Carry Bag Market Size was valued at USD 21.8 Billion in 2022. The Carry Bag market industry is projected to grow from USD 22.8 Billion in 2023 to USD 33.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2032). Increased awareness and adoption of sustainable and eco-friendly packaging solutions and the rising trend of convenience and on-the-go lifestyles are the key market drivers enhancing the growth of market.
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for carry bags is being driven by the Increased awareness and adoption of sustainable and eco-friendly packaging solutions. Growing concerns about plastic pollution and environmental sustainability have led consumers and businesses to prioritize eco-friendly practices. Many consumers now actively seek products and packaging solutions that align with their environmental values. Governments and regulatory bodies worldwide are imposing stricter regulations on single-use plastics and encouraging the use of environmentally friendly packaging materials.
Consumer preferences are shifting toward reusable and sustainable carry bags made from materials like cloth, jute, paper or biodegradable plastics. Shoppers appreciate retailers that offer such options. Businesses recognize the importance of their brand image and reputation. Using sustainable carry bags not only aligns with corporate social responsibility but also enhances a brand's image as environmentally conscious and socially responsible. Companies that offer sustainable carry bags can gain a competitive edge in the market. Sustainability practices can attract new customers, retain existing ones, and differentiate a brand from its competitors. While sustainable materials for carry bags may have higher upfront costs, they often provide long-term cost savings. Offering reusable and eco-friendly carry bags can foster customer loyalty. Shoppers who appreciate a retailer's commitment to sustainability are more likely to return for future purchases.
Environmental organizations and campaigns raise awareness about the detrimental impact of single-use plastics. Such efforts influence consumer behavior and encourage the use of reusable bags. Many companies have set sustainability targets and initiatives as part of their corporate responsibility strategies. Adopting eco-friendly carry bags aligns with these goals and demonstrates a commitment to sustainability. The advancements in materials science have led to the development of innovative, sustainable materials for carry bags, including recycled fibers, organics and biodegradable plastics. Retailers often educate customers about the benefits of using reusable carry bags and may offer incentives, like discounts, to encourage their use. International agreements and initiatives like the United Nations Sustainable Development Goals emphasize the importance of reducing plastic waste and promoting sustainability. Thus driving the Carry Bag market revenue.
The Carry Bag market segmentation, based on type, includes Single Use and Reusable. The reusable segment dominates the market, accounting for the largest market revenue due to the increasing awareness of plastic pollution and environmental concerns. Reusable bags, usually made out of materials like cloth, jute, canvas, or even recycled plastics, were becoming more common as people sought to minimize their environmental footprint. Many governments and municipalities were also implementing regulations and fees to discourage the use of single-use plastic bags.
The Carry Bag market segmentation, based on product type, includes Plastic Polyethylene, High Density Polyethylene, Low Density Polyethylene, Paper, Jute, Cotton and canvas, and Others. Plastic polythene dominates the market as they are cost-effective for both manufacturers and consumers. Polyethylene is known for its strength and durability, as it can carry heavy loads without tearing or breaking, making it a preferred choice for many consumers.
The Carry Bag market segmentation, based on end users, includes Industrial, Commercial and Others. The commercial category dominates the market as they require a large volume of bags to package and transport products. The commercial end-user includes retailers, supermarkets, grocery stores and other businesses that provide carry bags to their customers. Moreover, several commercial entities view carry bags as an extension of their brand; also, offering durable, convenient and aesthetically pleasing carry bags can improve the perceived value of the products and improve customer satisfaction.
Figure 1: Carry Bag Market by End User, 2022 & 2032 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World. The North American Carry Bag market area dominates the market as the region is a large and affluent region with a high demand for carry bags driven by a number of factors, including a growing population, rising disposable incomes and a busy lifestyle. The presence of a large and well-developed retail sector, favorable government regulations and the presence of major players boost the market growth in this region.
Further, the prime countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.
Figure 2: CARRY BAG MARKET SHARE BY REGION 2022 (USD Billion)
Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Carry Bag market accounts for the second-largest market share due to the rising disposable incomes and government regulations to promote the use of sustainable carry bags. Further, the German Carry Bag market held the largest market share, and the UK Carry Bag market was the fastest growing market in European region.
The Asia-Pacific Carry Bag Market is expected to grow at a rapid CAGR from 2023 to 2032. This is because of the growth in the retail sector of the region and the implementation of regulations to promote eco-friendly carry bags. Moreover, China’s Carry Bag market held the largest market share, and the Indian Carry Bag market was the fastest-growing market in Asia-Pacific region.
Leading market players are investing hugely in research and development in order to spread their product lines, which will help the Carry Bag market grow even more. Market players are also undertaking a variety of strategic activities to spread their footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Carry Bag industry must offer cost-effective items.
Manufacturing locally to reduce the operational costs is one of the key business tactics used by the manufacturers in the Carry Bag industry to benefit clients and grow the market sector. In recent years, the Carry Bag industry has offered some of the most significant advantages to the commercial industry. Major players in the Carry Bag market, including Rainbow Packaging Inc., Attwood’s Packaging Company., El Dorado Packaging, Inc., SPP Poly Pack Pvt. Ltd., Prada Holding B.V., Mondi Group Plc., Novolex Holdings, Inc., Coveris Holdings S.A., International Paper Company., Burberry Group plc., Smurfit Kappa Group PLC., Atlantic Poly Inc., -Pak, Inc., Welton Bibby and Baron Limited., Rutan Poly Industries, Inc., The Carry Bag Company, and others, are attempting to increase the market demand by investing in the research and development operations.
Blue Point Capital Partners is private equity firm based in Cleveland, Ohio, USA. The firm was founded in 1990 and had a history of investing in various industries, including automotive, aerospace, healthcare and more. The company seems to make control investments in companies, meaning they acquire a significant ownership stake and often take an active role in the management and strategy of their portfolio companies. In December 2022, Blue Point Capital Partners and its portfolio company, Weaver Leather, acquired Ohio Travel Bag, a distributor of specialty hardware, fittings and supplies used in a various industries and end markets, including leather goods, pet, equine, handbags, trunks and crafts.
Pactive Evergreen Inc. is a leading manufacturer and distributor of packaging and food service products. The company is known for providing a wide range of solutions for food packaging, including containers, trays, cups and other disposable packaging products. The product portfolio includes a variety of packaging solutions for food and beverage companies, restaurants, supermarkets and other food service providers and offers products made from paper, plastic and aluminum. The company has been emphasizing sustainability and environmentally friendly packaging solutions. In October 2022, Pactive Evergreen acquired Precision Products Group, a manufacturer of compostable food service and packaging products. Precision Products Group's product portfolio includes compostable carryout bags, food containers and utensils.
Key Companies in the Carry Bag market include
Carry Bag Industry Developments
August 2022: ClearBags acquired All Packaging Solutions, a distributor of packaging and shipping supplies. All Packaging Solution’s product portfolio includes carryout bags, mailers and shipping boxes.
January 2023: Walmart and Loop announced a partnership to launch a reusable packaging pilot program in select stores. The program will offer customers the option for purchasing products in reusable packaging, which can be returned to the store for cleaning and reuse.
September 2023: Amazon and RePack announced a partnership to launch a reusable packaging program in Europe. The program will offer customers the option for purchasing products in reusable packaging, which can be returned to RePack for cleaning and reuse.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 21.8 Billion |
| Market Size 2023 | USD 22.8 Billion |
| Market Size 2032 | USD 33.5 Billion |
| Compound Annual Growth Rate (CAGR) | 4.90% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, The Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Product Type, End User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Rainbow Packaging Inc., Attwood’s Packaging Company., El Dorado Packaging, Inc., SPP Poly Pack Pvt. Ltd., Prada Holding B.V., Mondi Group Plc., Novolex Holdings, Inc., Coveris Holdings S.A., International Paper Company., Burberry Group plc., Smurfit Kappa Group PLC., Atlantic Poly Inc., -Pak, Inc., Welton Bibby and Baron Limited., Rutan Poly Industries, Inc., The Carry Bag Company. |
| Key Market Opportunities | The rising trend of convenience and on-the-go lifestyles. |
| Key Market Dynamics | Increased awareness and adoption of sustainable and eco-friendly packaging solutions. |
Frequently Asked Questions (FAQ) :
The Carry Bag market size was valued at USD 21.8 Billion in 2022.
The market is foreseen to rise at a CAGR of 4.90% during the forecast period, 2023-2032.
North America held the largest share in the market
The key players in the market are Rainbow Packaging Inc., Attwood’s Packaging Company., El Dorado Packaging, Inc., SPP Poly Pack Pvt. Ltd., Prada Holding B.V., Mondi Group Plc., Novolex Holdings, Inc., Coveris Holdings S.A., International Paper Company., Burberry Group plc., Smurfit Kappa Group PLC., Atlantic Poly Inc., -Pak, Inc., Welton Bibby and Baron Limited., Rutan Poly Industries, Inc., The Carry Bag Company
The reusable category dominated the market in 2022.
The commercial held the largest share in the market.
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
