The latest report by Future Market Insights projects a gradual growth for the worldwide gusseted bag market. Over the course of the projected period, the market is expected to increase at a CAGR of 2.8%. The gusseted bag market is projected to produce sales of US$26,008,8 million by the end of 2026.
One of the most versatile types of packaging is gusseted bags. Gusseted bags were formerly only used to package tea and coffee, but due to their long-lasting ability to keep food fresh, they are now routinely used to package a range of food commodities. Gusseted bags are also lightweight, easy to handle, and take up less space.
Among other significant factors that are driving demand for gusseted bags are the fact that the products wrapped in them frequently remain fresh for an extended period of time, it aids in the visual clarity of the printed material on the bags, and it also offers plenty of space for storage.
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Gusseted bags are becoming more and more common in a variety of industries because to their lightweight and convenient design. Gusseted bag producers also use recyclable raw materials while creating gusseted bags. Gusseted bags are now widely used to store dry food, paint, and fertiliser thanks to technological advancements. Additionally, handle gusseted bags are becoming more popular because they are inexpensive and simple to use.
Key Highlights on the Global Gusseted Bags Market
The global gusseted bags market is segmented on the basis of thickness, application, material type, bag type, and region. Based on the bag type, the market is segmented into side gusseted and bottom gusseted. Among these, side gusseted bags are expected to witness the highest growth. Side gusseted bags are projected to bring in more than US$ 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.
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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,
- 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
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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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