Global counter bags market demand is anticipated to be valued at US$ 1,370.8 Million in 2022, forecast to grow at a CAGR of 4.2% to be valued at US$ 2,068.5 Million from 2022 to 2032. Growth is attributed to increasing demand in food and beverage packaging. From 2016-2021 a CAGR of 3.7% was registered for the counter bags market.
The number of supermarkets and retail stores is growing worldwide. The tough competition in this market is pushing retail and super-market chains to invest in brand awareness, packaging, etc. Counter bags are a type of bag which are used by retail stores or supermarkets at their counters to pack customer-purchased items.
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Counter Bags: Market Dynamics
In today’s competitive market, brand or company promotion to achieve sales is the main concern of retail shops and super markets. Customer convenience is the other objective. In meeting these objectives counter bags play a vital role. E.g. at a butcher shop it should be convenient for a customer to carry the package without losing the freshness of the meat.
So self-seal transparent High Density Polyethylene (HDPE) counter bags can be a perfect choice. In same way to pack prescriptions at a pharmacy, a block bottom paper counter bag can be a good choice. Company names, brand names and symbols representing category of products and other features can be printed on counter bags.
Maintaining the freshness and shelf life of meat, bakery products, flowers and other biodegradable products is important concern of stores. This factor can be an opportunity for a key player in the counter bags packaging market to provide a competitive edge by differentiating his products.
This can also be a threat because it requires higher investments in manufacturing, innovation and R&D. Manufacturer of a counter bags can negotiate and ask for higher prices from his customers because these are clearly custom made by printing, labeling and providing other features.
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What Struggles Does the Counter Bags Sector Face?
Raw material price fluctuations could prevent the market from expanding.
The government’s strict rules and regulations regarding the usage of plastic are anticipated to restrain market growth for counter bags in the upcoming year. Counter bag manufacturing firms are concentrating on creating inventive and original items as a result of increasingly stringent norms and regulations. This can limit the market expansion for counter bags.
Counter bag makers are forced to make significant investments in innovation, R&D, and research as a result of increased competition and substitute products in the packaging market for counter bags. The company’s cash flows and EBITDA may be affected by this increased capital expenditure.
Market Competition
Some of the key participants present in the global counter bags market include
BAF Printers (1962) Ltd., Sirane Ltd., Welton Bibby & Baron, Delpac Limited, Tingue, Brown & Co., Rx Systems, Inc. among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as BAF Printers (1962) Ltd., Sirane Ltd., Welton Bibby & Baron account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
- In June 2022 – Sirane Ltd added SPOUTED pouche to RePEat range of mono-material recyclable plastics. RePEat range – which includes stand-up pouches and films – is all made from pure PE, which means it can be recycled in the LDPE recycling stream.
- Big Brown Paper Bags – includes everything from Pic ‘n’ Mix Bags to Greaseproof Bags, Block Bottom Bags to Colourful Counter Bags. All our bags are selected for quality and practicality and are, of course, recyclable. These paper counter bags, including sulphite bags, are often considered the best fit for a number of purposes. Sulphite bags meet the needs and requirements of a plethora of practical uses for businesses including grocery stores, bakeries, fruit and veg venders, and more. These bags are versatile and appropriate.
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Key Segments Profiled In The Counter Bags Industry Survey
Counter Bags Market by Application:
- Counter Bags for Food & Beverages
- Counter Bags for Pharmaceuticals
- Counter Bags for Homecare
- Counter Bags for Personal Care
- Counter Bags for Cosmetics
- Counter Bags for Other Applications
Counter Bags Market by Packaging Material:
- Paper Counter Bags
- Plastic Counter Bags
- Other Material Counter Bags
Counter Bags Market by Manufacturing:
- Make to Order Counter Bag Manufacturing
- Make to Stock Counter Bag Manufacturing
Counter Bags Market by Region:
- North America Counter Bags Market
- Latin America Counter Bags Market
- Europe Counter Bags Market
- Asia Pacific Counter Bags Market
- Middle East and Africa Counter Bags Market
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