The Food Bags Market was valued at USD 341.30 billion in 2021 and is expected to reach USD 519.83 billion by 2029, registering a CAGR of 5.4 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Food bags market has shown an exceptional penetration in
countries such as the U.S., Germany and China. Growing usage of food
bags is increasing the penetration in developed countries. In developing
countries, increasing use of green packaging solutions is creating opportunity
for the global food bags market.
According to Data Bridge Market Research, the market for
food bags in Asia-Pacific region has the highest market share followed by
Europe and North America. Market leader are International Paper, Amcor plc and
Smurfit Kappa which accounts an estimated market share of approximately 35% to
38% in the Asia-Pacific region. The company has gained outstanding sale through
their wide range of food bags that have wide range of application in household
as well as industrial sector. For instance,
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Trends Impacting the Market
Now the question is which other regions International Paper,
Amcor plc and Smurfit Kappa are targeting? Data Bridge Market Research has
forecasted a large growth in Asia-Pacific food bags market and the market
leaders targeting Japan and India to be their next revenue pockets
for 2020.
The food bags market is becoming more competitive every year
with companies such as International Paper, Amcor plc and Smurfit Kappa as they
are the market leaders for food bags. The Data Bridge Market Research new
reports highlight the major growth factors and opportunities in the food bags
market.
Scope of the Food Bags Market
All country based analysis of food bags market is further
analyzed based on further segmentation. On the basis of type, the market is
segmented into standard carry bags, stand up bags, zipper bags, food safe
barrier bags, self-opening-style (SOS) bags, smell proof bags, pinch bottom
bags, t-shirt plastic bags and others. On the basis of material, the market is
segmented into plastic, paper, aluminum and others. On the basis of usage, the
market is segmented into single-use and reusable.
On the basis of style, the market is segmented into crystal
clear bags, heat seal bags, eco clear bags, cupcake bags, micro-perforated bags
and others. On the basis of capacity, the market is segmented into less than 1
kg, 1 kg-5 kg, 5 kg-10 kg and more than 10 kg. On the basis of distribution
channel, the market is segmented into supermarkets/hypermarkets, convenience
stores, specialty stores, e-commerce and others.
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Key Market Competitors Covered in the Report
- International
Paper
- Amcor
plc
- PAPIER-
METTLER KG
- Unistar
Plastics, LLC
- El
Dorado Packaging
- Superbag
Research Methodology: Global Food Bags Market
Data collection and base year analysis is done using data
collection modules with large sample sizes. The market data is analysed and
forecasted using market statistical and coherent models. Also market share
analysis and key trend analysis are the major success factors in the market
report. To know more please request an analyst call or can drop down your
enquiry.
The key research methodology used by DBMR research team is
data triangulation which involves data mining, analysis of the impact of data variables
on the market, and primary (industry expert) validation. Apart from this, data
models include vendor positioning grid, market time line analysis, market
overview and guide, company positioning grid, company market share analysis,
standards of measurement, top to bottom analysis and vendor share analysis. To
know more about the research methodology, drop in an inquiry to speak to our
industry experts.
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unparalleled level of resilience and integrated approaches. We are determined
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Email: Sopan.gedam@databridgemarketresearch.com
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