The global food bags market is set for substantial growth over the next decade, with market size expected to expand from USD 824.0 million in 2023 to USD 1,594.3 million by 2033, according to the latest industry report. The market, which was valued at USD 770.4 million in 2022, is projected to exhibit a robust year-on-year growth rate of 7.0% in 2023. Over the forecast period from 2023 to 2033, global food bag sales are anticipated to increase at a compound annual growth rate (CAGR) of 6.8%.
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.
Key Market Insights:
- Robust Incremental Growth Opportunity: The food bags market is expected to generate an attractive incremental growth opportunity of US$ 823.9 million, expanding 2.1 times its current market value by 2033.
- Dominance of Foodservice Outlets: By end-use, the foodservice outlets segment is anticipated to hold a significant share of about 47.8% by 2033. This growth is driven by the rising usage of food bags in food service establishments such as restaurants and hotels.
- High Demand for Disposable Food Bags: The disposable food bags segment commands a market share of 71.1% and is expected to thrive at a CAGR of about 6.5% over the forecast period, reflecting the high global demand for convenient and hygienic packaging solutions.
Key Market Shaping Factors:
- Growing Demand from Takeaway Food Service Outlets and Households: The increasing preference for takeaway food and the convenience it offers is driving the demand for food bags. Households are also contributing to this growth with their need for efficient food storage solutions.
- Focus on Food Safety and Cross-Contamination Reduction: There is a rising emphasis on improving food safety standards and minimizing cross-contamination risks, which is boosting the demand for food bags.
- Popularity of Ready-to-Eat and Ready-to-Cook Meals: The surge in the popularity of ready-to-eat and ready-to-cook meals is bolstering food bag sales, as these products require reliable and convenient packaging solutions.
- Influence of Cooking Shows and Celebrity Chefs: The global food bags market is benefiting from the influence of popular cooking shows and celebrity chefs, which are driving consumer interest in innovative and practical food packaging.
- Stringent Food Safety Regulations: The implementation of stringent food safety regulations worldwide is fostering market development by necessitating the use of high-quality food bags.
- Rising Demand for Oven Bags and Online Food Delivery: The growing popularity of oven bags and the booming online food delivery sector are stimulating market growth. Food bags ensure that meals remain fresh and intact during transportation.
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,
Access Full Report: https://www.futuremarketinsights.com/reports/food-bags-market
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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