The wicket mailer envelopes and bags market size is projected to reach US$ 2,437.48 million by 2028; it is expected to grow at a CAGR of 4.5% from 2022 to 2028.
Wicket bags are stacked bags that are held together on a thin metal bar (or wicket) that simplifies and accelerates their dispensing. Low-density polyethylene, high-density polyethylene, linear low-density polyethylene, polypropylene, and ethylene-vinyl acetate are a few of the plastics used for making wicket mailer envelopes and bags. These envelopes and bags are available in various sizes and styles for different applications. They are suitable for food and nonfood packaging needs, which include food products, textiles, plastic injection molded parts, pharmaceuticals, and personal care products. Companies provide wicket bags that meet Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) specifications for food contact.
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Wicket Mailer Envelopes and Bags Market: Strategic Insights
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Wicket Mailer Envelopes and Bags Market: Strategic Insights
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Impact of COVID-19 Pandemic on Wicket Mailer Envelopes and Bags Market
In 2020, various industries had to slow down their operations due to disruptions in value and supply chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic adversely affected economies and industries due to lockdowns, travel bans, and business shutdowns. Disruptions in the supply chains of key raw materials and irregularities in manufacturing processes due to restrictions imposed by government authorities had a direct impact on the consumer goods industry, which hampered packaging materials production and demand. Despite a decline in demand for certain types of packaging, the need for packaging suitable for e-commerce shipments surged in 2020 and 2021. This can be attributed to a rise in online purchases of consumer goods and significant measures taken by governments of various countries.
Market Insights
Rising Use of Wicket Bags in Retail Industry Fuels Market Growth
The buying behavior of people is changing rapidly with changes in the lifestyles of people, which impacts their preferences of buying channels. This factor is driving the organized retail sector growth. Moreover, many developing countries are making significant investments to modernize their retail infrastructure to be able to meet the changing requirements of consumers. According to the Global Power of Retailing 2021 report, the retail revenue of top 250 retailers, including Walmart, Amazon.com, Costco, and Kroger, accounted for US$ 5.1 trillion in 2020. According to the National Retail Federation, the number of store openings in the US in 2021 was more than double the number of announcements made for store shutdowns.
Wicket bags are extensively used for the packaging of food and beverage items, pharmaceutical products, personal care products, and apparel. These bags are also utilized for packaging fresh food items such as fruits, vegetables, meat, and seafood while keeping the products fresh and shelf stable. Wicket bags are strong, durable, and lightweight, and protect the products from damages caused during handling, transportation, and warehousing. Thus, the rising use of wicket bags in the retail industry significantly drives the growth of the wicket mailer envelopes and bags market
Material Type Insights
Based on material type, the wicket mailer envelopes and bags market is segmented into plastic and paper. The plastic segment held a larger share of the market in 2021. Plastic wicket mailer envelopes and bags are cost-effective and convenient solutions. Plastic wicket bags are used in several packaging applications, including food products, textile products, pharmaceuticals, plastic injection molded parts, and medical supplies. Plastic wicket mailer envelopes and bags are available in various shapes, sizes, and thickness levels.
Product Type Insights
Based on product type, the wicket mailer envelopes and bags market is segmented into poly wicket bags, paper wicket bags, poly wicket mailers, and paper wicket mailers. The poly wicket bags segment held the largest share of the market in 2021. Poly wicket bags are plastic bags that are neatly stacked on a wicket wire. These bags contribute to the improved efficiency of packaging operations by reducing handling time and increasing production, packaging, and shipping rates. They are ideal for automated, semiautomated, or manual packaging lines. Players operating in the wicket mailer envelopes and bags market provide poly wicket bags that are certified by the FDA and USDA. These bags are available in customizable sizes, colors, and materials.
The key players operating in the wicket mailer envelopes and bags market include LPS Industries LLC, Mondi Plc, Hanpak JSC, Euphoria Packaging LLP, PolyCover Ltd, Adsure Packaging Ltd, Zim's Bagging Co, BGR Inc, St. Johns Packaging Ltd, A-Pac Manufacturing Co Inc, Four Star Plastics Inc, PAC Worldwide Corp, Bischof + Klein SE & Co KG, UFlex Ltd, Coveris Management GmbH, and Maco Pkg, among others. These players focus on providing high-quality products to fulfill customer demands. They are also focusing on strategies such as investments in research and development activities and new product launches.
Wicket Mailer Envelopes and Bags Market Regional Insights
Wicket Mailer Envelopes and Bags Market Regional Insights
The regional trends and factors influencing the Wicket Mailer Envelopes and Bags Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Wicket Mailer Envelopes and Bags Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Wicket Mailer Envelopes and Bags Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1.88 Billion |
| Market Size by 2028 | US$ 2.44 Billion |
| Global CAGR (2022 - 2028) | 4.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Wicket Mailer Envelopes and Bags Market Players Density: Understanding Its Impact on Business Dynamics
The Wicket Mailer Envelopes and Bags Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Wicket Mailer Envelopes and Bags Market are:
- LPS Industries LLC
- Mondi Plc
- Hanpak JSC
- Euphoria Packaging LLP
- PolyCover Ltd.
Disclaimer: The companies listed above are not ranked in any particular order.
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Report Spotlights
- Progressive industry trends in the wicket mailer envelopes and bags market to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the wicket mailer envelopes and bags market from 2020 to 2028
- Estimation of global demand for wicket mailer envelopes and bags
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers of wicket mailer envelopes and bags
- Recent developments to understand the competitive market scenario
- Market trend and outlook, factors driving and restraining the wicket mailer envelopes and bags market growth
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- The size of the wicket mailer envelopes and bags market size at various nodes
- Detailed overview and segmentation of the market, as well as the wicket mailer envelopes and bags industry dynamics
- Size of the wicket mailer envelopes and bags market in various regions with promising growth opportunities
Company Profiles
- LPS Industries LLC
- Mondi Plc
- Hanpak JSC
- Euphoria Packaging LLP
- PolyCover Ltd
- Adsure Packaging Ltd
- Zim's Bagging Co
- BGR Inc
- St. Johns Packaging Ltd
- A-Pac Manufacturing Co Inc
- Four Star Plastics Inc
- PAC Worldwide Corp
- Bischof + Klein SE & Co KG
- UFlex Ltd
- Coveris Management GmbH
- Maco Pkg
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type, Product Type, and End Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Rising use of wicket bags in retail industry is driving the wicket mailer envelopes and bags market. The global retail industry is growing at a significant pace due to growing middle class population, rising purchasing power of consumers, increasing demand for various consumer goods, and growth of organized retail sector. The lifestyle of people is changing rapidly which is influencing their buying behavior which impacts their channel preferences and how and where they shop. These factors are driving the organized retail sector.
Based on the product type, poly wicket bags segment is projected to grow at the fastest CAGR over the forecast period. Poly wicket bags are plastic bags that are neatly stacked on a wicket wire. These wicket bags increase the efficiency of packaging operations by reducing handling time and increasing the rate of producing, packaging, and shipping products. They are ideal for automated, semi-automated, or manual packaging lines.
Asia Pacific accounted for the largest share of the global wicket mailer envelopes and bags market. The growing population, rising disposable income of consumers, and economic growth of the region fuel the demand for food products, pharmaceuticals, and personal care products, thereby driving the market growth in the region. Further, the retail sector is growing rapidly in Asia Pacific. The growth of the online retail industry in Asia Pacific is attributed to the growing smartphone penetration, increasing logistics options for e-commerce players, and changing consumption behaviors of consumers due to the COVID-19 pandemic.
Based on material type, plastic segment accounted for the largest revenue share. Plastic is one of the major materials used in the manufacturing of wicket mailer envelopes and bags. Low-density polyethylene, high-density polyethylene, linear low-density polyethylene, polypropylene, and ethylene-vinyl acetate are a few of the plastic materials used for the manufacturing of wicket mailer envelopes and bags. Such bags are a cost-effective and convenient option for many different industries.
The major players operating in the global wicket mailer envelopes and bags market are LPS Industries LLC, Mondi Plc, Hanpak JSC, Euphoria Packaging LLP, PolyCover Ltd, Adsure Packaging Ltd, Zim's Bagging Co, BGR Inc, St. Johns Packaging Ltd, A-Pac Manufacturing Co Inc, Four Star Plastics Inc, PAC Worldwide Corp, Bischof + Klein SE & Co KG, UFlex Ltd, Coveris Management GmbH, and Maco Pkg.
The growing adoption of E-commerce in developing countries has aided the market growth of wicket mailer envelopes and bags. Consumers increasingly prefer online shopping over traditional shopping as e-commerce platforms offer an enhanced shopping experience. Using e-commerce platforms, consumers can virtually shop an array of products ranging from grocery, apparel, medicines, jewelry, and footwear to stationery items of different brands. Moreover, these platforms offer attractive discounts and offers.
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The List of Companies - Wicket Mailer Envelopes and Bags Market
- LPS Industries LLC
- Mondi Plc
- Hanpak JSC
- Euphoria Packaging LLP
- PolyCover Ltd.
- Adsure Packaging Ltd.
- Zim's Bagging Co.
- BGR Inc.
- St. Johns Packaging Ltd.
- A-Pac Manufacturing Co Inc.
- Four Star Plastics Inc
- PAC Worldwide Corp
- Bischof + Klein SE & Co KG
- UFlex Ltd
- Coveris Management GmbH
- Maco Pkg
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