Gusseted Bags Market to Reach US$ 26,008.8 Mn by 2026
Verfasser: pradnya_86 on Friday, 2 February 2018As per the latest report by Future Market Insights (FMI), the global gusseted bags market is expected to witness sluggish growth. During the forecast period, the market is projected to expand at a CAGR of 2.8%. The global gusseted bags market is also projected to reach US$ 26,008.8 million revenue by the end of 2026. Gusseted bags are considered to be one of the most flexible packaging options. Previously, gusseted bags were used only for packing tea and coffee, however, owing to the ability of gusseted bags to retain the freshness of the food for a long time, these bags are used widely for packaging of various food products. Moreover, gusseted bags are easy to handle, are lightweight and occupy less space.
Various key factors that are driving the demand for gusseted bags are the products packed in gusseted bags tend to remain fresh for a long time, it aids in visual clarity of the printed matter on the bags and also provides ample space for storage. The popularity of gusseted bags is increasing across various industries because of its lightweight, and easy to handle quality. The manufacturers of gusseted bags are also using recyclable raw materials for producing gusseted bags. Advancements in the gusseted bags are leading to its wide application in storing dry food, paints, and fertilizers. Also, handle gusseted bags are gaining popularity due to its low cost and are easy to use.