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Retail Bag Trends and Forecast
The future of the global retail bag market looks promising with opportunities in the grocery store and food service markets. The global retail bag market is expected to reach an estimated $20.6 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing acceptance of environmentally friendly and sustainable packaging options, expanding number of supermarkets and retail centers, using more recycling and bio-based plastic in place of virgin plastic, and increased focus on branding and marketing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Retail Bag by Segment
The study includes a forecast for the global retail bag by material type, end use, and region.
Retail Bag Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Plastic
• Paper
• Others
Retail Bag Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Grocery Stores
• Food Service
• Others
Retail Bag Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Retail Bag Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies retail bag companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the retail bag companies profiled in this report include-
• BioPak Pty
• Mondi
• El Dorado Packaging
• International Paper
• Attwoods Packaging
• Global-Pak
• The Carry Bag
Retail Bag Market Insights
Lucintel forecasts that plastic is expected to witness the higher growth over the forecast period due to their affordability, adaptability, robustness, and simplicity of manufacture.
North America is expected to witness highest growth over the forecast period because the retailers in the area frequently see retail bags as an extension of their marketing and branding initiatives.
Features of the Global Retail Bag Market
Market Size Estimates: Retail bag market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Retail bag market size by material type, end use, and region in terms of value ($B).
Regional Analysis: Retail bag market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material type, end use, and regions for the retail bag market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the retail bag market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the retail bag market size?
Answer: The global retail bag market is expected to reach an estimated $20.6 billion by 2030.
Q2. What is the growth forecast for retail bag market?
Answer: The global retail bag market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the retail bag market?
Answer: The major drivers for this market are growing acceptance of environmentally friendly and sustainable packaging options, expanding number of supermarkets and retail centers, using more recycling and bio-based plastic in place of virgin plastic, and increased focus on branding and marketing.
Q4. What are the major segments for retail bag market?
Answer: The future of the global retail bag market looks promising with opportunities in the grocery store and food service markets.
Q5. Who are the key retail bag market companies?
Answer: Some of the key retail bag companies are as follows:
• BioPak Pty
• Mondi
• El Dorado Packaging
• International Paper
• Attwoods Packaging
• Global-Pak
• The Carry Bag
Q6. Which retail bag market segment will be the largest in future?
Answer: Lucintel forecasts that plastic is expected to witness the higher growth over the forecast period due to their affordability, adaptability, robustness, and simplicity of manufacture.
Q7. In retail bag market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because the retailers in the area frequently see retail bags as an extension of their marketing and branding initiatives.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the retail bag market by material type (plastic, paper, and others), end use (grocery stores, food service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Retail Bag Market, Retail Bag Market Size, Retail Bag Market Growth, Retail Bag Market Analysis, Retail Bag Market Report, Retail Bag Market Share, Retail Bag Market Trends, Retail Bag Market Forecast, Retail Bag Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Retail Bag Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Retail Bag Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Retail Bag Market by Material Type
3.3.1: Plastic
3.3.2: Paper
3.3.3: Others
3.4: Global Retail Bag Market by End Use
3.4.1: Grocery Stores
3.4.2: Food Service
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Retail Bag Market by Region
4.2: North American Retail Bag Market
4.2.2: North American Retail Bag Market by End Use: Grocery Stores, Food Service, and Others
4.3: European Retail Bag Market
4.3.1: European Retail Bag Market by Material Type: Plastic, Paper, and Others
4.3.2: European Retail Bag Market by End Use: Grocery Stores, Food Service, and Others
4.4: APAC Retail Bag Market
4.4.1: APAC Retail Bag Market by Material Type: Plastic, Paper, and Others
4.4.2: APAC Retail Bag Market by End Use: Grocery Stores, Food Service, and Others
4.5: ROW Retail Bag Market
4.5.1: ROW Retail Bag Market by Material Type: Plastic, Paper, and Others
4.5.2: ROW Retail Bag Market by End Use: Grocery Stores, Food Service, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Retail Bag Market by Material Type
6.1.2: Growth Opportunities for the Global Retail Bag Market by End Use
6.1.3: Growth Opportunities for the Global Retail Bag Market by Region
6.2: Emerging Trends in the Global Retail Bag Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Retail Bag Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Retail Bag Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: BioPak Pty
7.2: Mondi
7.3: El Dorado Packaging
7.4: International Paper
7.5: Attwoods Packaging
7.6: Global-Pak
7.7: The Carry Bag
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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