Global Mini Desiccant Bags Market Share Likely to Grow at a CAGR of 1.9% By 2030
According to Custom Market Insights (CMI), The Global Mini Desiccant Bags Market was estimated at USD 156.34 million in 2021 and is expected to reach USD 180.32 with a CAGR of 1.9% during the forecast period of 2022-2030.
Mini desiccant bags high sealed types of polyolefin fibers that are highly durable and resistant material. These desiccant bags are widely used for packaging in the pharmaceutical and food industries. The mini desiccant bags have a composition of silica gel and a molecular sieve that absorb moisture and dirt from the package they are kept in. The bags prevent the materials from corrosion, water, and dirt to increase the quality and shelf life of the product.
Browse the full “Mini Desiccant Bags Market Size, Trends, and Insights By Type (Silica Gel, Molecular Sieve, Activated Carbon, Calcium Chloride), By Application (Food, Electronics, Medical and Pharma, Beauty & Personal Care, Other), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030” report at ReportURL.
Demand for desiccant bags across various industries is anticipated to boost market growth.
Multiple sectors, including food and pharmaceuticals, need desiccant bags to remove the moisture from their packages, driving the market growth. The desiccant bags are used in packaged or processed food products to prevent them from moisture and maintain their shelf life.
Rapid urbanization coupled with the increased consumer base propels the desiccant bags market growth.
In regions such as Asia-Pacific, people tend to shift toward fast-paced life, which has increased the consumption of packaged foods. Hence, the increased consumer base and the transformed lifestyle are expected to boost the market growth for mini desiccant bags.
Despite the majority of preferences, some factors may hamper the growth of the global desiccant bags market. The inner materials in the bag can cause health issues like nasal and throat irritation to many people after exposure. Exposure to the bag’s inner substance in the environment may cause respiratory problems for many. Hence, they need to implement a strict protocol for their disposal. Such factors can hamper market growth.
The hike in machinery setup costs may also restrict the market growth for mini desiccant bags. The machinery setup not only has a high price settlement but also requires frequent maintenance from time to time.
The market for desiccant bags is expected to have considerable significance due to the rise in demand from the food industries. Various food brand owners that employ innovative packaging require these bags to keep the food safe from dirt and moisture. The broad preference from the food industries creates an ample opportunity for the desiccant bags market to upscale. The market is expected to expand further over the coming years as many people tend to shift towards the rapid consumption of packaged foods, which will provide immense opportunity to the desiccant bags market over the coming years.
Additionally, desiccant bags are widely used in military applications to prevent the equipment from corrosion and degradation through moisture. These bags are also used to combat odor. The wide usage of military-based aspects is anticipated to provide lucrative opportunities for the market.
Silica gel is the commonly used component of the desiccant bag to absorb moisture. However, the wide usage of silica gel may create challenges for the mini desiccant bags market. The specific type of silica gel contains cobalt-chloride in its composition, which can be detrimental to the environment and is said to have a cancerous effect. Despite their wide usage in public places, they often cause problems like skin and eye irritation when the bag’s inner materials are exposed or come in contact with people. Such factors may provide a challenging ground for the desiccant bags market.
Based on Type, the silica gel segment held the largest market share in 2021 and is expected to witness significant growth during the forecast period, with a CAGR of 4.6%. This significant growth can be attributed to the extensive usage of silica gels across various industries, including electronics, packaging, and pharmaceuticals.
Based on an end-user or Application, the food industry held the dominant market position with 34.6 % of the desiccant bags market share. It is further projected to grow at a CAGR of 5.9% during the forecast period. The food industries seek high demand for desiccant bags to prevent their packages from moisture. Such attributive factor leads to upscale in market growth.
Based on region, the Asia Pacific segment dominated the market in 2021 with more than 30% of the market share. This can be attributed to the increase in demand in volume and value for desiccant bags across various industries to increase the shelf-life and quality of the product. Apart from that, the APAC regions have a large consumer base for processed and packaged foods, which increases the market value and demand for mini desiccant bags across such regions. The wide usage of bags in different areas such as food, pharmaceutical, military, sea cargo shipping, and electronics has propelled the market growth for mini desiccant sea bags across APAC.
|Feature of the Report||Details|
|Market Size in 2021||USD 156.34 million|
|Projected Market Size in 2030||USD 180.32 million|
|CAGR Growth Rate||1.9% CAGR|
|Prominent Players||Multisorb, Clariant, Sanner, Chunwang, Absortech, Sinchem Silica Gel, Splack, OhE Chemicals, Mitsubishi Gas Chemical, Desiccare Inc., TRACK, IMPAK Corporation, WidgetCo, Weihai Pearl Silica Gel, and Others|
|Key Segment||By Type, Application, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
- Sinchem Silica Gel
- OhE Chemicals
- Mitsubishi Gas Chemical
- Desiccare, Inc.
- IMPAK Corporation
- Weihai Pearl Silica Gel
· In November 2019, a US-based private equity firm named Arsenal Capital Partners announced the acquisition of the healthcare packaging business. The company changed the brand name to Airnov, which is expected to produce a wide range of anti-oxidation products which are useful for pharmaceutical, neutraceutical, and diagnostic markets.
Market segments covered in the report
- Silica Gel
- Molecular Sieve
- Activated Carbon
- Calcium Chloride
- Medical and Pharma
- Beauty & Personal Care
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Saudi Arabia
- South Africa
- Rest of LAMEA