Food Service Paper Bags Market Comprehensive Shares, Historical Trends And Forecast By 2030

The Food Service Paper Bags Market will register a healthy growth between 2020 and 2030, developing at a CAGR of 5.4%. The study also predicts that the market will achieve a global value of US$1.45 billion by 2030.

In a similar vein, the proliferation of online food delivery and the growing trend of delivery food is having a positive impact on the adoption of paper bags in food service applications. As end users seek robust, leak-proof packaging solutions, manufacturers are emphasizing innovation in product design.

Get a sample of the report: https://www.futuremarketinsights.com/reports/sample/rep-gb-12666

Paper some of the most popular names on the market including WestRock Company, Huhtamaki Oyj, Paperbags Limited, Novolex Holdings LLC, Ronpak Inc., The Mondi Group LLC, Amcor Ltd., Vegware Ltd., Stora Enso Oyj., Smurfit Kappa Group, International Company, Georgia Pacific LLC, Welton Bibby And Baron Limited, Biopac (UK), United Bags Inc. and Global-Pak.

Growing concerns about plastics :
In recent years, concerns about environmental pollution and the role of plastics have become a challenge for environmental groups and governments in their efforts to contain environmental pollution.

The organization is working to raise awareness among both suppliers and consumers. For example, in commemoration of World Environment Day 2018, India’s Minister of Environment, Forestry and Climate Change Coalition has urged industry to eliminate plastic use, noting that the country generates 25,000 tonnes of plastic waste each year.

Paper bags meet consumer demands for safe, leak-free and recyclable packaging solutions . Paper bags are increasingly replacing plastic packaging solutions in regions where takeaway and online food delivery trends are emerging.

Impact of COVID-19 on Food Service Paper Bags Market :
The outbreak of COVID-19 is having a dual impact on the packaging industry, which is clearly reflected in the demand for paper bags in the food service sector. As people around the world are locked up at home, packaged foods have emerged as a solution to their food cravings.

With efficient online food delivery services, consumers are relying on online ordering. This will help maintain some level of demand for paper bags over the forecast period. However, the closures of restaurants and other food stores and restrictions on the production side will challenge the steady growth of the market during the pandemic.

Regional data for the question: https://www.futuremarketinsights.com/ask-country-specific/rep-gb-12666

Application: Early penetration of plastics
Over the years, plastics have solidified their position in the food service industry as a packaging solution, and an immediate paradigm shift from plastics to paper products is not feasible. Similarly, plastic has an edge over paper in terms of physical properties such as toughness, high spill resistance and high tear resistance.

Who is the winner?
The major players in the market are focusing on producing sustainable products to comply with established norms for packaging methodologies. In a similar vein, traditional growth strategies such as mergers, acquisitions and expansions will continue to shape the competitive landscape. On the next line:

In 2019, Amcor launched a new recyclable packaging format that can reduce carbon impact by up to 64%.
That same year, the Westrock company completed the acquisition of KapStone Paper and Packaging Corporation with the intention of expanding its product portfolio.

Main sector -

Material Type:
Brown Craft
white craft

Bag Type:
handle bag
bag without handle

End use:
restaurant
Hotels and Accommodation
Food courts (shopping malls, airports, combined railroads, etc.)
online food delivery
Others (hospitals, schools, offices, etc.)

Request special price: https://www.futuremarketinsights.com/ask-country-specific/rep-gb-12666

Key questions answered in the report:
What is the market size of the Food Service Paper Bags market?
The global food service paper bags market is expected to reach a value of $1.45 billion by 2030.

What is the largest market for food service paper bags?
Europe is expected to retain hegemony over the regional landscape during the forecast period.

Who are the biggest end users of food service paper bags?
The restaurant segment is expected to send most of its revenue to the Foodservice Paper Bags market during the forecast period.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.