NEWARK, Del, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The global fruits and vegetable bag market value is expected to rise from US$ 1,545.37 million in 2024 to US$ 2,446.2 million by 2034. This estimated growth is expected to be driven by a CAGR of 4.7% over the next decade.
The fruits and vegetable bag market is going through a massive shift as consumers and consultations take ambitious steps toward pollution prevention to bring positive and sustainable societal changes. Demand for fruits and vegetables is predicted to expand over the years, leading to the growth in sales of reusable and eco-friendly fruit and vegetable bags.
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The impact of pollution prevention planning notices for using primary food plastic packaging in various countries is expected to limit the scope of plastic fruits and vegetables, especially at grocery stores, superstores, hypermarkets, etc. Biodegradable alternatives are also being explored; however, their expensive cost and greenwashed image are holding back their sales.
Companies are also searching for ways to recycle and reuse plastic packaging within a contained supply chain. Another notable development in the market is the use of reusable polyester mesh bags to motivate shoppers to utilize reusable bags for vegetables and fruits.
“Key players are finding significant scope for growth in Asia Pacific countries, especially India and Japan. With ongoing bans on single-use plastic packaging, the shift toward eco-friendly solutions is predicted to accelerate,” says Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways from the Fruit and Vegetable Bag Market Report
- Europe is predicted to take the lead in the global fruit and vegetable bag market by acquiring a market share of 29.40% in 2024. The regional market is predicted to be upheld by significant growth in Germany, which is estimated to register a CAGR of 4.3% through 2034.
- The North America’s share in the global market is predicted to be 25.10% in 2024. The United States market is anticipated to expand at a CAGR of 3.90% through 2034.
- Within Asia Pacific, China, India, and Japan are the leading contenders in growth as they embark on a growth rate of 5%, 6.50%, and 6%, respectively, for 2024 to 2034.
- Based on bag type, the disposable category outshines with an overall share of 72.50% in 2024.
- The food service outlets account for a massive share of 48.50%.
Manufacturers of Fruit and Vegetable Bags Vying for a Larger Market Share
Key manufacturers of grocery bags or fruit and vegetable bags are proposing new designs and materials to achieve their goal of sustainability. This is also spearheaded by the ongoing consultations for pollution prevention, thus creating an opportunity for the sale of eco-friendly fruits and vegetable bags. The adoption of new technologies to enhance the manufacturing process of fruit and vegetable bags is predicted to strengthen key players’ stances in the market. Typical market growth strategies adopted by players include mergers, acquisitions, and collaborations.
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New Developments Taking Place in the Fruits and Vegetable Bag Market
- In March 2023, five Dutch retailers, namely PLUS, Lidl, ALDI, Albert Heijn, and JUMBO, pledged to execute reusable bags that can be cleaned at home for their vegetable and fruit products.
- In July 2023, New Zealand became the world’s first country to extend its ban on single-use plastic bags in supermarkets. The new move is predicted to prevent the utilization of 150 million plastic bags per year.
- In October 2023, producers of fruits and vegetables warned that grocery prices would spike in the future due to proposed plastic reductions.
Key Companies Profiled
- BeEco
- Onya
- Everspring
- To-Go Ware
- Apreco
- Ornabag
- Veggies2Go
- GreenBee Produce Bags
- Produce Pals
- The Reusable Bag Co.
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Segmentation of Fruits and Vegetable Bag Industry
By Material:
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Bioplastics
- Other Plastics
- Paper
By Bag Type:
- Disposable
- Reusable
By End-use Sector:
- Foodservice Outlets
- Commercial and Institutional
- Household
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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