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The size of the global shopping bag market was estimated at USD 11.15 million in 2022 and is expected to increase to USD 19.79 million by 2030, rising at a CAGR of 6.80% over the forecast period (2023-2030) from USD 12.68 million in 2023.
When people go shopping regularly, they substantially benefit from having shopping bags. Globally rising income levels and living standards have increased the demand for these products. Businesses continue to place a strong emphasis on the production of high-quality bags in an effort to give customers a pleasant shopping experience. Businesses have been considerably helped in addressing consumer demand for environmentally friendly products by the invention of biodegradable bags. Businesses frequently incorporate recyclable materials into the design of their bags to reduce their carbon footprint.
Additionally, in order to persuade consumers to purchase their products, manufacturers place a high priority on designing colorful, fashionable bags. Modern marketing and promotion techniques are used by firms to promote their products. Businesses are concentrating on the commercial industry to produce customized bags for their corporate clientele. For instance, the Prahu Naidu Company is focusing on producing bags in a variety of sizes and shapes for D-Mart stores all over India. Shopping bag sales are anticipated to increase as a result of the introduction of fresh FMCG brands and growing global demand for products related to personal care and the home. The demand for these products has increased as a result of evolving trends in both offline and online shopping. The growing popularity of high-end groceries and luxury goods among consumers also contributes to the demand for a variety of shopping bags.
The launch of newer FMCG brands and rising global demand for products connected to personal care and home are both expected to boost shopping bag sales. Rising trends in both offline and online purchasing have boosted demand for these products. The demand for a range of shopping bags is also fueled by consumers' evolving tastes for luxury goods and high-end grocery items.
Growing shopping mall and convenience store infrastructure makes it easier for consumers to shop, which in turn increases demand for these purses that are simple to carry. These items are frequently provided by retail establishments to package and transport the customer's groceries. The abundance of inexpensive grocery bags, however, is expected to curb the demand for upscale shopping bags and, as a result, limit the market's expansion. Additionally, a rapid breakdown in the global supply chain network brought on by the COVID-19 epidemic is anticipated to impede market expansion.
It is projected that rising consumer demand would boost market expansion for household and personal care products. Regulations on plastic bags led to the introduction of eco-friendly bags. The expected decrease in demand for upmarket shopping bags results from the widespread availability of affordable alternatives. Low-quality bags are readily available, causing safety issues. Retailers usually encourage customers to bring their own reusable bags while also providing a variety of reusable paper or plastic bags for purchase at a fair price. Due to regulation compliance, there will be a greater competition between paper and plastic for takeout containers.
The market for shopping bags is very competitive and relatively fragmented. To improve the equipment they offer to their consumers and grow their businesses internationally, businesses are working on new product launches and other activities. These market leaders are increasing their clientele in a number of ways, and many businesses are creating clever alliances with new start-ups to gain market share and profitability.
Report Coverage
Global Shopping Bag research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shopping Bag report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shopping Bag competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shopping Bag market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shopping Bag market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shopping Bag market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mondi Group, Berry Global Inc., Novolex Holdings Inc., Smurfit Kappa Group, Amcor Limited International Paper Company, Genpak LLC, Huhtamaki Oyj, DS Smith Plc, WestRock Company, ProAmpac LLC, Klöckner Pentaplast Group, Uflex Ltd., Sealed Air Corporation, Coveris Holdings S.A., Interplastica Group, Alpack Packaging, Supreme Creations Ltd., Ronpak Starlinger & Co. GmbH
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shopping Bag market based on the below-mentioned segments:
Global Shopping Bag Market, By Product Type
Reusable bags
Non-Reusable Bags
Global Shopping Bag market, By Material
Paper
Cotton
Plastic
Jute & Hemp and Others.
Global Shopping Bag Market, By Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Online Stores
Others
Global Shopping Bag market, Regional Analysis
When people go shopping regularly, they substantially benefit from having shopping bags. Globally rising income levels and living standards have increased the demand for these products. Businesses continue to place a strong emphasis on the production of high-quality bags in an effort to give customers a pleasant shopping experience. Businesses have been considerably helped in addressing consumer demand for environmentally friendly products by the invention of biodegradable bags. Businesses frequently incorporate recyclable materials into the design of their bags to reduce their carbon footprint.
Additionally, in order to persuade consumers to purchase their products, manufacturers place a high priority on designing colorful, fashionable bags. Modern marketing and promotion techniques are used by firms to promote their products. Businesses are concentrating on the commercial industry to produce customized bags for their corporate clientele. For instance, the Prahu Naidu Company is focusing on producing bags in a variety of sizes and shapes for D-Mart stores all over India. Shopping bag sales are anticipated to increase as a result of the introduction of fresh FMCG brands and growing global demand for products related to personal care and the home. The demand for these products has increased as a result of evolving trends in both offline and online shopping. The growing popularity of high-end groceries and luxury goods among consumers also contributes to the demand for a variety of shopping bags.
The launch of newer FMCG brands and rising global demand for products connected to personal care and home are both expected to boost shopping bag sales. Rising trends in both offline and online purchasing have boosted demand for these products. The demand for a range of shopping bags is also fueled by consumers' evolving tastes for luxury goods and high-end grocery items.
Growing shopping mall and convenience store infrastructure makes it easier for consumers to shop, which in turn increases demand for these purses that are simple to carry. These items are frequently provided by retail establishments to package and transport the customer's groceries. The abundance of inexpensive grocery bags, however, is expected to curb the demand for upscale shopping bags and, as a result, limit the market's expansion. Additionally, a rapid breakdown in the global supply chain network brought on by the COVID-19 epidemic is anticipated to impede market expansion.
It is projected that rising consumer demand would boost market expansion for household and personal care products. Regulations on plastic bags led to the introduction of eco-friendly bags. The expected decrease in demand for upmarket shopping bags results from the widespread availability of affordable alternatives. Low-quality bags are readily available, causing safety issues. Retailers usually encourage customers to bring their own reusable bags while also providing a variety of reusable paper or plastic bags for purchase at a fair price. Due to regulation compliance, there will be a greater competition between paper and plastic for takeout containers.
The market for shopping bags is very competitive and relatively fragmented. To improve the equipment they offer to their consumers and grow their businesses internationally, businesses are working on new product launches and other activities. These market leaders are increasing their clientele in a number of ways, and many businesses are creating clever alliances with new start-ups to gain market share and profitability.
Report Coverage
Global Shopping Bag research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Shopping Bag report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Shopping Bag competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Shopping Bag market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Mondi Group, Berry Global Inc., Novolex Holdings Inc., Smurfit Kappa Group, Amcor Limited International Paper Company, Genpak LLC, Huhtamaki Oyj, DS Smith Plc, WestRock Company, ProAmpac LLC, Klöckner Pentaplast Group, Uflex Ltd., Sealed Air Corporation, Coveris Holdings S.A., Interplastica Group, Alpack Packaging, Supreme Creations Ltd., Ronpak Starlinger & Co. GmbH |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Shopping Bag Market from 2021 to 2030.
- Market Forecast for Shopping Bag Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Shopping Bag competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Shopping Bag
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Shopping Bag market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Shopping Bag market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mondi Group, Berry Global Inc., Novolex Holdings Inc., Smurfit Kappa Group, Amcor Limited International Paper Company, Genpak LLC, Huhtamaki Oyj, DS Smith Plc, WestRock Company, ProAmpac LLC, Klöckner Pentaplast Group, Uflex Ltd., Sealed Air Corporation, Coveris Holdings S.A., Interplastica Group, Alpack Packaging, Supreme Creations Ltd., Ronpak Starlinger & Co. GmbH
Primary Target Market
- Market Players of Shopping Bag
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Shopping Bag market based on the below-mentioned segments:
Global Shopping Bag Market, By Product Type
Reusable bags
Non-Reusable Bags
Global Shopping Bag market, By Material
Paper
Cotton
Plastic
Jute & Hemp and Others.
Global Shopping Bag Market, By Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Online Stores
Others
Global Shopping Bag market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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