As per Future Market Insights (FMI), the Global Food Bags Market value is expected to rise from US$ 824.0 million in 2023 to US$ 1,594.3 million by 2033. Over the projection period from 2023 to 2033, global sales of food bags are likely to rise at 6.8% CAGR.
Disposable Food Bags: A Highly Popular Bag Type:
Disposable food bags are expected to remain the highly popular bag type globally. As per the latest analysis, demand for disposable food bags is expected to thrive at a CAGR of around 6.5% over the forecast period.
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Meeting the Demand for Portable Meals and Snacks:
With the busy lifestyles of individuals, the need for portable meals and snacks has grown. Food bags provide a convenient option for packing homemade meals and snacks, allowing individuals to carry their food easily to work, school, or outdoor activities.
The Role of the Food Bags Industry in Providing On-the-Go Food Solutions
The food bags industry benefits from this demand for portable and on-the-go food solutions. As more individuals embrace the joys of cooking at home, the food bags industry is expected to experience continued growth
Growth of Online Food Delivery Platforms and Its Impact on Food Bag Sales
Subsequently, the rapid expansion of the food service sector and the growth of online food delivery platforms are expected to fuel food bag sales during the assessment period.
Key Takeaways from the Global Food Bags Market Report
- The global food bags industry is projected to cross a valuation of US$ 1,594.3 million by 2033.
- By bag type, the disposable bags segment is estimated to hold more than 71.1% market share by 2033.
- Based on material, the plastic segment is estimated to hold around 44.0% of the market value share by the end of 2023.
- By size, the medium-size bag is expected to offer an incremental opportunity of US$ 418.8 million during the forecast period.
- By end use, the food service outlets segment is projected to create an incremental opportunity of US$ 395.8 million during the forecast period.
- The United States food bags industry is projected to create an incremental opportunity of US$ 66.6 million during the assessment period.
- China’s market is likely to provide an incremental opportunity of US$ 55.4 million by 2033.
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Global Food Bags Market Segmentation
By Material Type:
- Nylon
- Plastic
- Aluminum
- Paper
- Silicon
By Bag Type:
- Disposable
- Reusable
By Size:
- Small
- Medium
- Large
By Sales Channel:
- Online
- Offline
- Supermarket/Hypermarket
- Convenience Stores
- Others
By End Use:
- Food Service Outlets
- Food Service Restaurant
- Quick Service Restaurant
- Catering Services
- Hotels and Lodgings
- Food Courts
- Others
- Institutional Food Services
- Hospital
- Offices
- School
- Household