Us ECO Bags Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
ECO Bags Market was valued at USD 9.5 Billion in 2022 and is projected to reach USD 21.2 Billion by 2030, growing at a CAGR of 10.7% from 2024 to 2030.
The U.S. eco bags market has experienced significant growth in recent years, driven by increasing environmental awareness and stringent regulations aimed at reducing plastic waste. In 2023, the retail bags market was valued at $16.84 billion, with projections estimating a rise to $17.98 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.8%. This upward trend is anticipated to continue, reaching $23.66 billion by 2028, marking a CAGR of 7.1%. The surge in demand for eco-friendly bags is attributed to factors such as urbanization, a rise in home delivery services, and heightened consumer consciousness regarding environmental issues.
Key trends influencing the market include the adoption of biodegradable bags, the use of eco-friendly materials, and the integration of smart packaging solutions. For instance, Visy Industries introduced locally-made retail paper bags in February 2024, constructed from thicker paper material to ensure enhanced strength and durability. These bags are fully recyclable through Australian curbside recycling programs, providing consumers with a convenient and eco-friendly disposal option.
Major companies operating in the U.S. eco bags market include Flexo Converters USA, International Paper, Smurfit Kappa Group, Mondi Group, Novolex, Burberry Group, ProAmpac Intermediate, Coveris, Antalis Group, Atlantic Packaging, Welton Bibby and Baron, BioPak, EI Dorado Packaging, Global-Pak, Rutan Poly Industries, Atlantic Poly, Attwoods Packaging, GreenPack, Rainbow Packaging, SPP Poly Pack, The Carry Bag Company, Kiwi Office, and Europages UK. These companies are at the forefront of developing innovative, sustainable packaging solutions to meet the growing demand for eco-friendly bags.
In addition to retail bags, the sustainable bag market is projected to expand from USD 19.4 billion in 2023 to USD 53.98 billion by 2032, with a CAGR of approximately 12.04%. This growth is driven by heightened environmental consciousness and government regulations, including bans on single-use plastics and increased consumer preference for eco-friendly products. The market is witnessing a shift towards biodegradable, compostable, and recycled materials in bag manufacturing, with reusable bags made from organic cotton, jute, and hemp gaining popularity.
Furthermore, the grocery bag market is set to reach a valuation of USD 20.1 billion by 2034, growing at a CAGR of 4.6% during the forecast period from 2024 to 2034. The demand for eco-friendly grocery bags is stimulating the adoption of sustainable alternatives, such as reusable bags made from recycled materials, which help reduce plastic waste. Modernization in bags, such as compostable plastic or organic cotton, accommodates the needs of environmentally aware consumers while providing practical solutions.
Overall, the U.S. eco bags market is experiencing robust growth, driven by consumer demand for sustainable products and supportive government policies. The trend towards eco-friendly packaging solutions is expected to continue, with ongoing innovations and regulatory measures further propelling the market forward.
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ECOBAGS Products
Ecobagsnz
ClearBags
EcoEnclose
Hervé Chapelier
IKEA
Simple Ecology
EcoRight
Paper Bag
Cotton Bag
Premium Ecobags
EVER ECO
Detpak
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global ECO Bags Market
Reusable Bags
Non-reusable Bags
Customizable Bags
Jute Bags
Organic Cotton Bags
Cotton
Jute
Recycled Plastics
Hemp
Nonwoven Polypropylene
Shopping Bags
Promotional Bags
Grocery Bags
Packaging Bags
Fashion and Lifestyle Bags
Individual Consumers
Retailers
Corporates
Non-Governmental Organizations (NGOs)
Food & Beverage Industry
Online Retailers
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Direct Sales
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global ECO Bags Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global ECO Bags Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ECO Bags Market, By Type
6. Global ECO Bags Market, By Application
7. Global ECO Bags Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global ECO Bags Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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