According to market analysts, the foodservice paper bag market is projected to continue its growth in the coming years. The forecast suggests that by 2022, the market will reach a value of US$ 958.4 million, and from 2022 to 2032, it is expected to grow at a compound annual growth rate (CAGR) of 5.1%, ultimately reaching US$ 1,575.9 million by the end of 2032.
By the end of 2022, it is predicted that the top three countries will hold approximately 25-30% of the global market share for paper bags used in the foodservice industry. Non-handle bags are expected to dominate around 70% of the foodservice paper bag market by that time. The preference for non-handle bags is primarily driven by restaurants and foodservice providers favoring conventional paper bags.
The recent surge in foodservice paper bag sales can be attributed to the growing demand for environmentally friendly packaging among consumers and the food industry. Government initiatives and restrictions on plastic packaging have also created new opportunities for the global foodservice paper bag market. Furthermore, the emergence of new foodservice businesses worldwide is expected to fuel the demand for foodservice packaging, particularly paper bags.
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Overall, the foodservice paper bag market has shown consistent growth over the years, with a CAGR of 4.1% from 2015 to 2021. The market is poised for further expansion in the future, driven by factors such as increasing environmental concerns, government regulations, and the growth of the foodservice industry.
Key Takeaways
- Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
- Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
- On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
- Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
- East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.
Competitive Landscape
Major players operating in the global foodservice paper bags market are trying to expand their capacities by developing their facilities. Also, several key players are adopting the merger and acquisition strategy to strengthen and increase their resources. These players are focusing on developing innovative paper bags to gain more market shares.
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Some of the latest developments by key players are as follows–
- In August 2022, Novolex Holdings LLC announced the launch of innovative paper bags for more secure deliveries for retailers and restaurants. The paper bag offers a wide opening for easy loading, a flat bottom to keep items secure, and sturdy paper twist handles for easy & reliable carrying.
- In March 2022, WestRock Company expanded its production facility by investing US$ 47 Million at its consumer facility in Claremont.
- In January 2022, Huhtamaki Oyj acquired a company named Smith Anderson Group Ltd. in Portland. The company manufactures and sells paper bags in Eastern Europe.
Key Players:
- WestRock Company
- Hutamaki Oyj
- Novolex Holdings LLC
- Ronpak Inc.
- Mondi Group
- Amcor Ltd
- International Paper Company
Regional Analysis for Paper Bags Market:
High Demand in Foodservice Paper Bags Market
The USA exhibits high demand in the foodservice paper bags market due to several factors. Firstly, consumers in the USA have a strong preference for recyclable and sustainable packaging solutions. With increasing concerns about the amount of waste generated in landfills, there is a growing need for environmentally friendly packaging options. Paper is widely seen as a recyclable material, and the USA has a robust paper recycling infrastructure.
According to the American Forest & Paper Association (AF&PA), paper is one of the most widely recycled materials in the USA. The high recyclability of paper packaging makes it attractive to consumers and drives the demand for foodservice paper bags. The paper recycling rate in the USA has also been consistently high, exceeding 63% since 2009.
Overall, the rising preference for recyclable, sustainable, and innovative packaging solutions in the USA contributes to the strong demand for foodservice paper bags in the market.
India: Attractive Foodservice Paper Bags Market
India is considered the most attractive foodservice paper bags market due to the expansion of the foodservice industry in the country. The market is projected to grow significantly, reaching 1.6 times its current value during the forecast period.
The Indian foodservice industry has been rapidly expanding, with a large number of restaurants and eateries across the country. According to the National Restaurant Association of India (NRAI), there are over 5 lakh restaurants in India, contributing around US$ 4 billion to the industry’s revenue. This growth in the foodservice industry directly drives the demand for foodservice paper bags in India.
As the number of restaurants and food outlets continues to rise, the need for packaging solutions, particularly white paper bags, increases. These bags are commonly used for takeout and delivery services, catering to the growing demand for convenient and eco-friendly packaging options in the Indian foodservice sector.
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Foodservice Paper Bags Market Outlook by Category
By Material Type:
- Brown Kraft
- White Kraft
By Bag Type:
- Handle Bags
- Non-handle Bags
By End User:
- Foodservice Outlets
- Online Food Delivery
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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