Snack Bag Market Report

The demand for the snack bag market has been charged up by the increasing demand for ready-to-eat food because of customers' hectic or busy schedules. In the maximum number of cases, the ready-to-eat food is categorized as snack food, which boosts the sale of snack bags. According to the data of the International Journal of Business, Management & Economics, the global demand for ready-to-eat is expected to grow at a steady pace and at a compound annual growth rate of 4.3% till 2025. Also, the global market for convenience food is expected to rise by a 4.4% compound annual growth rate by the end of 2025.

Also, due to the flexibility of the snack bags, the use of snack bags is now done in packaging the nuts and dried fruits. The consumption of nuts has increased over the past few years, and according to the data of the INC International Nut and Dried Fruit Council, in 2023, the total consumption of the world tree nut estimated consumption in 2021 was 51,46,057 metric tons, and the world dried fruit estimated consumption in 2021 was summed at 32,75,808 metric tons. Thus, the rising demand for nuts and dried fruit is expected to experience an upward trend.

Due to the rising demand for healthy snacks, the demand for snack bags has been experiencing a boom. The option of healthy snacks has been preferred by various consumers and has been recorded high in the United States. According to Worldmetrics, the global market for healthy snacks is forecasted to reach US$ 32.88 billion by the end of 2025, where the expected compound annual growth rate will be 5.3% for the period 2020-2025. The demand for snacks has been rising due to high consumption of potato chips. Potato chips are one of the most preferred snacks among all the snacks consumed. According to the data of Worldmetrics, the global potato chip market is forecasted to reach a value of US$ 40.3 billion by 2027, where the projected compound annual growth rate for the period 2020 to 2025 will be 4.2%. Also, The United States also has the highest per capita consumption of potato chips globally.

• To reduce environmental impact, the use of biodegradable and recyclable materials is increasing for snack bags.
• Rise in demand for customizable snack bags to cater to industry-specific needs.
• Single-serve snacking is gaining traction as it can control portion intake.

There are numerous challenges faced by the snack bag market, but the major problem includes the after-use of plastic. After consuming the product, the bags land in landfills. According to the UN Environment Programme, every year around 400 million tons of plastics are produced by humans, of which 50% is categorized as potato chip bags or single-use plastic, which either lands up in waterways or in landfills where the plastic is broken down into microplastics, which affects aquatic life as it is consumed by them. Thus, the major problem faced by the manufacturers is regarding the aftereffects of bags. Also, as various governments, such as India, the United States, the United Kingdom, and France, have imposed a ban on single-use plastic, it is also considered a limiting factor as it has been contributing to pollution. Thus, due to rising awareness about the environment, the demand for plastic-packaged goods has been facing challenges.

In March 2024, Eco-Products® announced that it had added a variety of paper bags, sandwich wraps, and other items to its GreenStripe® line of compostable products. The products, available then as part of the Eco-Products bundle, were made with no-added PFAS and were ideal for restaurants, supermarkets, convenience stores, bakers, concessions, and other food service operators. Each of the products was certified by the Biodegradable Products Institute, meaning all had undergone rigorous testing to prove they were compostable in commercial facilities. In January 2024, Treetop Biopak introduced compostable bread bags. Treetop Biopak has introduced a new home compostable bag, addressing the environmental challenges posed by packaging waste in the fresh bread market. The company supplied compostable packaging materials, including bags, cling film, and various wrapping films.

North America, due to its educated population, is considered a lucrative market, and according to the statistics in 2020, North America owned the largest market for global healthy snacks, which amounted to over 30%. According to the data from the National Library of Medicine, 22% of the American diet accounts for snacks. Also, 90% of the US adults have been reported for eating snacks for one or more than one time in a day, where the average per-day consumption ranges between 1.2 and 3.0. Thus, due to the rising consumption of snacks on a daily basis, the demand for snack bags is expected to boost the market.

According to the INC Nuts & Dried Fruits Statistical Yearbook 2022/23, the demand for world tree nut estimated consumption for 2021 was 20%, while the demand for Asia Pacific was 32%. Thus, the Asia Pacific market is also considered a lucrative market due to the rising demand for world tree nuts as well as the fact that healthy snacks are expected to grow as the Asia Pacific region is expected to grow with the highest compound annual growth rate of 6% for healthy snacks from 2021 to 2026, which makes Asia Pacific a promising market for world tree nuts and healthy snacks.

The report provides a detailed overview of the snack bag market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the snack bag market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the snack bag market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the snack bag market. Some key countries and regions included in the snack bag market report are as follows:

• Snack bag market detailed segments and segment-wise market breakdown
• Snack bag market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in snack bag industry)
• Current, historical, and forthcoming 10 years market valuation in terms of snack bag market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Snack bag market demand analysis
• Snack bag market pricing analysis over the forecast period (by key segment and by region)
• Snack bag market regional insights with the region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the snack bag market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the snack bag market
• Snack bag market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the snack bag market forecast by countries
• Mergers and acquisitions in the snack bag market
• Essential information to enhance market position
• Robust research methodology