What is Retail Bags?
Growing retail chains, rising income, and growing consumer awareness boosts the market growth. One of the most common types of packaging is bags. They transport food, consumer products, and other items. Retail carry bags are used in the retail sector to make life easier for customers. The use of reusable bags in retail carry bags has rapidly increased. The most popular reusable shopping bags are made of polypropylene. Because plastic carry bags are a cost-effective, convenient, and easy-to-store packaging option, retailers choose to utilise them. The purpose of this fee is to reduce the use of plastics. Biodegradable carry bags are currently popular on the international market for retail carry bags.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ronstan Paper and Packaging (United States), TransPak (United States), Tewes Corporation (United States), Navigator Packaging & Supply (United States), PKG Packaging (United States), BioPak Pty Ltd (Australia), Mondi Group PLC (United Kingdom), El Dorado Packaging Inc. (United States), International Paper Company (United States), Attwoods Packaging Company (New Zealand), Rutan Poly Industries Inc. (United States), Rainbow Packaging Inc. (United States), Novolex Holdings Inc. (United States), Atlantic Poly Inc. (United States) and IMEX Packaging (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (T-Shirt Bags, Paper Bags, Plastic Shopping Bag, Polyethylene, Polypropylene, Re-usable Bags and Others) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Retail Bags market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Retail Bags market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Ronstan Paper and Packaging (United States), TransPak (United States), Tewes Corporation (United States), Navigator Packaging & Supply (United States), PKG Packaging (United States), BioPak Pty Ltd (Australia), Mondi Group PLC (United Kingdom), El Dorado Packaging Inc. (United States), International Paper Company (United States), Attwoods Packaging Company (New Zealand), Rutan Poly Industries Inc. (United States), Rainbow Packaging Inc. (United States), Novolex Holdings Inc. (United States), Atlantic Poly Inc. (United States) and IMEX Packaging (United States).
Market Overview:
In June 2021, Mondi Group Inc. announced plans to expand its paper-based MailerBAG range in order to replace plastic packaging in e-commerce with a recyclable solution made of responsibly sourced renewable materials and In October 27, 2020, BillerudKorsnäs, a Swedish pulp and paper manufacturer, and AB Group Packaging, a paper bag manufacturer, have announced the availability of Reusable Paper Bags in the United Kingdom.
The regulatory environment is becoming increasingly complex. The number of regulations, as well as the speed with which they can become effective, is rapidly increasing. The governments of the member states implemented various regulations in order to reduce consumption, such as Austria completely banning non-biodegradable plastic bags, including e-commerce, Belgium banning plastic bags less than 50 microns, and Denmark imposing a levy (state tax) on all carrier bags with a handle and a volume of at least 5 litres.
The global retail bags market is highly competitive, with existing players and new start-ups entering the market due to the low entry barrier, resulting in a highly fragmented market. The major players in the global retail bag market are expanding their business operations through mergers and acquisitions.
Retail Bags Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Consumer awareness regarding the plastic waste drives the market growth.
- Growing retail chain in developed and developing countries
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Major Trends | - Growing Consumer awareness regarding the plastic waste drives the market growth.
- Growing retail chain in developed and developing countries
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Restraints | - Increasing preference for online shopping hampers the market growth
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Road Blocks / Challenges | - Owing to the global pandemic due to coronavirus stymie the market growth
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Gaps & Opportunities | - Increasing range of malls in the region such as APAC and Europe region
- The rise in cloud kitchen in developed and developing countries increases demand for retail bags.
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Key highlights of the Global Retail Bags market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Retail Bags market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Retail Bags market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Retail Bags Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Retail Bags market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Retail Bags market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.