The portion bags market is poised to achieve a significant value pool of US$ 12 billion by the end of 2022. Anticipated to grow steadily over the span of 2022 to 2032, the market is projected to register a promising CAGR of 3%. As the assessment period concludes, the global market is forecasted to soar to a remarkable market valuation of US$ 17 billion.
The global portion bags market is geographically segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa, with each region presenting unique dynamics and opportunities.
In North America, the United States, known for its high obesity rates and oversized food portions, represents a fertile ground for the growth of the portion bags market. The trend of larger food sizes over the last two decades has led to increased demand for portion control and waste reduction. As a result, portion bags are gaining popularity as a means to manage serving sizes and reduce food waste.
In Europe, the United Kingdom stands out as a country with a high food wastage rate. The need to address food wastage issues is expected to drive steady growth in the demand for portion bags. These bags serve as an effective tool to control portion sizes and encourage responsible consumption.
Asia Pacific, on the other hand, is poised to experience moderate growth in the portion bags market. This can be attributed to the region’s rising disposable income levels and a growing working population. As people lead busier lives and have more purchasing power, the demand for convenient and portion-controlled food packaging is likely to increase.
In summary, the global portion bags market exhibits diverse regional dynamics driven by factors such as obesity rates, food wastage concerns, and economic factors. The market is expected to continue growing as consumers and businesses alike seek practical solutions for portion control and waste reduction.
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Key Portion Bags Market Takeaways and Projections
- The U.S. is expected to lead the North America Portion Bags market, projecting the fastest growth in the region between 2022-2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Portion Bags market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Portion Bags market. Some of the players in the global Portion Bags market are
- ITD Food Safety,
- Mondi Group,
- WinPak Ltd.,
- Prism Pak, Inc.,
- RH Packaging Ltd.,
- Biopac (UK) Ltd,
- Wegmans Food Markets, and
- Wasserstrom Restaurant Supply.
Report Benefits & Key Questions Answered
- Portion Bags Historical Market Analysis: The detailed survey by FMI, examines key factors in the Portion Bags market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Portion Bags market for the forecast period 2022-2032.
- Portion Bags Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Portion Bags Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Portion Bags for the assessment period. As per the study, the demand for Portion Bags will grow at a robust CAGR between 2022-2032.
- Portion Bags Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Portion Bags market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Portion Bags Market Trend Analysis: The latest study by FMI on the Portion Bags market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
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Portion Bags Market: Market Segmentation
The global portion bags market is segmented on the basis of material type, sealing type, packaging type, and geography. On the basis of material type, the global portion bags market is segmented into HDPE, LDPE, PP, and others. On the basis of sealing type, the global portion bags market is segmented into Heat seal, zipper top, and self-adhesive seal.
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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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