Bizizz Market Research has recently published a research report, “Moisture Barrier Bags Market By Product Type (Static Shielding Moisture Barrier Bags, Foil Moisture Barrier Bags, Alufoil Moisture Barrier Bags, Vacuum Moisture Barrier Bags, High Barrier Bag and others), Material (Aluminum Foil, Plastic and Paper), Application (Pharmaceutical, Construction, Consumer goods, Electronics, Food industry, Chemical industry, Agriculture and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Moisture Barrier Bags Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 1.9 Bn by 2027, witnessing a CAGR of 4.6 % during the forecast period. Key drivers of the market are its ability to safeguard the products offered against corrosive damage caused by humidity, oxygen, light and airborne contamination and it allows companies to transport longer distances.
Customers prefer packaging materials that are attractive, convenient and eco-friendly in nature. Moisture Barrier Bags are made by high performance packaging materials utilized for protecting and preserving offerings. The main drivers increasing the market demand of moisture barrier bags in the market are its capability to protect extremities and its damage caused including humidity, oxygen, light and airborne contamination. The barrier property of moisture bags encourages businesses to distribute offerings to a greater distance conveniently. Different industries use these products to ensure products safety. Various sizes are available ranging from 4MM to 50kg bags utilized in packing different offerings including electrical chips, cement, etc.
The Moisture Barrier Bags market is anticipated to register a CAGR of over 4.6% during the forecast period.
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By Application, Electronics segment held a prominent share in Global Moisture Barrier Bags Market in 2018.
The usage of moisture barrier bags is significantly led by the electronics industry. Rapidly increasing consumer’s dissatisfaction in damaged electronic products caused by the moisture is the key driver for the growth of Moisture Barrier Bags. Despite of the electronics shipment are delivered or stored, these bags are hugely utilized for securing them against humidity, air contamination, pests and electrostatic discharge.
North America is Anticipated to Dominate the Global Moisture Barrier Bags Market during the Forecast Period.
The North America region accounted for a highest share of 33% of moisture barrier bags market. Productions of these bags in North America have created an attention of new businesses to invest for taping this market. Moreover, European market is anticipated to improve at a significant rate during the forecast period.
Global Moisture Barrier Bags market is competitive by the presence of number of local and global players. The organizations are also trying to compete in the market by investing in the research and development that shall increase availability of sustainable products.
Prominent players operating in the Global Moisture Barrier Bags Market are: Amcor Plc, SCG Packaging Public Company Ltd, ProAmpac LLC, Nordic Paper Holdings AB, Flexopack SA., Billerudkorsnas AB., IMPAK Corp, Protective Packaging Corporation, Advantek, Action Circuits (UK) Ltd, Dou Yee Enterprises (S), 3M, Suzhou Star New Material Co. Ltd, Z-Mar Technology Inc., Eurostat Group., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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