In 2022, the market for craft bags was estimated to be worth US$ 1,567.3 million. The market survey report states that between 2018 and 2022, craft bag sales increased at a CAGR of 3.4%.
The whole market value is predicted to be around US$ 1,636.3 million in the current year 2023. In addition, FMI projects that it will grow at a CAGR of 4.4% from 2023 to 2033 and reach US$ 2,516.8 million. The increase in demand for eco-friendly packaging options is credited with the growth.
A wood fiber craft offers the greatest strength and unadulterated beauty. Bags made primarily of craft materials are used to package groceries. There are typically two colors of craft bags on the market: white and brown.
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Craft bags can be used for a variety of items, including groceries, medications, and technological goods. Craft bags are simple to handle and convenient to use, which has caused customer demand to increase. Due to its numerous applications, the global market for craft bags is anticipated to expand significantly.
Craft bags are affordable and biodegradable, which encourages producers to invest in their creation. Customers are becoming more interested in using craft bags due to their small weight and ease of handling.
Key trends in the craft bags market for the foreseeable future include:
- Increasing awareness of environmental issues is driving a shift toward eco-friendly materials in craft bag production, such as recycled paper and biodegradable options.
- Consumers are seeking unique and personalized products, leading to a trend in customizable craft bags that cater to individual preferences and occasions.
- Craft bags with a handmade or artisanal look are gaining popularity as they convey authenticity and uniqueness, aligning with the craft and DIY trends.
- With the growth of e-commerce, there is a rising demand for craft bags for packaging online orders, emphasizing the need for both aesthetics and functionality.
- Craft bags are becoming a medium for brands to tell their stories, values, and sustainability efforts, enhancing brand recognition and loyalty.
- Innovative closures, like magnetic clasps or reusable features, are being integrated into craft bags to improve user experience and value.
Key Manufacturing Companies:
- International papers
- Kent Paper
- Bemis Company Incorporated
- Berry Plastics Corporation
- Linpac Packaging Limited
- APL Packaging
- KP Films
Key Segments Profiled in the Craft Bags Industry
By Product Type:
- Block Bottom
- Paper Carry
- Other Product Types
- Customer Goods
- Personal Use
- Home Care Products
- Other Applications
- North America
- Latin America
- East Asia
- South Asia and Pacific
- The Middle East & Africa