Paper Bags Market to reach a valuation of more than US$ 7 Bn by the end of the year of assessment (2027)

A comprehensive market evaluation put forth by Future Market Insights (FMI) on the global paper bags market in a new research report titled “Paper Bags Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers the drivers, challenges, key trends as well as opportunities in the global paper bags market along with competition assessment during the period 2017-2027. A detailed market segmentation is included in the research publication based on which the value and volume analysis of various segments and sub-segments is carried out during the period of assessment. The global paper bags market is expected to witness moderate growth across the regions of Asia Pacific excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, Japan and Middle East and Africa (MEA) during the forecast period.

Global Paper Bags Market: Factors Driving Growth

Several aspects are responsible for the growth of the paper bags market. Factors such as a highly active retail sector in developed economies, increasing innovation in product design, growing penetration of the retail sector in emerging markets, strong consumer confidence rejuvenating retail sales, increasing PPP projects leading to increased demand for paper bags for construction and rising demand for on-the-go retail food are triggering the growth of the global paper bags market.

Global Paper Bags Market: Segmental Snapshot

The global market for paper bags is segmented on the basis of product type, thickness, material type, end use and region.

By region, Asia Pacific excluding Japan is expected to reflect high market attractiveness in the coming years. The paper bags market in this region is anticipated to grow at a higher CAGR and reach a valuation of more than US$ 2,200 Mn by the end of the year of assessment thus leading the global paper bags market.

By product type, pinched bottom open mouth segment is poised to showcase largest market value and is projected to grow at a high value CAGR during the period of forecast. Sewn open mouth segment in this category is the second largest with respect to market share.

By thickness, the

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This release was published on openPR.