By 2022 and 2032, the market for anti-corrosion bags is expected to be worth US$ 13.8 billion and US$ 16.3 billion, respectively. It is anticipated to experience strong growth between 2022 and 2032, with a CAGR of 7.1%. In the upcoming years, the demand for anti-corrosion bags is expected to increase due to the urgent requirement for metallic components in the aerospace and military industries to be protected from rust or corrosion. Anti-corrosion bags provide reliable and effective protection from corrosion.
For the majority of materials, including alloys made of lead, magnesium, zinc, and cadmium, these are quite effective. As a result, they are becoming incredibly popular all over the world for shielding metal surfaces from rust.
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Market Competition
Some of the prominent anti-corrosion bags manufacturers operating in the global market are
- Gulmohar Pack-Tech India Pvt. Ltd.,
- Northern Technologies International Corporation (NTIC),
- Smurfit Kappa,
- H L Saw Mill,
- NEFAB Group,
- Acme Packaging,
- Modi Polyfab Pvt Ltd.,
- Pontus Pack Private Limited,
- Metpro Group,
- Suprabha,
- AGM Container Controls, Inc.,
Benz Packaging, Cortec Corporation, Daubert Cromwell, Inc., Safepack Industries Ltd., Intertape Polymer Group, Sealed Air, Rose Plastic AG, and EMBALEX, S.L.U. among others.
Majority of the key players present in the global market are increasingly focusing on offering protective packaging solutions to consumers and retailers worldwide. They are mainly targeting industries, such as metallic instruments, automotive components, and machinery to offer their in-house products. Meanwhile, a few other companies are aiming to engage in joint venture programs, as well as expanding their existing portfolios to compete in this market.
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Why is Europe Emerging as an Opportunistic Anti-corrosion Bags Market?
Europe is anticipated to remain at the forefront in the assessment period by generating the largest anti-corrosion bags market share. This growth is attributable to the presence of numerous well-established industries, such as food and beverages, building and construction, and automotive in the region.
As per the European Commission (EU), the region is considered to be the biggest producer of motor vehicles in the world. Its automotive sector provides indirect and direct jobs to nearly 13.8 million Europeans, which represents around 6.1% of the total employment in the EU. This trend is likely to continue throughout the forthcoming years, thereby propelling the market across Europe.
Key Segments Profiled in the Anti-corrosion Bags Industry Survey
By Product Type:
- Zipper Bags
- Flat Bags
- Gusseted Bags
- Other Customized Bags
By Layer Type:
- Mono-layer
- Multi-layer
By Application:
- Households
- Building and Construction
- Consumer Goods
- Electronics and Electrical
- Automotive
- Pharmaceuticals and Medical Devices
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Impact of Covid-19
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