Produced Bags Market - Size & Upcoming Industry Trends

Produced Bags Market Synopsis:

Produced Bags Market Size Was Valued at USD 634.3 Million in 2023, and is Projected to Reach USD 943.6 Million by 2032, Growing at a CAGR of 4.5% From 2024-2032.

The produced bags market relates to the aggregate of all manufactured and distributed bags for the consumer and industrial applications. These bags are re-usable, biodegradable or compostable, paper and plastic bags for shopping, storage or travel or packing bags. As the pollution levels are rising, customers are moving towards eco friendly products like, bags which are made from organic cotton, jute, recycled material and biodegradable polymers. Some of these factors include: government policies and standards, customer sensibility to the environment, and improvement in technologies within the manufacturing processes to allow for EMB production.

The produced bags market has been progressively growing over the years mainly because of the growing consumer preference for strong bags for multi-functional use occasions in retail sales, online stores and the industrial products market. Several factors have contributed to the increased demand of packaging and delivery bags such as; the coming of the advanced shopping styles that have made various people across the world to shop from the various outlets which has promoted the use of e-commerce packaging and delivery thus the need for more bags for packaging The retail industry still relies on reusable and paper bags as a way of conserving the environment. Manufacturers in the sector are keen on friendly products to satisfy the increasing market demand for ecological products and to adhere to the strict legal requirements on limitations to the use of plastics.

Apart from the above-noticed retail and packaging uses, the market has embraced other growth factors in terms of new material types and designs. Carry on bags manufactured out of natural and reusable material is becoming increasingly popular particularly in the developed world, awareness related to environmental conservation is highest. However, the developing countries are also embracing the eco-friendly bag opportunities through growing governmental and corporate social responsibility programs towards the removal of plastics.

Produced Bags Market Trend Analysis:

Sustainability Drives Market Dynamics

• The produced bags market also has the trend of sustainability as one of the dynamic trends that have emerged. People around the globe are increasingly rejecting the traditional plastic carryout bags for more environmentally friendly bags. This is especially true for urban regions, where the level of consumer concern with environmental pollution is usually elevated. To address this demand, manufacturers are exploring alternatives to using normal modes of materials, including organic cotton, jute, biodegradable plastics, and so on. Also, more organizations have put up closed loop recycling regimes to reduce waste and optimize the use of resources in their production.

E-Commerce Expansion Offers Unprecedented Opportunities

• A large increase in the amount of growth in the E-commerce sector proves to be a large potential for the market of the produced bags. With the increase in the option for online shopping, the need for long-lasting and sustainable packaging material has also shot up. Industry specific produced bags, especially biodegradable and paper bags have become fashionable in the market and have been adopted nearly all the big E-commerce companies to support their green agenda. Further, as the consumers are gradually realizing the need to adopt environmentally friendly packing, firms can also redesign their bags to be lighter and recyclable for this sector of consumers.

Produced Bags Market Segment Analysis:

Produced Bags Market is Segmented on the basis of type, Material, End User, and Region

By Type, Reusable segment is expected to dominate the market during the forecast period

• When it comes to comparing all the segments of the produced bags market during the forecast period, reusable bags are expected to expose the most growth due to the growing concern for the environment and the constant searches for eco-friendly items among consumers. It has to be noted that these bags, usually of organic cotton, jute and recycled polyester, are reusable for long term hence popular among consumers and businesses. Government regulations accordingly placing a ban on single-use plastic bags across many countries have also escalate the use of reusable bags.
• Furthermore, the use of reusable bags is becoming more and more a product branding promotional item among firms. While advertising their products, people find reusable bags very convenient since they are characterized by customization and help capture and retain clients. Because of the increase in consumer understanding and positive government polices the reusable segment will continue to dominate over the years to come.

By Material, Organic Cotton segment expected to held the largest share

• Organic cotton segment will be majorly dominating the market for produced bags due to its product characteristics and the high acceptance by customers. The bags are made of organic cotton and therefore can be recycled, are reusable and devoid of any hazardous chemicals. Measures against the utilize of synthetic materials with negative impacts in the environment has created a ready market for the organic cotton bags especially in North America and European Countries.
• Equally organically grown cotton has some use-value advantages ranging from flex span and carrying capacity which makes it ideal for uses such as shopping, traveling and many others. As more governments and organizations continue encouraging people to embrace environmentally friendly solutions, the use of organic cotton bags as a material is further expected to grow thereby becoming the largest segment.

Produced Bags Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia Pacific is Expected to Dominate the Market Over the Forecast period. This is because leadership is found in a region with a high population density, the level of urbanisation is rising, and clients are becoming more sensitive to the adverse effects that their actions have on the environment. China and India are leading the market demand for reusable and bio-degradable bags with government support and massive market production. Moreover, the growing market for e-commerce in this region has also escalated the demand for packaging products and has played the primary role in the enhancement of Asia-Pacific sector in the market.

Active Key Players in the Produced Bags Market:

• Alfa Bag Industries (India)
• Ambika Packaging (India)
• BASF SE (Germany)
• Berry Global Inc. (USA)
• Biobag International AS (Norway)
• Earthwise Bag Company (USA)
• Eco-Bags Products, Inc. (USA)
• EnviGreen Biotech (India)
• Fabrik Industries (UK)
• Greenpack Industries (Australia)
• Interplast Group (UAE)
• Novolex (USA)
• Paptic Ltd. (Finland)
• The Carry Bag Company (UK)
• Xiamen Mingda Packing Co., Ltd. (China)
• Other Active Players