As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Desiccant Bags market is expected to grow at a healthy CAGR during the forecast period (2017-2027). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of the Desiccant Bags Market in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Desiccant Bags
With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.
In accordance to this, numerous packaging companies are shifting their focus of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, the introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Desiccant Bags market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Desiccant Bags Market Takeaways and Projections
- The U.S. is expected to lead the North America Desiccant Bags market, projecting the fastest growth in the region between 2017 and 2027
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2027.
Report Benefits & Key Questions Answered
- Desiccant Bags Historical Market Analysis: The detailed survey by FMI, examines key factors in the Desiccant Bags market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Desiccant Bags market for the forecast period 2017-2027.
- Desiccant Bags Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Desiccant Bags for the assessment period. As per the study, the demand for Desiccant Bags will grow at a robust CAGR between 2017 and 2027.
- Desiccant Bags Market Trend Analysis: The latest study by FMI on the Desiccant Bags market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Desiccant Bags market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Desiccant Bags – Market Segmentation
Globally, the desiccant bags market can be segmented on the basis of desiccant material type, on the basis of capacity, on the basis of desiccant range, and on the basis of application.
- On the basis of desiccant material type, the desiccant bags are filled with different desiccant materials such as Silica gel, Calcium oxide, and Calcium sulphate.
- On the basis of the capacity, desiccant bags are packed in a various capacity range less than 20 grams, 20 to 100 grams, 100 to 200 grams, 200 to 500 grams, 500 to 1000 grams and above 1000 grams.
- On the basis of the application, desiccant bags are used in various applications such as food, electronics, shipping, military, and pharmaceutical packaging
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Desiccant Bags Market – Regional Outlook
Globally, the desiccant bags market has been divided into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA) and Japan. Among these, the Asia-Pacific and European region are collectively supposed to dominate the desiccant bags market in terms of volume and value because of the increase in demand towards the product quality and shelf life.
Among these Asia Pacific and North America are the major drivers of the desiccant bags market and owing to high demand from food, pharmaceuticals, military, sea cargo shipping and electronics industry.
Key Players:
Some of the key players of the Desiccant Bags market are Uline Inc., Tropack Packmittel GmbH, Desicco Pty Ltd., E. I. du Pont de Nemours and Company, Samauel Grant Packaging, Fuji Silysia Chemical Ltd., Desiccare, Inc. and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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