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The retail bags market has shown strong growth, with its size increasing from $16.84 billion in 2023 to $17.98 billion in 2024, at a compound annual growth rate (CAGR) of 6.8%. This growth can be attributed to rising urbanization, increased tourism, growth in home delivery services, the expansion of e-commerce, and a surge in online shopping. The market is expected to continue its strong growth, reaching $23.66 billion by 2028 at a CAGR of 7.1%. This projected growth is driven by the expanding retail industry, more shopping malls, heightened awareness of waste generation, an increase in supermarkets, and rising consumer spending. Major trends during this forecast period include technological advancements, the adoption of biodegradable bags, the use of eco-friendly materials, smart packaging solutions, and subscription models.

The rise in e-commerce is expected to propel the growth of the retail bags market. E-commerce, involving buying and selling goods over the internet, is growing due to advancements in mobile technology, digital marketing, and logistics. Retail bags are essential for packaging products purchased online, enhancing customer convenience. For instance, the United States Census Bureau reported in May 2024 that U.S. retail e-commerce sales totaled approximately $289.2 billion in the first quarter of 2024, marking a 2.1% increase from the fourth quarter of 2023. Therefore, the rise in e-commerce is driving the growth of the retail bags market.

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What Are The Key Trends That Influence Retail Bags Market Share Analysis?

Major companies operating in the retail bag market are focused on developing innovative products, such as Locally-made retail paper bags, to promote environmental stewardship and enhance product durability. Locally-made retail paper bags are paper bags produced within a specific geographic area or community. Locally-made retail paper bags can be a great choice for businesses looking to align with sustainability goals and support their local economy. For instance, in February 2024, Visy Industries, an Australia-based packaging and recycling company, launched locally-made retail paper bags. These heavy-weight bags are crafted from thicker paper, ensuring enhanced durability and strength, which makes them suitable for carrying heavier items without tearing. These innovative bags are fully recyclable through Australian curbside recycling bins, providing consumers with a convenient and eco-friendly disposal option.

Which Market Players Are Driving Growth In The Retail Bags Market?

Major companies operating in the retail bags market are Flexo Converters USA, International Paper, Smurfit Kappa Group plc, Mondi Group plc, Novolex Inc., Burberry Group plc, ProAmpac Intermediate Inc., Coveris SA, Antalis Group, Atlantic Packaging, Welton Bibby and Baron Limited, BioPak Pty Ltd., EI Dorado Packaging Inc., Global-Pak Inc., Rutan Poly Industries Inc., Atlantic Poly Inc., Attwoods Packaging, GreenPack Limited, Rainbow Packaging Inc., SPP Poly Pack Pvt Ltd., The Carry Bag Company, Kiwi Office, Europages UK

How Is The Global Retail Bags Market Segmented?

1) By Material Type: Plastic; Paper; Other Material Types
2) By Pattern: Textured; Printed; Solid; Other Patterns
3) By End User: Grocery Stores; Food Service; Other End Users

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The Retail Bags Global Market Report 2024 provides an overview of the retail bagsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail bags market forecast analyzes retail bags market size, retail bags market share, leading competitor and their market positions.

The Table Of Content For The Retail Bags Market Include

1. Retail Bags Market Executive Summary
2. Retail Bags Market Segments
3. Retail Bags Market Size And Template Market Growth Rate
4.  Key Retail Bags Market Trends
5. Major Retail Bags Market Drivers
……
25. Key Mergers And Acquisitions In The Retail Bags Market
26. Top Retail Bags Companies
27. Retail Bags Market Opportunities And Strategies
28. Retail Bags Market, Conclusions And Recommendations
29. Appendix

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