steady growth during the forecast period, with a projected compound annual growth rate (CAGR) of 2.8%. By the end of 2026, the market is estimated to generate sales of approximately US$26,008.8 million.
Gusseted bags are versatile packaging solutions that find extensive use in various food products, particularly for maintaining freshness. Initially popular for packaging tea and coffee, gusseted bags offer additional advantages such as space-saving capabilities, lightweight construction, and ease of handling.
The increasing demand for gusseted bags is primarily driven by their ability to prolong the freshness of products, enhanced visibility of printed materials on the bags, and sufficient storage capacity. These bags provide an effective barrier against external factors that can impact product quality.
Gusseted bags are gaining popularity across multiple industries due to their lightweight and convenient design. Manufacturers are also incorporating recyclable materials into the manufacturing processes of gusseted bags, aligning with the growing focus on sustainability and environmental concerns. Technological advancements have expanded the application of gusseted bags to include the storage of various items such as dry food, paint, fertilizers, and other goods.
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Handle gusseted bags, in particular, are experiencing increased popularity due to their low cost and ease of use. Many consumers prefer these bags as they offer convenient carrying options for their contents.
Overall, the gusseted bag market is poised for gradual growth, driven by factors such as the preservation of product freshness, visual appeal, sufficient storage capacity, lightweight design, use of recyclable materials, and affordability. The versatility and advantages offered by gusseted bags make them a preferred choice for packaging in various industries.
Key Highlights on the Global Gusseted Bags Market
The global gusseted bags market is segmented on the basis of thickness, application, material type, bag type, and region. Based on the bag type, the market is segmented into side gusseted and bottom gusseted. Among these, side gusseted bags are expected to witness the highest growth. Side gusseted bags are projected to bring in more than US$ 19,100 million revenue by the end of the forecast period.
On the basis of material type, the market is further segmented into paper, polypropylene, polyethylene, nylon, biodegradable plastics, and metal foil. Polyethylene is expected to be widely used material. By the end of 2026, polyethylene is projected to exceed US$ 6,200 million revenue.
Leading Companies Competing to Sustain in the Global Gusseted Bags Market
American Plastics Company, TekPak Solutions, PBFY Flexible Packaging, Pacific Bag Inc., International Plastic, Clear View Bag Company, Maco PKG, Associated Bags, ELKAY Plastics, Poly Pak Plastics, Altapac, Columbia Burlap & Bag Company, and United States Plastics Corp, are some of the leading companies in the global gusseted bags market.
Competitive Landscape
Top five companies operating in the global gusseted bags market account for nearly 12% of the overall revenue share in 2021, as per FMI.
Key players are focusing on expanding their offering of innovative product packaging solutions by adding novel products to gain competitive edge. Apart from this, some of the manufacturers are aiming at collaboration, merge, and acquisition with other players to strengthen its footprint in the market. For instance,
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- In July 2021, Crunch Pak, a U.S.-based fruit and vegetable processing company announced adding gusseted stand-up bags to its list of packaging solutions for packaging its new products such as Sweet Apple Slices. The bags are made of materials that maintains the product freshness and are available in 24 ounce and 14 ounce.
In January 2019, TricorBraun, an American designer and distributor of rigid packaging announced acquiring one of the largest independent U.S. distributors of flexible packaging solutions, Pacific Bag, LLC. The acquisition has assisted the company to expand its products portfolio by adding gusseted bags, flat pouches, stand-up bags, and other.
Key Players:
- United States Plastics Corp
- Columbia Burlap & Bag Company
- Altapac, Poly Pak Plastics
- ELKAY Plastics
- Associated Bags
- Maco PKG
- Clear View Bag Company
- International Plastic
- Pacific Bag Inc.
- PBFY Flexible Packaging
Gusseted bags are experiencing significant growth in various countries, driven by several factors:
- United States (U.S.): The U.S. gusseted bags market is projected to register the fastest growth in North America. This growth is primarily attributed to the rapidly expanding e-commerce industry in the country. Gusseted bags are increasingly used for safe delivery of packaged goods, and their excellent protective attributes make them suitable for this purpose. The market is also benefiting from advancements in gusseted bags, which are finding applications in packaging and storing various products such as paints, fertilizers, food grains, and dry food.
- United Kingdom (U.K.): The U.K. holds a significant share in the European gusseted bags market. The demand for gusseted bags in the U.K. is surging due to their increasing use as secondary packaging solutions for groceries, fruits, vegetables, and bakery products. Their ability to keep products fresh for a longer time and their attributes such as easy portability, lightweight, and cost-effectiveness have made them popular in the food and beverage industry.
- India: In India, the sales of gusseted bags are expected to rise at a rapid compound annual growth rate (CAGR). The country is witnessing a trend towards eco-friendly packaging solutions, leading food and beverage manufacturers to shift their focus to packaging materials made from biodegradable materials like paper. Furthermore, the implementation of regulations favoring environment-friendly packaging materials and the ban on single-use plastic as a secondary packaging solution by the Food Safety and Standards Authority of India are driving the sales of gusseted bags in the country. India’s growth in the gusseted bags market is expected to contribute significantly to the overall revenue share of the Asia Pacific excluding market.
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Gusseted Bags Market by Category
By Bag Type:
- Side Gusseted
- Bottom Gusseted
By Material Type:
- Paper
- Polypropylene
- Polyethylene
- Nylon
- Biodegradable Plastics
- Metal Foil
By Thickness:
- < 2 Mil
- 2 – 5 Mil
- > 5 Mil
By Application:
- Coffee & Tea Packaging
- Bakery Product Packaging
- Other Unprocessed F&B Packaging
- Dry Processed F&B Packaging
- Wet Processed F&B Packaging
- Pet Food Packaging
- Consumer Good Packaging
- Other Industrial Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
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