What is Global Moisture Barrier Bags Market?
The Global Moisture Barrier Bags Market is a vast and dynamic sector that has been gaining significant attention in recent years. These bags are specially designed to provide a protective shield against moisture and other environmental factors that can potentially damage the contents inside. They are made from materials that have high resistance to moisture, making them ideal for packaging a wide range of products. The global market for these bags was valued at a substantial US$ 423 million in 2022. This value is expected to see a steady rise, reaching an estimated US$ 558.5 million by 2029. This growth trajectory, which represents a Compound Annual Growth Rate (CAGR) of 4.0% from 2023 to 2029, is a testament to the increasing demand and application of these bags across various industries.
Foil Moisture Barrier Bags, Static Shielding Moisture Barrier Bags, Vacuum Moisture Barrier Bags, Others in the Global Moisture Barrier Bags Market:
There are several types of Moisture Barrier Bags available in the market, each with its unique properties and applications. Foil Moisture Barrier Bags are the most common type, accounting for about 45% of the global market. These bags are made from aluminum foil, which is known for its excellent moisture barrier properties. They are widely used in the packaging of food products, pharmaceuticals, and electronic components. Static Shielding Moisture Barrier Bags are another type, designed to protect sensitive electronic components from electrostatic discharge. Vacuum Moisture Barrier Bags, on the other hand, are used to package products that need to be kept in a vacuum environment for extended periods. There are also other types of moisture barrier bags available in the market, catering to specific needs and applications.
Food, Pharmaceutical, Electronics, Others in the Global Moisture Barrier Bags Market:
The application of Moisture Barrier Bags is widespread, spanning across various industries. The Food industry is the largest consumer, accounting for about 30% of the global market. These bags are used to package a wide variety of food products, from dry goods like grains and cereals to perishable items like meat and dairy products. They help in preserving the freshness and quality of the food, extending its shelf life. The Pharmaceutical industry also makes use of these bags for packaging medicines and other healthcare products, ensuring their safety and efficacy. In the Electronics industry, these bags are used to protect sensitive components from moisture and static electricity. Other industries also make use of these bags for various packaging needs.
Global Moisture Barrier Bags Market Outlook:
In 2022, the global Moisture Barrier Bags market was valued at US$ 423 million. It is projected to reach a value of US$ 558.5 million by 2029, growing at a CAGR of 4.0% during the forecast period of 2023-2029. The market is dominated by the top 3 players who hold about 30% of the global shares. The most prevalent type of moisture barrier bag is the Foil Moisture Barrier Bag, which holds about 45% of the market share. The primary application of these bags is in the food industry, which accounts for about 30% of the market.
| Report Metric | Details |
| Report Name | Moisture Barrier Bags Market |
| Accounted market size in 2022 | US$ 423 in million |
| Forecasted market size in 2029 | US$ 558.5 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | 3M, Desco, Advantek, Protective Packaging Corporation, IMPAK Corp, Dou Yee Enterprises (S), Action Circuits (UK) Ltd, Suzhou Star New Material Co., Ltd |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
