The retail bags market has shown strong growth, with its size increasing from $16.84 billion in 2023 to $17.98 billion in 2024, at a compound annual growth rate (CAGR) of 6.8%. This growth can be attributed to rising urbanization, increased tourism, growth in home delivery services, the expansion of e-commerce, and a surge in online shopping. The market is expected to continue its strong growth, reaching $23.66 billion by 2028 at a CAGR of 7.1%. This projected growth is driven by the expanding retail industry, more shopping malls, heightened awareness of waste generation, an increase in supermarkets, and rising consumer spending. Major trends during this forecast period include technological advancements, the adoption of biodegradable bags, the use of eco-friendly materials, smart packaging solutions, and subscription models.
Global Retail Bags Market Key Driver
The increasing pet ownership is expected to propel the growth of the raw, fresh, and frozen dog food market. Pet ownership, driven by companionship, emotional support, and improved living standards, is on the rise. Pet owners increasingly choose raw, fresh, and frozen dog food for its nutritional benefits. For instance, the American Pet Products Association (APPA) reported in June 2021 that the percentage of American families keeping pets increased from 67% in 2021 to 70% in 2022. Therefore, rising pet ownership is driving the growth of the raw, fresh, and frozen dog food market.
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Global Retail Bags Market Segments
The retail bags market covered in this report is segmented –
1) By Material Type: Plastic, Paper, Other Material Types
2) By Pattern: Textured, Printed, Solid, Other Patterns
3) By End User: Grocery Stores, Food Service, Other End Users
By Geography:The regions covered in the retail bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the retail bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Retail Bags Industry Players
Flexo Converters USA, International Paper, Smurfit Kappa Group plc, Mondi Group plc, Novolex Inc., Burberry Group plc, ProAmpac Intermediate Inc., Coveris SA, Antalis Group, Atlantic Packaging, Welton Bibby and Baron Limited, BioPak Pty Ltd., EI Dorado Packaging Inc., Global-Pak Inc., Rutan Poly Industries Inc., Atlantic Poly Inc., Attwoods Packaging, GreenPack Limited, Rainbow Packaging Inc., SPP Poly Pack Pvt Ltd., The Carry Bag Company, Kiwi Office, Europages UK
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Retail Bags Market Overview
Retail bags are containers used by retailers to carry purchases made by customers. They come in various materials, sizes, and designs depending on the store's branding and environmental considerations. It provide customers with a convenient way to carry their purchased items from the store to their homes or other destinations.
Retail Bags Global Market Report 2023 provides data on the global retail bags market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The retail bags market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
