Press release
Paper Bag Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Paper Bag Market
The Business Research Company's Paper Bag Global Market Report 2023 identifies increasing online food delivery services as the major driver for the Paper Bag market's growth in the forecast period. Food delivery services refer to online third-party food-ordering systems that deliver authorized food products. Paper bags are a versatile and eco-friendly packaging option that can provide a range of benefits for online food delivery services such as branding opportunities.
The global paper bag market size is expected to grow from $5.59 billion in 2022 to $5.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.01%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global paper bag market size is expected to reach $7.25 billion in 2027 at a CAGR of 5.43%.
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Major competitors in the Paper Bag market are Burgass Carrier Bags, CEE Schisler Packaging Solutions, Gilchrist Bag Manufacturing LLC, International Paper, Mondi plc, Novolex Holdings LLC.
A key trend in the Paper Bag market includes product innovation. Major market players in paper bags are concentrating their efforts on creating innovative products to sustain their market position. For instance, in October 2020, Seaman Paper, a US-based pulp and paper company, launched Vela bags, a brand of clear paper bags intended to replace single-use plastic poly bags. Vela bags are made of FSC®-certified paper and are recyclable, sturdy, and transparent, making them an efficient and sustainable alternative to plastic, which can be used to protect garment products along the supply chain, among other things.
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The Paper Bag market is segmented -
• By Type: Flat Bottom Bags, Pinched Bottom Bags, Sewn Open Mouth Bags, Pasted Valve Bags, Other Types
• By Material Type: Brown Kraft, White Kraft
• By Usage: Single Use, Reusable
• By Distribution Channel: Convenience Stores, Supermarkets Or Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels
• By End-User: Food And Beverages, Pharmaceutical, Retail, Construction, Chemicals, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Paper Bag market.
The Business Research Company's "Global Paper Bag Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Paper Bag Market Include:
1. Executive Summary
2. Paper Bag Market Characteristics
3. Paper Bag Market Trends And Strategies
4. Paper Bag Market - Macro Economic Scenario
5. Paper Bag Market Size And Growth
………………………………………………………..
26. Africa Paper Bag Market
27. Paper Bag Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Paper Bag Market
29. Paper Bag Market Future Outlook and Potential Analysis
30. Appendix
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