The scope of our recent study on the "Wicket Mailer Envelopes and Bags Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material Type {Plastic [Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others] and Paper}, Product Type (Poly Wicket Bags, Paper Wicket Bags, Poly Wicket Mailers, and Paper Wicket Mailers), and End Use (Banking & Financial Services, Courier & Logistics, Retail, and Others)" includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also entails the identification of significant market players and their key developments.
The wicket mailer envelopes and bags market size is projected to grow from US$ 1,876.78 million in 2022 to US$ 2,437.48 million by 2028; it is expected to grow at a CAGR of 4.5% from 2022 to 2028. Wicket bags are stacked and held together on a thin metal bar (or wicket) that makes their dispensing faster and easier. Using wicket bags helps in increasing productivity on a production line. Stacking of bags on a metal wire wicket allows a more efficient transfer of products from a packing table to a plastic bag, further aiding in the sealing process. These bags are used for the packaging of food products, textiles, plastic injection molded parts, pharmaceuticals, personal care products, etc. The market is highly competitive due to the presence of several regional and global players. Players operating in the wicket mailer envelopes and bags market are competing with each other based on product quality, price, and product differentiation.
The global wicket mailer envelopes and bags market is segmented on the basis of material type, product type, end use, and geography. Based on material type, the market is segmented into plastic [polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and others] and paper. The plastic segment held a larger share of the global market in 2021. Plastic wicket bags are used in several packaging applications, including food products, textile products, pharmaceuticals, plastic injection molded parts, and medical supplies. Plastic wicket mailer envelopes and bags are available in various shapes, sizes, and thickness levels. Such bags are a cost-effective and convenient option for different industries.
The global wicket mailer envelopes and bags market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest share of the global market in 2021. The growth of the online retail industry is attributed to the growing reach of smartphones, increasing availability of logistics options for e-commerce players, and changing consumer behavior amid the COVID-19 pandemic. Retailers are partnering with logistics service providers to enhance delivery solutions and automate supply chain operations, aiding profitability. They are investing in enhancing the in-store experience and encouraging online purchases. In addition to the retail sector, the demand for wicket mailer envelopes and bags is also on the rise in banking and financial service businesses. Moreover, players operating in the wicket mailer envelopes and bags market are focusing on adopting different strategies, such as investments in research and development activities and new product launches.
Impact of COVID-19 Pandemic on Wicket Mailer Envelopes and Bags Market
The global economy was hit hard due to the COVID-19 pandemic. Governments of various countries took possible steps in the form of country-wide lockdowns to restrict the spread of SARS-CoV-2, which directly impacted the growth of industrial sectors. Restrictions on the movement of workers, changes in consumer demands, the shutdown of food production facilities, limitations on food trade, and financial pressure in supply chains hampered the wicket mailer envelopes and bags market growth in the region. However, due to the lockdown measures, consumers preferred buying products online. Spending more time at home instead of traveling for work or leisure, eating out at restaurants, and exercising at gyms encouraged consumers to upgrade their kitchen appliances, electronics, and sports equipment. In addition to the growing demand for consumer goods and electronics, ongoing efforts from countries for the revival of their economies would favor the progress of the wicket mailer envelopes and bags market in the coming years.
The report includes the segmentation of the global wicket mailer envelopes and bags market as follows:
The global wicket mailer envelopes and bags market, by material type is segmented into plastic and papers. The plastic segment is further divided into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), and others. Based on product type, the wicket mailer envelopes and bags market is segmented into poly wicket bags, paper wicket bags, poly wicket mailers, and paper wicket mailers. Based on end use, the market is segmented into banking & financial services, courier & logistics, retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The North America wicket mailer envelopes and bags market is further sub segmented into the US, Canada, and Mexico. The Europe market is sub segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific wicket mailer envelopes and bags is divided into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The MEA market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The South & Central America market is segmented into Brazil, Argentina, and the Rest of South & Central America.
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