Hermetic storage bags help in extending the shelf life of various food items like snacks, grains, vegetables and other perishable items by maintaining an airtight seal. This prevents exchange of gases between the inner pack environment and the outer atmosphere thereby slowing down respiration and chemical reactions in food that causes spoilage. Hermetic storage bags are increasingly being used for commercial as well as household storage of dry foods and snacks as they provide an effective alternative to jars and cans while keeping the contents fresh for longer duration.
The global Hermetic Storage Bags Market is estimated to be valued at US$ 2.5 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.
Market key trends:
One of the major trends driving the growth of the hermetic storage bags market is the increased preference of consumers for foods with longer shelf life. With changing lifestyles and hectic schedules, consumers are looking for convenient storage solutions that reduce wastage of food due to spoilage. Hermetic storage bags prevent deterioration of food quality and freshness for 4-6 months by maintaining protective atmosphere comparable to modified atmosphere packaging. This high shelf life without addition of preservatives makes hermetic storage bags an attractive option for food manufacturers as well as consumers. Most foods packed in hermetic bags stays fresh for more than 3 months which is significantly higher than conventional packaging methods. This advantage of extended shelf life has fueled adoption of hermetic storage bags across various end use industries including snacks, dry fruits, coffee, and spices among others.
Segment Analysis
The global hermetic storage bags market is dominated by rigid packaging sub-segment owing to its advantage of maintaining long term freshness of products. Rigid packaging helps protect the products from moisture, oxygen, dust and other external contaminants that can potentially reduce the shelf life of products. Hence, this sub-segment accounts for over 60% share of the overall hermetic storage bags market.
Key Takeaways
The Global Hermetic Storage Bags Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America currently captures over 35% share of the global hermetic storage bags market led by developed food packaging industry and presence of prominent manufacturers in the US and Canada. Asia Pacific is projected to witness fastest growth during the forecast period owing to risingmiddle class population, growing food retail industry and changing dietary habits of consumers in countries like China, India and Japan.
Key players: The major players operating in the hermetic storage bags market are Amcor Ltd., Bemis Co. Inc., Mondi Group, Sonoco Products Company, Berry Global Inc., Sealed Air Corporation, ProAmpac LLC., Winpak Ltd., and Coveris Holdings S.A. Amcor Ltd. holds largest market share of over 20% owing to its wide product portfolio and global distribution network.
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