Bags And Containers Market Size, Share, Growth, and Industry Analysis, By Type (Backpacks, Travel Bags, Sports Bags, and Tote Bags), By Application (Online and Offline), and Regional Forecast to 2033

BAGS AND CONTAINERS MARKET OVERVIEW

The global bags and containers market size was USD 57.24 billion in 2024 and is projected to touch USD 87.85 billion by 2033, exhibiting a CAGR of 4.87% during the forecast period.

Carry and storage bags are widely applied to packaging and storage in different fields such as calculating, traveling and catering industries. They may come as large or small, sweet or bitter, hard or soft, metallic or non-metallic and many more, all with specific functions. On the other hand, food storage containers including glass jars and plastic boxes as well as others are very important for housing foods to enhance their freshness, tidiness, and avoid contact with contamination. In structure, bags and containers transformed into more beneficial methods such as compartments, waterproof bags and even using environment-friendly material to suit the consumer who is being more careful of what they use.

The market for bags and containers has been affected by the environmental changes, in the sense that consumers are now more inclined to get re-usable and more environmentally friendly bags and boxes. With the increasing awareness in the use of plastics and damaging effects they cause to the environment consumers are now using reusable bags, containers and cloth bags or biodegradable bags made of plastic silicone material. Further, advancements in twists, seals on the stackable bins, and collapsible or modularity of storage are adding comfort to both home and on the go.

COVID-19 IMPACT

Bags And Containers Industry Had a Negative Effect Due to Restrictions on Social Events during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Similarly, the outbreak of COVID-19 affected the demand as well as the sales of bags and containers in the market. As the result of lockdowns, restrictions on social interactions, and travel, carry-on bags, travel bags, luggage, and associated products are likely to be strongly impacted negatively. On the other hand, COVID boosted the use of storage containers, especially feedback storage as sales for packaged and fresh produce increased and home chefs sought means to store fresh food and leftovers.

Additionally, the COVID and online shopping pushed the demand for packaging solutions forward. Companies started investing on creating a sustainable packaging material that has a long-life span that corresponds to the consumer shift towards sustainable packaging. Newer and stylish modern bags for organizational purposes at new home-based work stations were also in great demand.

LATEST TREND

"Sustainable and Eco-Friendly Materials to Drive Market Growth"

There have been notable developments in the market which has the potential to boost the bags and containers market share. The trend that has been emerging widely among the consumers is the preference of recycled plastic products, biodegradable products, and products with fabrics from plants such as hemp, organic cotton among others. Manufacturers are rising to the challenge by using these materials in different types of bags and containers such as those used in shopping, and food containers. This trend is facilitated by increasing environmental consciousness and a diminishing appetite for using plastics particularly disposable cutlery and containers.

BAGS AND CONTAINERS MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Backpacks, Travel Bags, Sports Bags, and Tote Bags.

• Backpacks: Backpacks are forms of bag that are for body carried carrying products via its two straps that goes over the two shoulders. They are mainly used for daily transport to and from work, school, hiking or traveling and other activities where the hands should be free while having adequate space for storage.
• Travel Bags: Travel bag simply refers to an item used for a carrying of cloths, accessories and all other requirements during travel. These bags appear in duffel bag, roller bag, as well as carry-on styles, and are constructed for sturdiness and portability.
• Sports Bags: Athletic bags, sport bags or duffel bags are bags designed to carry athletic and sport related accessories including clothes, shoes and other sports equipment. It usually contains partitions that help in making a difference between wash or other body-related belongings and other items that athletes may have.
• Tote Bags: Tote bags are large, open topped, large pocket bags with handles ideally used in carrying daily items like foods and groceries, stationery, and other personal effects. They are made from fabric materials such as canvas fabric, fabric or leather and they come with a brilliant design fashion for casual occasions.

By Application

Based on application, the global market can be categorized into Online and Offline.

• Online: Online means something which is performed, operated or done using the internet. This encompasses, commerce, financial, social, and entertainment activities that are accessed through websites, applications, or social media accounts.
• Offline: Offline means doing some tasks or providing a particular service when there is no access to the internet. This includes face to face contact, normal shopping, face to face meetings, or using devices in the region.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

"Rising Consumer Awareness of Sustainability to Boost the Market"

There are several elements inspiring the bags and containers market growth. Environmental consciousness has recently shifted consumers the trend of using more reusable, recyclable bags and containers from those made from traditional materials such as plastics, metals and glass. Workers are becoming urbanized and are more involved in daily working during the day and thus the products such as bags and containers that they need in their daily use, when going to work, during work, at other places.

"Growth in E-commerce to Expand the Market"

The advancement and growth of internet shopping, for example, has led to a higher requirement of packs and holders largely for the purposes of posting and stowage. The field of packaging is trending toward more durable and affordable materials for the safe transportation of products Businesses are now targeting improving the packaging to meet the demands that may occur during the transport of products Travel, and tourism industries are expanding rapidly, and with it comes the need for more suitcases, luggage’s, bags, and backpacks.

Restraining Factors

"Environmental Impact of Plastic to Potentially Impede Market Growth"

However, the use of the plastic material has continued to rise despite the increased push towards sustainable material usage in packaging especially the uses of the bags and containers. This has been accompanied by government regulations and consumer call for more environmentally friendly solutions, putting pressure on manufacturers to go green. New forms of packaging that include biodegradable bags and plant-based containers have emerged to compete for the traditional bags and containers.

Opportunity

"Sustainable and Eco-Friendly Products to Create Opportunity for the Product in the Market"

Consumers are increasingly aware of the environmental issue with single-use plastic, and therefore are using bags and containers made from biodegradable, recyclable or upcycled material. This is further supported by various national and global policies widening corporate social responsibility in the development of environmentally sustainable packaging. Corporations that make personalized efforts in research to produce environmentally-friendly products will not only accommodate the growing competitive demand but also support the worldwide leading environmental agenda.

Challenge

"High Cost of Sustainable Production Could Be a Potential Challenge for Consumers"

As much as there is the emergence of the demand for environmentally friendly products, we find that the cost of sourcing for raw materials such as organic cotton, bamboo and recycled plastics is still high than that of plastics. This can also lead to high prices of sustainable products that can only be afforded by those at the higher end that will also lower the profits for the manufacturers. Secondly, there are inconsistencies in regulating for sustainability and customers’ expectations for products and services can cause confusion and unmask difficulties in maintaining competitiveness.

BAGS AND CONTAINERS MARKET REGIONAL INSIGHTS

• North America

North America is the fastest-growing region in this market. The United States bags and containers market has been growing exponentially owing to multiple reasons. This has been especially so in view of the pandemic that has boosted the trend towards e-commerce and thereby increasing the use of sturdy and recyclable packaging for transportation and warehousing. Due to awareness of environmental effects the customer is now more conscious about biodegradable bags, recyclable and reusable bags. This is true because retailers and manufacturers are adjusting to the call for a reduction of plastic usage by providing more sustainable solutions. Further, concepts like customization and versatility of the containers, are also showing signs of emerging in this region as far as the design of innovations are concerned.

• Europe

Europe holds a rather large share in the bags and containers market, especially focusing on the further development of the segment for environmentally friendly products. High standards in the emission of plastic waste and the global change in attitude towards the use of green material have forced manufactures to develop products that are biodegradable and recyclable. The general public has a preference for carry bags and packaging solutions which can be reused currently in the market. Thus the importance of improved packaging through functional and sustainability improvements is a necessity due to the growth of e-commerce.

• Asia

The bags and containers market in the Asia Pacific is still growing rapidly due to expansion and rising middle-aged persons. The faster growing disposable income and constantly shifting lifestyles are propelling the demand for better and more organized systems, and fashionable bags. In many Asian countries, such as China, Japan and India, contemporary and Oriental bags and containers are popular in retailers, foodstuffs and logistic sections. They said that the distinct consciousness of sustainability is also leading a change towards more sustainable products, especially in countries that underwent industrialization.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Key industry players are shaping the bags and containers marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the bags and containers.

LIST OF TOP BAGS AND CONTAINERS COMPANIES

• Envirotainer AB. [Sweden]
• Insulated Products Corporation [U.S.]
• Pelican BioThermal [U.S.]
• Sonoco Products Company [U.S.]
• TKT GmbH [Germany]

KEY INDUSTRY DEVELOPMENT

July 2024: My Funky Bags took significant strives ahead in the bags and containers marketplace. They recently developed line of bags crafted from recycled plastic water bottles. Made by hand weaving by local craftsmen when purchasing these durable and fashionable bags you are supporting job creation and conservation. The move not only helps cut down landfill waste but also provides consumers with green solutions for common utility.

REPORT COVERAGE

SWOT analysis is presented in this work at a high level, and helpful recommendations regarding further evolvement of the market are considered. This paper takes an opportunity to review and discuss the market segments and possible applications that have the potential to influence the market growth in the future years. The work uses both, the data regarding the modern state of the market and the information on its evolution to identify the possible development trends.

The bags and containers with better portability is expected to gain high growth rates due to better consumer adoption trends, increasing application areas, and more innovative product developments. Yet, there might be some problems like, for instance, the shortage of raw materials or higher prices for them However, the growing popularity of specialized offerings and tendencies towards enhancing quality foster the growth of the market. All of them are progressing through technology and innovative strategies in developments as well as in supply chain and market. Due to changes in the market environment and growing demand for variety, the bags and containers has a promising development since it constantly develops and expands its application.