Market Dynamics:

The rising demand from food & beverage industry is a major driver of growth in hermetic storage bags market. According to estimates, the packaged food market was valued at US$ 1.9 trillion in 2020 and is projected to grow to US$ 2.5 trillion by 2025. Consumers today prefer easy-to-use and portable food options due to fast-paced lifestyle. Hermetic storage bags helps extend product shelf life without refrigeration which is an attractive proposition for both manufacturers and consumers. Another driver is increasing awareness about food wastage. Around 14% of global food production, equivalent to 1.3 billion tons, gets wasted every year. Hermetic storage bags are an affordable and environment-friendly solution to reduce household food wastage. However, availability of substitute storage options such as resealable plastic bags and glass containers pose a challenge for market growth to some extent.

SWOT Analysis

Strength: Hermetic storage bags provide long-term oxygen and moisture control. They use multi-layer polymer films that form an effective barrier against gases and moisture when heat-sealed. This helps extend the shelf life of products by 18 months or more. Hermetic storage bags allow for compact and space-saving storage.

Weakness: Hermetic storage bags require specialized heat sealing equipment for sealing, which increases costs relative to ordinary storage bags. The polymer film materials used in hermetic bags are non-recyclable and add to environmental waste.

Opportunity: Growth of the food preservation industry is driving demand for longer shelf life solutions. Hermetic storage bags are increasingly being used for storing snacks, grains, coffee, flour and other products. Rising health awareness is propelling the adoption of preservative-free ingredients stored using hermetic bags.

Threats: Strict regulations surrounding food packaging could impact material approvals and change guidelines for shelf life claims. Fluctuations in raw material prices also pose a threat.

Key Takeaways

The Global Hermetic Storage Bags Market Size is expected to witness high growth over the forecast period due to increasing demand for long shelf-life food packaging solutions from the food industry. Hermetic bags help extend product freshness without the need for preservatives.

Regional analysis: North America currently dominates the global hermetic storage bags market owing to significant demand from food manufacturers and retailers in the region. The growing health-conscious population demanding clean-label and preservative-free products drives market growth. Asia Pacific is expected to be the fastest growing regional market for hermetic storage bags over the forecast period due to rising consumption of packaged food products and increasing disposable incomes in countries such as China and India.

Key players operating in the hermetic storage bags market are ProAmpac LLC, Supraveg Group, Flexopack S.A., Winpak Ltd, Storopack Hans Reichenecker GmbH, Fluxeal, Heritage Packaging, ZipPak, and Polymer Packaging Inc. ProAmpac LLC is a major provider of customized hermetic packaging solutions for food and non-food applications. Winpak Ltd offers barrier films such as Multicover MAP which provide outstanding product protection for storage of snacks, cheese, and deli.

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