Packaging
has become a vital constituent of modern life due to the ease of
transportation, storage and inclination of the consumer towards a
wide usage of bags. Moreover, food products, health supplements and
electronic components are some of the things that have witnessed
improvements regarding demand over the last few years and are more
easily available due to an effective packaging solution. Moisture
barrier bags are one of the effective packaging solutions that
provides all the features related to high performance during
transportation & storage and provide moisture, corrosion and
shielding protection for sensitive products and components. These
moisture barrier bags are also known as foil bags or mylar bags.
Moreover, these moisture barrier bags are primarily made up of
polyethylene, wherein the innermost part of the moisture barrier bag
is laminated with polyester, nylon or aluminum foil which acts as a
barrier towards the moisture, oxygen, and corrosion. Most of the
moisture barrier bags are lay flat or gusseted in nature and are
available in different sizes and can be individually tailored to the
size and transportation to meet the product or customer specific
needs. These moisture barrier bags are available as zip top, heat
sealed or a combination of both.
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Moisture
Barrier Bags Market- Market Segmentation:
The
moisture barrier bags market can be segmented on the basis of product
type, packing type, material type and end use type. On the basis of
product type, moisture barrier bags market can be segmented into
static shielding moisture barrier bag and poly moisture barrier bags.
Static shielding moisture barrier bags are used for electronic
components, whereas as poly moisture barrier bags are suitable for
food and health care supplements. On the basis of packing type,
moisture barrier bags market can be segmented into zip top bags and
heat seal bags, where in zip top bags are re-usable in nature due to
re-close feature. On the basis of material type, moisture barrier
bags market can be segmented into dissipative polyethylene, laminate
polyester, laminate nylon, and foil. On the basis of end use moisture
barrier bags market can be segmented into electronic components, food
& beverage products and health supplements.
Moisture
Barrier Bags Market- Market Dynamics:
One
of the significant factors contributing towards the growth of
moisture barrier bags market is the consumer preference for packaged
food due to the fast lifestyle, convenience and health issues.
Moreover, another factor towards the growth of moisture barrier bags
is the government regulation towards food safety and quality
standard, which influencing manufacturer for an effective packaging
solution that can preserve the food from being contaminated and
increase the shelf life. Another important factor towards the growth
of moisture barrier bags market is the increasing modern retail due
to its vast adaptability and increasing disposable income among
consumers globally. Another factor that is fueling the growth of
moisture barrier bags market is the increasing demand for
pharmaceutical product and medicine through e-commerce channel.
Furthermore, the rise in the usage of the electronic component in the
key industrial sectors is another factor contributing towards the
growth of moisture
barrier bags market. However, government regulation towards
the use of plastic is expected to hamper the growth of moisture
barrier bags market. Moreover, the high cost of moisture bag
packaging is considered as another restraining factor towards the
growth of moisture barrier bags market. Furthermore, the usage of
heat seal bags is expected to hinder the growth of moisture barrier
bags market due to its non-reusable nature.
Moisture
Barrier Bags Market- Regional Outlook:
Geographically,
the moisture barrier bags market can be segmented into North America,
Latin America, Europe, Asia-Pacific (APAC) and Middle East &
Africa (MEA). The growth of global moisture barrier bags market is
expected to witness a healthy CAGR over the forecast period of
2016-2024. Moreover, Asia-Pacific is expected to witness a high
growth of moisture barrier bags market due to the rising consumption
of food products. The demand of the moisture barrier bags market is
expected to witness an above average growth in North America due to
the higher adoption of moisture barrier bags for commercial and
industrial use.
Moisture
Barrier Bags Market- Major Players:
Some
of the major players identified across the globe in the moisture
barrier bags market are Protective Packaging Corporation, Digi-Key
Corporation, 3M Company, Texas Technologies Inc., Dou Yee Enterprises
(S) Pte Ltd, Teknis Limited, Advantek, Inc., Katzke Paper Co., IMPAK
Corporation and Hisco, Inc.
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