The global food bags market is anticipated to experience significant growth, with its valuation expected to increase from US$ 824.0 million in 2023 to US$ 1,594.3 million by 2033, exhibiting a strong CAGR of 6.8% over the forecast period. This growth is set to provide an attractive incremental opportunity of US$ 823.9 million, expanding the market by 2.1 times its current value.
Core Concepts in the Food Bags Industry
- Top Trend: The rising popularity of eco-friendly food bags is driving market trends.
- Common Material: Plastic is the most frequently used material for making food bags.
- Opportunities in the U.S.: The increase in online food delivery culture creates lucrative opportunities in the United States market.
- Sales Drivers: Advancements in packaging technology are propelling sales.
- Growth Forecast: The market is expected to register a CAGR of 6.8% through 2033.
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Market Insights
In 2022, the worldwide food bags industry was valued at US$ 770.4 million, and it is set to exhibit year-over-year (Y-o-Y) growth of 7.0% in 2023. The food service outlets segment is projected to dominate the market, holding a share of about 47.8% by 2033. This is attributed to the rising usage of food bags in restaurants and hotels.
Demand remains particularly high for disposable food bags globally. The disposable segment currently holds a market share of 71.1% and is expected to thrive at a CAGR of about 6.5% over the forecast period.
Key Market Shaping Factors
- Growing Demand for Food Bags from Takeaway Food Service Outlets and Households:
- The increasing demand for food bags in takeaway services and households is propelling market growth.
- Food bags ensure food safety and reduce the risk of cross-contamination, which is crucial in the food industry.
- Surging Popularity of Ready-to-Eat and Ready-to-Cook Meals:
- The convenience of ready-to-eat and ready-to-cook meals is driving the demand for functional and easy-to-use food bags.
- Popular cooking shows and celebrity chefs are influencing the adoption of innovative food packaging solutions.
- Implementation of Stringent Food Safety Regulations:
- Strict food safety regulations are fostering the development and adoption of safer and more hygienic food packaging solutions.
- Rising Demand for Oven Bags and Online Food Delivery:
- The booming online food delivery sector is creating significant demand for packaging solutions that can maintain food quality and freshness during transportation.
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Market Trends and Future Outlook
The demand for food bags is expected to surge due to the increasing adoption of innovative packaging solutions by ready-to-cook food and meal kit manufacturers. The rise of catering and food delivery services has created a high demand for packaging solutions that can maintain the quality and freshness of meals during transportation. This trend is anticipated to fuel the demand for food bags over the assessment period.
Similarly, the rising adoption of food bags in households is expected to boost the global food bags industry during the projection period. The exponential growth of e-commerce and food delivery is another prominent factor creating growth prospects for global food bag manufacturing companies.
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,
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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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