Global Food Bags Market is expected to grow with the CAGR of 4.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global food bags market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global food bags market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2020, Advance Polybag, Inc. commits to enhance recycled content of the food bags up to 20 percent by 2025. The expansion is the move towards environment sustainability which increases the goodwill of the business.
International Paper is the dominating player in global food bags market. The other key players existing in the market includes Smurfit Kappa, WestRock Company, Amcor plc, Berry Global Inc, Packaging Pro, UNITED BAGS, INC., PAPIER- METTLER KG, T.S.T. Plaspack Co., Ltd., El Dorado Packaging, Novolex, Advance Polybag, Inc., Superbag, Unistar Plastics, LLC, Ronpak, Cardia bioplastics, BioBag International AS., Rizhao Huanuo plastic products Co., Ltd., Inteplast Group and NOVPLASTA CZ, s.r.o.
International Paper, headquartered in Tennessee, U.S. was founded in 1898. The company is engaged in manufacturing of fibre based packaging solutions and their business segments are industrial packaging, global cellulose fibers and printing papers out of which market focused segment is industrial packaging. The company offers various products such as cellulose fibers, container board, corrugated packaging, papers and packaging and the market focused category are corrugated packaging.
The company has wide global presence across the globe such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Temple-In Land, Cartonajes Union S.L and others.
Amcor plc is headquartered in Zurich, Switzerland and was founded in year 1860. The company is engaged in manufacturing of packaging solutions for food, beverage and other industries. The company offers wide range of product categories such as beverages, food, healthcare, homecare, personal care, pet care under which food is the market focused category.
The company has wide presence in Americas, Asia-Pacific, Europe and Middle East & Africa with its various subsidiaries such as Vinisa Fueguina S.R.L, Amcor Flexibles Denmark APS and among others.
Smurfit Kappa is headquartered in Dublin, Ireland which was founded in 1934. The company is engaged in manufacturing of corrugated packaging, container board and bag-in-box. The company has business segments which are Europe and The Americas among which Europe is the market focused segment. The company offers various products such as packaging, bag-in-box packaging, displays, packaging machinery, containerboard, paper & board and recycling and among these the market focused categories are paper & board and packaging.
The company has wide global presence in Americas and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Smurfit Kappa de Argentina S.A. (Argentina), Smurfit Kappa Wellkart GmbH (Germany), Smurfit do Brasil Participacoes Ltda (Brazil), Smurfit Canada Holdings Limited (Canada), Kappa Borup A/S (Denmark), Smurfit Kappa Investments UK Limited (U.K.) among others.
Global Food Bags Market – Industry Trends and Forecast to 2027
Europe Food Bags Market – Industry Trends and Forecast to 2027
Asia-Pacific Food Bags Market – Industry Trends and Forecast to 2027
Middle East and Africa Food Bags Market – Industry Trends and Forecast to 2027
North America Food Bags Market – Industry Trends and Forecast to 2027