USD 11.9 million
Shopping Bag Market Size, Share, Growth Analysis, By Product Type(Reusable Bags, Non- Reusable Bags), By Material(Paper, Cotton, Jute & Hemp, Plastic), By Distribution Channel(Hypermarkets & supermarkets, Convenience stores, Online stores, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2063 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
74
Shopping Bag Market Insights
Shopping Bag Market size was valued at USD 11.9 million in 2019 and is poised to grow from USD 12.59 million in 2023 to USD 19.77 million by 2031, growing at a CAGR of 5.80% in the forecast period (2024-2031).
People benefit greatly from shopping bags in their regular shopping activities. The demand for these products has risen as a result of rising income levels and living standards around the world. High-quality bag development is a continuing emphasis of businesses in an effort to provide consumers with a luxurious shopping experience. The development of biodegradable bags has greatly aided businesses in meeting the need for environmentally friendly goods. In order to lower their carbon footprint, businesses frequently incorporate recyclable materials into the design of their bags.
Additionally, producers place a strong emphasis on creating vibrant, stylish bags to entice customers to buy their goods. These days, businesses advertise their goods through cutting-edge marketing and promotional strategies. To create personalised bags for their corporate clientele, businesses are focusing on the commercial market. For instance, the Prahu Naidu Company is concentrating on creating bags for D-Mart stores all throughout India in a range of sizes and forms. The launch of newer FMCG brands and rising global demand for products connected to personal care and home are both expected to boost shopping bag sales. Rising trends in both offline and online purchasing have boosted demand for these products. The demand for a range of shopping bags is also fueled by consumers' evolving tastes for luxury goods and high-end grocery items.
Growing shopping mall and convenience store infrastructure makes it easier for consumers to shop, which in turn increases demand for these bags that are simple to carry. These items are frequently provided by retail establishments to package and transport the customer's groceries. The abundance of inexpensive grocery bags, however, is expected to curb the demand for upscale shopping bags and, as a result, limit the shopping bag market expansion. Additionally, a rapid breakdown in the global supply chain network brought on by the COVID-19 pandemic is anticipated to impede market expansion.
US Shopping Bag Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Reusable Bags
Fastest Growth
Reusable Bags
Growth Rate
5.80% CAGR
Global Shopping Bag Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Shopping Bag Market Segmental Analysis
The global shopping bag market is segmented based on the product type, by material , by distribution channel, and region. Based on the product type, the market is segmented as reusable bags , non- reusable bags. Based on the material, the global market is segmented into paper, cotton, jute & hemp, plastic. Based on distribution channel, the market is segmented into Hypermarkets & supermarkets, Convenience stores, Online stores, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Shopping Bag Market Analysis by Type
The global shopping bag market is divided into reusable bags and non-reusable bags based on the type of goods. Due to their extensive usage, the reusable shopping bags segment is expected to dominate the global market. Additionally, consumers are more likely to choose to purchase these shopping bags due to their reusability and widespread availability of bags in a variety of colours and sizes. However, due to advancements in designs, including the use of quickly disposable and eco-friendly materials that help in decreasing the environmental load, the non-reusable bag segment is predicted to rise in the near future.
The global shopping bag market is divided into paper, cotton, plastic, jute & hemp, and other categories based on material. Given that jute and hemp materials give bags greater strength and weight carrying capabilities, the jute and hemp bag segment is anticipated to account for a sizable portion of the market. Additionally, luxury retail companies frequently use jute and hemp textiles to create high-quality handbags.
The global shopping bag market is divided into hypermarkets and supermarkets, convenience stores, internet stores, and others based on the distribution route. Due to their widespread distribution and simple accessibility to customers, convenience stores are predicted to dominate the market. The other segment, on the other hand, is anticipated to increase quickly in the near future because it offers clients a convenient shopping experience.
Global Shopping Bag Market By Type, 2021 (%)
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Shopping Bag Market Regional Insights
The global shopping bag market is divided into five geographic segments: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Due to increasing expenditure on luxury products and the existence of higher income groups in nations like Canada and the United States, the North American region is anticipated to have the greatest share of the global shopping bag market, which is further likely to fuel demand for shopping bags for carrying groceries. The US Department of Commerce's Bureau of Economic Analysis reports that the state's personal consumption expenditure rose by 5.1 percent in 2018 compared to that of 4.4 percent in 2017. The demand for shopping bags to transport various food and beverage goods is also projected to increase as the region's demand for food and beverage products rises. The US Department of Agriculture's Foreign Agriculture Service estimates that sales of food and alcoholic beverages in Canada reached US$ 96 billion in 2018, up 3% from 2017.
Additionally, the region's sales are fueled by the widespread presence of well-known companies like Earthwise Bags Company Inc. and Borse Handbranding, among many others. Due to the high demand for biodegradable and HDPE shopping bags in countries like India and Australia, the Asia-Pacific shopping bag market is predicted to grow at a quicker rate. The demand for single-use plastic bags climbed to 41,797 tonnes in 2017, which is comparable to 1.5 billion retail bags, according to the Australian National University. The demand for biodegradable shopping bags has also skyrocketed in India as a result of rising single-use plastic bag usage and environmental sustainability concerns. The need for shopping bags is anticipated to soar as retail shopping habits for consumer products grow in nations like China and India. The Fung Scholars Organization reports that in China, third-quarter retail sales of consumer goods increased 9.3% year over year to US$ 3,928.62 billion.
Global Shopping Bag Market By Geography, 2022-2028
- Largest
- Fastest
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Shopping Bag Market Dynamics
Shopping Bag Market Driver
- Growing consumer demand for household and personal care goods is anticipated to fuel market expansion.
- Introduction of eco-friendly bags due to regulations on plastic bags.
Shopping Bag Market Restraint
- Widespread availability of affordable substitutes is projected to reduce demand for upscale shopping bags.
- Availability of low-quality bags raising health concerns
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Shopping Bag Market Competitive Landscape
The shopping bag market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
Top Player in the Global Shopping Bag Market
- Mondi Group
- Berry Global Inc.
- Novolex Holdings Inc.
- Smurfit Kappa Group
- Amcor Limited International Paper Company
- Genpak LLC
- Huhtamaki Oyj
- DS Smith Plc
- WestRock Company
- ProAmpac LLC
- Klöckner Pentaplast Group
- Uflex Ltd.
- Sealed Air Corporation
- Coveris Holdings S.A.
- Interplastica Group
- Alpack Packaging
- Supreme Creations Ltd.
- Ronpak Starlinger & Co. GmbH
Shopping Bag Market Recent Developments
- In Oct 2020,, Zenith Speciality Bags, a top supplier of specialty paper food packaging solutions, was bought by Novolex, an industry pioneer in packaging choice and sustainability, in order to boost the company's craft packaging business and support the company's strategic expansion.
- In Dec 2021, Challice Ltd. introduced a 100% sustainable plastic shopping bag at their Mulberries carbon-neutral facilities to offer premium, environmentally responsible shopping bags to customers throughout the U.K.
Shopping Bag Key Market Trends
- Retailers frequently offer reusable paper or plastic bags of various varieties for purchase at a reasonable price, while also encouraging consumers to bring their own reusable bags.
- Creation of durable plastic carryout bags due to regulation adherence will intensify rivalry between paper and plastic in the takeout business.
Shopping Bag Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our shopping bag market analysis, research report offers a thorough overview of the industry and focuses on important factors including the top players, sources, products, and applications. The research also identifies significant advancements in the industry and provides insights into market trends and the competitive environment. The study includes a number of aspects, in addition to those already mentioned, that have assisted in the market's expansion in recent years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.9 million |
| Market size value in 2031 | USD 19.77 million |
| Growth Rate | 5.80% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Shopping Bag Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Shopping Bag Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Shopping Bag Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Shopping Bag Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Shopping Bag Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Shopping Bag Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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