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Retail sector to significantly contribute to the growth of the global paper bags market

10-29-2018 09:46 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Retail sector to significantly contribute to the growth of

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.

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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.

In the material type category, brown kraft is widely used as compared to white kraft. The brown kraft segment is projected to grow at a 4.5% value CAGR and is estimated to reach a value of above US$ 5 Bn by the end of the year of assessment.

In the end use category, the retail segment dominates the global market followed by the food and beverages segment. The retail segment is expected to grow at a value CAGR of 4.3% during the period of forecast.

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Global Paper Bags Market: Forecast Analysis

According to this research report, the global market is estimated to reach a valuation of more than US$ 7 Bn by the end of the year of assessment (2027) from a value of about US$ 4,500 Mn by 2017 and is projected to grow at a CAGR of 4.4% during the period of forecast.

Global Paper Bags Market: Competitive Analysis

The research report on the global paper bags market includes analysis of key companies such as The Mondi Group plc., Smurfit Kappa Group, International Paper Company, Novolex Holdings, Inc., Ronpak, Welton Bibby And Baron Limited, JohnPac Inc., El Dorado Packaging, Inc., Langston Companies, Inc., United Bags, Inc., Genpak Flexible, Paperbags Limited, Global-Pak, Inc., and York Paper Company Limited.

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About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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