Hermetic storage bags are made of multi-layer laminates comprising of polyester, foil, and nylon which provides protection against moisture, oxygen, and other environmental factors. Such bags are widely used for packaging food products to extend their shelf life. They also find usage in various end-use industries including pharmaceuticals, medical devices, consumer electronics to preserve the quality and integrity of packaged contents. Hermetic storage bags help maintain the freshness and safety of contents for a prolonged duration without refrigeration.
The global hermetic storage bags market is estimated to be valued at US$ 1.2 Billion in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The global hermetic storage bags market is driven by the increased adoption from the medical industry. Various medical devices and equipment are packaged in hermetic storage bags to keep them sterile and prevent contamination during transportation and storage. Moreover, pharmaceutical drugs and implants also utilize hermetic packaging to extend their shelf life without refrigeration. Hermetic bags provide tamper evidence and maintain product quality in diverse climatic conditions. They enable logistics companies and hospitals to effectively manage medical supplies inventory. With rising healthcare expenditure and growing medical tourism worldwide, demand for hermetic packaging from the industry is surging substantially.
Market Dynamics:
The global hermetic storage bags market is driven by increased adoption from the medical industry, as mentioned in the heading. Hermetic packaging plays a crucial role in maintaining the sterility and integrity of medical devices, pharmaceutical drugs, and implants during storage and shipping. They help logistics providers and healthcare facilities efficiently manage inventory with an extended shelf life.
Another key driver for the hermetic storage bags market is the growing food processing and retail sector worldwide. Hermetic bags are widely used by food manufacturers, processors, and retail stores to package various food products including snacks, coffee, dried fruits and extend their shelf life without preservatives. They protect the contents from external contamination of moisture, oxygen, and other environmental factors thereby maintaining freshness for longer durations. Rapid urbanization, changing dietary patterns, and rising disposable incomes in developing regions are fueling the demand for packaged and processed food, thus propelling the adoption of hermetic bags.
Segment Analysis
The global hermetic storage bags market is dominated by the food segment due to rising demand for food preservation across the world. Food segment accounts for over 35% of the total market share owing to increasing use of hermetic storage bags for storing cereals, snacks, dry fruits, coffee and other food items to extend their shelf life. The dry goods storage sub-segment leads the food segment on account of wide usage of hermetic storage bags in storing items like rice, beans, lentils etc for long duration without refrigeration.
PEST Analysis
Political: The implementation of food safety regulations in many countries favors market growth. Various government initiatives to reduce food wastage also support demand.
Economic: Rising disposable incomes in developing nations have boosted spending on packaged and preserved food items, fueling sales. Growing middle class favors market expansion.
Social: Changing lifestyles and busy schedules have increased demand for long-shelf life food options that require less maintenance and upkeep, driving adoption.
Technological: Advances in materials and bag manufacturing technologies have enhanced barrier properties. Smart packaging solutions with integrated sensors are gaining traction.
Key Takeaways
The Global Hermetic Storage Bags Market Growth is expected to witness high on account of rising demand for long shelf-life and easy to store food items especially in developing regions.
The Asia Pacific region dominates the market and is expected to maintain its leading position during the forecast period. This can be attributed to burgeoning population, rapid urbanization, increasing health awareness and rising disposable incomes in major countries like China and India.
Key players operating in the hermetic storage bags market are Amcor Ltd, Bemis Co Inc, Sealed Air Corp, WINPAK Ltd, Mondi Group, Sonoco Products Company, Silgan Holdings, Berry Global Group, Huhtamaki Oyj, Proampac LLC, Coveris Holdings SA, Flair Flexible Packaging Corporation, Clondalkin Group, Constantia Flexibles GmbH, Glenroy Inc and GUALAPACK S.P.A.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it