The paper bag is a popular material for medium and large format products, as well as sensitive product. Brown kraft segment accounts for nearly three-quarters value share with an opportunity worth $1.9 Bn by 2030.
NEWARK, Del. , July 14, 2022 /PRNewswire/ -- The global paper bags market is there to witness steadiness in the form of a CAGR off 4.1% between 2022 and 2030. It is all set to reach US$ 7.3 Bn during this period.
Driven by the rising focus on environment-friendly and sustainable packaging solutions, the demand for paper bags is poised to surge exponentially, finds Future Market Insights (FMI) in a new study. Paper bags are light-weight, biodegradable, and cost-effective. Due to their intrinsic properties they also are considered eco-friendlier than plastic alternatives.
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Use of paper bags has been consistently rising across industries such as agriculture, construction, and others. Spurred by this, the market for paper bags is forecast to exhibit a CAGR of 4.1% CAGR between 2022 and 2030.
As paper bags are non-reactive, they are being widely used in packaging of food, beverages, and various high-end products. Expansion of these sectors will therefore bode well for the overall market.
FMI's report offers an exhaustive overview of the paper bags market. It covers information on the market's growth potential, growth drivers and restraints.
Some of the key takeaways from the report are highlighted below-
Sales of pinched bottom open mouth paper bags will continue to surge
Brown kraft will remain the preferred material for making paper bags
Paper bags with thickness <2 ply is anticipated to be highly sought-after as disposable packaging solution
Retail industry is forecast to exhibit high demand for paper bags
Demand for paper bags is expected to skyrocket in APEJ
"Paper bags are becoming increasingly popular as better alternative for single-use plastic bags. With governments across various nations banning the use of polythene bags and other plastic items, sales of paper bags are expected to pick up. Some of the leading market players are eyeing this as a lucrative opportunity. Some have even introduced paper bags recycled from wastes such as discarded newspaper to leave a mark amid competition," says an FMI analyst.
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The outbreak of novel coronavirus has put a dent on expected growth of the paper bags market. Besides disruptions across manufacturing units, the market had struggled with scarcity of raw materials, non-operational supply chain, shutting down of logistics units, unavailability of labors, among other factors during extended periods of lockdown. The key market players are however working hard to strengthen their infrastructure to continue manufacturing quality products.
Competition in the paper bags market is likely to get fiercer in the coming years. Companies are therefore increasingly focusing on recycled materials for the production of quality paper bags. Some are even pushing product launches to gain competitive advantage.
For instance, RonPak has launched their extensive range of paper bag products such as carry out, pinch-bottom, wraps, and others with SQF certification and manufactured with optical brightener with black light detection of glue in the recent year.
JohnPac has launched their exclusive multi-wall paper bags with diverse range of styles such as sewn open mouth, self-opening sack, pinch bottom open mouth, sewn valve, pasted valve stepped end, and others in the current year.
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More Valuable Insights on Paper Bags Market
In its latest report, Future Market Insights offer a detailed and unbiased analysis of the global paper bags market. It provides historical data for the period of 2015-2021 and forecast statistics for the period of 2022-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom), material type ( brown kraft, white kraft), thickness (<2 ply, 2 ply, 3 ply, >3 ply), end use ( agriculture & allied industries, building & cons, food & beverage, retail, chemicals, others), across six major regions (North America , APEJ, Western Europe , Eastern Europe , Latin America , MEA, and Japan ).
Key Segments Covered in Paper Bags Industry Research
Paper Bags Market by Product Type:
Paper Bags Market by Material Type:
Paper Bags Market by Thickness:
Paper Bags Market by End-User:
Paper Bags Market by Region:
North America Paper Bags Market
Latin America Paper Bags Market
East Asia Paper Bags Market
South Asia Paper Bags Market
Middle East & Africa (MEA) Paper Bags Market
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3.1. Key Trends Impacting the Market
About the Packaging Division at Future Market Insights
The Packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Have a Look at Related Research Reports:
Paper Based Consumer Bags Market Size - Market Insights on Paper Based Consumer Bags covering sales outlook, demand forecast & up-to-date key trends.
Commercial Paper Bags Market Demand - The global commercial paper bags market size is likely to reach US$ 11.2 Billion in 2032 and exhibit growth at a CAGR of 7.5% in the forecast period from 2022 to 2032
Dunnage Paper Bags Market Overview - The global dunnage paper bags market is estimated to reach US$ 483.2 Mn in 2022, and anticipated to reach US$ 810 Mn by 2032
Kraft Paper Bags Market Forecast - This Kraft Paper Bags market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Bags Market Demand - The global bags market is expected to reach a valuation of US$ 33.5 Bn by the year 2022, accelerating at a CAGR of 3.9% by 2022-2032
Jumbo Bags Market Growth - Market Insights on Jumbo Bags covering sales outlook, demand forecast & up-to-date key trends.
Reflective Air Bags Market Trends - Reflective air bags market is witnessing an increasing growth day by day due to the growth of the e-commerce industry
Polywoven Bags Market Forecast - Latin America region is the one of the largest exporter of agricultural produce across the globe, and hence polywoven bags market in this region is expected to show an exponential growth
Security Bags Market Volume - The global security bags market size is poised to reach US$ 419 Mn in 2021, finds FMI in a recent market analysis. Sales of security bags are expected to grow at a robust 8% CAGR between 2021 and 2031
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Website: https://www.futuremarketinsights.com Report: https://www.futuremarketinsights.com/reports/paper-bags-market LinkedIn| Twitter| Blogs
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