Paper Bags Market Set for Rapid Growth And Trend, by 2027
Paper Bags Market: Dynamics
Changing life style along with increase in per capita income in the developing regions boosts the consumption of wide range of products, which in turn drives the demand for the paper based packaging of these products. Increasing demand for convenient, smaller pack sizes, and growing consumption of cosmetic & personal care products further fuels the growth in the paper bags market. According to an independent study, the demand for paper bags market is expected to exceed supply in coming years owing to increasing consciousness about nature safety, as more and more consumer are switching from plastic bags to paper bags. In addition, the paper industries are further expected to increase the investment in paper bags packaging due to rising demand among consumer. Paper bags are cost effective, easy to form, easy to use, and very easily recyclable, and these features grab the attention of manufacturers and consumers towards paper bags packaging style.
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Paper Bags Market: Segmentation
The global paper bags market can be segmented on the basis of product type, application and region. On the basis of product type global paper bags market can be segmented into block bottom paper bags, paper carry bags, checkout paper bags, confectionery paper bags, and others. On the basis of application global paper bags market can be segmented into foods, pharmaceuticals, customer goods, stationary and confectionary, cosmetics and personal use products, home care products and others. Among application, fresh vegetable and bakery product are ideal for paper bags packaging. On the basis of region global paper bags market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.
Paper Bags Market: Regional Overview
The global paper bags market is projected to grow at a healthy CAGR over the forecast period. Asia Pacific is expected to witness the maximum growth driven by rise in the manufacturing activities in the developing economies like India and China. The growth in retail packaging in these developing economies also contributes to the growth in the paper bags market. North America is expected to witness an average growth in the paper bags market, as paper bags packaging represents the largest market share of paper industry and about large number of the paper bags recovered in the US are used to produce paper based packaging which is the material used for packaging. A large amount of recovered papers in the U.S. are also exported to China, while the rest are used to produce other paper bags such as boxboards, which includes folding boxes.
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Paper Bags Market: Key Players
The main player of global paper bags market are international papers,Stanpac, Kent paper, Biopac, Genpak, Bemis Company Incorporated, Berry Plastics Corporation, Novolex and Linpac Packaging Limited.
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