Sandwich Bags Market To Witness Exponential Growth By 2027
Sandwich bags are becoming popular as it keeps snacks fresh and edible. The sandwich bags market is anticipated to grow at a significant rate during the forecast period owing to the growing disposable income of people and altering food eating patterns across the globe. Rising awareness about the convenience offered by sandwich bags is also boosting their demand. The proliferation of food carriers for schools, offices, and travel is also surging the demand for sandwich bags.
Europe and North America are the major markets for sandwich bags due to higher purchasing power, and availability of several products through different distribution channels. The market in Asia Pacific is also anticipated to show a rise in demand for sandwich bags in the coming years as this region accounts for most of the developing countries and also is most populated. South America and the Middle East & Africa are other regions that are expected to show soaring demand for sandwich bags during the forecast period.
Global Sandwich bags Market: Competitive Landscape
Several regional and global players operate in the sandwich bags market. Leading market players are focusing on further innovation in their products, and business expansion in order to boost their market share.
- Companies are focusing on strengthening their business through product portfolio expansion in different sectors. For example, in October 2017, SC Johnson & Son announced that it had signed an agreement to acquire Ecover (Belgium) and Method (USA). This acquisition helps the company to expand its customer base.
- Growth in local players in the global sandwich bags market is expected to create price competition in the market. Local products are inexpensive compared to premium products which may reduce the sales of premium products. However, focusing on product innovation may reduce this effect.
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S. C. Johnson & Son, Inc.
S. C. Johnson & Son, Inc. is an American multinational company founded in 1886 in Wisconsin, U.S. The company’s portfolio includes car care products, floor care products, household cleaning and scent products, household food storage products etc. It operates across the world with approximately 13,000 employees and owns several brands including Grand pix, Tempo (Car Care), Glo-coat, Mr. Muscle (floor care), Ziploc, and Saran Wrap (households food storage).
Bumkins
Bumkins was established in 1989. The company’s product portfolio includes baby and toddler bibs, children’s smocks, and eco-friendly reusable bags. Based in Arizona, U.S., Bumkins also offers silicone dishware, utensils, and teethers.
Pro-Pack Materials Pte Ltd.
Pro-Pack Materials Pte Ltd. was founded in 1984. The company has presence in eight countries across the globe. Its products include cleaning accessories, packaging, stationary, storage, and transportation and many other products and services.
Some of the international and domestic players operating in the sandwich bags market include Revelae Kids, Stasher, The Glad Products Company, and others.
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Sandwich Bags Market: Dynamics
Change in lifestyle and improvement in standard of living
Rise in disposable income is boosting the purchasing power of people across the globe which influences their lifestyle. Change in lifestyle and improvement in the standard of living of people are shifting food consumption patterns of people. These factors are expected to drive the sandwich bags market during the forecast period.
Expansion of online marketing and selling platforms
Advancement and expansion of modern selling platforms are anticipated to influencing the sandwich bags market positively. Online platforms such as e-commerce sites offer a great opportunity for manufacturers to cater to diverse customers across different regions. Online platforms are helping manufacturers to reach consumers across different regions. Other modern distribution channels such as supermarkets and hypermarkets are also expected to boost the demand for sandwich bags in the near future.
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