Press release
Multiwall Paper Bags Market Size, Industry Share | Forecast 2028
The global multiwall paper bags market size was valued at USD 12.5 billion in 2021 and is expected to reach USD 15.9 billion by 2028, at a CAGR of 3.5% during the forecast period 2022 to 2028. Several layers of paper, usually three or more, are laminated together to form multiwall paper bags, which have higher strength and moisture resistance. Depending on how the bag will be used, different papers and layer counts may be employed. Food, clothing, as well as other articles that would be damaged if wrapped in a conventional cardboard box, are frequently packaged in multiwall paper bags. Food and consumer goods are packaged in open-mouth bags, which are often referred to as half-mouth or one-side bags. A paperboard as well as a thin plastic film wrapped around the paperboard are used in the production of the product. Perishable goods including meat, fish, poultry, and vegetables can stay fresher longer because the plastic film allows the food to breathe.View the detailed report description here - https://precisionbusinessinsights.com/market-reports/multiwall-paper-bags-market/
Multiwall Paper Bags Market Growth Factors:
With the increase in government activities to raise public awareness about paper bags, the market is being pushed by increased demand for paper bags from end-users such as major retailers, resorts, restaurants, malls, and other establishments. For instance, the United Nations Environment Program (UNEP) launched a global campaign in 2019 to raise awareness of the benefits of using paper bags and the drawbacks of using microplastics in order to discourage their excessive use and preclude water and environmental pollution due to global use of plastics. In addition, growing consumer preference for processed and packaged food items is accelerating market expansion. Paper bags used to package edible goods are lined with food-safe materials, keeping the contents fresh for a longer period of time. The expansion of the industry is also being aided by several product improvements intended to enhance the design and production processes.
The Multiwall Paper Bags Market Segmentation:
The global Multiwall Paper Bags Market on the basis of Product, the market is segmented into Sewn Open Mouth, Pasted Open Mouth Bags, Pasted Valve Bags, Pinch Bottom bags, and Self Opening Satchel. On the basis of Application, the market is categorized into Building Materials, Food, Pet Food Industry, Agricultural Industry, Chemicals, Minerals, and Others.
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The Multiwall Paper Bags Market Regional Analysis:
With the largest revenue share, the Asia Pacific multiwall bag market has emerged as the dominant regional market. The region's expanding population, the ensuing need for food, a sharp increase in agricultural production, and increasing urbanization, particularly in developing nations like India and China, are the main drivers of this market's expansion. The expansion of the transportation and logistics sector as well as the rising demand for FMCG products, burgeoning e-commerce, and rising construction activity throughout the area have all contributed to the growth of the Asia Pacific market.
The major key players in the Multiwall Paper Bags Market report are Bag Supply Company, Edna Group, El Dorado Packaging, Gateway Packaging, LC Packaging, Hood Packaging, Langston Companies, Manyan, Material Motion.
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