Carry Bag Market to reach USD 33.5 Bn at a CAGR of 4.92 percent over the forecast period

Carry Bag Market to reach USD 33.5 Bn at a CAGR of 4.92 percent over the forecast period

“Carry Bag Market”
Carry Bag Market is segmented based on Material Type, Type, and Application. A bottom-up approach was used to estimate the Carry Bag Market size.

Stellar Market Research, a global Consumer Goods & Services market research firm has published a market research report on the “Carry Bag Market”. The Carry Bag Market size was valued at USD 23.94 Bn in 2023. The total Carry Bag Market revenue is expected to grow at a CAGR of 4.92 percent from 2024 to 2030, reaching USD 33.5 Bn during the forecast period.

Carry Bag Market Report Scope and Research Methodology

Market Size in 2023: USD 23.94 Billion

Market Size in 2030: USD 33.5 Billion

CAGR: 4.92 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 230

No. of Tables: 132

No. of Charts and Figures: 192

Segment Covered: By Material Type, Type, and Application.

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Carry Bag Market Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Carry Bags Market during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.  

The Carry Bag Market report represents gathered information about a market within an industry or various industries. The Carry Bag Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report extending from 2023 to 2030. The report is prepared to take into consideration various factors such as Material Type, Type or Applications at both country and regional levels, Country GDP, market dynamics , End application , major players, consumer buying behavior, economic, political, social scenarios of countries, many others.

Carry Bag Market Overview

The global carrier bag market is experiencing significant growth, fuelled by increasing consumer demand for eco-friendly and reusable packaging options. The market covers a wide range of bags, including paper, plastic, jute and cotton bags, each catering to different consumer segments and needs. The shift towards sustainability is a major trend. Consumers and businesses are increasingly opting for biodegradable and reusable materials. Paper bags are particularly popular thanks to their lower cost, recyclability, and the ability to print brand information easily, making them a preferred choice in retail and food packaging Industry.

Carry Bag Market Dynamics

Consumer preferences are shifting toward reusable and sustainable carry bags made from materials like cloth, jute, paper or biodegradable plastics are driving demand of the Carry Bag Market. Reusable carry bags are gaining traction thanks to their durability and environmental benefits. These bags, made from materials like canvas, woven synthetic fibres, and natural fibres such as jute and cotton, are becoming more popular as consumers seek to reduce their environmental footprint. The growth of e-commerce, courier services and delivery services will play a key role in shaping the carrier bag market. Online shopping continues to grow and the demand for safe and reliable packaging solutions has increased. Tote bags offer a branding opportunity for e-commerce businesses.

Carry Bag Market Regional Analysis

The North America region holds a largest share of the global Carry Bag market, driven by strict environmental regulations and the extensive presence of supermarkets and retail outlets. The demand for carry bags is also bolstered by high consumer spending on luxury goods. In Europe, the focus on reducing plastic waste and increasing consumer awareness about sustainability is driving the demand for paper and biodegradable carry bags. Countries like Germany are seeing a surge in demand for eco-friendly packaging solutions.

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Carry Bag Market Segmentation

By Material Type       

  • Plastic Polyethylene
  • Paper
  • Jute
  • Cotton & Canvas
  • Other

By Type

  • Single-Use
  • Reusable

By type, the reusable segment holds the largest share of the carrier bag market. Consumers are increasingly aware of ecology and prefer products that promote sustainability. Recyclable carrier bags made from materials such as cotton, jute, fabric and recycled plastic are more durable and more environmentally friendly than disposable bags. Manufacturers are focusing on innovative designs and materials to improve the functionality and aesthetic appeal of reusable carrier bags. These include features such as folding, extra pockets and a stylish design that appeals to a wider consumer base.

By Application  

  • Residential
  • Commercial

Carry Bag Market key players include

  • The Carry Bag Company – New Zealand
  • Global-Pak Inc. – USA
  • Novolex Holdings – USA
  • International Paper Company – USA
  • Mondi Group Plc – UK)
  • Atlantic Poly Inc. – USA
  • Rutan Poly Industries Inc. – USA
  • El Dorado Packaging Inc. – USA
  • JohnPac Inc. – USA
  • ProAmpac LLC – USA
  • United Bag, Inc – USA
  • Ronopac Inc. – USA
  • Coveris – Vienna, Austria
  • Stora Enso Oyj – Helsinki, Finland
  • Huhtamäki OYJ – Espoo, Finland
  • Smurfit Kappa Group – Dublin, Ireland
  • Andrew Kohn Pty Ltd. – Australia
  • Atlas Paper Bag Co Ltd – Canada
  • Caravan Paper Products – India
  • Arc Creations – India
  • Apna Cloth Bags – India
  • Accuretta Composites – India
  • Shree Neelkanth Corporation – India
  • XXX Inc

Key questions answered in the Carry Bag Market are:

  • What are Carry Bag Market?
  • What was the Carry Bag market size in 2024?
  • What is the expected Carry Bag market size by 2030?
  • What is the demand pattern for the Carry Bag market?
  • Which segment dominated the Carry Bag market growth?
  • Who is the largest key player in the Carry Bag Market Growth?
  • Which region held the largest share in the Carry Bag market?
  • Who are the key players in the Carry Bag market?
  • What is the growth rate of the Carry Bag Market?
  • Which are the factors expected to drive the Carry Bag market growth?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Form Type, Application, and Distribution Channel.
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Stellar Market Research is leading Consumer Goods & Services research firm, has also published the following reports:

Air Purifier MarketThe total market size was valued at USD 11.99 Bn in 2023 and is expected to reach USD 21.84 Bn by 2030, at a CAGR of  8.94 percent. Increasing airborne infections and pollution in urban areas and increased health awareness, improved living standards and increased disposable income are driving the air purifier market growth.

Paper Packaging Market: The total market size was valued at USD 164.04 Bn. in 2023 and is expected to grow by 6.8 percent from 2024 to 2030, reaching USD 259.99 Bn. The surging of online retail is boosting the demand for durable and protective packaging. Corrugated boxes, in particular, are witnessing increased usage due to their strength and ability to protect goods during shipping.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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