The global grocery bag market is witnessing remarkable growth, valued at US$ 12.8 billion in 2024 and projected to reach US$ 20.1 billion by 2034, with a Compound Annual Growth Rate (CAGR) of 4.60% over the forecast period. This substantial growth is attributed to various factors driving the demand for grocery bags across household and commercial sectors.
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Factors Influencing Market Growth:
- Rising Demand: The skyrocketing usage of grocery bags in both household and commercial spaces is a key driver of market growth.
- Consumer Convenience: Shoppers increasingly seek hassle-free options for carrying their purchases, driving demand for accessible and practical grocery bag solutions.
- Eco-Friendly Focus: The market is shifting towards eco-friendly substitutes, such as reusable bags made from recycled materials, in response to heightened environmental awareness and efforts to reduce plastic waste.
- Technological Advancements: Modernization in bag fabrication, including compostable plastics and organic cotton, enhances durability, functionality, and aesthetic appeal, contributing to market expansion.
- Retailer Initiatives: Retailers promoting sustainable practices by offering discounts for reusable bags are further fueling market growth.
- Collaborations: Collaborations with retailers and eco-friendly organizations empower consumers to make environmentally responsible choices and drive demand for sustainable grocery bag options.
Trends Shaping the Market:
- Environmental Awareness: Increasing consumer awareness of environmental issues is driving demand for reusable and eco-friendly grocery bags, reducing reliance on single-use plastics.
- Eco-Friendly Innovation: Market players are focusing on developing eco-friendly bags using recycled and biodegradable materials to meet sustainability demands.
- Customization: Customization and personalization of bags with environmentally friendly materials are gaining popularity among consumers.
- Technological Integration: Incorporating technologies like RFID tags into grocery bags enhances traceability and functionality, catering to evolving consumer needs.
Mr. Ismail Sutaria, Principal Consultant, emphasized the importance of sustainability and environmentally friendly options in the grocery bag market. He highlighted the need to develop durable and biodegradable materials for grocery bags, as well as branding strategies for supermarkets and local retailers.
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Household Application Dominance:
The household segment holds a significant market share of 55.00% in 2024. Grocery bags are valued for their versatility, lightweight design, and environmental friendliness, making them a go-to choice for households worldwide.
Key Segments
By Material:
- PE
- PP
- PET
- Paper
- Others
By Application:
- Household
- Storage
- Shopping
- Gift Bags
- Laundry Bags
By Product Type:
- Reusable Grocery Bags
- Non-Reusable Grocery Bags
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
