Hermetic Storage Bags Market is Expected to Witness High Growth Owing to Advancements in Moisture Barrier Technology
The Global Hermetic Storage Bags Market is estimated to be valued at US$ 1.22 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 To 2031.
Naufan Cmi
Hermetic storage bags are durable plastic storage bags that provide an air and moisture-tight seal to protect its contents. They are commonly used for storing food, medical supplies, pharmaceuticals and other items that need protection from external contamination or moisture. The self-sealing mechanism and high-quality multilayer plastic film construction of hermetic storage bags help extend the shelf life of contents by protecting them from oxidation, bacteria, mold and other degrading elements.
The Global Hermetic Storage Bags Market is estimated to be valued at US$ 1.22 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Hermetic Storage Bags Market Companies are SIGA Technologies Inc., Chimerix, Inc., Bavarian Nordic, Sanofi SA., Emcure Pharma, Jinan Jinda Pharmaceutical Chemistry Co., Ltd.
The rising demand for extending the shelf life of perishable items across various end-use industries as well as increased focus on reducing food wastage present significant growth opportunities in the hermetic storage bags market.
Advancements in moisture barrier technologies have improved the hermetic seal capabilities of plastic bags, thus allowing for better preservation of contents over longer durations. Materials such as EVOH and polyamide are increasingly being used in multilayer films to manufacture hermetic storage bags.
Market Drivers
One of the key drivers for the Hermetic Storage Bags Market Trend is the growing pharmaceutical and medical supplies industry. Hermetic storage bags are ideal solutions for packaging drugs, vaccines and other temperature-sensitive medical products thanks to their high barrier properties and ability to prevent contamination. The need for affordable healthcare in developing regions has further accelerated demand over the past few years.
Another major factor propelling the market growth is the rising awareness about food wastage and focus on extending the shelf life of perishables globally. Hermetic storage bags help tackle this issue by locking in freshness for longer durations without requiring specialist storage conditions. Their effectiveness in lengthening the longevity of foods reduces losses for retailers, vendors as well as consumers.
The hermetic storage bags market is facing various challenges currently due to changing consumer preferences and rising environmental concerns. The demand for sustainable packaging solutions made from eco-friendly materials is increasing fast. However, majority of the hermetic storage bags currently available are made from plastic which is not environment-friendly. Achieving higher performance in terms of gas and moisture barrier properties while making bags from renewable and biodegradable materials is a big challenge for manufacturers.
Another major challenge is maintaining the seal integrity of these bags for extended periods of time especially at higher temperatures. The sealing mechanism needs to be robust enough to prevent any leakage of gases or moisture even after months of storage. Designing reliable seals that can withstand long-term pressures is an ongoing task. Moreover, producing hermetic storage bags that are easy and convenient for consumers to open and reseal multiple times is also difficult. Frequent resealing may compromise the barrier performance over time requiring innovative solutions.
Adapting production processes for mass manufacturing affordable hermetic storage bags within strict quality control guidelines is equally challenging. Ensuring consistency in barrier properties across batches while reducing costs involves heavy investments and research efforts. Gaining consumer confidence about the effectiveness of these bags through extensive testing and certification is another hurdle faced by players in the industry.
SWOT Analysis
Strength: Hermetic storage bags help extend the shelf life of many perishable products by protecting them from gases, moisture, and microorganisms. They provide an effective solution for reducing food wastage.
Weakness: Majority of existing hermetic storage bag offerings are made from plastic which has environmental sustainability issues. Developing high performance bags from renewable materials is challenging.
Opportunity: Growing demand for sustainable packaging solutions from environmentally conscious consumers presents an opportunity to develop hermetic storage bags incorporating eco-friendly materials. Rapid adoption of online grocery shopping is also propelling the demand for hermetic bags.
Threats: Intense competition from manufacturers offering alternative shelf life extension packaging formats like controlled atmosphere packaging poses a threat. Strict regulatory norms governing food contact materials also act as a hindrance.
In terms of value, North America and Europe currently hold around 65% of the global hermetic storage bags market share attributed to high consumer spending ability and awareness about food wastage issues in these regions. The Asia Pacific region is anticipated to be the fastest growing market during the forecast period owing to escalating e-commerce activities, rising disposable incomes, and increasing foreign direct investments in countries like India and China.
The hermetic storage bags industry is currently facing many hurdles. One of the major challenges is developing high performance bags from renewable materials that provide equivalent gas and moisture barrier properties as plastic but are completely biodegradable. Another issue is maintaining sealing integrity of bags for long durations under varying temperature conditions without any leakage. Ensuring consistency in barrier quality during mass production also poses difficulties. Gaining widespread consumer acceptance for these bags through extensive testing and certifications from regulatory bodies is a challenge as well. Adapting manufacturing processes for producing affordable hermetic bags within strict compliance of quality standards is equally difficult for players.
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
