The global produce bag market is poised for significant growth driven by various factors and trends. Despite the global push for environmental awareness and reduced plastic usage, the market is anticipated to expand steadily, reaching a value of US$ 1,054 million by 2034, with a compound annual growth rate (CAGR) of 4.90%.
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Market Dynamics:
- Health and Wellness Trend: The increasing global focus on health and wellness is leading to a higher preference for fresh fruits and vegetables, thereby driving the demand for produce bags.
- Convenience: Produce bags offer convenience in selecting, transporting, and storing fresh produce, catering to the needs of busy consumers.
- Environmental Concerns: Investors are increasingly considering environmental factors when making investment decisions. The development of biodegradable and compostable produce bags addresses environmental concerns and attracts environmentally conscious consumers.
Key Trends:
- Rising Demand for Eco-Friendly Alternatives: Growing environmental concerns are driving the demand for eco-friendly produce bag alternatives, leading to increased adoption of reusable bags and innovation in biodegradable packaging materials.
- Retail Segment Dominance: The retail segment, comprising supermarkets and grocery stores, remains the primary market for produce bags. The segment accounts for a significant share of the market, with demand for both one-time-use and reusable bags.
Key Companies in the Market
- Mondi Group
- DS Smith Plc
- Amcor PLC
- Sealed Air Corporation
- WestRock Company
- International Paper Company
- Smurfit Kappa Group PLC
- Berry Global Group, Inc.
- Pactiv Evergreen Inc.
- Georgia Pacific LLC.
Key Coverage in the Produce Bag Industry Report
- Grocery Bag Market Size
- Demand Analysis of Reusable Produce Bags
- Sales Analysis of Custom Produce Bag
- Polypropylene Reusable Grocery Bag Industry Outlook
- Adoption of Reusable Produce Bags
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Key Segments
By Material:
- Organic Cotton
- Hemp
- Mesh
- Plastic
- Compostable Material
By End Use:
- Retail
- Household
- Food Service
- Agriculture Farming
By Type:
- Reusable
- Disposable
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
