Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Food Packaging Bag Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.4% during the review period (2022 to 2027).
Food Packaging Bag Market Overview
One of the most often used plastic bags in daily life are food storage bags. Due to their chemical inertness, food storage bags are ideal for storing a variety of products, including hazardous chemicals. Food storage bags are a viable alternative to other packaging materials for the packaging of food, chemicals, and pharmaceuticals due to their high durability to weight ratio and increased flexibility. Food storage bags come in a variety of sizes and shapes thanks to manufacturers. The majority of regularly used food storage bags are constructed of low density food storage (LDPE). Food storage bags are used in food packaging because, when coated or lined with barrier films, they offer increased shelf life.
Over the course of the forecast period, diet- and health-conscious customers are anticipated to drive growth in demand for organic fresh food goods such fruits, vegetables, and dairy. Additionally, to appeal to a consumer base in the area who is concerned about the environment, a rising number of foodservice operators and retail chains in North American and European economies are predicted to move from plastic packaging to a sustainable alternative. Thus, the aforementioned factors are expected to drive the demand for eco-friendly food packaging bag.
Who are the Major Players in Food Packaging Bag Market?
The global Food Packaging Bag includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Amcor, Mondi Group, Smurfit Kappa Group, DuPont, International Paper Company, Coveris, D.S. Smith, Silgan.
What are the major Applications, Types and Regions for Food Packaging Bag Market?
Food Packaging Bag Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application it is segmented into
- Flex Plastic Intravenous (IV) Fluid Bags
- Semi-rigid Intravenous (IV) Fluid Bags
- Glass Bottles
Food Packaging Bag Market Regional Analysis
Asia Pacific dominated the market for Food Packaging Bag and accounted for the largest revenue share of 40% in 2020. The region is expected to dominate the market over the forecast period. The region hosts several fast-growing economies including India, China, South Korea, Japan, and Indonesia. A large consumer base in countries like India and China is responsible for the high demand for fresh food products, which, in turn, is augmenting the demand for Food Packaging Bag over the forecast period 2022-2027.
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Food Packaging Bag Market report scope?
Report Attributes
|
Report Details
|
Forecast Period 2022 to 2028 CAGR
|
CAGR of 5.4% during the review period (2022 to 2027).
|
By Type
|
- Meat or Seafood
- Fruits or Vegetables
- Dairy Products
- Others
|
By Application
|
- Vacuum Food Packaging Bag
- Inflatable Food Packaging Bag
- Poached Food Packaging Bag
- Others
|
By Companies
|
Amcor, Mondi Group, Smurfit Kappa Group, DuPont, International Paper Company, Coveris, D.S. Smith, Silgan
|
Regions Covered
|
- North America
- Europe
- Asia-Pacific
- Rest of the World
|
Countries Covered
|
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
|
Base Year
|
2022
|
Historical Year
|
2017 to 2021
|
Forecast Year
|
2022 to 2027
|
Number of Pages
|
137
|
Customization Available
|
Yes, the report can be customized as per your needs
|
Key Takeaways from this Food Packaging Bag Report
- Evaluate Food Packaging Bag market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Food Packaging Bag market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Food Packaging Bag market.
Frequently Asked Questions
What is the study period of this market?
The Food Packaging Bag Market is studied from 2017 - 2027.
What is the growth rate of Food Packaging Bag Market?
The Food Packaging Bag Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the leading key players in Food Packaging Bag Market?
Amcor, Mondi Group, Smurfit Kappa Group, DuPont, International Paper Company, Coveris, D.S. Smith, Silgan
What regions regions does this Food Packaging Bag Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Food Packaging Bag Market?
Meat or Seafood, Fruits or Vegetables, Dairy Products, Others
What are the significant Applications of Food Packaging Bag Market?
Vacuum Food Packaging Bag, Inflatable Food Packaging Bag, Poached Food Packaging Bag, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.