Kraft Paper Shopping Bag Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Kraft Paper Shopping Bag Market grew at a CAGR of 3.2% between 2017-2021 and is estimated to be US$ 4,512.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 3.7% and is expected to reach a valuation of US$ 6,489.8 Mn by 2032 end.
Due to the growing concerns over the changing climate, consumers are becoming more aware of the use of biodegradable products. As a result, they are now choosing biodegradable paper shopping bags compared to traditional kraft paper bags.
ChemView Consulting has analyzed that KRAFT paper bags are becoming more predominant for carrying and packaging goods owing to their attractive design, superior strength, and sustainable nature. In the recent few years, end-use consumers have shifted their preferences towards eco-friendly and highly sustainable packaging solutions to a great extent.
Kraft paper bags are frequently used in food service restaurants, retail outlets, shopping malls, groceries, and other venues. Prominent packaging manufacturers prefer kraft paper bags as a material for manufacturing various paper bags owing to high tear resistance and a high degree of stiffness. These kraft paper bags can be considered a suitable alternative for conventional plastics bags as they offer fewer benefits such as being cost-effective, enhancing food grade quality, and easy disposal.
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Segments Covered in Report
By Material type :
- Solid Unbleached Board
- Solid Bleached Board
- Virgin Bleached Board
- Others
By Thickness :
- 2 ply
- 2 & 3 ply
- Above 3 ply
By Sales Channel :
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Specialty Stores
- Convenience Stores
- Warehouse/Wholesale Clubs
- E-retail
By End Use :
- Food & Beverage Industry
- Retail
- Homecare & Personal Care
- Healthcare & Pharmaceutical
- Agriculture
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Kraft Paper Shopping Bag Market
- Based on the End Use, the increasing number of food service outlets and the rising popularity of home delivery & online food service platforms are creating ample opportunities for kraft paper bag manufacturers.
- Based on the Sales Channel, Kraft paper bags are extensively used in shopping malls, hypermarkets, and supermarkets for shopping purposes owing to their aesthetic looks and long durability.
- Based on Region, the North American market held a sizeable revenue share of 33.4%. Increasing demand for kraft paper bags, a reusable and biodegradable packaging material, can be attributed to North America’s large food and beverage industries.
Competition Summary
Key companies covered in the market study are Smurfit, Kappa Group, The Mondi Group, International Paper Company, Novolex Holdings Inc, BillerudKorsnas AB, and WestRock Company.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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