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Paper Bag Market Insights, Overview, Share And Forecast To 2033
Paper Bag Market
As per the report, the paper bag market size has grown strongly in recent years. It will grow from $5.87 billion in 2023 to $6.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Paper Bag Market Report Structure
3. Paper Bag Market Trends And Strategies
4. Paper Bag Market - Macro Economic Scenario
5. Paper Bag Market Size And Growth
…..
27. Paper Bag Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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