Paper Bags Market is anticipated to be valued at US$ 8.2 billion by 2033 with Growing a CAGR of around 4.1%

Paper Bags Market

In 2023, the market for paper bags is expected to be worth US$ 5.4 billion. By 2033, its net value will be US$ 8.2 billion. The global market is expected to increase at a CAGR of around 4.1% from 2023 to 2033.

Due to its high level of sustainability and appealing color & design options, paper bags are increasingly being used for carrying and packaging items. Paper bag demand has greatly expanded in recent years as a result of growing knowledge about the importance of using eco-friendly and biodegradable products.

Paper bags are regularly used in restaurants, retail outlets, groceries, and shopping malls. Prominent players in the packaging industry are choosing paper as a material for introducing a wide variety of bags, which will provide high tear resistance and stiffness. Paper bags are considered to be a better alternative for plastic bags because of numerous properties such as cost-effectiveness, environmentally friendly, and high disposable income. Overall, the global paper bags is projected to witness tremendous growth in the forecast period.

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Key Takeaways of Paper Bags Market Study

  • By material type, the brown kraft segment is expected to hold more than 3/4th value share in the global paper bags market.
  • By product, the sewn open mouth segment is likely to register a CAGR of 3.5% over the forecast period in the global paper bags market.
  • By thickness, the < 2 ply segment is expected to expand at a CAGR of 4.5% in next ten years in the global paper bags market.
  • Western Europe is estimated to capture around 1/4th  of the paper bags market share in the assessment period.
  • India paper bags market is projected to showcase considerable growth at a CAGR of 6.0% in the next ten years.

“High popularity of nutritious and healthy baked goods, as well as beverages is likely to bode well for the paper bags market. Key companies are hence expected to launch innovative paper bags and tie up with leading food & beverage brands to expand their presence,” says a lead analyst at Future Market Insights.

Highly Active Retail Sector to Enhance Paper Bags Sales across the Globe

The retail sector is positively powering the economy of developed nations. Retailers in the global market often capitalize on high consumer confidence in the economy. Competitive pricing allows retailers to engage with their consumers.

The retail sector accounts for more than 50% of the paper bags industry in developed regions such as North America and Europe. Hence, strong retail sales are anticipated to play a pivotal role in paper bags market expansion in the next ten years.

Manufacturers are increasingly aware of harmful effects of plastic packaging on the environment. It is further resulting in a dramatic shift of preference for environmentally friendly packaging solutions such as paper. Paper bags have exhibited high penetration in the market in the last couple of years.

Developing countries across the globe are likely to present lucrative opportunities for growth as it is home to a few emerging markets. Strong retail sector outlook, coupled with high preference for paper bags, is expected to ensure a positive outlook for the global paper bags market.

Paper Bags to Witness Spurring Demand among Building and Construction Companies

The global paper bags market is poised to face heavy demand from the retail sector, which accounts for more than 50% of demand. Retail sector has been showing strong performance in most of the regions, barring Latin America and Eastern Europe. Both these regions are yet to come out of the clutches of economic slowdown, with recovery process gradually picking up pace.

In the Middle East and Africa, a significant demand for paper bags is expected to be from the building and construction industry. Some parts of the region have been involved in war for the last few years, which has resulted in political stalemate.

As peace is restoring in the region, foreign firms are expected to facilitate international efforts to rebuild war-torn nations. Numerous countries have come forward and shown keenness for the same. As paper bags with porosity has high strength, a surging demand for these bags is expected in the next ten years. They will be used for carrying construction materials and cement in building & construction industries.

Competitive Landscape: Paper Bags Market

WestRock Company, Mondi Inc., York Paper Company Limited, Smurfit Kappa Group Plc, United Bags, Inc., International Paper Company, Global-Pak, Inc., Novolex Holdings, Inc., JohnPac Inc., Ronpak, Paperbags Limited, Welton Bibby And Baron Limited, Genpak Flexible, Langston Companies, Inc., and El Dorado Packaging, Inc. among others are prominent players in the paper bags market. The paper bags market is fragmented and tier 1 players currently hold 40% to 45% of share.

Get More Exclusive Insights into Paper Bags Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global paper bags market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the paper bags market on the basis of product (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth and flat bottom), material type (brown kraft, white kraft), thickness type (<2 ply 2 ply, 3 ply, >3 ply), and end use (agriculture & allied industries, building & construction, food & beverage, retail, chemicals, and others) across seven regions.

Surplus Sales of Paper Bags?

“On-the-Go and Take Away Food to take the Pie”

The global food and beverage industry has been registering steady growth in sales. There is high penetration of retail outlets of all formats at global level – supermarkets, department store, and convenience. All these formats have reported positive growth.

Rising number of single person households globally has resulted in a significant number of people preferring eating out than cooking at home. High rate of urbanization in the region has led to strong demand for construction materials. The global food and beverage sector has witnessed the establishment of several new food outlets, which is accelerating the demand for paper bags.

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Competitive Landscape

The top players account for 40-45% of the global production. The key players operating in the market have a stipulated focus on mergers and acquisitions and region-wise expansion for gaining competitive edge along with expanding their product portfolio to provide the customers with a higher range of products.

  • Waddington Europe (a brand of Novolex Holdings, Inc.), in November 2020, did launch their exclusive range of 100% food packaging solution with zero to landfill status. The new Eco Blend 100 and Eco Blend Pura products are made from in-budget materials.
  • WestRock Company, in the year 2020, tabled their new-fangled paper Sack and bag paper packaging Solutions – FibreGreen, which are recyclable, renewable, and SFi-certified. They prove to be ideal for grocery. Lightweight grades are ideal for liquor bags, lunch, and things analogous over here.

Key Segments Covered in Paper Bags Industry Research

Paper Bags Market by Product Type:

  • Sewn Open Mouth
  • Pinched Bottom Open Mouth
  • Pasted Valve
  • Pasted Open Mouth
  • Flat Bottom

Paper Bags Market by Material Type:

  • Brown Kraft
  • White Kraft

Paper Bags Market by Thickness:

  • <2 Ply
  • 2 Ply
  • 3 Ply
  • >3 Ply

Paper Bags Market by End-User:

  • Agriculture & Allied Industries
  • Building & Cons
  • Food & Beverage
  • Retail
  • Chemicals
  • Others

Paper Bags Market by Region:

  • North America Paper Bags Market
  • Latin America Paper Bags Market
  • Europe Paper Bags Market
  • East Asia Paper Bags Market
  • South Asia Paper Bags Market
  • Oceania Paper Bags Market
  • Middle East & Africa (MEA) Paper Bags Market

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Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Paper Bags industry?

(2) Who are the leading players functioning in the Global Paper Bags marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Paper Bags industry?

(4) What is the competitive situation in the Global Paper Bags market?

(5) What are the emerging trends that may influence the Global Paper Bags market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Paper Bags industry?

(8) Which region is lucrative for the manufacturers

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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