Retail Bags Market Global Industry Analysis, Size, Growth, Trend and Forecast 2022 - 2028

Market Overview:

The Retail Bags Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

A retail bag is a single-use container given to consumers to keep their purchases from a retail establishment. Retail bags can be made of plastic or biodegradable plastic. Furthermore, many restaurants, particularly fast-food chains like McDonald's, Wendy's, and Burger King, use paper bags exclusively, therefore reusable bags are not a viable option for eateries in general. Furthermore, as the demand for packaging grows across all end-user industries helps to growth of the market.

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Market Dynamics:

Driver:
In accordance with a global goal of reducing plastic waste to combat marine pollution, many drugstores, convenience stores, supermarkets, and other retail outlets charge for plastic shopping bags. This might be a major limitation for the retail bag business. At its Nyregyháza location in Hungary, Mondi will have finished installing a brand-new, cutting-edge piece of equipment for converting paper bags in June 2020. The Windmöller & Hölscher AD 8320 / AM 8115 machinery enables the company to produce a new line of intricate paper bags for food packing. Nonetheless, the category is anticipated to grow throughout the forecast period, due to an increase in the demand for reusable plastic and the use of plastic in some regions. For example, many restaurants, particularly fast-food franchises like Wendy's, Burger King, and McDonald's, use paper bags exclusively, and reusable bags are not a viable option for eateries in general.

Opportunities:
The retail bag sector is in transition, buffeted not only by larger factors like the rise of e-commerce and curbside pickup & delivery for restaurants but also by changing regulations & consumer preferences, as well as retailer responses to these changes. The Japanese government launched a proposal in 2018 to reduce plastic waste by 25% until 2030. Also, a mandatory fee for plastic shopping bags was levied by July 2020. Similar laws have already been implemented in 66% of countries globally.

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Market Segmentation

By material type, the paper segment is expected to dominate the retail bags market during the forecast period. Although consumers consider paper to be the most environmentally friendly alternative to plastic, retailers have shifted their focus toward paper-based bag packaging for general public consumers today and in the future.

By end-use, the offline retailer's segment is anticipated to dominate the retail bags market over the forecast period. Vendors' ongoing efforts to expand their stores in local and regional markets, as well as the introduction of new products and retail techniques, are driving this segment's growth.

By Type
• Handle Retail Carry Bags
• Without Handle Retail Carry Bags
• Loop Handle Bags
• Premium Retail Carry Bags
• Others

By Material
• Plastic
• Paper
• Natural Material
o Jute
o Cotton & Canvas
o Others

By End Use
• Online Retailers
• Offline Retailers

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Retail Bags market are :
• Atlantic Poly Inc.
• Smurfit Kappa Group PLC
• SPP Poly Pack Pvt. Ltd.
• Mondi Group PLC
• EI Dorado Packaging Inc.
• The Carry Bag Company
• Attwoods Packaging Company
• Global-Pak Inc.
• Burberry Group plc.
• Welton Bibby And Baron Limited
• Initial Packaging Ltd
• Rainbow Packaging Inc.

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Key Benefits for Industry Participants & Stakeholders:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Keyword Market

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