Future Market Insights
Twin seal bags: Market Introduction
Global flexible packaging market has undergone significant changes over the past decade and creating opportunities for the manufacturers in product innovation and customization. Twin seal bags is one such flexible packaging solution used in various applications such as bakery, dry fruits, and nuts, snacks foods, frozen foods etc. The top and bottom of twin seal bags are joined by the hermetic seal. Twin seal bags are easy to manufacture, economical, easy to use and move etc. making them among the preferred choice of consumers. Twin seal bags have the printable surface which enables end users to use them as a means of enhancing their brand image. Twin seal bags provide barrier properties such as odour protection, protection from moisture for products such as bakery products, dry fruits, and nuts etc. Twin seal bags are manufactured from materials such as polypropylene (PP), Polyethylene (PE) etc. known to have high clarity, smooth finish. Twin seal bags act as a barrier that can resist oil and grease and temperature changes that may affect the product within.
Twin seal bags: Market Dynamics
Twin seal bags market is consumer driven, creating the need for absolute customization in terms of package design and formulations. The growth in number of supermarkets, hypermarkets, retail sectors has anticipated the meteoric growth of twin seal bags market. Twin seal bags market is growing on the backdrop of FMCG industry along with changing food consumption patterns. Furthermore, increasing consumer preference towards sustainable packaging have led to increase in market share of twin seal bags. Twin seal bags have excellent appeal for product display and offers consumers a convenient packaging solution such as easy to open, hook and, loop closure etc. Twin seal bags have moisture resistant properties keeping the inside product fresh and hygienic. In addition to barrier properties, twin seal bags are easily palletized which further helps in reduction in packing time and increases the efficiency of the end users.
Despite the favourable conditions for the growth of twin seal bags market, there are certain factors that hinder the growth like government stringent regulations against plastic use may hamper the market share of twin seal bags.
Twin seal bags: Market Segmentation
Twin seal bags has been segmented on the basis of material type, closure type, end-use type, and region.
On the basis of material type twin seal bags can be segmented as
On the basis of closure type, twin seal bags can be segmented as
Twin seal bags: Regional outlook
Twin seal bags market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to dominate the overall market over the forecast period due to changing eating habits such as fast food, snacks food etc. Asia Pacific is expected to show high growth opportunity over the forecast period due to the availability of low-cost labour and easy availability of raw materials. Europe is expected to show average CAGR over the forecast period due to strict government policies against the use of plastics. MEA region is expected to witness high CAGR expansion due to low-cost availability of crude oil.
Twin seal bags: Key Players
Some of the key players in the field of the twin seal bags market are Aropak Sdn Bhd, Bagpack Inc., Emerald Packaging, Inc., Safepak etc.
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