Packaging Grip Seal Bag Market Trends & Forecast | Page 2

chemical and petrochemical, cosmetics, pharmaceuticals, textiles, food and
beverages, industrial retail, manufacturing and automobile, out of which, the
food and beverages segmented is expected to have leading market shares.
Additionally, the pharmaceutical industry is anticipated to generate huge
demand on the back of industrial expansion in developing countries.
On the regional basis, the market is segmented into North America, Europe,
Asia-Pacific, Latin America and Middle East and Africa. Asia-Pacific is
anticipated to have leading share in the market revenue owing to the
increment in industrialization and rapid urbanization. Europe has major
share in production and export of bags as European manufacturers export
the bags to Middle East, Asia-Pacific and North America.
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Innovations and Investment in the product development
The latest innovations in the manufacturing industry has resulted in the
invention of modified atmosphere packaging, commonly known as (MAP)
which is able to resist both oxygen and water penetration.
Prevalence of Rise in the demand from the end use industries
The rising demand for grip seal bags from the various end use industries will
fuel the market growth as the bags have versatile use from food industry to
jewelry and accessories industry.
Prevalence of Low Product cost