Global Paper Bag Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global paper bag market in its upcoming report titled, “Global Paper Bag Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global paper bag market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global paper bag market report has been segmented on the basis of product application, type and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Paper bags are usually made of kraft paper and are commonly used as shopping bags. Paper bags are usually made of paper pulp or at times they can be produced from recycled paper. Paper bags are better alternatives to non-disposable plastic bags, owing to increasing environmental concerns associated with use of plastic bags on a large scale globally. Availability of paper bags in different shapes, color, and sizes makes it convenient for consumers to use as per the requirement.
The United Nations Environment Program (UNEP) launched a global campaign to increase awareness regarding disadvantages of using micro plastics and to prevent its excessive usage, owing increasing environmental concerns and rising water pollution due to use of plastics across the globe. Paper bags are eco-friendly, degradable and recyclable which favors it usage as compared to plastic bags. In addition, paper bags are cost effective, helps to carry, preserve and shield various goods. These features of paper bags make them advisable product in the global market.
Rising adoption of paper bags in grocery and departmental stores, highly functional retail market, and changing attitude towards protection of the environment are the major driving factors of the global paper bag market. Global market is expected to witness significant growth, owing to rising demand of paper bags among end users. In addition, stringent government rules regarding banning of plastic bags in developed and developing economies is another factor supporting growth of the target market.
However, easy tear and wear-out property of paper bags can restrain growth of the global market. Furthermore, non-availability of handle support in paper bags and inability to carry heavy goods may hamper growth of the target market.
Development of waterproof non-tear paper bags and use of social platforms to increase environmental awareness among individuals regarding benefits of paper bags can create high revenue opportunities for target players in the market.
The market in Asia Pacific region accounts for highest market share in terms of revenue and is expected to maintain its dominancy over the near forecast period, owing to rising awareness about benefits of paper bags in individuals in the region. In addition, Asia Pacific region is expected to register fastest growth in terms of revenue owing to rising environmental concerns and stringent government regulations. The market in North America region is expected to account for second-highest share in terms of revenue over the forecast period, owing to stringent government regulations regarding use of plastic bags especially in the US and Canada.
Global paper bag Market Segmentation:
Segmentation by application:
- Customer Goods
- Cosmetics Products
Segmentation by product type:
- Paper carry bags
- Block bottom paper bags
- Confectionery paper bags
- Check out paper bags
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- International Paper APPM Ltd.
- Novolex Holdings, Inc.
- LINPAC Packaging Limited
- Bemis Company, Inc.
- Berry Global, Inc.
- Biopac India Corporation Limited
- Genpak, LLC
- United bags Inc.
- Kent Paper Inc.
- Stanpac Inc.
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