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

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.