Retail Bags Market 2021 Status and Business Outlook | International Paper Company, Attwoods Packaging Company, Global-Pak, Inc,, The Carry Bag Company

The Global Retail Bags Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Retail Bags Market is expected to grow at a CAGR of 5.7% over the forecast period 2020 to 2025.

Top Companies in the Global Retail Bags Market are Smurfit Kappa Group PLC, SPP Poly Pack Pvt. Ltd., Mondi Group PLC, El Dorado Packaging, Inc., International Paper Company, Attwoods Packaging Company, Global-Pak, Inc,, The Carry Bag Company, Welton Bibby And Baron Limited, Rainbow Packaging, Inc., Coveris Holdings S.A., Burberry Group plc, Prada Holding B.V., Atlantic Poly Inc, Novolex Holdings, Inc., Rainbow Packaging Inc., Rutan Poly Industries, Inc. and others.

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Key Market Trends

Plastic Material to Have a Dominant Share in the Market

- Plastic material is commonly utilized for the production of retail carry bags. These plastic retail carry bags are comfortable, affordable, and adaptable options for shopping. Plastic retail carry bags are prevalent across all retail sectors, covering general stores, supermarkets, apparel, general merchandise, and specialty stores.

- The most popular plastic material type used in plastic bags is high-density polyethylene (HDPE) plastic. Other commonly used plastic material types comprise low-density polyethylene (LDPE) plastic and polypropylene (PP) plastic.

- According to the US Department of Energy, Polypropylene, a kind of plastic often used to create everyday products such as plastic straws, yogurt tubs, and hangers accounted for 23% of the total global production of plastics in 2018.

APAC to Have a Significant Market Growth

- Asia-Pacific is supposed to have meaningful growth due to the increasing number of production plants, combined with the growing customer base all over the region, contributing to the growth of the Retail Bags Market. For instance, According to Conversio, in 2018, China had a total share of approximately 30% of the global production of plastic materials, which is one of the most demanded materials for retail bags.

- The growth of the retail sector in the region is also encouraging the need for retail bags. For example, in countries like China, according to the National Bureau of Statistics of China, the retail business revenue of consumer goods in China amounted to around 3.2 trillion yuan in May 2020. Besides, according to MOFCOM China, in 2019, about 20.7% of the total retail sales in China were made online, up from 18.4% in 2018.

- Due to the growing need for paper pulp in countries like China and India, the APAC region is supposed to be the quickest developing region. There is an expansion in the transit packaging division in China, coupled with mounting consumerism heading to a swiftly building demand for retail paper bags.

- Along with this demand for paper bags, the need for recycled paper is also increasing, which is having a massive impact on the market. According to the China Paper Association, in 2018, the recycling rate for paper and cardboard in China reached 47.6%. In that year, around 49.64 million metric tons of waste paper were collected in China for recycling purposes.

- There is a growing rate of exports in the developing logistics sector as the corrugated boxes are anticipated to control the market in this APAC region. Due to substantial growth in industries, like cosmetics and fast-moving consumer goods (FMCG), the rapidly-growing middle-class population is presumed to support the need for paper bags and thus fuel the retail bags market region.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Retail Bags market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Retail Bags market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Retail Bags market.

Market Segments: This part of the report discusses product type and application segments of the global Retail Bags market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Retail Bags used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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