May 22, 2024
Hermetic Storage Bags Market

The Global Hermetic Storage Bags Market Driven By Increasing Demand For Fresh And Dry Food Preservation

Hermetic storage bags are sealed bags made from multilayer plastic films and foils which help preserve the freshness and taste of food items stored in them for longer durations. These bags are equipped with one-way valves made from plastic or metal which allow air and moisture to escape while preventing external air or moisture from entering. This helps maintain an oxygen-depleted and low moisture environment inside the bag which delays spoilage and aging of food items. Commonly stored food items in hermetic storage bags include cereals, snacks, dry fruits, bread, cookies, biscuits and pet food. The valves create a partial vacuum inside the bag after sealing which helps expand its life span by slowing microbial growth.

The global hermetic storage bags market is estimated to be valued at US$ 1.5 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 hermetic storage bags market is the increasing demand for long shelf-life food products with minimal preservatives. Consumers are increasingly opting for natural and clean label foods packed in materials that promise freshness without added preservatives. Hermetic storage bags extend the shelf life of products by 3 to 5 times compared to regular bags through their protective vacuum sealing technology. Another key trend is the rising health-conscious population focused on hygienic food packaging and storage. Hermetic bags do not allow air circulation or moisture entry helping consumers store grain-based snacks, cereals and dry fruits in a bacteria-free, hygienic environment. The growing urban population and changing lifestyles have accelerated the demand for easy to use on-the-go food options conveniently packed in hermetic bags.

Porter’s Analysis

Threat of new entrants: Low capital requirement to manufacture hermetic storage bags makes threat of new entrants high.

Bargaining power of buyers: Large retail buyers can negotiate lower prices for bulk orders giving them higher bargaining power.

Bargaining power of suppliers: Specialized machinery and raw material suppliers give existing suppliers an edge over potential new suppliers.

Threat of new substitutes: Low availability of viable alternatives makes threat of substitutes low for hermetic storage bags.

Competitive rivalry: High competition exists between small and large manufacturers to cater to diverse buyer needs.

Key Takeaways

The Global Hermetic Storage Bags Market Demand is expected to witness high growth. Being moisture and oxygen resistant, demand for hermetic storage bags is increasing from food processing and other industries to extend product shelf life.

North America dominates the global market due to large food processing industry in the region. Asia Pacific is the fastest growing market for hermetic storage bags driven by rising incomes and changing lifestyles in countries like India and China.

Key players operating in the hermetic storage bags market are Air Liquid Uniqpack, Air Products, Amcor Ltd., Bemis Company Inc., Flexopack SA, International Plastics Inc., Coveris Holdings SA, Berry Global, and Sealed Air Corporation. They cater to diverse industry verticals using specialized hermetic storage bag formulations and solutions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it