Retail Bags Market

Market Overview:

The global retail bags market size reached US$ 18.74 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.86 Billion by 2028, exhibiting a growth rate (CAGR) of 6.09% during 2023-2028. The growing number of shopping malls and supermarkets, increasing utilization of recycling and bio-based plastic to replace the use of virgin plastic, and thriving retail sector represent some of the key factors driving the market.

Retail bags, also known as shopping bags or merchandise bags, are functional packaging solutions used by businesses to pack and carry products for customers. They not only serve as a means of transportation but also play a significant role in brand identity, customer experience, and marketing strategies. They are designed in a creative manner, as they resonate with the target audience and convey the message of the brand effectively. They are customizable as colors, patterns, logos, and slogans are often incorporated into the design of bags to create visually appealing and recognizable packaging. They are manufactured with durable materials and sturdy handles to ensure that customers can safely carry their purchases without any inconvenience. They are available in numerous shapes and sizes, as they should accommodate various products while maintaining a sleek and organized appearance. As they can serve as cost-effective marketing tools by printing promotional messages, discounts, or social media handles on them, the demand for retail bags is rising across the globe.

Retail Bags Market Trends:

At present, the increasing number of shopping malls and supermarkets, along with the thriving retail sector, represents one of the key factors supporting the growth of the market. Besides this, there is a rise in the demand for paper materials to manufacture retail bags due to the growing regulations and bans for plastic material usage in retail bags across the globe. This, along with the increasing utilization of recycling and bio-based plastic to replace the use of virgin plastic, is propelling the growth of the market. In addition, the escalating demand for retail bags as practical packaging solutions that contribute to branding, customer experience, and marketing efforts is strengthening the growth of the market. Moreover, the growing demand for customized retail bags that can effectively convey the image, enhance customer loyalty, and create a positive impression in the competitive retail landscape is offering a favorable market outlook. In line with this, the wide availability of kraft paper, white cardboard, offset paper, recycled or eco-friendly paper, and newsprint paper to manufacture retail bags is contributing to the growth of the market. Apart from this, key players are focusing on recycled paper bags to prevent deforestation issues in conventional paper production for retail bags. These recycled paper bags are like conventional paper and can be used to contain various retail goods.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global retail bags market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on material type and end user.

Material Type Insights:

• Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Others
• Paper
• Others
   

The report has provided a detailed breakup and analysis of the retail bags market based on the material type. This includes plastic [polyethylene (PE), polypropylene (PP), and others], paper and others. According to the report, plastic represented the largest segment.

End User Insights:

• Grocery Stores
• Food Service
• Others
   

A detailed breakup and analysis of the retail bags market based on the end user has also been provided in the report. This includes grocery stores, food service, and others. According to the report, grocery stores accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for retail bags. Some of the factors driving the Asia Pacific retail bags market included the growing number of production plants, increasing customer base, thriving retail sector, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global retail bags market. Detailed profiles of all major companies have been provided. Some of the companies covered include Atlantic Poly, Inc., International Paper Company, Novolex Corporate, Rainbow Packaging, Inc., Rutan Poly Industries, Inc., Smurfit Kappa Group PLC, The Carry Bag Company, Welton Bibby & Baron, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global retail bags market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global retail bags market?
• What is the impact of each driver, restraint, and opportunity on the global retail bags market?
• What are the key regional markets?
• Which countries represent the most attractive retail bags market?
• What is the breakup of the market based on the material type?
• Which is the most attractive material type in the retail bags market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the retail bags market?
• What is the competitive structure of the global retail bags market?
• Who are the key players/companies in the global retail bags market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the retail bags market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global retail bags market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the retail bags industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.