by Hermetic storage bags are one of the most convenient and affordable ways of preserving various food items, providing protection from external environment like moisture, oxygen, pests and other microorganisms. Hermetic storage bags help extend the lifespan of food by protecting it from spoilage and quality deterioration for a longer period.
The global Hermetic Storage Bags Market is estimated to be valued at US$ 450 million in 2023 and is expected to exhibit a CAGR of 17% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing Product Lifespan: Hermetically sealing food items in storage bags helps cut off the supply of oxygen, thus slowing down the process of enzymatic and oxidative degradation which are the major causes of food spoilage. This hermetic sealing property significantly extends the shelf life of various food products stored in hermetic bags as compared to conventional packaging methods. Growing demand for advanced food preservation solutions to reduce food wastage is a key factor driving increased adoption of hermetic storage bags across various end use industries.
SWOT Analysis
Strength: Hermetic storage bags offer superior protection against moisture, oxygen, dust and microbial activities which helps extend the shelf life of food items.
Weakness: These bags require custom sealing equipment for effective sealing which increases their production costs.
Opportunity: Rising health consciousness among consumers is driving the demand for fresh and preservative-free food items which is creating opportunities for hermetic storage bags manufacturers.
Threats: Availability of substitute packaging solutions like vacuum storage containers and pouches poses competition to hermetic storage bags.
Key Takeaways
The Global Hermetic Storage Bags Market Size is expected to witness high growth.
Regional analysis: North America region currently dominates the global market due to rising demand for longer shelf life packaging products. The market in Asia Pacific is expected to witness fastest growth over the forecast period owing to increasing population, changing lifestyles and growing health awareness.
Key players operating in the hermetic storage bags market are Amcor Limited, Bemis Company Inc., Sealed Air Corporation, Winpak Ltd., Flair Flexible Packaging Corporation, Berry Global Inc., and Coveris Holdings S.A. These companies are primarily focusing on new product developments and mergers & acquisitions to strengthen their market position. For instance, Amcor launched a new range of hermetic storage bags with enhanced barrier properties in 2021.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
