As per Future Market Insights, the portion bags market is anticipated to attain a value pool of US 12 Billion by 2022-end. Over the projected timeframe from 2022 to 2032, a CAGR of 3% is projected for the market for portion bags. By the end of the assessment period, the global market is forecasted to reach a market valuation of US$ 17 Billion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | US$ 12 Billion |
| Projected Market Value in 2032 | US$ 17 Billion |
| Growth Rate (2022 to 2032) | 3.5% CAGR |
The food business is the largest end user segment of the packaging industry, fuelling tremendous growth. Portion bags are the latest food industry invention that greatly reduces over-portioning of food, resulting in less food waste. Portion bags are a low-cost alternative that also helps to extend the shelf life of food products.
The introduction of portion bags is a win-win situation for customers and producers alike. It will assist the producer or seller in attracting a big portion of the population, hence increasing sales, and it will assist the customer in keeping track of their food consumption. The portion bag market is predicted to rise steadily during the forecast period, as a growing number of individuals incorporate portion diets into their everyday lives.
One of the key factors driving the worldwide portion bags market is decreased food waste, which leads to higher earnings for food service operators. Rising middle-class disposable income and changing lifestyles are among important factors boosting the worldwide portion bag market.
Portion bags are a benefit for very obese countries, as people may use them to dramatically cut their food consumption and keep track of their diets. The cost of portion bags is a stumbling block to the global part bag market's growth.
Portion bags have become popular in the worldwide food packaging sector. Portion bags provide a significant opportunity for the packaging sector and are predicted to yield significant advantages for industry growth. North America is represented by fat countries like the United States.
Food portions have been reported to have doubled in the United States during the previous two decades. The United States is a thriving market for the expansion of the portion bag market.
On the other hand, the United Kingdom is among the top countries in Europe in terms of food waste, therefore demand for portion bags is likely to rise steadily during the projection period. The Asia Pacific part bag market is expected to develop at a modest pace. Individuals' rising discretionary income and an increase in the working population are the most likely drivers of worldwide portion bag growth.
ITD Food Safety, Mondi Group, WinPak Ltd., Prism Pak, Inc., RH Packaging Ltd., Biopac (UK) Ltd, Wegmans Food Markets, and Wasserstrom Restaurant Supply are some of the main companies in the worldwide portion bags market.
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The food industry is the largest end user segment of the packaging industry driving the growth of the industry enormously. Portion bags are the newest innovation in the food industry whereby the over portioning of food is significantly reduced leading to minimized food wastage. Portion bags are a cost effective solution and also help in preserving the shelf life of the food product.
The introduction of portions bags is a win-win situation for both the consumers as well as manufacturers. For the manufacturer or the sellers, it will help them to pull a large fraction of the population, and in turn boost sales and for the consumer, it will help to keep a track on the food intake.
The growth of the portion bags market is expected to be steady over the forecast period as a large number of people are inculcating portion diets in their daily lifestyle.
One of the primary factor driving the global portion bags market is that food wastage is significantly reduced leading to increased profits for the food service operators. Rising disposable income of the middle-class population and the changing lifestyle is also a key factor driving the growth of the global portion bags market.
Portion bags are a boon for the highly obese nations where the individuals can use portion bags to significantly reduce their food intake and keep a tab on their diets. The cost of the portion bags is a restraining factor hampering the growth of the global portion bags market.
Portion bags are itself a trend in the global food packaging industry. Portion bags represent a great opportunity for the packaging industry and is expected to reap huge benefits for the industry growth.
Principal Consultant
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.
Zipper top bags have a high preference percentage as compared to other types of portion bags. On the basis of packaging type, the global portion bags market is segmented into single day portion bags and weekly portion bags. Both the single day as well as weekly portion bags are further sub segmented into large size and small size portion bags.
On the basis of geography, the global portion bags market is segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. North America is represented by highly obese nations such as the United States. It has been reported that food sizes have doubled in the United States over the last two decades. U.S. represents a flourishing ground for the growth of portion bags market.
On the other hand, the United Kingdom in Europe stands among the top country with the highest food wastage rate, and hence the demand of portion bags is expected to grow at a steady pace over the forecast period. Asia Pacific is projected to exhibit moderate pace for the growth of the portion bags market.
Rising disposable income of individuals and an increase in the number of working population are the most probable reasons for the growth of the global portion bags market in the region.
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Some of the key 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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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