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Future of the Retail Bags Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Retail Bags Market Size Growth Forecast: What to Expect by 2025?
There has been considerable growth in the retail bags market size in the past few years. An escalation from $17.98 billion in 2024 to $19.12 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 6.3%. Factors such as urbanization growth, surge in tourism, expansion of home delivery services, increase in e-commerce, and the popularity of online shopping have contributed to the growth experienced in the historical period.
How Will the Retail Bags Market Size Evolve and Grow by 2029?
The market size of retail bags is set to experience robust growth in the ensuing years, expanding to $24.79 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. The growth over the forecast period can be credited to factors such as the expanding retail sector, rising number of shopping complexes, an increased understanding of waste production, a surge in the quantity of supermarkets, and escalated consumer expenditure. The forecast period is also anticipated to see trends like advancements in technology, bags that decompose, environmentally friendly materials, intelligent packaging options, and subscription-based models.
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What Drivers Are Propelling the Growth of Retail Bags Market Forward?
The growth trajectory of the retail bag market is anticipated to be powered by the surge in e-commerce. This term pertains to the internet-based transactions involving goods and services. The uptick in e-commerce can be attributed to the advancements in mobile technology, digital publicity, logistics, and supply chain administration. Retail bags play a crucial role in streamlining the delivery process in e-commerce by serving as packaging for items bought online, thereby boosting consumer convenience. For example, data from the United States Census Bureau, a government body in the U.S., indicates that in the initial quarter of 2024, the U.S. retail e-commerce sales came up to roughly $289.2 billion, signifying a 2.1% rise (±0.7%) from the final quarter of 2023. Hence, the escalation in e-commerce is fueling the expansion of the retail bags market.
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What Long-Term Trends Will Define the Future of the Retail Bags Market?
Significant corporations in the retail bag sector are prioritizing the creation of unique items like locally-made retail paper bags, in an effort to foster environmental conservation and improve product longevity. These are paper bags manufactured in a particular region or community. Employing such locally-made retail paper bags can be an effective strategy for businesses wishing to align with sustainability objectives and bolster their local economies. Taking Visy Industries, an Australia-based firm specializing in packaging and recycling, as an example, they launched locally-made retail paper bags in February 2024. These bags are thicker and more durable, ideal for transporting heavier items without risk of ripping. These innovative bags can be easily recycled via Australian curbside recycling bins, offering an eco-friendly and handy option for disposal for customers.
What Are the Key Segments in the Retail Bags Market?
The retail bagsmarket covered in this report is segmented -
1) By Material Type: Plastic, Paper, Other Material Types
2) By Pattern: Textured, Printed, Solid, Other Patterns
3) By End User: Grocery Stores, Food Service, Other End Users
Subsegments:
1) By Plastic: High-Density Polyethylene (HDPE) Bags, Low-Density Polyethylene (LDPE) Bags, Polypropylene (PP) Bags, Biodegradable Plastic Bags, Reusable Plastic Bags
2) By Paper: Kraft Paper Bags, Recycled Paper Bags, Coated Paper Bags, Paper Bags With Handles, Paper Bags Without Handles
3) By Other Material Type: Cotton Bags, Jute Bags, Non-Woven Fabric Bags, Hemp Bags, Linen Bags
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Who Are the Key Players Shaping the Retail Bags Market's Competitive Landscape?
Major companies operating in the retail bags market are Flexo Converters USA, International Paper, Smurfit Kappa Group plc, Mondi Group plc, Novolex Inc., Burberry Group plc, ProAmpac Intermediate Inc., Coveris SA, Antalis Group, Atlantic Packaging, Welton Bibby and Baron Limited, BioPak Pty Ltd., EI Dorado Packaging Inc., Global-Pak Inc., Rutan Poly Industries Inc., Atlantic Poly Inc., Attwoods Packaging, GreenPack Limited, Rainbow Packaging Inc., SPP Poly Pack Pvt Ltd., The Carry Bag Company, Kiwi Office, Europages UK
What Geographic Markets Are Powering Growth in the Retail Bags Market?
North America was the largest region in the retail bags market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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