Shopping Bag Market Regional Analysis

The global shopping bag market is divided into five geographic segments: North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Due to increasing expenditure on luxury products and the existence of higher income groups in nations like Canada and the United States, the North American region is anticipated to have the greatest share of the global shopping bag market, which is further likely to fuel demand for shopping bags for carrying groceries. The US Department of Commerce's Bureau of Economic Analysis reports that the state's personal consumption expenditure rose by 5.1 percent in 2018 compared to that of 4.4 percent in 2017. The demand for shopping bags to transport various food and beverage goods is also projected to increase as the region's demand for food and beverage products rises. The US Department of Agriculture's Foreign Agriculture Service estimates that sales of food and alcoholic beverages in Canada reached US$ 96 billion in 2018, up 3% from 2017.

Additionally, the region's sales are fueled by the widespread presence of well-known companies like Earthwise Bags Company Inc. and Borse Handbranding, among many others. Due to the high demand for biodegradable and HDPE shopping bags in countries like India and Australia, the Asia-Pacific shopping bag market is predicted to grow at a quicker rate. The demand for single-use plastic bags climbed to 41,797 tonnes in 2017, which is comparable to 1.5 billion retail bags, according to the Australian National University. The demand for biodegradable shopping bags has also skyrocketed in India as a result of rising single-use plastic bag usage and environmental sustainability concerns. The need for shopping bags is anticipated to soar as retail shopping habits for consumer products grow in nations like China and India. The Fung Scholars Organization reports that in China, third-quarter retail sales of consumer goods increased 9.3% year over year to US$ 3,928.62 billion.