Press release
Steady Expansion Forecast for Paper Bag Market, Projected to Reach $8.4 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Paper Bag Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the paper bag industry has seen significant growth. The market value is projected to increase from $6.14 billion in 2024 to $6.49 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.8%. This robust growth in the previous years can be attributed to several factors including increasing environmental consciousness and stricter regulations, changing consumer preferences and lifestyles, trends in retail and packaging, availability and costs of raw materials, as well as brand image and corporate social responsibility (CSR) initiatives.
Paper Bag Market Size Forecast: What's the Projected Valuation by 2029?
Anticipations are high for robust expansion in the paper bag market over the foroming years, with projections estimating a surge to $8.4 billion by 2029, boasting a compounded annual growth rate (CAGR) of 6.7%. This anticipated growth in the specified period can be credited to factors like the circular economy and recycling infrastructure, the boom in e-commerce, alterations in international packaging standards, increased customer enlightenment, and supply chain toughness. Key trends set to shape the industry outlook in the forecast period incorporate design and functionality innovation, progress in manufacturing technology, brand reputation and corporate social responsibility (CSR), further advancements in manufacturing technology, along with a focus on lightweight and robust materials.
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What Are the Drivers Transforming the Paper Bag Market?
The rise in online food delivery services is projected to spur the expansion of the paper bag market. These services pertain to the digital ordering of food from third-party systems that deliver licensed food items. Paper bags, being versatile and environmentally friendly, offer various advantages to these services, such as branding opportunities, resistance to moisture, heat preservation, and an environmentally friendly alternative to plastic bags and other kinds of packaging. For example, Zomato Ltd., a food delivery firm based in India, reported in July 2022 that it had completed 535 million orders in the 2022 fiscal year. This signifies a significant 124% rise compared to the preceding fiscal year, FY21. Consequently, the escalating trend of online food delivery services is powering the growth of the paper bag industry.
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What Long-Term Trends Will Define the Future of the Paper Bag Market?
Leading organisations in the paper bag market are pioneering new product offerings like recyclable paper bags to secure a competitive advantage. These eco-friendly bags are constructed from paper that can be gathered and reprocessed, encouraging sustainability and lessening environmental harm. As an illustration, PACK'D, a UK-based food and drink firm, unveiled its recyclable paper bags for packaging in November 2022. These bags boast a flexible paper film that acts as a green substitute to conventional plastic. They are crafted for effortless disposal, supporting the company's promise to decrease plastic consumption. Notably, the crushable nature of these bags not only takes care of storage issues, especially in full freezers, but also demonstrates versatility. In essence, these recyclable paper bags underscore practicality, eco-consciousness and inventive packaging.
Which Segments in the Paper Bag Market Offer the Most Profit Potential?
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, Super markets Or Hyper markets, Specialty Stores, E-Commerce, Other Distribution Channels
5) By End-User: Food And Beverages, Pharmaceutical, Retail, Construction, Chemicals, Other End-Users
Subsegments:
1) By Flat Bottom Bags: Kraft Flat Bottom Bags, Colored Flat Bottom Bags
2) By Pinched Bottom Bags: Kraft Pinched Bottom Bags, Colored Pinched Bottom Bags
3) By Sewn Open Mouth Bags: Kraft Sewn Open Mouth Bags, Colored Sewn Open Mouth Bags
4) By Pasted Valve Bags: Kraft Pasted Valve Bags, Colored Pasted Valve Bags
5) By Other Types: Recyclable Paper Bags, Biodegradable Paper Bags, Custom Printed Paper Bags
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Which Firms Dominate the Paper Bag Market by Market Share and Revenue in 2025?
Major companies operating in the paper bag market include International Paper Company, WestRock Company, Smurfit Kappa Group plc, Oji Holdings Corporation, Mondi plc, Sonoco Products Company, Visy Industries Pty Ltd, Novolex Holdings LLC, Genpak LLC, Ronpak Inc., Champion Packaging & Distribution Inc., Paperbag Limited, Packaging Pro Inc., Bagcraft Packaging LLC, International Converter Inc., Global-Pak Inc., Burgass Carrier Bags Ltd., CEE Schisler Packaging Solutions LLC, Gilchrist Bag Manufacturing LLC, American Paper Bag LLC, Paperera de Girona SA, Ampac Holdings LLC, Emerald Packaging Inc.
Which Regions Offer the Highest Growth Potential in the Paper Bag Market?
North America was the largest region in the paper bags market in 2024. Asia-pacific is expected to be the fastest-growing region in the global paper bag market report during the forecast period. The regions covered in the paper bag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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