Global Paper Bags Market is forecasted to grow at 6.9% with factors such as increasing demand of preference for eco-friendly in packaging in various regions.
Paper bags market has shown an exceptional penetration in countries such as China, Germany and the U.S. Increasing demand for lightweight and easily transportable paper bags packaging in developed countries. In developing countries, strong distribution network including multi-brand stores and online retailers is creating opportunity for the global paper bags market.
According to Data Bridge Market Research the market for paper bags in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is Smurfit Kappa which accounts an estimated market share of approximately 12% to 16% in the global paper bags market. The company has gained outstanding sale through their industrial product which is protection solutions. In February 2019, Smurfit Kappa invests in expansion of its paper sack business in the Americas with USD 36.00 million. This development helps the company to increase production and revenue in near future.
Now the question is which other regions Smurfit Kappa, Mondi and International Paper are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific paper bags market and the market leaders targeting Japan and India to be their next revenue pockets for 2020.
The paper bags market is becoming more competitive every year with companies such as Smurfit Kappa, Mondi and International Paper as they are the market leaders for paper bags. The data bridge market research new reports highlight the major growth factors and opportunities in the paper bags market.
For more analysis on the paper bags market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-paper-bags-market
In February 2020, Novolex brands namely, Eco-Products and Heritage Bag showcased compostable products at Compost2020. This development helps the company to increase goodwill in the market.
Global paper bags market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Taiwan, Hong-Kong, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Egypt, Israel, South Africa and Rest of Middle East and Africa.
To know more about the study https://www.databridgemarketresearch.com/reports/global-paper-bags-market
Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of paper bags companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-paper-bags-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
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, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Browse in Materials and Packaging Category Related Reports@ https://www.databridgemarketresearch.com/report-category/materials-and-packaging
Global Paper Bags Market – Industry Trends and Forecast to 2027
Europe Paper Bags Market - Industry Trends and Forecast to 2027
Asia-Pacific Paper Bags Market – Industry Trends and Forecast to 2027
Middle East and Africa Paper Bags Market – Industry Trends and Forecast to 2027
North America Paper Bags Market – Industry Trends and Forecast to 2027