Demand for Recycled Paper Bags Is Set to Increase at A CAGR of 4.5% By 2033

According to Fact.MR's latest released report on recycled paper bags, the global market is set to be worth US$ 2.9 billion by the end of 2023 and is projected to expand at a CAGR of 5.5% between 2023 and 2033.

The rising trend of using eco-friendly products and not harming the environment is creating huge demand for recycled paper bags in the global market. Various industries are promoting the use of recycled paper bags in their packaging, both primary and secondary. Especially retail product packaging and food and beverage packaging are the prime demand creators for recycled paper bags.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:- https://www.factmr.com/connectus/sample?flag=S&rep_id=6813?PJ

Different types of retail formats have been growing rapidly in the past few years and the trend is going to continue over the coming years as well. The rising number of single-person households and immigration of students across the world have led to a significant number of people who prefer ordering food from out rather than cooking at home. This has led to a rise in the demand for food packaging for transit till it is consumed, thereby benefiting recycled paper bag suppliers.

Key Takeaways from Market Study

• By thickness, 1-ply recycled paper bags holds the largest market share of 41.3% in 2022.
• By bag type, demand for pasted open mouth bags is projected to grow at a CAGR of 6.3% during 2022-2032.
• Among the end users, demand from the commercial sector is projected to expand around 1.7X to reach US$ 3.6 Bn by 2032.
• North America accounts for 28.1% share of the global market in 2022 and is forecasted to reach US$ 1.4 billion by 2032.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Novolex
• WestRock Company
• International Paper Converters Ltd.
• Prime Time Packaging
• United Bags Inc.
• Luna Packaging LLC
• International Paper
• Icegreen
• Globak PAK Inc.
• Jet Paper Bags
• Daklapack group
• Sharper Bags
• Gulfeast Paper & Plastic Industries LLC

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬: https://www.factmr.com/connectus/sample?flag=RC&rep_id=6813?PJ

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

• By Bag Type :

• Sewn Open Mouth
• Pinched Bottom Open Mouth
• Pasted Valve
• Pasted Open Mouth
• Flat Bottom

• By Thickness :

• 1 Ply
• 2 Ply
• 3 Ply
• > 3 Ply

• By End User :

• Commercial

• Agriculture & Agriproduce Packaging
• Building & Construction Product Packaging
• Food & Beverage Packaging and Delivery
• Retail Product Packaging
• Chemical Packaging
• Others (Not Classified Elsewhere)

• Individual / Household

• By Region :

• North America
• Latin America
• Europe
• East Asia
• South-East Asia & Oceania
• Middle East & Africa

"North America will be the largest consumer of recycled paper bags with growing demand from retail and food & beverage packaging industries," says a Fact.MR analyst.

Market Development

With the aim of enhancing market presence and improving their portfolios, key players are introducing innovative recycled paper bags that have a multiwall feature for strength, customization services, and more.

Companies should focus on expanding their production capacities as product demand is going to rise in future due to high growth in various end-use industries. They should focus more on customization and working with end users to understand their requirements and develop solutions that are application-specific.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the recycled paper bags market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on bag type (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom), thickness (1 ply, 2 ply, 3 ply, >3 ply), and end user (commercial (agriculture & agriproduce packaging, building & construction product packaging, food & beverage packaging and delivery, retail product packaging, chemical packaging, others), individual/household), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/6813

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𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.prnewswire.com/news-releases/rising-adoption-of-bio-based-plastic-to-propel-oleochemicals-sales-past-us-48-61-bn-by-2032--301588694.html

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This release was published on openPR.