Press release
Carry Bag Market Projected To Reach USD 36.88 billion by 2032, grow at a CAGR of 4.92 % from 2025 to 2032
Carry Bag Market
Market to Hit USD 36.88 Bn by 2032
Carry Bag Market size was valued at USD 25.11 Bn. in 2024 and the total Carry Bag revenue is expected to grow at a CAGR of 4.92 % from 2025 to 2032, reaching nearly USD 36.88 Bn. by 2032. In 2024, Carry Bag Market Size was valued at approximately USD 5.02 billion in North America and its Market share of 50%. Also, in Europe held a market share of 35% in the same year, equating to revenues of USD 3.76 billion in 2024.
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Carry Bag Market Dynamics
Rising consumer demand for sustainable packaging is propelling the carry bag market, driven by eco-friendly materials like recycled paper, jute, and cotton. Businesses are adopting innovative, reusable designs amid e-commerce growth. Technological advances in bag-making machines-using recyclable materials, smart sensors, and ultrasonic sealing-enhance efficiency, reduce waste, and ensure high-quality, sustainable production across industries.
Leading market Players Fueling Industry Evolution
Novolex Holdings, Inc., Global-Pak, Inc., and The Carry Bag Company, Collectively, these companies significantly influence the carry bag market by addressing diverse industry needs and promoting sustainable packaging solutions.
Reusable is dominated by Type segment in terms of value, in 2024
This Reusable dominates the Carry Bag Market which the segment's value at USD 12.54 billion holding 37.4% of market share in 2024. Growing usage of paper bags in various industries such as food and beverages, and cosmetic products among others is major factors driving the Carry Bag Market. This segment is seeing strong growth, especially in urban areas and through retail and e-commerce channels.
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Paper Bags is dominated by Material Type segment in terms of value, in 2024
This Paper Bags dominates the Carry Bag Market which the segment's value at USD 6.05 billion holding 18% of market share in 2024. It Increasing environmental concerns and consumer awareness, Government regulations banning single-use plastics and Rising demand for sustainable and durable alternatives.
Carry Bag Market Regional Insight
North America is estimated to be the largest dominating region in terms of value, during the forecast period
This is the largest region in Carry Bag Market which the valued at approximately USD 5.02 billion in North America and its Market share of 50% in 2024. It leads due to strict sustainability regulations, high consumer environmental awareness, rapid e-commerce growth, presence of major industry players, advanced manufacturing technologies, and strong purchasing power.
Europe is estimated to be the Second-largest dominating region in terms of value, during the forecast period
This is the Second-largest region in Carry Bag Market which the valued at approximately USD 3.76 billion in Europe and its Market share of 35% in 2024. It leads due to strict environmental regulations, strong consumer eco-awareness, supportive government initiatives, a thriving retail and fashion sector, advanced recycling infrastructure, and cross-border regulatory alignment.
Carry Bag Market Competitive Landscape
Novolex Holdings, Inc.: This company, which has more than 50 production sites in the US, Canada, and Europe, is renowned for emphasizing innovation and sustainability. Novolex declared in December 2024 that it has reached a final deal to buy Pactiv Evergreen Inc. for $6.7 billion in all-cash. The company's revenue in 2024 is USD 3 billion.
Global-Pak, Inc.: Global-Pak, Inc. is a U.S.-based company specializing in bulk packaging solutions, including Flexible Intermediate Bulk Containers (FIBCs), also known as bulk bags. The company serves various industries such as agriculture, chemicals, construction, and food processing, providing customized packaging solutions to meet specific client needs. The company's revenue in 2024 is USD 7.5 million.
The Carry Bag Company: The company covers a diverse clientele, ranging from small businesses to huge stores, and focuses on sustainable packaging solutions that are environmentally friendly. In 2024, the corporation is valued at $5 million. In 2024, The Carry Bag Company plans to broaden its product options while strengthening its commitment to sustainability.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Carry-Bag-Market/1872
Emerging Trends in the Carry Bag Market
Carry Bag Company are embracing key trends in the carry bag market, particularly around sustainability and customization.
Novolex is expanding its eco-friendly product lines post-merger with Pactiv Evergreen, enhancing its recyclable and compostable bag offerings.
Global-Pak focuses on durable, recyclable bulk packaging tailored to industry-specific needs.
Meanwhile, The Carry Bag Company promotes reusable, customizable bags made from jute and cotton, aligning with the rising demand for stylish, sustainable alternatives.
Conclusion
The global carry bag market is undergoing significant transformation, driven by rising environmental consciousness, regulatory support, and technological innovation.
Key players like Novolex, Global-Pak, and The Carry Bag Company are at the forefront, offering sustainable and customized solutions.
With strong growth in reusable and paper bag segments, and North America and Europe leading regionally, the market is set for continued expansion, reaching USD 36.88 billion by 2032.
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