Global Paper Hand Bag Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Paper Hand Bag Market Overview

The global Paper Hand Bag market was valued at US$ XX Bn in 2020 and is projected to register а САGR of XX% by 2031.

The paper handbag is a fabric or leather purse coated with waxed paper, typically brown. The paper bag is fashionable and functional because the material is waterproof. Though many fashion trends come and go, the paper bag has continued to be famous for years.

Paper bags are one of the most popular items in grocery stores. They are used to keep fresh and protect fruits from bruising. Paper bags are usually made of recycled paper with a thin layer of plastic inside to prevent tearing or leaking. The most common materials used for paper handbags are cotton, linen, and hemp.

These materials can be mixed with other materials to produce a more durable design. For instance, a paper handbag made from cowhide is more durable than a paper handbag made from cotton. In addition to how it is made, the material also affects the versatility of the paper handbag.

Nonetheless, various industry players in the global paper handbag market are now increasingly focusing on establishing successful partnerships, acquisitions, and/or joint ventures as a means to strengthen their respective customer bases in fast-growing economies. These players are also improving their supply capabilities to meet customer needs both locally and globally.

This factor, coupled with the industrialization prospects of developing economies in the Asia-Pacific region such as China, India, Taiwan, and Indonesia, is expected to create a large number of business opportunities for major players during the forecast period.

How Is The Demand For Paper Hand Bag Increasing?

The paper handbag is not a new invention. The first paper handbags were introduced in the late 1800s, but they were rare because paper was not easy to mass produce. Now the demand for paper handbags is on the rise with customers preferring them to plastic bags due to environmental concerns. Unlike plastic bags, paper bags are biodegradable and won't create more waste in landfills or be harmful to wildlife if they get into the environment. Bag production is a major resource-intensive process with a significant environmental impact. Although paper bags may not be as durable as their plastic counterparts, they have the advantage of being reusable.

Major companies are now focusing on adopting multiple policies to expand their businesses globally. The policy may be in the form of strategic mergers and acquisitions, joint ventures, and cooperation with other companies. This is usually to develop new products and expand existing product portfolios in order to maintain or improve their respective market positions. This is another major factor that is expected to further improve the financial development of this industry in the next few years.

Global Paper Consumption by Category

 

The Top Ten Pulp and Paper Producing Countries in the World

Country
China
United States
Japan
Germany
Canada
South Korea
Finland
Sweden
Brazil
Indonesia

Global Import-Export Data of Kraft paper and paperboard, coated on one or both sides Under  HS Code 481XXX 

Year	Import		Export
	Value (US$ ‘000)	Quantities (Tons)	Value (US$ ‘000)	Quantities (Tons)
2020	XX	XX	XX	XX
2019	955564	1088395	600349	564494
2018	XX	XX	XX	XX
2017	XX	XX	XX	XX
2016	XX	XX	XX	XX
2015	XX	XX	XX	XX

  

COVID-19 impact on the Paper Hand Bag Market

The outbreak of COVID-19 pandemic has brought a negative impact on almost every industry. Strong disruptions in the global supply chain of raw materials, intermediates, and end-products have been felt across the globe. Paper companies were faced with a shortage of raw materials and an increase in demand that they couldn't keep up with. This led to mills being forced to close, leaving many locals out of work. The recycling industry that provides plastic and cardboard packaging materials has been severely disrupted. This had led to price fluctuations and sudden shortages of raw materials, as well as end-products. Moreover, halts in production and trade activities led to a muted supply of these products for a certain period during the initial lockdown.

Paper Hand Bag Market Dynamics

The global paper hand bag market is segmented based on product type, usage, end-use industry and regions. The market is further categorized based on region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is expected to have the largest market share of the market.  This is attributed to booming population figures resulting in increased packaging need and fast-growing packaging and paper industries which is anticipated to boost the paper hand bag market growth in this region.

Competitive Landscape

Leading players operating in the Paper Hand Bag market includes:

• United Bags, Inc.
• International Paper Company
• El Dorado Packaging, Inc
• JohnPac Inc
• Welton Bibby And Baron Limited
• C-P Flexible Packaging
• Novolex Holdings, Inc
• Smurfit Kappa Group
• Ronpak
• The Mondi Group plc
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Paper Hand Bag Market, By Product Type

• Kraft Paper
• Coated Paper
• White Cardboard
• Offset Paper

Paper Hand Bag Market, By Usage

• Single-use
• Reusable

Paper Hand Bag Market, By End-Use Industry

• Food and Beverages
• Retail
• Pharmaceutical
• Other End-Use Industries