Press release
Paper Bag Market Forecast 2024-2033: Analysis, Trends & Growth Outlook Report
The paper bag market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to circular economy and recycling infrastructure, e-commerce expansion, global packaging regulations, rising consumer awareness, supply chain resilience. Major trends in the forecast period include innovations in design and functionality, technological advancements in manufacturing, brand image and corporate social responsibility (CSR), technological advancements in manufacturing, emphasis on lightweight and durable materials.
Market Overview -
Paper bags are bags made of paper that are used for carrying or delivering groceries or other items. They are commonly used as an eco-friendly alternative to plastic bags as they are biodegradable, recyclable, and made from renewable resources.
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Online Food Delivery Boom Fuels Growth In The Paper Bag Market
The increasing online food delivery services are expected to propel the growth of the paper bag market going forward. 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, moisture resistance, heat retention, and eco-friendly alternative to plastic bags and other packaging materials. For instance, in July 2022, according to Zomato Ltd., an India-based food delivery company, In the fiscal year 2022, Zomato fulfilled 535 million orders, marking a substantial 124% increase compared to the previous fiscal year, FY21. Therefore, the increasing online food delivery services are driving the growth of paper bags.
Competitive Landscape -
Major companies operating in the paper bag market report are International Paper Company, WestRock Company, Smurfit Kappa Group plc, Oji Holdings Corporation, Mondi plc, Sonoco Products Company, Visy Industries Pty Ltd, Novolex Holdings LLC, Papier-Mettler KG, Genpak LLC, Ronpak Inc., Champion Packaging & Distribution Inc., Interflex Group Inc., Paperbag Limited, Packaging Pro Inc., Bedford Paper Inc., Bagcraft Packaging LLC, Bulldog Bag Ltd., International Converter Inc., Wisconsin Converting Inc., United Bags Inc., Global-Pak Inc., Burgass Carrier Bags Ltd., CEE Schisler Packaging Solutions LLC, Gilchrist Bag Manufacturing LLC, Thai Showa Paxxs Company Limited, American Paper Bag LLC, Novplasta Cz s.r.o., Rosenbloom Groupe Inc., Paperera de Girona SA, Ampac Holdings LLC, Emerald Packaging Inc.
Eco-Friendly Paper Bags Transforming The Paper Bag Market
Major companies operating in the paper bag market are developing new products such as recyclable paper bags to gain a competitive edge in the market. Recyclable paper bags are environmentally friendly bags made from paper that can be collected and processed for reuse, promoting sustainability and reducing environmental impact. For instance, in November 2022, PACK'D, a UK-based food and beverages company, launched recyclable paper bags for its packaging, featuring a flexible paper film that serves as an eco-friendly substitute for traditional plastic. The bags are designed for easy disposal, aligning with the brand's commitment to reducing plastic usage. The scrunchable form of the bags not only addresses storage concerns, particularly in busy freezers, but also showcases adaptability. Overall, the recyclable paper bags emphasize practicality, sustainability, and innovation in packaging.
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Key Segments -
The paper bag market covered in this report is segmented -
1) By Type: Flat Bottom Bags, Pinched Bottom Bags, Sewn Open Mouth Bags, Pasted Valve Bags, Other Types
2) By Material Type: Brown Kraft, White Kraft
3) By Usage: Single Use, Reusable
4) By Distribution Channel: Convenience Stores, Supermarkets Or Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels
5) By End-User: Food And Beverages, Pharmaceutical, Retail, Construction, Chemicals, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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