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Global Clay Desiccant Bag Market – Industry Trends and Forecast to 2031

Chemical and Materials | Upcoming Report | Apr 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Clay Desiccant Bag Market, By Weight (Less than 20 Grams, 21 to 100 Grams, 101 to 200 Grams, 201 to 500 Grams, and Above 500 Grams), End-User Industry (Electronic and Electric Equipment, Medical Devices, Pharmaceuticals, Automotive Components, Food, and Other Industrial Applications) – Industry Trends and Forecast to 2031.

Clay Desiccant Bag Market Analysis and Size

The clay desiccant market is expected to grow significantly in the coming years, driven by the increasing demand for moisture-sensitive products across various industries, such as electronics, pharmaceuticals, and food packaging. Clay desiccants are preferred for their natural, non-toxic properties and ability to efficiently absorb moisture, thus extending the shelf life of products and preventing damage.

The global clay desiccant bag market size was valued at USD 1.18 billion in 2023 and is projected to reach USD 1.76 billion by 2031, with a CAGR of 5.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Weight (Less than 20 Grams, 21 to 100 Grams, 101 to 200 Grams, 201 to 500 Grams, and Above 500 Grams), End-User Industry (Electronic and Electric Equipment, Medical Devices, Pharmaceuticals, Automotive Components, Food, and Other Industrial Applications)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America

Market Players Covered

MPAK CORPORATION (U.S.), GeeJay Chemicals Ltd. (U.S.), Flow Dry Technology, Inc. (U.S.), International Plastics Inc. (U.S.), Clariant (Switzerland), SORBEAD INDIA (India), Propagroup (Italy), VA Pharma Pack. (India), DESICCARE, INC. (U.S.), Graphic Packaging International, LLC (U.S.), GreenPaper (U.S.), Paperworks Industries, Inc. (Canada), WestRock Company (U.S.), Smurfit Kappa (Ireland), Krones AG (Germany), Amcor plc (Switzerland),  Graham Packaging Company (U.S.), Sonoco Products Company (U.S.), and Sealed Air (U.S.)

Market Opportunities

  • Focus on Sustainability
  • Growing Awareness and Education

Market Definition

A clay desiccant bag is a small pouch or packet filled with natural clay desiccants that absorb moisture. Packaging bags are commonly used to protect products from moisture damage during storage and transportation. Clay desiccants absorb moisture vapor in the air, helping maintain a dry environment around the packaged product.

Clay Desiccant Bag Market Dynamics

Drivers

  • Increasing Demand for Electronics

Sensitive components such as semiconductors and circuit boards are highly susceptible to moisture damage, leading to malfunctions and reduced lifespan. Clay desiccants provide an effective solution by absorbing moisture from the air within the packaging, ensuring the integrity of electronic products during storage and transportation. The need for reliable moisture control solutions is growing with increasing demand for electronics, driving market growth.

  • Expanding Pharmaceutical Sector

The pharmaceutical industry's expansion, driven by population growth and increasing healthcare needs, fuels the demand for clay desiccants. Pharmaceutical products, especially tablets, capsules, and powders, are highly sensitive to moisture, degrading their quality and effectiveness. Clay desiccants play a crucial role in maintaining these products' stability and shelf life by absorbing excess moisture. With stringent regulations mandating moisture control in pharmaceutical packaging, the demand for clay desiccants is expected to rise steadily as the sector expands.

  • Rising Food Safety Concerns

In the food industry, ensuring product safety and quality is paramount, moisture in food packaging can lead to mold growth, spoilage, and reduced shelf life, posing serious health risks to consumers. Clay desiccants help mitigate these risks by absorbing excess moisture, thereby preserving the freshness and quality of packaged food products. As food safety concerns continue to rise globally, the demand for clay desiccants in food packaging is expected to increase, driving market growth.

Opportunities

  • Focus on Sustainability

Unlike synthetic desiccants, clay desiccants are natural and environmentally friendly, making them a preferred choice for eco-conscious consumers and businesses. With sustainability becoming a key consideration in purchasing decisions, the demand for clay desiccants is expected to rise. The increasing emphasis on sustainability in packaging presents a significant market opportunity for clay desiccants.

  • Growing Awareness and Education

The market for clay desiccants is poised for expansion due to growing industry awareness about their effectiveness in moisture control. As industries become more educated about the benefits of clay desiccants, they increasingly incorporate them into their packaging solutions. This trend is fueled by the need to protect products from moisture damage and ensure their quality and integrity. Manufacturers can leverage this opportunity by providing informative materials and demonstrations to showcase the advantages of clay desiccants, creating new opportunities for the market.

Restraints/ Challenges

  • Regulatory Compliance and Standards

Regulatory bodies often impose strict guidelines on the use of desiccants in various industries, particularly in pharmaceuticals and food packaging, to ensure product safety and quality. Meeting these regulations requires continuous monitoring and adherence to standards, which can be complex and costly for manufacturers. One of the significant challenges for the clay desiccant market is the need to comply with stringent regulations and standards.

  • Competition from Synthetic Desiccants

While clay desiccants are natural and environmentally friendly, synthetic desiccants often offer higher moisture absorption capacities and are perceived as more effective in some applications. This competition can make it challenging for clay desiccant manufacturers to join certain market segments and compete on performance metrics.

This clay desiccant bag market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the clay desiccant bag market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In June 2023, Clariant, a specialty chemical company focused on sustainability, enhanced its efforts to reduce the environmental impact of desiccants. They introduced plastic-free Desi Pak ECO moisture-absorbing packets to their range of responsibly sourced, highly adsorbent, natural clay solutions. These solutions assist manufacturers and distributors in safeguarding sealed packaged goods from moisture damage
  • In April 2023, Clariant revealed the inauguration of its latest CATOFIN catalyst production facility in Jiaxing, Zhejiang Province, China. This investment in innovations such as CATOFIN aligns with Clariant's new purpose-driven strategy, as articulated in the statement 'Greater chemistry – between people and planet.' The site is expected to establish Clariant's growing presence in China

Clay Desiccant Bag Market Scope

The clay desiccant bag market is segmented on the basis of weight and end- user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Weight

  • Less than 20 Grams
  • 21 to 100 Grams
  • 101 to 200 Grams
  • 201 to 500 Grams
  • Above 500 Grams

End-User Industry

  • Electronic and Electric Equipment
  • Medical Devices, Pharmaceuticals
  • Automotive Components
  • Food
  • Other Industrial Applications

Clay Desiccant Bag Market Regional Analysis/Insights

The clay desiccant bag market is analyzed and market size insights and trends are provided by country, weight and end- user industry as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America is expected to dominate the market due to rising demand from the U.S. and Canada, stringent regulations concerning packaging, and a growing need for superior storage and transportation solutions.

Asia-Pacific is expected to be the fastest growing during the forecast period due to factors such as the increasing number of manufacturing industries, rising demand for packaged consumer goods, growth and diversification of various end-user sectors, rapid industrialization, growing awareness of the benefits of clay desiccant bags, and higher levels of personal disposable income.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Clay Desiccant Bag Market Share Analysis

The clay desiccant bag market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • IMPAK CORPORATION (U.S.)
  • GeeJay Chemicals Ltd. (U.S.)
  • Flow Dry Technology, Inc. (U.S.)
  • International Plastics Inc. (U.S.)
  • Clariant (Switzerland)
  • SORBEAD INDIA (India)
  • Propagroup (Italy)
  • VA Pharma Pack. (India)
  • DESICCARE, INC. (U.S.)
  • Graphic Packaging International, LLC (U.S.)
  • GreenPaper (U.S.)
  • Paperworks Industries, Inc. (Canada)
  • WestRock Company (U.S.)
  • Smurfit Kappa (Ireland)
  • Krones AG (Germany)
  • Amcor plc (Switzerland)
  • Graham Packaging Company (U.S.)
  • Sonoco Products Company (U.S.)
  • Sealed Air (U.S.)


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