During the anticipated period, the industrial paper bags market is anticipated to expand steadily at a projected compound annual growth rate (CAGR) of 4.2%. By 2033, the market is expected to have grown from its projected value of US$ 3.6 billion to US$ 5.4 billion.
The market for industrial paper sacks is expanding as more companies and packaging systems choose sustainable alternatives. The government’s promotion of paper packaging as a plastic substitute also helps the market grow.
Fast-moving consumer goods (FMCG), pharmaceuticals, fashion, and footwear are just a few of the industries that are seeing an increase in the use of brown paper bags and multiwall paper bags. These paper bags are robust, long-lasting, and more environmentally friendly than traditional ones suitable for packaging purposes.
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The market growth is further propelled by the demand for paper sacks in the packaging of construction materials and increasing industrial applications. Government initiatives to support regional businesses in the production of multiwall paper bags are also stimulating market growth.
Factors such as ongoing product developments, the development of societal infrastructure, and the exploration of new markets are expected to contribute to the growth of the industrial paper bag market.
Overall, the industrial paper sacks market is witnessing positive growth due to the increasing adoption of sustainable packaging solutions, government support, and the versatility of paper bags across various industries.
Key Points
- The market in China is likely to lead the industrial paper sacks market in terms of CAGR and market share. The market is expected to record a CAGR of 6.9% during the forecast period. The market growth is attributed to the growing environmental consciousness among people, along with the growing sustainable packaging businesses. The regional market is expected to hold a value of US$ 1.4 billion by 2033.
- The United States industrial paper sacks market is another significant market with an expected CAGR of 3.1% between 2023 and 2033. The regional growth is attributed to the stringent government rules around the use of plastic and increased consumer consciousness. The market is anticipated to reach a value of US$ 991.2 million by 2033.
- The unbleached segment is likely to thrive in the grade type category as it is anticipated to record a CAGR of 4.0% between 2023 and 2033. The growth is attributed to factors like the rusty look, better customization options, and economical price.
- The pinched bottom open-mouth segment is expected to top the product type category with an expected CAGR of 4.3% during the forecast period. The growth of this segment is fueled by higher consumption.
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Competitive Landscape
The key competitors focus on producing durable paper sacks that can carry industrial and construction materials. Key players also focus on using better GSM paper with high-quality processing. Key competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
The key players in the market are Mondi Group, Smurfit Kappa, Klabin S.A, Billerudkorsnas AB, Gascogne Group, Segezha Group, LC Packaging International BV, Simpac Ltd., Edna Group, Essentra plc, Kapstone Paper & Packaging Corp., Rosenflex UK Ltd., Novolex Holdings Inc., Bischof & Klein GmbH & Co. KG, Indevco, Rengo Co. Ltd., and Conitex Sonoco Inc.
Recent Market Developments
- Bischof & Kleisuch GmbH & Co has introduced its convertible packaging for construction materials such as U-pack (45% recycled material) and stand-up pouch (30% recycled material).
- Mondi Group has launched its white sack kraft paper that is in high demand across industries. The packaging offers strength, porosity, and printability.
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Key Segments
By Product Type:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Valve Sacks
- Open Mouth Sacks
By Grade:
- Unbleached
- Bleached
By Thickness:
- 1 ply
- 2 ply
- 3 ply
- >3 ply
By End Use:
- Building & Construction
- Mortar
- Cement
- Concrete
- Chemicals
- Agriculture & Allied Industries
- Crops
- Flour
- Coffee/Tea
- Fruits & Veg
- Seeds
- Animal Feed
- Others
- Food
- Sugar
- Salt
- Cacao
- Starch
- Others
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