Market Share of Retail Bags Industry
The retail bags market is highly fragmented, with a considerable number of regional and global players. The primary strategies adopted by these firms include expansions, product innovations, and mergers and acquisitions. The principal players dominating the global handbags market are Attwoods Packaging Company, Mondi Group PLC, El Dorado Packaging, Inc., SPP Poly Pack Pvt Ltd, and the Carry Bag Company. An advanced distribution network gives a competitive edge to the principal market players. Furthermore, players need to innovate continuously to work and grow in the market due to the quickly evolving consumer needs and choices.
- March 2021- Coveris Holdings announced the acquisition of Initial Packaging Ltd to develop and expand the production of bag packaging for security, logistics, and diagnosis applications. Further, with this acquisition, Coveris gained access to new markets and distribution channels and expanded its product portfolio and manufacturing capability in this highly attractive area.
- July 2021- Novolex announced that it acquired the business of Flexo Converters USA Inc. and certain of its affiliates. The intention to purchase was initially announced on May 17, 2021. Flexo is a manufacturer of stock, custom, and recycled paper bags and sacks. With this acquisition, Flexo products will be sold under the Novolex Duro Bag brand. The addition of Flexo products to the Novolex portfolio will enable Duro to support customer demand through Flexo's production capacity.
Retail Bags Market Leaders
Attwoods Packaging Company
Mondi Group PLC
Smurfit Kappa Group PLC
El Dorado Packaging, Inc.
International Paper Company
*Disclaimer: Major Players sorted in no particular order
