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Paper Bag Market Growth Accelerates: Strategic Forecast Predicts $8.27 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.What Will the Paper Bag Industry Market Size Be by 2025?
The paper bag market has grown steadily in recent years. It will move from $6.14 billion in 2024 to $6.43 billion in 2025, with a CAGR of 4.8%. Historic growth came from environmental regulations, lifestyle changes, packaging and retail demand, raw material supply, and CSR-based branding.
What's the Long-Term Growth Forecast for the Paper Bag Market Size Through 2029?
A robust upward trajectory is anticipated for the paper bag market over the coming years, with a projection to burgeon to $8.27 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.5%. This surge during the forecast period is attributed to factors such as the circular economy and recycling infrastructure, the boom in e-commerce, global packaging rules, increased consumer enlightenment, and the resilience of the supply chain. Key trends expected throughout the forecast timespan encompass innovations in design and utility, technological strides in production, brand persona, and corporate social responsibility (CSR), alongside a focus on lightweight yet robust materials for manufacturing.
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What Are the Key Growth Drivers Fueling the Paper Bag Market Expansion?
The growth of the paper bag market is projected to be fueled by the rising prevalence of online food delivery services. These services, facilitated by online third-party platforms, deliver approved food products. As an adaptable and environmentally-friendly packaging solution, paper bags offer a multitude of advantages to such services, including opportunities for branding, resistivity to moisture, capacity for heat retention, and an eco-friendly alternative to plastic bags among other packaging solutions. For instance, Zomato Ltd., a food delivery company based in India, reported in July 2022 that it had processed 535 million orders in fiscal year 2022. This represented a hefty 124% increase from FY21. Consequently, the rise in online food delivery services is propelling the growth of the paper bag industry.
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What Are the Key Trends Driving Paper Bag Market Growth?
Major operators in the paper bag sector, such as the UK-based food and drink firm, PACK'D, are driving innovation by creating new offerings like recyclable paper bags to enhance their market competitiveness. Designed from paper that's recyclable, these eco-friendly bags can be gathered and reprocessed to foster a sustainable cycle and lessen environmental harm. In November 2022, for example, PACK'D introduced these recyclable paper bags as part of their packaging strategy. These bags, encased in a flexible paper film, serve as an environmentally-sensitive alternative to conventional plastic. Designed for convenient disposal, the bags align with the company's commitment to cut down on plastic use. Their easy-to-crumple design addresses storage issues, especially in crowded freezers, highlighting their flexibility. In conclusion, the recyclable paper bags underscore practicality, sustainability, and innovative approaches to packaging.
How Is the Paper Bag Market Segmented?
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
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 Companies Are Leading the Charge in Paper Bag Market Innovation?
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 Are Leading the Global Paper Bag Market in Revenue?
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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