Silicone Storage Bags Market

Silicone storage bags are the bags and containers made up of food-grade silicone for the storage of different types of food products. Silicone also is known as polysiloxane, is the polymer formed from siloxane. Generally, they are colorless and appear to be oil or rubber-like substances. Since earlier times, silicone has been extensively used for various products such as sealants, lubricants, medicines, cooking utensils, insulation, and others. The surge in innovation and technology has led to the production of storage bags using silicone. It has been used as a non-toxic material in the cookware industry for the manufacturing of bakeware and kitchen utensils. Silicone storage bags are known as the new alternative of plastic bags, as they are manufactured from derivatives of natural source silicon which is the second most abundant element (28%) of the earth's crust. Silicone is a man-made polymer extracted from silicon, oxygen, carbon, hydrogen, and others consisting of both metal and non-metal properties. The food-grade silicone is considered to be a safer alternative for the storage of food products as compared to plastic bags. 

COVID-19 Scenario Analysis: 

• The COVID-19 pandemic has affected the production of silicone storage bags market as the initial lockdown scenario caused the shutdown of manufacturing units and a shortage of manpower.
• The raw material procurement from the global manufacturers of silicone base material was disrupted due to transportation restrictions, export, and import ban in various countries.
• The supply chain and distribution channels such as retail stores and specialty stores were shut down due to government regulations which led to a decline in sales and revenue of silicone storage bags market.
• The changes in consumer behavior toward the reusable bags and more inclination toward one time use of plastic bags to prevent the spread of the virus from surface contact have created a negative impact on the reusable silicone storage bags.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Silicone has been used for several consumer goods and personal care products for a long time. The food-grade silicone has been used earlier to manufacture containers and lunchboxes for the safe storage of food products and replacement of the plastic containers. Silicone storage bags have created a new trend in the silicone products market. The investment in R&D, advancement in innovation and technology, increasing health consciousness, an alternative source of plastic bags, reusable silicone bags, high resistance of silicon to degradation from temperature change, excessive durability, product life cycle, resistance to cracking and rotting, natural source of raw material, reduced toxicity, eco-friendly silicone storage bags, the safety of marine environment and animals, high disposable income, the surge in awareness about the harmful impact of plastic on natural resources, approval of food regulatory bodies, recyclable product and ease of care are the key drivers which lead the growth of global silicone storage bagsmarket. However,highly-priced products, awareness about new products, availability of alternative storage bags such as plastic hinders market growth.

The global silicone storage bags market trends are as follows:

Launch of silicone storage bags with enhanced properties

The advanced R&D has presented characteristics of silicone such as low thermal conductivity, low chemical activity, low toxicity, thermal stability, water-repelling property, prevention of microbial growth, resistance to oxygen, ozone and ultraviolet lights, high gas permeability and electric insulation property, which makes silicone storage bags advantageous than plastic bags for storage of several products. The silicone storage bags are free from bisphenol A (BPA), bisphenol S (BPS), lead, latex, and phthalates, which are mostly found in plastic bags and cause harmful effects on human health and environment. The silicone storage bags with heat resistant properties can be used for cooking, microwaving, boiling, reheating, freezing without any contamination and degradation that have created a new trend in silicone storage bags market.

The key manufacturers are inclined towards sustainable development by launching silicone storage bags that are compliant to FDA regulations and can be reused and recycled. Stasher, the leading brand of silicone storage bags have launched stasher bags in various shapes, size, and design manufactured from platinum silicone which can be reused numerous times.  

Key Benefits of the Report:

• This study presents the analytical depiction of the global silicone storage bags industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global silicone storage bags market share.
• The current market is quantitatively analyzed to highlight the global silicone storage bags market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides detailed global silicone storage bags market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Silicone Storage Bags Market Research Report:

• What are the leading market players active in the silicone storage bags market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Silicone Storage Bags Market Report Highlights