The global Food Storage Bag Market is on a remarkable growth trajectory. With an estimated sales revenue of US$ 4,749.9 million in 2023, this market segment is poised for substantial expansion. Projections suggest that by 2033, the food storage bag market is set to achieve a remarkable valuation of US$ 8,832.1 million. This impressive growth journey is underpinned by a projected compound annual growth rate (CAGR) of 6.4% over the forecast period spanning from 2023 to 2033. This robust CAGR reflects the growing demand for efficient and convenient food storage solutions worldwide, emphasizing the market’s significance in today’s fast-paced lifestyle.
Rising demand for food storage bags from households, institutional food services, and other end-use sectors is expected to drive the global market during the forecast period.
Food storage bags are a specific form of packaging made for preserving and storing different kinds of food. Typically, materials such as plastic or foil that are strong, flexible, and food-safe are used to make them.
Food storage bags are used to preserve the food’s freshness, quality, and flavor as well as to guard against freezer burn, contamination, and spoiling. They are frequently used in homes, eateries, catering businesses, and other food-related enterprises.
The increasing customization is pushing the logistics and supply chain companies to offer protective packaging solutions that will handle the product from start to end. Companies willing to offer solutions as per the customer’s demand and going the extra mile to offer value-added services are dominating the food storage bags market.
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Food Storage Bags Market by Categorization:
By Closure Type:
- Zipper
- Sliders
- Bags With Twist Ties
- Fold Tops
By Volume:
- Small (Up to 1 Litres)
- Medium (1 Litres To3 Litres)
- Large (Above 3 Litres)
By Material:
- Plastic
- Paper
- Aluminum
- Silicon
By Application:
- Dairy Product
- Ready-to-Eat Food
- Pet Food
- Baby Food
- Fresh Produce
- Bakery & Confectionery
- Other (Dry Fruits, Spices & Condiments)
- By End Use:
- Commercial
- Institutional Food Services
- Household Use
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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2018 to 2022 Food Storage Bags Sales Outlook Compared to Demand Forecast from 2023 to 2033:
According to Future Market Insights (FMI), global sales of food storage bags grew at a CAGR of 4.8% during the historic period from 2018 to 2022. Total market value increased from US$ 3,722.6 million in 2018 to US$ 4,498.8 million by 2022.
Looking ahead, the global food storage bags industry is projected to expand at 6.4% CAGR during the forecast period, reaching a valuation of US$ 4,749.9 million by 2033.
Growing usage of food storage bags in households, hotels, restaurants, and other sectors is driving the global market forward. Similarly, rising focus on enhancing food safety is expected to create a high demand for food storage bags through 2033.
Consumer retail outlets provide food storage bags made from different materials, such as plastic, biodegradable options, or specialty materials designed for specific purposes. This variety allows customers to choose bags that align with their preferences, including sustainability considerations.
The lightweight and portable nature of food storage bags make them ideal for on-the-go consumption and packed lunches.
Key Players:
- Reynolds Consumer Products
- Ziploc (S.C. Johnson & Son, Inc.)
- The Glad Products Company
- Inteplast Group
- Falcon Pack
- Fantastic Industries Inc
- Wuxi Tyler Packaging Products Co.,Ltd
- Duropak Limited
- OK Packaging Manufacturing Co., Ltd.
- Universal Plastic Bags
- Champion Plastics
- Rishi FIBC Solutions PVT. Ltd
- Handgards
- RediBagUSA
- Vera Plastics
- Royal Bag Inc
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Category-wise Insights:
Attractive Features of Plastic Making it a Preferred Material for Making Food Storage Bags
According to Future Market Insights (FMI), plastic is expected to remain the highly preferred material for producing food storage bags during the assessment period. The reason behind this is the strength, water resistance property, durability, and other features of plastic.
The attractive features of plastic make it favorable for a variety of applications. Plastic food storage bags are being widely used across sectors such as commercial and residential for storing and protecting a wide variety of products.
Growing end user preference for plastic food storage bags is expected to boost the target segment over the assessment period. The plastic segment is anticipated to hold around 58.0% share of the global food storage bags industry by the end of 2033.
Reusability and High Protection Making Zipper Closure Food Storage Bags Popular
Based on closure type, the global food storage bags industry is segmented into zipper, sliders, bags with twist ties, and fold tops. Among these, zipper remains the most popular type, owing to their various benefits.
The zipper closure segment holds a prominent market share in 2023. Further, it is expected to offer an incremental opportunity of US$ 1,194.2 million during the forecast period.
A zip-closure bag is a robust airtight plastic bag that protects the product from oxidation and moisture. Zip lock bags are made of sturdy materials that successfully safeguard products, and their reusability makes them a popular choice for end use.
A zipper is most purchased by handbag consumers for a variety of reasons, including the practicality of a zipper, which is utilized to keep items secure inside the bag. Zippers make it simple to open and close a bag and are crucial in the design and aesthetic of a bag.
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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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