The fast food bag market is estimated to be valued at USD 486.0 million in 2024. The market valuation was USD 460.7 million in 2023. The market is projected to progress at a CAGR of 5.5% over the forecast period from 2024 to 2034. By 2034, the market is expected to reach USD 830.2 million.
Attributes | Details |
---|---|
Fast Food Bag Market Value for 2024 | USD 486.0 million |
Projected Market Value for 2034 | USD 830.2 million |
Value-based CAGR from 2024 to 2034 | 5.5% |
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The fast food bag market was evaluated to be worth USD 380.0 million in 2019. Over the historical period from 2019 to 2023, the market had a commendable CAGR of 4.9%.
The pandemic resulted in the shutting down of a number of restaurants and other eating places, negatively impacting the market. On the other hand, as more people stayed at home, the trend of ordering fast food online increased.
Fast food bags were used in large quantities in restaurants and online food delivery outlets. By the end of the historical period, the market value reached USD 460.7 million.
Market Valuation (2019) | USD 380.0 million |
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Historical CAGR (2019 to 2023) | 4.9% |
Historical Market Valuation (2023) | USD 460.7 million |
In 2024, the value of the fast food bag market is estimated at USD 486.0 million. During the forecast period from 2024 to 2034, the market is expected to progress at a CAGR of 5.5%.
The fast food bag market is expected to grow more rapidly over the forecast period than in the historical period. The popularity of fast food continues unabated and is expected to soar over the forecast period. An increase in the number of fast food eating places is also conducive to the growth of the fast food bag market.
The tendency of people to consume fast food at home is predicted to grow over the forecast period. The online delivery channel is projected to propel the market’s growth over the forecast period. By 2034, the market value is expected to have jumped to USD 830.2 million.
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The fast food bag market can be segregated into two segments: material type and application. By looking at the segments, the type of bag most commonly used in fast food packaging can also be observed. The place where fast food bag finds most application is also known.
Brown kraft bags dominate the material type segment of the market. In 2024, brown kraft is expected to account for 82.5% of the market share by material type.
Brown kraft bags are trusted by both consumers and fast food places. The bags provide a comfy and safe packaging solution to store and distribute food. In addition, brown kraft bags are also recyclable and thus environment-friendly.
Top Material Type | Brown Kraft |
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Market Share in 2024 | 82.5% |
Hotels, restaurants, and cafes supply a high amount of fast food and thus feel the need for fast food bags. For 2024, hotels, restaurants, and cafes are expected to hold 66.1% of the market share by end use.
The proliferation of hotels, restaurants, and cafes is helping to keep the demand flowing for fast food bags. With the rate of opening of eating places increasing, the demand is expected to expand further and hotels, restaurants, and cafes are predicted to continue dominating the segment.
Top End Use | Hotels, Restaurants, and Cafes |
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Market Share in 2024 | 66.1% |
North America and Europe are two of the dominant regions in the market. Fast food is consumed heavily in the region owing to the busy working population’s tendency towards quick fixes when it comes to eating.
The Asia Pacific is one of the fastest-growing regions in the market. The ever-growing population of the region is being attracted by fast food due to the increasing number of fast food places opening in the region. In addition, multinational giants like Domino’s and KFC have also gained a stronghold in the region.
Countries | CAGR (2024 to 2034) |
---|---|
United States | 5.4% |
Japan | 5.0% |
Australia | 4.1% |
India | 7.5% |
China | 6.7% |
India is one of the most promising countries in the market. For the forecast period from 2024 to 2034, the market is expected to grow at a 7.5% CAGR.
Indians are increasingly consuming food at home, including fast food. Therefore, the online food delivery channel is booming in India, especially with the presence of a variety of options. Online food sellers are relying on fast food bags to satiate the considerable delivery and packaging needs of the country.
Chinese people are increasingly developing a taste for fast food, which is stimulating the growth of the fast food bag market. The market in China is projected to grow at a CAGR of 6.7% over the forecast period.
Multinational fast-food giants have carved out a significant piece of the pie in China. Fast food chains like McDonalds’s, Subway, and KFC have a stronghold in the market. The fast food chains’ strong volume of business aids the fast food bag market’s expansion in China.
The market in Japan is witnessing fast progression. For the forecast period, the CAGR for Japan is predicted to be 5.0%.
Japanese people are enticed by creative packaging. Fast food vendors are picking up the hint, and innovative designs have been introduced to lure Japanese consumers. For example, McDonald’s Japan has introduced packaging that shows off the food content inside. Thus, attractive packaging is propelling the fast food bag market in Japan.
Australian consumers are striving to be eco-friendly. While a huge portion of the Australian population consumes fast food, sustainability is also a marked concern. Thus, Australian fast food vendors are packaging food in biodegradable material. Thus, eco-friendly fast food bags are developing are becoming common in the country. For the forecast period, the market in Australia is pegged at a normal 4.1% CAGR.
The United States accounts for a significant share of the market. The CAGR for the United States market is expected to be 5.4% over the forecast period.
Fast food places in the United States are taking the help of custom printing on fast food bags for marketing and advertisement. In a country highly saturated with fast food places, suppliers are making use of fast food bags to help stand out from the competition.
Market players are focusing on innovations in the design of fast food bags, making bags more compact and flexible to attract consumers.
Advertising on fast food bags has emerged as a significant trend in the market. Market players are also tying up with fast-food brands for partnerships intended to benefit both parties.
Recent Developments in the Fast Food Bag Market
The size of the fast food bag market is estimated to be USD 486.0 million in 2024.
Brown kraft is the preferred material type in the fast food bag market, with a market share of 82.5% in 2024.
Hotels, restaurants, cafes, grocery stores, and bakeries are some of the places where fast food bags find application.
The fast food bag market size is predicted to be USD 830.2 million by 2034.
The fast food bag market is predicted to progress at a healthy CAGR of 7.5% from 2024 to 2034 in India.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 5.1. Paper 5.2. Plastic 5.3. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Bag Type 6.1. Handle Bag 6.2. Non Handle Bag 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Users 7.1. Food service outlets 7.2. Online food delivery 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 8.1. Ecommerce 8.2. Retail 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. WestRock Company 19.2. Huhtamaki Oyj 19.3. Paperbags Limited 19.4. Novolex Holdings LLC 19.5. Ronpak Inc 19.6. The Mondi Group LLC 19.7. Amcor Ltd 19.8. Vegware Ltd 19.9. Smurfit Kappa Group 19.10. International Paper Company 20. Assumptions & Acronyms Used 21. Research Methodology
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