Paper Bag Market Is All Set To Reach US$ 7.3 Bn During 2022-2030 With CAGR Of 4.1%



The global paper
bags market is there to witness steadiness in the form
of a CAGR off 4.1% between 2022 and 2030. It is all set to
reach US$ 7.3 Bn during this period.The research from FMI
provides a comprehensive picture of the paper bag market. It
includes data on the market’s growth potential, as well as
growth drivers and restraints.

The market for paper
bags is expected to grow exponentially, according to a new
analysis by Future Market Insights (FMI), driven by a
growing focus on environmentally friendly and sustainable
packaging options. Paper bags are lightweight,
biodegradable, and economical. They are also believed to be
more environmentally friendly than plastic equivalents due
to their inherent qualities.

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Report@ 
https://www.futuremarketinsights.com/reports/sample/rep-gb-2765

Paper
bag usage has been steadily increasing in industries
including agriculture, construction, and others. As a
result, between 2022 and 2030, the market for paper bags is
expected to grow at a CAGR of 4.1 percent

Paper bags
are commonly used in the packaging of food, beverages, and
other high-end products since they are non-reactive. As a
result, the expansion of these industries will benefit the
whole market.

The following are some of the
significant takeaways from the
report:

  1. Paper bags with a pinched bottom
    and an open mouth will continue to be popular.
  2. Brown
    kraft will continue to be the most popular material for
    creating paper bags.
  3. Paper bags with a thickness of
    2 ply are expected to be in great demand as a disposable
    packaging solution.
  4. Paper bags are expected to be in
    great demand in the retail business.
  5. In APEJ, demand
    for paper bags is likely to
    increase.

Paper bags are
becoming more popular as a more environmentally friendly
alternative to single-use plastic bags. Paper bag sales are
likely to increase as governments throughout the world limit
the use of polythene bags and other plastic products. Some
of the market’s most powerful players see this as a
lucrative opportunity. “Some have even produced paper bags
made from wastes like discarded newspaper to stand out in a
crowded market,” says an FMI
analyst.

COVID-19 Impact
Assessment

The expected growth of the paper
bag business has been hampered by the advent of new
coronavirus. During extended periods of lockdown, the market
had suffered with lack of raw materials, non-operational
supply chains, shutting down of logistics facilities, and
unavailability of workers, among other reasons. The major
market participants, on the other hand, are working hard to
improve their infrastructure in order to continue producing
high-quality goods.

Who is the
victor?

  • Top Key Players
    Coverd
  • International Paper Company
  • Novolex
    Holdings, Inc.
  • Ronpak
  • Welton Bibby And Baron
    Limited
  • El Dorado Packaging, Inc.
  • Langston
    Companies, Inc.
  • United Bags, Inc.
  • Genpak
    Flexible
  • Global-Pak, Inc.
  • York Paper Company
    Limited
  • Paperbags Limited
  • JohnPac
    Inc.
  • WestRock Company   
     

In the future years, competition in the
paper bag market is expected to heat up. As a result,
companies are increasingly relying on recycled resources
when producing high-quality paper bags. Some companies are
actively pushing for product launches in order to obtain a
competitive advantage.

For example, RonPak recently
developed a comprehensive range of paper bag goods with SQF
certification and made with optical brightener with black
light detection of glue, such as carry out, pinch-bottom,
wraps, and others.

In the current year, JohnPac
introduced their exclusive multi-wall paper bags in a
variety of styles, including sewn open mouth, self-opening
sack, pinch bottom open mouth, sewn valve, pasted valve
stepped end, and others.

More Valuable
Insights on Paper Bags Market

In its latest
report, Future Market Insights offer a detailed and unbiased
analysis of the global paper bags market. It provides
historical data for the period of 2015-2021 and forecast
statistics for the period of 2022-2030. In order to
understand the global market potential, its growth and
scopes, the market is segmented on the basis of product type
(sewn open mouth, pinched bottom open mouth, pasted valve,
pasted open mouth, flat bottom), material type ( brown
kraft, white kraft), thickness (3 ply), end use ( agriculture & allied industries,
building & cons, food & beverage, retail, chemicals,
others), across six major regions (North America, APEJ,
Western Europe, Eastern Europe, Latin America, MEA, and
Japan).

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Explore
FMI’s Extensive ongoing Coverage on
Packaging

Protective
Packaging Market–The protective packaging Market
demand remains positive with the market forecast to rise at
a CAGR of 4.8% from 2021 –
2031

Garbage
Bag Market–High-performance characteristics and
excellent tensile strength are anticipated to increase the
market share of HDPE garbage bags. This segment accounted
for a revenue share of close to 30% in the garbage bag
market in Europe in 2016 and is likely to gain more than 100
basis points by 2026.

Micro
Perforated Films Packaging Market–Changing lifestyle
and urbanization have contributed to an increase in demand
for food packaging which has led to the expansion of global
micro perforated films packaging
market. 

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Us
 

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