The lunch bags market share is expected to increase by USD 1.85 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.31%.
This lunch bags market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lunch bags market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The lunch bags market report also offers information on several market vendors, including ASON BAGS, Bentgo, Callaway Golf Co., Carters Inc., DELSEY, Fit and Fresh Inc., JuJuBe, Lifetime Brands, Inc., Newell Brands Inc., PackIt, LLC, Sanrio Co. Ltd., Kirkbi AS, VF Corp., Wildkin, Kuber Mart Industries Pvt. Ltd., Nordic By Nature, Thermos LLC, Kohls Inc., Raveena Bags, and Pinnium Brands Pvt. Ltd among others.
What will the Lunch Bags Market Size be During the Forecast Period?
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Lunch Bags Market: Key Drivers, Trends, and Challenges
The growing preference for home-cooked meals is notably driving the lunch bags market growth, although factors such as the rise in disposable income and change in lifestyle may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the lunch bags industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Lunch Bags Market Driver
- One of the key factors driving growth in the lunch bags market is the growing preference for home-cooked meals.
- People with busy work schedules and hectic lifestyles often seek convenient and easy-to-prepare meal options, which drives the demand for convenience food products globally.
- Factors such as the growing cost of restaurant meals and the rise of grocery e-commerce encourage consumers around the world to stay at home to prepare meals.
- Home-cooked food has a high nutritional value and is fresh and hygienic.
- Other benefits like portion control, better control over allergens, cost benefits, and maximum nutrients also encourage consumers to opt for home-cooked food. Thus, the increased preference for food prepared at home act as a significant growth driver for the global lunch bags market.
Key Lunch Bags Market Trend
- The rising number of health effects from convenience foods is a lunch bag market trend that is expected to have a positive impact in the coming years.
- The increase in the number of health impacts associated with the intake of convenience foods, such as canned foods and ready-to-eat foods, is increasing the adoption of home-cooked foods.
- Foods that have been heavily processed are frequently heavy in sugar, fat, and empty calories.
- Consuming a lot of these foods has long been associated with an increased risk of a wide range of health issues, including obesity, high blood pressure, elevated cholesterol, cancer, and depression. These issues can also result in heart disease or early death. Such factors increase the adoption of home-cooked meals and, in turn, contribute to the growth of the global lunch bag market.
Key Lunch Bags Market Challenge
- The rise in disposable income and change in lifestyle will be a major challenge for the lunch bags market during the forecast period.
- Factors such as the increase in dual household income, per capita income, and rapid growth in the employment rate have driven the increase in disposable income worldwide.
- The growth in disposable income is expected to increase the spending and purchasing power of consumers.
- The eating habits of consumers have changed due to their increasingly sedentary and stressful lifestyles.
- Food preferences have changed, resulting in a demand for easy-to-eat and-serve foods and snacks. Such factors, in turn, may hinder the growth of the global lunch bag market.
This lunch bags market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global lunch bags market as a part of the global apparel, accessories, and luxury goods market, within the textiles, apparel, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lunch bags market during the forecast period.
Who are the Major Lunch Bags Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ASON BAGS
- Bentgo
- Callaway Golf Co.
- Carters Inc.
- DELSEY
- Fit and Fresh Inc.
- JuJuBe
- Lifetime Brands, Inc.
- Newell Brands Inc.
- PackIt, LLC
- Sanrio Co. Ltd.
- Kirkbi AS
- VF Corp.
- Wildkin
- Kuber Mart Industries Pvt. Ltd.
- Nordic By Nature
- Thermos LLC
- Kohls Inc.
- Raveena Bags
- Pinnium Brands Pvt. Ltd
This statistical study of the lunch bags market encompasses successful business strategies deployed by the key vendors. The lunch bags market is fragmented and the vendors are deploying growth strategies such as focusing on developing markets such as APAC and South America to compete in the market.
Product Insights and News
- ASON BAGS - ASON BAGS is a privately held company headquartered in Italy. It is a global company, with limited information regarding its financials and limited information regarding its employee strength available. Its revenue from the global lunch bags market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
- ASON BAGS - The company offers lunch bags that includes a backpack, tote, waist pack, crossbody, duffel, drawstring, cooler, and shopper.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The lunch bags market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Lunch Bags Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the lunch bags market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Lunch Bags Market?
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41% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for lunch bags in APAC. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The rising young population, increasing disposable income, and growing awareness about health benefits associated with home-cooked meals will facilitate the lunch bag market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 outbreak, which originated in China and later spread into the rest of APAC and other parts of the world, resulted in thousands of deaths in China and other nations, which compelled governments of various countries in the region to impose lockdowns to contain the spread of the disease. However, in 2021, the initiation of mass COVID-19 vaccination drives by the governments of APAC countries led to the lifting of lockdown restrictions and the resumption of activities in offline retail channels. This increased the demand for lunch bags as schools and offices reopened.
What are the Revenue-generating Distribution Channel Segments in the Lunch Bags Market?
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The lunch bags market share growth by the offline segment will be significant during the forecast period. Revenue generated from the offline distribution channel has been declining gradually over the years because of the increasing preference for online shopping. Players are expanding their stores in the local and regional markets to fuel sales through offline channels. Retailers are introducing new businesses, wider assortments, revised product pricing, and retail strategies to survive amidst competition.
This report provides an accurate prediction of the contribution of all the segments to the growth of the lunch bags market size and actionable market insights on the post-COVID-19 impact on each segment.
Lunch Bags Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2021
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Forecast period
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2022-2026
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Growth momentum & CAGR
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Accelerate at a CAGR of 11.31%
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Market growth 2022-2026
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$ 1.85 billion
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Market structure
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Fragmented
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YoY growth (%)
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10.7
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Regional analysis
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APAC, Europe, North America, South America, and Middle East and Africa
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Performing market contribution
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APAC at 41%
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Key consumer countries
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US, China, Japan, India, and Germany
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Competitive landscape
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Leading companies, Competitive strategies, Consumer engagement scope
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Key companies profiled
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ASON BAGS, Bentgo, Callaway Golf Co., Carters Inc., DELSEY, Fit and Fresh Inc., JuJuBe, Lifetime Brands, Inc., Newell Brands Inc., PackIt, LLC, Sanrio Co. Ltd., Kirkbi AS, VF Corp., Wildkin, Kuber Mart Industries Pvt. Ltd., Nordic By Nature, Thermos LLC, Kohls Inc., Raveena Bags, and Pinnium Brands Pvt. Ltd
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Market dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Request PDF sample
What are the Key Data Covered in this Lunch Bags Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive lunch bags market growth during the next five years
- Precise estimation of the lunch bags market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the lunch bags industry across APAC, Europe, North America, South America, and the Middle East, and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of lunch bags market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Offline - Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.4 Online - Market size and forecast 2021-2026
- Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ASON BAGS
- Exhibit 89: ASON BAGS - Overview
- Exhibit 90: ASON BAGS - Product / Service
- Exhibit 91: ASON BAGS - Key offerings
- 10.4 Bentgo
- Exhibit 92: Bentgo - Overview
- Exhibit 93: Bentgo - Product / Service
- Exhibit 94: Bentgo - Key offerings
- 10.5 Callaway Golf Co.
- Exhibit 95: Callaway Golf Co. - Overview
- Exhibit 96: Callaway Golf Co. - Business segments
- Exhibit 97: Callaway Golf Co. - Key offerings
- Exhibit 98: Callaway Golf Co. - Segment focus
- 10.6 Carters Inc.
- Exhibit 99: Carters Inc. - Overview
- Exhibit 100: Carters Inc. - Business segments
- Exhibit 101: Carters Inc. - Key offerings
- Exhibit 102: Carters Inc. - Segment focus
- 10.7 DELSEY
- Exhibit 103: DELSEY - Overview
- Exhibit 104: DELSEY - Product / Service
- Exhibit 105: DELSEY - Key offerings
- 10.8 Fit and Fresh Inc.
- Exhibit 106: Fit and Fresh Inc. - Overview
- Exhibit 107: Fit and Fresh Inc. - Product / Service
- Exhibit 108: Fit and Fresh Inc. - Key offerings
- 10.9 JuJuBe
- Exhibit 109: JuJuBe - Overview
- Exhibit 110: JuJuBe - Key offerings
- 10.10 Lifetime Brands, Inc.
- Exhibit 111: Lifetime Brands, Inc. - Overview
- Exhibit 112: Lifetime Brands, Inc. - Business segments
- Exhibit 113: Lifetime Brands, Inc. - Key offerings
- Exhibit 114: Lifetime Brands, Inc. - Segment focus
- 10.11 Newell Brands Inc.
- Exhibit 115: Newell Brands Inc. - Overview
- Exhibit 116: Newell Brands Inc. - Business segments
- Exhibit 117: Newell Brands Inc. - Key news
- Exhibit 118: Newell Brands Inc. - Key offerings
- Exhibit 119: Newell Brands Inc. - Segment focus
- 10.12 PackIt, LLC
- Exhibit 120: PackIt, LLC - Overview
- Exhibit 121: PackIt, LLC - Product / Service
- Exhibit 122: PackIt, LLC - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
- raw material prices: In recent times, key manufacturers have been experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. For instance, the prices of synthetic fibers, such as Spandex (also known as Lycra or elastane in different regions), keep fluctuating. Besides, the unavailability of high-quality polyester fibers is increasing their prices. Subsequently, such volatility results in the high prices of apparel made using these raw materials. The continuous change in the profit margins of market competitors due to the volatility of raw material prices acts as a major challenge for the growth of the global apparel, accessories, and luxury goods market. The lag between cost fluctuations and the ability of market competitors to increase product prices can negatively impact the profit margins of vendors. The fluctuations in the prices of raw materials make manufacturers unable to anticipate their investments or control costs. Moreover, cost-driven end-users prefer reasonably priced apparel rather than investing heavily in global brands, which reduces the sales potential and revenue of competitors.