Food Bags Market Forecasted to Double in Value, Reaching US$ 1,594.3 Million by 2033, Driven by Strong 6.8% CAGR Growth

As per Future Market Insights (FMI), the Global Food Bags Market value is expected to rise from US$ 824.0 million in 2023 to US$ 1,594.3 million by 2033. Over the projection period from 2023 to 2033, global sales of food bags are likely to rise at 6.8% CAGR.

Disposable Food Bags: A Highly Popular Bag Type:

Disposable food bags are expected to remain the highly popular bag type globally. As per the latest analysis, demand for disposable food bags is expected to thrive at a CAGR of around 6.5% over the forecast period.

The Positive Impact of Increasing Popularity of Home Cooking

The increasing popularity of home cooking has a positive impact on the food bags industry. As more people engage in home cooking, there is a greater need for efficient meal preparation and storage solutions. This is putting food bags into the spotlight.
Food Bags: Convenient and Versatile Storage Solutions

Food bags provide a convenient and versatile option for storing ingredients, marinating foods, and storing leftovers. The demand for food bags increases as individuals look for practical solutions to organize and preserve their homemade meals.

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Meeting the Demand for Portable Meals and Snacks:

With the busy lifestyles of individuals, the need for portable meals and snacks has grown. Food bags provide a convenient option for packing homemade meals and snacks, allowing individuals to carry their food easily to work, school, or outdoor activities.

The Role of the Food Bags Industry in Providing On-the-Go Food Solutions

The food bags industry benefits from this demand for portable and on-the-go food solutions. As more individuals embrace the joys of cooking at home, the food bags industry is expected to experience continued growth

Growth of Online Food Delivery Platforms and Its Impact on Food Bag Sales

Subsequently, the rapid expansion of the food service sector and the growth of online food delivery platforms are expected to fuel food bag sales during the assessment period.

Key Takeaways from the Global Food Bags Market Report

The global food bags industry is projected to cross a valuation of US$ 1,594.3 million by 2033.
By bag type, the disposable bags segment is estimated to hold more than 71.1% market share by 2033.
Based on material, the plastic segment is estimated to hold around 44.0% of the market value share by the end of 2023.
By size, the medium-size bag is expected to offer an incremental opportunity of US$ 418.8 million during the forecast period.
By end use, the food service outlets segment is projected to create an incremental opportunity of US$ 395.8 million during the forecast period.
The United States food bags industry is projected to create an incremental opportunity of US$ 66.6 million during the assessment period.
China's market is likely to provide an incremental opportunity of US$ 55.4 million by 2033.

"Consumers are increasingly seeking personalized and customized cooking solutions, which include options for bags infused with flavors, pre-seasoned bags, or even with customizable labels. Further, the increasing demand for innovative reusable food bag designs offering features that enhance usability and convenience in hotel services, institutional, and households are expected to boost the market growth." - says a lead analyst at FMI

Demand for Oven Bags from Food Service Outlets Creating Opportunities for the Market Growth:

The food bag industry is not limited to household consumers. Food service establishments, such as restaurants, catering companies, and hotels, also use food bags for bulk cooking. The demand from the food service sector can present significant opportunities for food bag manufacturers.

Food service establishments often need to prepare large quantities of food efficiently. Food bags offer a convenient solution for cooking and reheating food in bulk while preserving flavors and moisture.

Manufacturers can cater to the specific needs of the food service sector by offering food bags in larger sizes or quantities suitable for commercial cooking operations.

Food bags enable foodservice operators to expand their menu options. They can experiment with different cooking methods, such as roasting or sous vide, using food bags. This versatility allows for a wider range of dishes and culinary offerings, which can attract customers and differentiate the establishment from competitors.

Food bags can contribute to food safety and hygiene standards in commercial kitchens. They help to minimize the risk of cross-contamination and maintain food integrity by providing a protective barrier during cooking. This is particularly important in environments where different types of food are prepared simultaneously.

Food bag manufacturers should actively engage with foodservice operators, understand their specific requirements, and tailor their product offerings accordingly. This will help them to increase sales.

Top Manufacturing Companies in Food Bags Market and Their Winning Strategies

These companies are utilizing various strategies to improve their sales, expand their customer base, and strengthen their footprint. These strategies include new product launches, acquisitions, mergers, partnerships, collaborations, etc.

The following are the prominent manufacturers of food bags listed in the report.

Amcor Plc
Reynolds Consumer Products Inc.
Sealed Air Corporation
Sirane Limited
M&Q Packaging, LLC
FFP Packaging Ltd.
Melitta Group AG
Sunkey Corporation
Aalmir Plastic Industries LLC
Al Bayader International
EcoPack
HDK Packaging Co., Ltd.
Flexipol
Handgards
S. C. Johnson & Son, Inc.
The Clorox Company,

Recent development:

In October 2021, a new sustainable bag-in-box consisting of 75% recyclable, biodegradable, and renewable materials was introduced by Smurfit Kappa.

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Global Food Bags Market Segmentation

By Material Type:

Nylon
Plastic
Aluminum
Paper
Silicon

By Bag Type:

Disposable
Reusable

By Size:

Small
Medium
Large

By Sales Channel:

Online
Offline
Supermarket/Hypermarket
Convenience Stores
Others

By End Use:

Food Service Outlets
Food Service Restaurant
Quick Service Restaurant
Catering Services
Hotels and Lodgings
Food Courts
Others
Institutional Food Services
Hospital
Offices
School
Household

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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.