The paper bag market is expected to generate an incremental opportunity of US$ 2.16 Bn between 2022 and 2030, as paper bags have a minimal environmental impact
Category: Packaging Published Date : June 2022 ID: CVC-00151-PKG Format: PDF Pages: 325
Paper Bags Market Size Analysis
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.
What factors are driving the increase in demand for paper bags?
The global paper bag market is expected to expand due to rising demand for smaller pack sizes, increased use of personal care items and cosmetics, and ease of handling. Paper bags are widely used in consumer goods, pharmaceuticals, stationery, confectionery, meals, personal care items, home care products, and cosmetics. Carry bags, check-out paper bags, confectionery paper bags, and black bottom paper bags are all available. They are simple to create, simple to use, and inexpensive. Such characteristics are projected to enhance the global paper bag market.
The surge in paper bag innovation and increased consumer awareness about the importance of utilizing paper bags is a major element in the growth of the global paper market and is predicted to be more inclining throughout the forecast period.
Increased consumer awareness about the harmful effects of non-biodegradable bags on the environment and health resulted in a significant decrease in the use of plastic carry bags and an increase in the use of biodegradable bags such as paper bags completely safe for the environment and recyclable. Rising public awareness and preference for paper bags are important global paper bag industry drivers.
What prospects exist in the Paper Bags Market?
Factors such as rising modernization, rising individual income, and rapidly changing lifestyles are expected to propel the worldwide paper bag market forward. Paper bags are essential items in daily life. Because of environmental concerns, consumers prefer paper bags to plastic bags. Paper bags can be used to protect and conserve items and carry them. The global paper bags market is likely driven by a rising preference for paper bags in developed areas, expanding retail sectors, and rising demand for food and beverage packaging.
Consumers are increasingly worried about environmental issues since they directly impact their health. Plastic and other non-biodegradable bags are fast polluting the environment.
What are the major challenges confronting the Paper Bags Market?
Although the worldwide retail sales prognosis is strong for the projected period, E-Commerce turnover may limit the growth in demand for paper bags.
Matured E-Commerce markets in these regions have seen that the younger generation favors online shopping. It plays a big part in decreasing demand for paper bags, as online shopping necessitates the replacement of paper bags with more robust packaging options.
The COVID-19 crisis halted operations across multiple verticals. As a result, the manufacture of paper bags had decreased. However, as normalcy returns, agriculture and related sectors, building and construction, food and beverage, retail, and chemicals verticals are likely to thrive, necessitating a greater demand for paper bags.
Why is Paper Bags’s Food & Beverage segment expected to grow at the fastest CAGR?
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.
Why is the Sewn Open Mouth category expected to expand the fastest during the forecast period?
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.
Why are Reusable bags cementing their global dominance in the Paper Bags Market?
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
Which region has promising opportunities in the Paper Bags market?
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.
The global paper bag market is highly consolidated, with a small number of significant competitors and local businesses. Key players have introduced many bags with aesthetic appeal and premium texture. These premium 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.
Some of the key developments that have taken place in the Paper Bags Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By Material Type:
By Distribution Channel:
By Region and Country:
Global Paper Bags Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, Material Type, Thickness, End-User, Usage, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|