The Global Gift Bag Market was valued at USD 1,984.5 Million in 2023 and is projected to reach USD 3,200 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2023–2030). This expansion is fueled by the rising popularity of personalized gifting, the boom in e-commerce, and a strong shift toward eco-friendly materials amid growing environmental awareness among consumers worldwide.

As the packaging industry evolves to meet demands for sustainability and customization, attention turns to the leading manufacturers who are innovating in biodegradable options, vibrant designs, and efficient production processes. In this blog, we profile the Top 10 Companies in the Gift Bag Industry—a blend of established packagers, creative designers, and sustainable pioneers redefining how gifts are presented globally.

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🔟 1. papercraftproducts

Headquarters: New Delhi, India
Key Offering: Paper gift bags, custom printed options, eco-friendly designs

papercraftproducts stands out as a prominent player in the Indian market, specializing in high-quality paper-based gift bags tailored for retail and corporate events. With a focus on vibrant colors and durable construction, their products cater to a wide range of occasions, from birthdays to corporate giveaways. The company has expanded its reach through online platforms, serving both domestic and international clients while emphasizing recyclable materials to align with global sustainability standards.

Furthermore, papercraftproducts invests in local artisan collaborations to infuse unique cultural elements into their designs, making each bag a piece of art. This approach not only boosts brand appeal but also supports community development. Their commitment to reducing plastic use has positioned them as a go-to supplier for environmentally conscious businesses.

Sustainability Initiatives:

• 100% recyclable paper sourcing from certified forests

• Partnerships with recycling programs to minimize waste

• Goal to achieve carbon-neutral production by 2030

Download FREE Sample Report: Gift Bag Market – View in Detailed Research Report

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9️⃣ 2. Associated Bag

Headquarters: Milwaukee, Wisconsin, USA
Key Offering: Plastic and paper gift bags, custom branding, wholesale packaging

Associated Bag has built a strong reputation in North America as a versatile supplier of gift bags for retail, events, and promotional use. Operating since 1932, the company offers a vast catalog that includes everything from simple drawstring bags to elaborate printed designs. Their expertise in bulk ordering makes them a favorite among small businesses and large retailers alike, ensuring quick turnaround times and competitive pricing.

However, in response to market shifts, Associated Bag is increasingly focusing on hybrid materials that combine durability with eco-friendliness. This includes developing bags that are both reusable and biodegradable, helping clients meet regulatory requirements in various regions. Their distribution network spans across the US and Canada, facilitating seamless supply chain integration.

Sustainability Initiatives:

• Introduction of biodegradable plastic alternatives

• Collaboration with environmental NGOs for material audits

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8️⃣ 3. Universal Plastic Bags

Headquarters: Terre Haute, Indiana, USA
Key Offering: Plastic gift bags, heavy-duty options, custom sizes

Universal Plastic Bags excels in providing robust plastic solutions for gift packaging, particularly for high-volume retail environments. Known for their strength and weather resistance, these bags are ideal for outdoor events and shipping needs. The company has innovated with reinforced handles and anti-tear fabrics, enhancing user experience and product longevity.

Because the industry is moving toward sustainability, Universal Plastic Bags is adapting by offering recyclable plastics and exploring bio-based polymers. Their US-based manufacturing ensures quality control and reduces lead times, making them a reliable partner for American brands looking to scale operations efficiently.

Sustainability Initiatives:

• Targets for 50% recycled content in products by 2027

• Supply chain optimizations to lower transportation emissions

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7️⃣ 4. Classic Packaging

Headquarters: Cleveland, Ohio, USA
Key Offering: Cotton and fabric gift bags, luxury options, reusable totes

Classic Packaging brings elegance to the gift bag segment with a focus on premium cotton and fabric materials that exude luxury. Serving high-end retailers and wedding planners, their products feature intricate patterns and soft textures that elevate any gift presentation. The company’s emphasis on reusability sets it apart, encouraging customers to repurpose bags for daily use.

Moreover, Classic Packaging is at the forefront of sustainable luxury, using organic cotton and natural dyes to appeal to eco-aware consumers. Their global export capabilities have grown, particularly in Europe and Asia, where demand for durable, stylish packaging is surging.

Sustainability Initiatives:

• Exclusive use of GOTS-certified organic materials

• Reusable bag programs with retail partners

Download FREE Sample Report: Gift Bag Market – View in Detailed Research Report

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6️⃣ 5. Flymaxexim

Headquarters: Mumbai, India
Key Offering: Silk gift bags, premium fabric options, export-oriented designs

Flymaxexim specializes in luxurious silk gift bags that cater to upscale events like weddings and corporate gifting. With a strong export focus, the company delivers intricate embroidery and high-thread-count silks that reflect cultural heritage. Their products are popular in international markets, particularly the Middle East and Europe, where opulent packaging is valued.

Additionally, Flymaxexim is incorporating sustainable silk production methods, such as ahimsa silk, which avoids harming silkworms. This innovation not only preserves ethical standards but also attracts premium clients seeking responsible luxury. Their agile manufacturing allows for custom orders, meeting diverse client specifications effectively.

Sustainability Initiatives:

• Promotion of peace silk for ethical sourcing

• Water-efficient dyeing processes to conserve resources

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5️⃣ 6. MIRAYA ARTS

Headquarters: Jaipur, India
Key Offering: Handcrafted paper and cotton gift bags, artisanal designs

MIRAYA ARTS combines traditional craftsmanship with modern packaging needs, offering handcrafted gift bags that feature block prints and embroidery. Ideal for cultural festivals and personalized gifts, their products resonate with consumers who value authenticity. The company’s artisan-driven model supports local economies in Rajasthan, India.

However, to stay competitive globally, MIRAYA ARTS is scaling production while maintaining quality through eco-friendly inks and recycled papers. Their online presence has boosted sales in North America and Europe, where there’s a growing appetite for unique, sustainable alternatives to mass-produced bags.

Sustainability Initiatives:

• Handloom cotton from sustainable farms

• Zero-waste workshop practices

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4️⃣ 7. Bag Craft India Private

Headquarters: Greater Noida, India
Key Offering: Paper and non-woven gift bags, custom printing, bulk production

Bag Craft India Private is a powerhouse in Asia’s gift bag manufacturing, known for its versatile range of paper and non-woven options suitable for parties and retail. With advanced printing technology, they deliver vibrant, high-resolution designs that enhance brand visibility. The company’s ISO certifications ensure consistent quality across large-scale orders.

Furthermore, Bag Craft is pivoting toward green initiatives by introducing bags made from agricultural waste and recycled fibers. This not only reduces environmental impact but also lowers costs, benefiting clients in emerging markets. Their export growth reflects the increasing global demand for affordable yet stylish packaging.

Sustainability Initiatives:

• Development of bags from sugarcane bagasse

• Energy-efficient machinery upgrades

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3️⃣ 8. Rishab Marketix

Headquarters: Delhi, India
Key Offering: Plastic and paper hybrid gift bags, promotional packaging

Rishab Marketix focuses on innovative hybrid bags that blend plastic durability with paper aesthetics, perfect for marketing campaigns and events. Their quick customization services allow businesses to incorporate logos and themes seamlessly. Operating primarily in South Asia, they have a robust supply chain that supports rapid delivery.

Because sustainability is key, Rishab Marketix is investing in oxo-biodegradable plastics and FSC-certified papers. This dual approach helps them comply with international standards while serving a diverse clientele. Their market research-driven designs keep them ahead of trends, ensuring relevance in a fast-changing industry.

Sustainability Initiatives:

• Biodegradable additives in plastic formulations

• Public awareness campaigns on responsible usage

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2️⃣ 9. Kalakriti Creation

Headquarters: Mumbai, India
Key Offering: Designer cotton and silk gift bags, luxury event packaging

Kalakriti Creation elevates gift packaging with designer bags featuring contemporary prints and fabrics, targeted at weddings and fashion events. Their attention to detail, from stitching to embellishments, makes their products stand out in premium segments. The brand has gained traction through collaborations with event planners worldwide.

Moreover, Kalakriti is committed to ethical fashion by using fair-trade materials and supporting women-led cooperatives. This social sustainability angle complements their environmental efforts, such as natural dyeing techniques that avoid harmful chemicals. As e-commerce grows, their adaptable designs are increasingly popular for online gift wrapping.

Sustainability Initiatives:

• Fair-trade certified supply chains

• Expansion of reusable luxury lines

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1️⃣ 10. Hallmark Cards, Inc.

Headquarters: Kansas City, Missouri, USA
Key Offering: Premium paper gift bags, themed collections, retail-integrated packaging

Hallmark Cards, Inc. leads the global gift bag market with its iconic branded bags that complement greeting cards and gifts. Their extensive product line covers all occasions, from holidays to birthdays, with designs that evoke emotion and quality. As a retail giant, Hallmark’s bags are available in thousands of stores, driving massive volume.

However, recognizing the push for greener practices, Hallmark has introduced lines made from recycled paper and soy-based inks. Their sustainability roadmap includes reducing packaging waste across operations, partnering with recycling initiatives to close the loop. This positions them as a forward-thinking leader in an industry balancing tradition with innovation. Additionally, their digital customization tools allow consumers to personalize bags online, enhancing engagement in the e-commerce era.

Sustainability Initiatives:

• Recycled content in over 70% of paper products

• Global reforestation partnerships

Read Full Report: Gift Bag Market – View in Detailed Research Report

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🌍 Outlook: The Future of Gift Bags Is Sustainable and Personalized

The gift bag market is experiencing transformative changes. While traditional paper and plastic options remain staples, the sector is pouring resources into biodegradable materials, smart designs, and integrated e-commerce solutions to meet evolving consumer preferences. Because gifting traditions continue to thrive, especially in emerging economies, companies are innovating to offer versatile, eco-conscious products that align with modern lifestyles.

📈 Key Trends Shaping the Market:

• Explosion of eco-friendly materials like bamboo and recycled fabrics in the EU and North America

• Regulatory incentives for plastic reduction, aiming for 30% sustainable packaging by 2030

• Digital tools for personalization and AR previews in online shopping

• Collaborations between brands and artisans for culturally inspired designs

Read Full Report: Gift Bag Market – View in Detailed Research Report

The companies highlighted here are not only wrapping the world’s gifts—they’re leading the charge toward a greener, more creative packaging revolution.