According to a research survey conducted by ChemView Consulting, in 2022, the Global Paper Bags Market was worth US$ 5.4 Bn and is expected to grow at a CAGR of 4.3% over the forecast period. The market is expected to hit US$ 7.6 Bn by 2030 end.
Paper bags are commonly used as shopping bags as well as large sacks. They are made from various types of kraft paper. Paper bags are high-quality, secure the goods they contain, and can be recycled for reuse. They are long-lasting, and their eco-friendliness has increased their popularity. Paper bags come in a variety of sizes and designs.
Consumers are choosing paper bags over plastic bags, as these are recyclable, reusable, and completely biodegradable, causing the least damage to the environment.
Paper Bags Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Paper Bags’ growth during the next eight years
- Assessment of the historical and current Global Paper Bags Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the Global Cosmetic Ingredients across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/paper-bags-market/
Key Takeaways
By Product Type: Sewn mouth types dominate the market because these paper bags are available in various sizes and may be used in multiple applications, so they are in high demand worldwide.
By Usage: Reusable bags are becoming popular globally since they are less expensive than single-use paper bags in retail. These are biodegradable bags that are completely safe for the environment and recyclable
By End-User: Online food & Beverage delivery services are growing in popularity among people because they provide hot delicacies to consumers’ doorsteps, and users can select different cuisines from hotel menus based on their preferences. Many students and graduates who have relocated to other places for work or study use online food delivery services. They contribute to making people’s lives easier and more enjoyable. Online food delivery services are a big commercial user of paper bags since they utilize large, wider gusset bags to carry substantial items such as pizza, cakes, and hefty meals to customers’ doors.
By Region: The Asia-Pacific area is predicted to develop quickly from 2022 to 2030 due to increased demand for paper bags. The Asia Pacific is expected to lead the global paper bag market due to increased manufacturing activity and rising retail sectors. Due to urbanization and modernization, increasing demand for paper bags may fuel expansion in the region’s global paper bags industry.
China is leading the growth of the Asia-Pacific market due to the simplicity of the production of reusable paper bags.
Competition Summary
Key players have introduced many paper bags with aesthetic appeal and premium texture. These premium paper bags are used for many purposes, such as producing gift hampers and beauty product bundles. They have also created paper bags embedded with paper seeds and paper bags with bigger gussets, which are extensively used for food delivery. Paper bag innovation is a significant factor driving the growth of paper bags.
The top players control 45.0%-50.0% of worldwide output. The market’s leading players have a predetermined focus on mergers and acquisitions and regional growth to acquire a competitive advantage and grow their product portfolio to provide clients with a wider range of items.
Key companies covered in the market study are Smurfit Kappa Group Plc, International Paper Company, Novolex Holdings, Inc., Ronpak, Welton Bibby And Baron Limited, El Dorado Packaging, Inc., Langston Companies, Inc., United Bags, Inc., Genpak Flexible, Global-Pak, Inc., York Paper Company Limited, Paper bags Limited, JohnPac Inc. and WestRock Company.
Segments Covered in Report
By Product Type:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
By Material Type:
- Brown Kraft
- White Kraft
By Thickness:
- <2 Ply
- 2 Ply
- 3 Ply
- >3 Ply
By End-User:
- Agriculture & Allied Industries
- Building & Cons
- Food & Beverage
- Retail
- Chemicals
- Others
By Usage:
- Single-Use
- Reusable
By Distribution Channel:
- Convenience stores
- Supermarkets/hypermarkets
- Specialty stores
- E-commerce
- 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)
About ChemView Consulting’s Packaging Domain
ChemView Consulting’s Packaging domain provides unique, reliable, and in-depth analysis of the packaging business with the help of its in-house and experienced analysts and subject matter experts. The comprehensive coverage includes Packaging Equipment & Materials, Advanced Packaging, Industrial Packaging, Food & Beverage Packaging, Household Packaging, Personal Care and Pharmaceutical Packaging, and ICT Packaging. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
What sets ChemView Consulting apart?
- Full-time research experts and subject matter experts
- In-house primary research team
- The in-house data visualization team
- Industry-wide network of research partners
- Database subscriptions
- The exclusively tailored research process
Contact US
ChemView Consulting
US: +1 315 325 8157
Email ID: sales@chemviewconsulting.com
276 5th Avenue Suite 704 – 3186,
New York NY 10001