Retail Bags Market Report 2024 - Key Trends Include Biodegradable Bags, Eco-Friendly Materials, Smart Packaging Solutions And Subscription-Based Models - A $23.66 Billion Market In 2028
Retail Bags Market Report 2024 - Key Trends Include Biodegradable Bags, Eco-Friendly Materials, Smart Packaging Solutions And Subscription-Based Models - A $23.66 Billion Market In 2028 . (MENAFN - GlobeNewsWire - Nasdaq) Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Retail Bags Market Report 2024" has been added to  ResearchAndMarkets.com's  offering.The retail bags market size has ...
América - MenaFN
(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Retail Bags Report 2024" has been added to ResearchAndMarkets.com's offering.

The retail bags market size has grown strongly in recent years, from $16.84 billion in 2023 to $17.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The increase observed in the past can be linked to factors such as urbanization, a surge in tourism, a rise in home delivery services, growth in e-commerce, and an uptick in online shopping.

The retail bags market size is expected to see strong growth in the next few years, growing to $23.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth during the forecast period is driven by the expanding retail sector, the increasing number of shopping malls, heightened awareness of waste production, a rise in supermarkets, and growing consumer expenditure. Key trends expected in this period include technological innovations, the use of biodegradable bags, eco-friendly materials, smart packaging solutions, and subscription-based models.

The growth of e-commerce is expected to drive expansion in the retail bags market moving forward. E-commerce, which involves buying and selling goods and services over the Internet, has seen significant growth due to advancements in mobile technology, digital marketing, logistics, and supply chain management. Retail bags play a crucial role in e-commerce by facilitating the packaging and delivery process, thereby enhancing customer convenience. For example, in the first quarter of 2024, U.S. retail e-commerce sales reached approximately $289.2 billion, showing a 2.1% increase (0.7%) from the previous quarter, according to data from the United States Census Bureau. Therefore, the rise of e-commerce is a key driver for the growth of the retail bags market.

Leading companies in the retail bags market are focusing on innovation, particularly in developing environmentally friendly products such as locally-made retail paper bags, to promote sustainability and improve product durability. Locally-made retail paper bags are crafted within specific geographic areas or communities, offering businesses an opportunity to align with sustainability goals and support local economies. For instance, Visy Industries, an Australia-based packaging and recycling company, introduced locally-made retail paper bags in February 2024. These bags are constructed from thicker paper material, ensuring enhanced strength and durability suitable for carrying heavier items without risk of tearing. They are fully recyclable through Australian curbside recycling programs, providing consumers with a convenient and eco-friendly disposal option.

Major companies operating in the retail bags market are Flexo Converters USA, International Paper, Smurfit Kappa Group, Mondi Group, Novolex, Burberry Group, ProAmpac Intermediate, Coveris, Antalis Group, Atlantic Packaging, Welton Bibby and Baron, BioPak, EI Dorado Packaging, Global-Pak, Rutan Poly Industries, Atlantic Poly, Attwoods Packaging, GreenPack, Rainbow Packaging, SPP Poly Pack, The Carry Bag Company, Kiwi Office and Europages UK.

This report focuses on retail bags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Scope Markets Covered:

By Material Type: Plastic; Paper; Other Material Types

By Pattern: Textured; Printed; Solid; Other Patterns By End User: Grocery Stores; Food Service; Other End Users Key Companies Mentioned: Flexo Converters USA; International Paper; Smurfit Kappa Group plc; Mondi Group plc; Novolex Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Key Attributes:



Report Attribute Details No. of Pages 175 Forecast Period 2024 - 2028 Estimated Market Value (USD) in 2024 $17.98 Billion Forecasted Market Value (USD) by 2028 $23.66 Billion Compound Annual Growth Rate 7.1% Regions Covered Global



Key Topics Covered:

1. Executive Summary

2. Retail Bags Market Characteristics

3. Retail Bags Market Trends and Strategies

4. Retail Bags Market - Macro Economic Scenario

5. Global Retail Bags Market Size and Growth

5.1. Global Retail Bags Market Drivers and Restraints

5.2. Global Retail Bags Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Retail Bags Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Retail Bags Market Segmentation

6.1. Global Retail Bags Market, Segmentation by Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion



Plastic

Paper Other Material Types

6.2. Global Retail Bags Market, Segmentation by Pattern, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion



Textured

Printed

Solid Other Patterns

6.3. Global Retail Bags Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion



Grocery Stores

Food Service Other End Users

7. Retail Bags Market Regional and Country Analysis

7.1. Global Retail Bags Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Retail Bags Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8-29. Region and Country Breakdown

30. Retail Bags Market Competitive Landscape and Company Profiles

30.1. Retail Bags Market Competitive Landscape

30.2. Retail Bags Market Company Profiles



Flexo Converters USA

International Paper

Smurfit Kappa Group

Mondi Group Novolex

31. Retail Bags Market Other Major and Innovative Companies



Burberry Group

ProAmpac Intermediate

Coveris

Antalis Group

Atlantic Packaging

Welton Bibby and Baron

BioPak

EI Dorado Packaging

Global-Pak

Rutan Poly Industries

Atlantic Poly

Attwoods Packaging

GreenPack Limited

Rainbow Packaging SPP Poly Pack

32. Global Retail Bags Market Competitive Benchmarking

33. Global Retail Bags Market Competitive Dashboard

34. Key Mergers and Acquisitions in the Retail Bags Market

35. Retail Bags Market Future Outlook and Potential Analysis

35.1 Retail Bags Market in 2028 - Countries Offering Most New Opportunities

35.2 Retail Bags Market in 2028 - Segments Offering Most New Opportunities

35.3 Retail Bags Market in 2028 - Growth Strategies

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

Retail Bags Market

CONTACT: CONTACT: Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Jordania
https://menafn.com/images/Menafn_SmallLogo.jpg
https://menafn.com/1108865210/Retail-Bags-Market-Report-2024-Key-Trends-Include-Biodegradable-Bags-Eco-Friendly-Materials-Smart-Packaging-Solutions-And-Subscription-Based-Models-A-2366-Billion-Market-In-2028
2024-11-08
rss
(MENAFN - GlobeNewsWire - Nasdaq) Dublin, Nov. 08, 2024 (GLOBE NEWSWIRE) -- The "Retail Bags Market Report 2024" has been added to  ResearchAndMarkets.com's  offering.The retail bags market size has ...
Retail Bags Market Report 2024 - Key Trends Include Biodegradable Bags, Eco-Friendly Materials, Smart Packaging Solutions And Subscription-Based Models - A $23.66 Billion Market In 2028