The Retail Bags Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.
The market for retail bags is anticipated to develop during the forecast period due to the increasing regulation and limitations on using plastic materials in retail bags. The retail bag market's plastic material sector is anticipated to have significant growth, and the use of virgin plastic is projected to be replaced by higher recycling and bio-based plastic consumption. The demand for retail bags has also significantly been fueled by the fast-growing number of supermarkets, shopping malls, and the established retail industry globally.
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The global Retail Bags market provides qualitative and quantitative information on growth rate, market segmentation, market size, future trends and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Retail Bags market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.
Leading Key Players Covered in Retail Bags market:
- Atlantic Poly Inc.
- Smurfit Kappa Group PLC
- SPP Poly Pack Pvt. Ltd.
- Mondi Group PLC
- EI Dorado Packaging Inc.
- The Carry Bag Company
- Attwoods Packaging Company
- Global-Pak Inc.
- Burberry Group plc.
- Welton Bibby And Baron Limited
- Initial Packaging Ltd
- Rainbow Packaging Inc.
- Rutan Poly Industries
- Coveris Holdings S.A.
- Parda Holding B. V.
- Novolex Holdings Inc.
- International Paper Company and other major players.
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Segmentation of Retail Bags market:
By Type:
Handle Retail Carry Bags, Without Handle Retail Carry Bags, Loop Handle Bags, Premium Retail Carry Bags, Others
By End Users:
Online Retailers, Offline Retailers
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Reasons To Purchase This Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Retail Bags Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Retail Bags Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Retail Bags market share for key players, along with new projects and strategies that players have adopted over the past six years
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Key Benefits for Industry Participants Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape strategies of key players
- Potential niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Retail Bags Market
COVID -19 Impacts on the Retail Bags Market:
The demand for shopping bags has increased as people's disposable money has increased. During the projection period, however, the market for shopping bags is predicted to experience a fall in sales. This is owing to the global disruption produced by the COVID-19 epidemic. The growth rate is slowing since tourists from numerous nations may not travel as much as they have in recent years. The emergence of coronavirus has slowed the implementation of the single-use plastics ban. Early in 2020, with concerns about the spread of the virus, allied buyers of retail items returned to trash packaging. Simultaneously, in the United Kingdom and the United States, restrictions on throwaway items were delayed due to customer behavior. For example, plastic bag restrictions in California and Oregon were lifted, while a ban in Maine was delayed, and reusable bag bans were enacted in several US cities and grocery stores. Following a years-long trend of countries prohibiting or taxing the use of plastic bags, these setbacks have forced an abrupt reversal of course.
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