Packaging is an important factor for any industry. Without proper packaging, the safety of the product inside the packaging cannot be ensured. The products must be protected from moisture to maintain the product quality. For this purpose, moisture barrier bags are widely used in different industries such as food & beverages, pharmaceuticals, chemicals, and electronics. These bags are very effective in providing protection from corrosion caused by oxygen, moisture, and humidity. They are also known as alufoil bags or foil bags. These bags are generally heat sealed from the top to reduce vacuum.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Considering the vulnerability of products to corrosion caused by oxygen, humidity, and moisture, effective packaging of products is necessary. This helps to maintain the product quality and can be stored for a long time. Moisture barrier bag is an effective way to reduce the danger of corrosion of the product inside the packaging due to the moisture present in the atmosphere. These bags are generally made up of heavy-duty aluminum foil or rigid plastic. They come under the flexible packaging type as products of different sizes and shapes can be packed by using moisture barrier bags. These bags are of three types, static shield moisture barrier bags, kraft foil moisture barrier bags, and foil moisture barrier bags.
Moisture barrier bags are widely used in the food & beverages industry. As packaged food products are more commonly consumed in various countries across the globe, moisture barrier bags are used for the packaging of food products. The shelf life of these food products is comparatively less. Therefore, to increase the shelf life, maintain the quality, and prevent moisture contamination, moisture barrier bags are widely as packaged food products are more vulnerable to contamination.
Furthermore, static shielding moisture barrier bag is the most common type of moisture bag, which is widely used in industries. These types of bags are generally used in electronics and electrical industries.
Expensive electronic devices are prevented from static damage and contamination from dust & dirt by using static shielding moisture barrier bag. These bags can be reused as they contain a zipper, which is re closable. Static shielding moisture barrier bags are heat sealable, opaque, and flexible. These properties make the static shielding moisture barrier bags a perfect packaging solution for electronic devices.
Therefore, the use of moisture barrier bags is increasing in the electronics industry, which is expected to help the industry to grow during the forecast period. In addition, static-sensitive components can be kept away from any kind of damage with the help of these bags. Considering the reusability of the bags, many industries are expected to use these bags for packaging of their products. Moreover, hygiene of the product can also be maintained by using these bags.
Considering the reusability of the moisture barriers bags, many companies are using these bags for packaging their products. This is expected to reduce the cost of packaging, which is not possible for single use bags. In addition, these bags have an attractive visual appearance; hence, many companies are using these bags to attract customers Therefore, these factors drive the growth of the moisture barrier bags market.
COVID-19 scenario analysis:
- The demand for moisture barrier bags is expected to decrease in 2020 due to low demand from different industries, such as electronics and food, owing to the lockdown imposed by governments of many countries.
- COVID-19 crisis is likely to affect the moisture barrier bags industry negatively as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
- COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
- The requirement of e-commerce specific packaging is likely to remain strong; although, the e-commerce companies would have to focus on protection of goods and sanitization of packages.
- In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products, such as groceries and fresh food, mainly from local e-retail sites.
- Industrial, transportation, and bulk packaging have faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020.
- Low disposable income of maximum population and weak demand for packaging from industrial goods led to the packaging industry to face significant pressure of reduction in both wholesale as well as retail costs.
- Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services. This is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.
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Key benefits of the report:
- This study presents the analytical depiction of the moisture barrier bags market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the moisture barrier bags market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed moisture barrier bags market analysis based on competitive intensity and how the competition will take shape in coming years.
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Moisture barrier bags are one of the most effective packaging solutions on the market today to protect against corrosive damage caused by humidity, moisture, oxygen, salt spray, aromas, grease and other airborne contaminants.The major players in global Moisture Barrier Bags market include 3M, Desco, Protective Packaging Corporation, etc.
The top 3 players occupy about 30% shares of the global market.
Food is the main application, which holds a share about 30%.In 2020, the global Moisture Barrier Bags market size was US$ 407 million and it is expected to reach US$ 535.2 million by the end of 2027, with a CAGR of 4.0% during 2021-2027.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6495377/global-moisture-barrier-bags-2021-2027-598Global Moisture Barrier Bags Scope and Market SizeMoisture Barrier Bags market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Moisture Barrier Bags market is segmented intoFoil Moisture Barrier BagsStatic Shielding Moisture Barrier BagsVacuum Moisture Barrier BagsOthersSegment by Application, the Moisture Barrier Bags market is segmented intoFoodPharmaceuticalElectronicsOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Moisture Barrier Bags Market Share AnalysisMoisture Barrier Bags market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Moisture Barrier Bags product introduction, recent developments, Moisture Barrier Bags sales by region, type, application and by sales channel.The major companies include:3MDescoAdvantekProtective Packaging CorporationIMPAK CorpDou Yee Enterprises (S)Action Circuits (UK) LtdSuzhou Star New Material Co., LtdReasons to Purchase Our Research Report:1.
In this report, our team offers a comprehensive analysis of Moisture Barrier market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-moisture-barrier-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• 3M• PROMA• Wagner Meters• DuPont• Americover• Roberts• Henry On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• 6 Mil• 10 Mil• 15 Mil• Other By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Residential• Commercial• Public Building By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-moisture-barrier-market-2020-2026 Table of Contents Global Moisture Barrier Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 6 Mil1.3.2 10 Mil1.3.3 15 Mil1.3.4 Other1.4 Application Overview1.4.1 Residential1.4.2 Commercial1.4.3 Public Building1.5 Industrial Chain1.5.1 Moisture Barrier Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 6 Mil2.1.2 10 Mil2.1.3 15 Mil2.1.4 Other2.2 The Overall Market Performance(Value)2.2.1 6 Mil2.2.2 10 Mil2.2.3 15 Mil2.2.4 Other 3 Global Moisture Barrier Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Residential3.3 Commercial3.4 Public Building Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/64445/global-moisture-barrier-coatings-2021-786Segment by Type, the Moisture Barrier Coatings market is segmented into:Water-based CoatingOil-based CoatingSegment by Application:ResidentialCommercialPublic BuildingGlobal Moisture Barrier Coatings Market: Regional AnalysisThe Moisture Barrier Coatings market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Moisture Barrier Coatings market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Moisture Barrier Coatings Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
