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Fast Food Bag Market Analysis: Industry Anticipated 5.5% CAGR by 2034

Posted on February 7, 2024February 7, 2024 By Future Market Insights

A fast food bag is a type of disposable packaging used by fast food restaurants and eateries to package and serve takeaway meals to customers. These bags are designed to hold a variety of food items such as burgers, fries, sandwiches, wraps, and other fast food items, providing convenience for customers to carry their meals on-the-go.

The fast food bag market, valued at US$ 486.0 million in 2024, exhibits growth from its 2023 valuation of US$ 460.7 million. Forecasts indicate a robust Compound Annual Growth Rate (CAGR) of 5.5% from 2024 to 2034, projecting the market to reach US$ 830.2 million by 2034.

The rising trend of online food ordering is also contributing to the growth of the market. Fast food bags provide a safe and practical option for the delivery of food.

Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/REP-GB-18178

Key Takeaways

  • India’s market exhibits significant promise, poised for a robust growth with an anticipated 7.5% CAGR from 2024 to 2034.
  • The growing appetite for fast food among the Chinese population propels the fast food bag market, projected to achieve a 6.7% CAGR during the forecast period.
  • Japan’s market experiences rapid advancement, with a predicted 5.0% CAGR for the upcoming forecast period.
  • Australia embraces eco-friendly practices in fast food packaging, with vendors adopting biodegradable materials. The Australian market anticipates a steady 4.1% CAGR for the forecast period.

Key Trends

The proliferation of fast food establishments has led to a corresponding increase in the demand for fast food bags.

Fast food consumers are increasingly opting for eco-friendly packaging solutions, with biodegradable paper bags gaining popularity among both consumers and fast-food establishments. The rise of environmental consciousness has positioned biodegradable options as a preferred choice in the market.

Conversely, non-biodegradable bags, particularly plastic fast food bags, are facing scrutiny from consumers. The market for plastic bags is limited due to growing environmental concerns and the preference for sustainable alternatives like paper bags.

While the fast food culture remains prominent, a substantial portion of the population is shifting away from fast food. Health-conscious trends have led individuals to prioritize healthier eating habits, impacting the fast food bag market as a significant consumer base distances itself from traditional fast food options.

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Recent Developments in the Fast Food Bag Market:

  • In April 2023, the TempSmart bag was launched by Novolex Holdings LLC, which has the ability to display whether the food inside is hot or not.
  • In January 2023, single-use packaging was banned in French fast-food restaurants.
  • In December 2022, Mondi Plc. launched an eco-friendly, large-scale paper bag manufacturing facility in Morocco.

Market Players

  • Smurfit Kappa Group
  • WestRock Company
  • Mondi Group
  • Amcor Limited
  • Sonoco Products Company
  • Huhtamaki Oyj
  • Novolex Holdings LLC
  • Ronpak Inc.
  • International Paper Company
  • Berry Global Group, Inc.

Market Segmentation

By Material Type:

  • Brown Kraft
  • Disposable Foam
  • Polypropylene
  • Plant Fiber
  • White Kraft
  • Pulp Molding
  • Others

By Application:

  • Hotels, Restaurants and Cafes
  • Grocery Stores
  • Bakeries
  • Candy Stores
  • Gift Shops

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18178

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.

Contact Us:        

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
[email protected]
Website: https://www.futuremarketinsights.com
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