Food Bags Market is Expected to Reach USD 519.83 billion by 2029

 The Food Bags Market was valued at USD 341.30 billion in 2021 and is expected to reach USD 519.83 billion by 2029, registering a CAGR of 5.4 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Food bags market has shown an exceptional penetration in countries such as the U.S., Germany and China. Growing usage of food bags is increasing the penetration in developed countries. In developing countries, increasing use of green packaging solutions is creating opportunity for the global food bags market.

According to Data Bridge Market Research, the market for food bags in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader are International Paper, Amcor plc and Smurfit Kappa which accounts an estimated market share of approximately 35% to 38% in the Asia-Pacific region. The company has gained outstanding sale through their wide range of food bags that have wide range of application in household as well as industrial sector. For instance,

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Trends Impacting the Market

Now the question is which other regions International Paper, Amcor plc and Smurfit Kappa are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific food bags market and the market leaders targeting Japan and India to be their next revenue pockets for 2020.

The food bags market is becoming more competitive every year with companies such as International Paper, Amcor plc and Smurfit Kappa as they are the market leaders for food bags. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the food bags market.
Food Bags Market Development

In June 2019, Smurfit Kappa was awarded with ‘WorldStar Awards’ for sustainable and innovative packaging solutions. The award helped in expanding the customer base and increased the goodwill of the business.

Scope of the Food Bags Market

Global food bags market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Hong-Kong, Taiwan, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel and Rest of Middle East & Africa.

To know more about the study https://www.databridgemarketresearch.com/reports/global-food-bags-market

Key Pointers Covered in Food Bags Market Industry Trends and Forecast to 2027

• Market Size
• Market Standards and Changes
• Market Trials in Different Regions
• Market Supply Chain Competiveness
• Market Value Chain Analysis

Key Market Competitors Covered in the Report

• International Paper
• Amcor plc
• PAPIER- METTLER KG
• Unistar Plastics, LLC
• El Dorado Packaging
• Superbag

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