The paper bags market offers a multitude of benefits, primarily centered around environmental sustainability. As eco-friendly alternatives to plastic bags, paper bags are biodegradable, renewable, and contribute to reduced plastic pollution. They are a preferred choice for environmentally conscious consumers and businesses aiming to meet sustainability goals. The dominating segment is in the retail and grocery industry, where paper bags have gained prominence due to bans or restrictions on plastic bags. Their affordability, recyclability, and positive environmental impact have made them a staple choice for packaging and shopping.
According to Data Bridge Market Research, the Global Paper Bags Market is expected to reach USD 9.27 billion by 2030, which was USD 5.90 billion in 2022, registering a CAGR of 5.80% during the forecast period of 2023 to 2030.
“Increasing usage of paper bags in online food delivery services boost the market’s growth”
The increasing usage of paper bags in online food delivery services is driven by environmental concerns and customer preferences. As consumers demand more sustainable packaging options, food delivery platforms are shifting from plastic to paper bags. This trend aligns with the broader paper bags market, where sustainability is a key driver. It reflects the market's adaptability to changing consumer needs, as businesses recognize the importance of eco-friendly packaging solutions in reducing their carbon footprint and appealing to eco-conscious customers.
What restraints the growth of the global paper bags market?
“Instability in raw material prices, restraints the market’s growth”
The paper bags market faces a notable challenge due to the instability in raw material prices, primarily derived from trees. Fluctuations in wood pulp costs are driven by factors such as supply, demand, and environmental regulations. This unpredictability makes it difficult for manufacturers to maintain stable pricing, affecting their profitability and competitiveness.
Segmentation: Global Paper Bags Market
The global paper bags market is segmented on the basis of products, usage, capacity, size, sealing healing, shape, distribution channel, and end-user.
- On the basis of products, the global paper bags market is segmented into flat paper bag, multiwall paper sacks, open mouth, pasted valve, lock paper bag, self-opening-style (S.O.S.) bags, stand up pouch, and others.
- On the basis of usage, the global paper bags market is segmented into single use and reusable.
- On the basis of capacity, the global paper bags market is segmented into less than 1 kg, 1 kg-5 kg, 5 kg-10 kg, and more than 10 kg.
- On the basis of size, the global paper bags market is segmented into small size, medium size, large size, and extra large size.
- On the basis of sealing healing, the global paper bags market is segmented into Heat seal, hand length handle, ziplock, twisted handle, flat handle, and others.
- On the basis of shape, the global paper bags market is segmented into rectangle, square, circular, and others.
- On the basis of distribution channel, the global paper bags market is segmented into convenience stores, supermarkets/hypermarkets, specialty stores, e-commerce, and others.
- On the basis of end-user, the global paper bags market is segmented into food and beverages, animal feed, cosmetic products, agriculture, construction, pharmaceuticals, chemicals, and others.
Regional Insights: Asia-Pacific is expected to dominate the Global Paper Bags Market
The paper bags market in the Asia-Pacific region is poised for dominance due to rising production and consumption of reusable paper bags. The growing demand for paper bags, coupled with the convenience of manufacturing reusable ones, is expected to fuel market expansion. This trend reflects a shift towards eco-friendly packaging solutions in response to environmental concerns, aligning with the region's sustainability efforts and consumer preferences for more sustainable options.
North America is anticipated to experience rapid growth from 2023 to 2030, primarily driven by heightened demand for paper bags in the retail sector. The region's growing preference for processed and packaged food items will also contribute to market expansion. This surge reflects the inclination toward sustainable packaging solutions, aligning with the region's focus on environmental sustainability and consumer trends favoring eco-friendly choices in the retail and food industries.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-paper-bags-market
Recent Developments
- In 2022, Saudi company Yanbu acquired SAR 32.3 million (USD 8.6 million) worth of shares in Kuwait's Shuaiba Industrial Co through its subsidiary, Yanbu Saudi Kuwaiti Paper Products Co. This transaction facilitated the transfer of a 40% stake in the paper producer to Yanbu Cement, granting it full ownership of the company.
- In 2021, Taurus Packaging and Mondi collaborated to create a purpose-built reusable shopping bag tailored for Southern Africa's demanding retail market. Utilizing Mondi's Advantage Kraft Plus, this paper bag emerged as a superior alternative in a region traditionally reliant on plastic bags for shopping.
The Prominent Key Players Operating in the Global Paper Bags Market Include:
- WestRock Company (U.S.)
- Smurfit Kappa (Ireland)
- International Paper (U.S.)
- Novolex (U.S.)
- NOVPLASTA CZ, s.r.o (Czechia)
- Burgass Carrier Bags (U.S.)
- Mondi (U.K.)
- CEE R.SCHISLER (France)
- Conitex Sonoco (U.S.)
- Paperera de Girona S.A. LC Paper Group (Spain)
- Hotpack Packaging Industries L.L.C. (U.A.E)
- Ronpak (U.S.)
- DS Smith (U.K.)
- Goodwin Robbins Packaging Company Inc (U.S.)
- Oji Holdings Corporation (Japan)
- Georgia-Pacific L.L.C. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global paper bags market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Paper Bags Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
