The paper bag market is expected to reach $7.3 billion by 2030, growing at a CAGR of 4.1%.
The paper bag is a popular material for medium and large format products, as well as for sensitive products. The brown kraft segment accounts for almost three-quarters of the value share with an opportunity worth $1.9 billion by 2030.
NEWARK, Del., July 14, 2022 /PRNewswire/ — The global paper bag market is here to witness stability in the form of a CAGR of 4.1% between 2022 and 2030. All set to reach US$7.3 billion during this period.
Driven by the growing focus on eco-friendly and sustainable packaging solutions, the demand for paper bags is set to grow exponentially, according to Future Market Insights (IMF) in a new study. Paper bags are lightweight, biodegradable and economical. Due to their intrinsic properties, they are also considered more environmentally friendly than plastic alternatives.
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The use of paper bags has steadily increased in sectors such as agriculture, construction and others. Driven by this, the paper bag market is expected to grow at a CAGR of 4.1% CAGR between 2022 and 2030.
Since paper bags are non-reactive, they are widely used in the packaging of food, beverages and various high-end products. The expansion of these sectors will therefore bode well for the market as a whole.
The IMF report offers a comprehensive overview of the paper bag market. It covers information on market growth potential, growth drivers, and restraints.
Some of the key takeaways from the report are highlighted below.
- Sales of pinch-bottom and open-mouth paper bags will continue to increase
- Brown kraft will remain the material of choice for making paper bags
- Paper bags with
- Retail Sector Expected to Show Strong Demand for Paper Bags
- Demand for Paper Bags Set to Skyrocket at APEJ
“Paper bags are becoming increasingly popular as a better alternative to single-use plastic bags. With governments in various countries banning the use of polythene bags and other plastic items, sales of paper bags are expected to Some of the major players in the market are some have even introduced recycled paper bags from waste materials such as discarded newspapers to leave a mark against the competition,” says an IMF analyst.
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COVID-19 Impact Analysis
The novel coronavirus outbreak has put a damper on the expected growth of the paper bag market. Apart from disruptions in manufacturing units, the market had struggled with scarcity of raw materials, non-operational supply chain, closure of logistics units, unavailability of labor among other factors during the long periods of confinement. Major players in the market, however, are working hard to strengthen their infrastructure to continue manufacturing quality products.
Competition in the paper bag market is expected to intensify in the coming years. Companies are therefore increasingly turning to recycled materials for the production of quality paper bags. Some even push product launches to gain a competitive advantage.
For example, RonPak has launched its wide range of paper bag products such as to-go, pinch-bottom bags, packaging and others with SQF certification and manufactured with optical brightener with black light detection from glue to glue. course of the last year.
JohnPac has launched its exclusive multi-wall paper bags with a diverse range of styles such as sewn open mouth, self-opening bag, pinch bottom open mouth, sewn valve, stepped valve end glued and others in the current year.
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More Valuable Insights into the Paper Bag Market
In its latest report, Future Market Insights offers a detailed and unbiased analysis of the global paper bag market. It provides historical data for the period 2015-2021 and forecast statistics for the period 2022-2030. In order to understand the potential of the global market, its growth and scopes, the market is segmented on the basis of product type (Sewn Open Mouth, Pinch Bottom Open Mouth, Bonded Valve, Bonded Open Mouth, Flat Bottom), Material Type (brown kraft, white kraft), thickness (3 folds), end use (agriculture & related industries, construction & cons, agri-food, distribution, chemicals, others), in six major regions (North AmericaAPEJ, Western Europe, Eastern Europe, Latin AmericaAME and Japan).
Key Segments Covered by Paper Bag Industry Research
Paper Bag Market by Product Type:
- Sewn open mouth
- Pinch-bottomed open mouth
- valve stuck
- Open mouth glued
- Flat bottom
Paper Bag Market by Material Type:
Paper Bag Market By Thickness:
- 2 ply
- 3 ply
- >3 ply
Paper Bag Market by End User:
- Agriculture and allied industries
- Building and disadvantages
- food and drinks
- Chemical products
Paper Bag Market by Region:
- paper bag market in north america
- Latin America Paper Bag Market
- Paper bag market in Europe
- East Asia Paper Bag Market
- Paper bag market in South Asia
- Oceania Paper Bag Market
- Middle East & Africa (MEA) Paper Bag Market
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1.1. Global Market Outlook
1.2. Market analysis
1.3. Analysis and recommendations
2. Market Overview
2.1. Market coverage
2.2. Market definition
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation Trends
4. Key success factors
4.1. Product adoption analysis
4.2. USP/Product Features
About Future Market Insights Packaging Division
The Packaging The Future Market Insights team offers expert analysis, quick research and strategic recommendations with the aim of providing authentic information and accurate results to help clients worldwide. With a repository of over 100 reports and over a million data points, the team has been insightfully analyzing the industry in over 50 countries for over a decade. The team provides a brief analysis of key trends, including the competitive landscape, profit margin, and research development efforts.
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About Future Market Insights (IMF)
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