Hermetic Storage Bags Market By Type (Single-layer, Double-layer, Triple-layer), By Application (Wheat, Coffe Beans, Corn, and others), and by Region (Europe, North America, Middle East,  Asia Pacific, Africa, and Latin America)- Size, Outlook, Share, and Opportunity Analysis, 2023 – 2030

The Global Hermetic Storage Bags Market is estimated to be valued at US$ 1.68 Billion by 2030 and is expected to exhibit a CAGR of 6.7 over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Dissimilar to common and general jute bags or polypropylene bags utilized to store maize, hermetic bags generally consist of an inner rubber coating in which grains are kept and covered so that they are impermeable. This inhibits oxygen and moisture effort amidst the outside atmosphere and the kept maize. Apart from storing dry agricultural products, hermetic bags also keep the goods without any spoilage or use of pesticides. Consequently, it enhances the overall grain standard and seed viability. It aids enhance seed sustainability from 6 to 12 months in tropical climates.

Competitive Landscapes:

Key players involved in the growth of the global  Hermetic Storage Bags Market are Storezo, Vestergaard, GrainPro, Elite Innovations, PICS, and AgroZ

Market Key Drivers:

Rising agricultural activities and the increasing necessity for storing food are expected to boost the growth of the global Hermetic Storage Bags Market. For instance, as per WBG of agriculture, Agricultural development is one very potential tool to end extreme poverty, increase shared prosperity, and feed around 9.7 billion people by 2050.

Rising trans-oceanic transportation and intercontinental export of grains is anticipated to propel the growth of the global Hermetic Storage Bags Market. For instance, as per EU.Com around 33 million tonnes of grain and other produces had been transferred through the Black Sea Grain Initiative in 2023.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of the global Hermetic Storage Bags Market due to the rising pandemic across the globe. The delay in the supply of raw materials, halt in transportation and the lack of agricultural and industrial productions, and disruption in the supply chain have impeded the market growth.

Key Takeaways:

The Hermetic Storage Bags Market is expected to exhibit a CAGR of 6.7% during the forecast period due to rising producers of grains across the globe. For example, as per FAO in 2023, around  US$ 1.68 Billion metric tonnes of wheat globally.

Among regions North America, Asia Pacific, and Europe are anticipated witness robust growth in the global Hermetic Storage Bags Market due to the rising exports of grains, increasing production of grains, and rising agricultural growth. For instance, as per the report submitted by the Ministry of Agriculture and Farmers, in 2023 the food grain production was around 330.53 million tonnes in India.