Block Bottom Bags Market Size, Share & Analysis Report, 2022-2030
The global Block Bottom Bags market gathered revenue around USD 2.9 billion in 2021 and market is set to grow USD 4.7 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.1% during the prediction period 2022 to 2030.
Growth Factors:
Block bottom bags are in high demand in the market, as they provide shelf stability to their solid level bottom. The secure foundation is perfect for packaging solutions for a variety of consumer goods, including rice, tea, coffee, cereal, and others. Block bottom bags are ideal substitutes for costly paper bags. Shaped as a brick-like form, it is widely used in the various industries. This packaging format is an advancement over the traditional stand-up pouch. Block bottom bags are widely used in the packaging business, particularly in the food sector. Nova one advisor team segmented the analysis of block bottom bags market based on material, capacity, end-use, and region. In terms of material, the plastic segment is estimated to account for a substantial share of the of the global block bottom bags market.
Report Coverage
| Report Scope | Details |
| Market Size | USD 4.7 Billion by 2030 |
| Growth Rate | CAGR of 6.1% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Material, Capacity, End-use, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned |
Berry Global, Inc., Mondi Plc., International Paper Company, Novolex Holdings, Inc., WestRock Company, McNairn Packaging, Inc., Amcor Plc, Bag Makers, Inc, Welton Bibby And Baron Limited, JohnPac, LLC, El Dorado Packaging, Inc., Genpak Flexible, Ampac Holdings LLC, Interplast Group, Oji Holdings Corporation. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Block Bottom Bags market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Sustainability Offered by Flexible Packaging Formats to Augment Block Bottom Bags Market Growth
Flexible packaging materials have several sustainability advantages over rigid packaging materials. These include low raw material consumption, reduced energy usage, relatively low waste production, and low carbon footprint. Reducing the amount of material used in the packaging can lead to a lowered environmental impact. Governments worldwide are focusing on framing various stringent policies regarding the reuse and recyclability of plastics. The implementation of such legislations to improvise sustainability is expected to propel the demand for flexible packaging in the future. Other advantages of sustainable flexible packaging are as follows:
· CO2 emissions of flexible packaging are lower than that of rigid packaging by around 80%
· Flexible packaging reduces 60% of solid waste and 80% of fossil fuel consumption as compared to rigid packaging
Furthermore, manufacturers are focusing on product innovations to reduce oxygen migration, absorb food odor, preserve food longer, and have a high-end appearance coupled with the sustainability advantages granted by block bottom bags.
Adoption of Transparent Packaging Solutions to Boost Sales
Manufacturers of block bottom bags are currently using clear packaging styles. The goal of the strategy is to increase sales, and transparent packaging aids product visibility and consumer trust. The transparency of a package is frequently interpreted as a sign of the product’s quality. Clear packaging is becoming more popular, especially in the food business. This makes it particularly beneficial in the consumer products industry, since product differentiation is at the forefront of manufacturers’ minds. Bags, which provide greater transparency and gloss to the package, can be used to create transparent surfaces. As the majority of the surface is designed to give obvious packing, this saves money on printing, labelling, and the other packaging formats. A significant number of consumers make purchasing decisions at the point of sale, and packaging is likely to affect those decisions. As a result, the adoption of such packaging methods is projected to increase the market for block bottom bags.
Lucrative Markets Offer Enormous Opportunities to Manufacturers
The rapid expansion of end-use industries in Asian countries has opened up growth avenues for global manufacturers. Furthermore, the low cost of production in Asian countries has led manufacturers to expand their manufacturing facilities to countries in Asia Pacific regions. Moreover, the ever-growing retail, eCommerce, food & personal care sectors in Asia Pacific countries are promising substantial growth opportunities to block bottom bags manufacturers. Moreover, considering all these factors, manufacturers of block bottom bags operating in America and Europe can focus on Asia Pacific to penetrate further in the market. Furthermore, manufacturers operating in the Asia Pacific block bottom bags market are witnessing the consistent demand for bags that are made from white kraft and brown kraft paper, owing to their extensive range of applications.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Block Bottom Bags Market include: Berry Global, Inc., Mondi Plc., International Paper Company, Novolex Holdings, Inc., WestRock Company, McNairn Packaging, Inc., Amcor Plc, Bag Makers, Inc, Welton Bibby And Baron Limited, JohnPac, LLC, El Dorado Packaging, Inc., Genpak Flexible, Ampac Holdings LLC, Interplast Group, Oji Holdings Corporation.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Block Bottom Bags Market Segmentation
Block Bottom Bags Market by Material
Block Bottom Bags Market by Capacity
Block Bottom Bags Market by End-use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Block Bottom Bags market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Block Bottom Bags market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Block Bottom Bags markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Block Bottom Bags Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers