Paper Bag Packaging Market Industry Analysis, Size,

Paper Bag Packaging Overview
The global paper bag packaging market is expected to reach USD 6,595.68 million by 2025, registering a CAGR of 4.65% during the forecast period 2019-2025. In this report, Market Research Future (MRFR) includes market segmentation and dynamics to offer a better insight into the coming years.

The key factors driving the growth of the global paper bag packaging market are growing food and beverage industry, growing retail sector and cost-effective packaging solution. However, the fluctuation in the supply and price of raw materials is expected to limit the market growth over the forecast period. Additionally, investments in the use of recycled paper are expected to create growth opportunities for the market.

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Segmental analysis
The global paper bag packaging market has been segmented on the basis of material type, product type, thickness, end use, and region.

Based on type of material, the global paper bag packaging market is divided into brown kraft and white kraft. The brown kraft segment accounted for larger market share and is expected to dominate during the forecast period. This is mainly attributed to the growing adoption of these bags by businesses, globally and the worldwide prevalence of the use of plastic as bags. However, the white kraft material type segment is expected to register a CAGR of 4.83%.

On the basis of product type, the global paper bag packaging market has been segmented into multi-wall bags and block bottom bags. The multi-wall bag segment accounted for the largest market share of 55.4% in 2018, it is expected to register a higher CAGR of 4.79% during the forecast period. This is attributed to the unique advantages in terms of cost effectiveness, environmental friendliness, ease of storage and customization, durability and high tear resistance.

On the basis of thickness, the global paper bag packaging market is divided into 3-ply, 2-ply, over 3-ply and under 2-ply segments. The 3-ply and 2-ply segments contributed over 57.6% of the total market in 2018, while the more than 3-ply segment is expected to register the highest CAGR during the forecast period.

By end use, the global paper bag packaging market includes food and beverage, retail, pharmaceutical, and others. Among these, the food and beverage segment held the leading position with a market share of 34.7% in 2018 with the highest CAGR of 5.34% from 2019 to 2025.

Based on region, the paper bag packaging market is divided into North America, Europe, Asia-Pacific, Middle East & Africa and South America. Among these, the Asia-Pacific region declared the largest market share of more than 32.0% in 2018. The demand for paper bags in the Asia-Pacific region is attributed to the increase in exports from countries such as China, India, Australia, New Zealand, and Japan. Additionally, growing retail industry in these countries is further supporting the growth of the market in this region as it is a thriving market for manufacturers offering technologically advanced packaging solutions for the retail trade. retail and the food and beverage industry.

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Competitive analysis

Major players operating in the paper bag packaging market include International Paper, WestRock Company, Smurfit Kappa, Mondi, Huhtamaki Group, Oji Holdings Corporation, Welton Bibby & Baron Ltd, NOVOLEX, B&H Bag Company, Ecobags NZ, Primepac Industrial Limited, Bee Dee Bags, Langston Companies, Inc. and American Paper Bag.

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Regional analysis
The regional analysis of Global Paper Bag Packaging was done for North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Asia-Pacific includes China, India, Australia, New Zealand, and Japan, which are major exporters of various types of commercial goods to various parts of the world. FDI in retail has expanded the scope of packaging, which attracts foreign players to settle in the region. The growth of the paper bag packaging market in the region is supported by the growing demand for packaged food and beverages in countries like China and India owing to the increase in per capita disposable income. Thus, the paper bag packaging market in Asia Pacific is expected to continue growing at a significant rate during the forecast period.

The North American region includes major markets such as the United States, Canada, and Mexico. North America is one of the largest regions in the global food and beverage and retail market owing to the high penetration rate of multiple brands, growing demand for packaged food and consumer products. ready-to-eat items, the growth of the female working population and high purchases. Powerful. This is expected to fuel the market growth in the region over the forecast period.

Meanwhile, the European paper bag packaging market ranked third in the world. Major countries contributing to this market growth include Germany, UK, France, Italy, Spain, and Rest of Europe. The region is home to several luxury cosmetics brands, which is supporting the growth of the paper bag packaging market. Paper bag packaging products are mainly used for food and beverage products. Additionally, the growing demand for sustainable packaging products in the food and beverage industry is leading to an increase in the demand for storage packaging solutions and eco-friendly paper bags.

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This press release was published on openPR.

Ethel J. Montes