The latest “Market Research Future” report pointed out that during the forecast period (2020-2027), the global paper bag packaging market is expected to grow at a compound annual growth rate of 4.3%. In short, paper bag packaging is a form of packaging made of flexible paper that can be used in all walks of life. They are made of kraft paper or sack paper and have a wide range of uses. These bags provide customers with a sustainable option, making it easy for them to take home purchased goods. Paper bags are lightweight, durable, and customizable to meet the specific needs of products and customers. There are different types, such as bags with handles, flat paper bags, multi-wallpaper bags, etc. They have a wide range of applications in different industries such as chemistry, construction, retail, pharmaceuticals, food and beverages.
Functions to enhance market growth According to the MRFR report, there are many factors driving the growth of the paper bag packaging market. Some of these needs include increased consumption of processed foods and packaged foods, increasing concerns about marine animals and environmental safety, and consumer awareness of the threat of plastic waste disposal to the environment. Paper bags are a cheaper and safer form of plastic. Alternatives to shopping bags, the rise of shopping centers, supermarkets/hypermarkets, modern lifestyles, the rising preference for home delivery, the growth of the retail industry, various government support measures and increasing awareness of the benefits of paper bags, For example, it is easy to recycle, easy to use, easy to form and cost-effective. Other factors that increase market growth include its wide application in different end-use industries, such as cosmetics, home care products, personal use, food, confectionery, stationery, pharmaceuticals, and consumer goods.
On the contrary, fluctuations in raw material costs may hinder the growth of the global paper bag packaging market during the forecast period.
COVID-19 analysis The ongoing COVID-19 pandemic has severely affected the major end users of paper bags, such as beverages, food and retail. Therefore, the demand for the paper bag packaging market is declining. In addition, due to blockades and social distancing, market growth has declined, hindering product manufacturing. In addition, the overall supply chain disruption, difficulty in sourcing raw materials due to transportation restrictions, and labor shortages have created obstacles to market growth.
The market segmentation MRFR report focuses on a comprehensive analysis of the paper bag packaging market based on applications and products.
Divided by product, the paper bag packaging market is subdivided into multi-wallpaper bags and flat paper bags. Among them, the multi-wallpaper sacks market will lead the market during the forecast period.
Through applications, the global paper bag packaging market is segmented into chemicals, construction, retail, pharmaceuticals, food and beverages, etc. Among them, the retail sector will dominate the market during the forecast period. Regional takeaway
North America will maintain a leading position in the paper bag packaging market. Geographically, the global paper bag packaging market is divided into Europe, North America, Asia Pacific and Rest of the World (RoW). Among them, during the forecast period, North America will still be the forerunner in the market. The growing demand for packaged food, the increasing preference for hygienic packaging, the rapid growth of the pharmaceutical industry, the increasing concerns related to environmental damage caused by plastic waste, and the surge in sales recorded through retail departments, supermarkets and hypermarkets, These factors have contributed to the growth of the global paper bag packaging market in this region. The United States has the largest market share.
Europe will occupy the second largest share of the paper bag packaging market. Europe is expected to occupy the second largest share of the global paper bag packaging market during the forecast period. Innovation and development of personal care, beauty products and hygiene technology, increasing concern for sustainability, increasing demand for easy-to-transport and lightweight consumer-friendly products, and expanding food and beverage and retail industries in Spain and Germany The growing demand for the French is driving the growth of the global paper bag packaging market in the region. Germany has the largest market share.
The paper bag packaging market in the Asia-Pacific region is expected to grow in the Asia-Pacific region, and the global paper bag packaging market is expected to grow during the forecast period. The packaging industry is booming, industrial development, urban population growth in developing countries, China’s rapid industrial development and urbanization, convenient labor, abundant supply of raw materials, continuous expansion of retail and agricultural industries in India and China, and demand for sustainable development The growing number of affordable packaging solutions and rapid modernization have increased the growth of the global paper bag packaging market in the region. Indonesia, Australia, India, Japan and China have the largest market shares.
In RoW, the global paper bag packaging market is expected to maintain good growth during the forecast period.
Major players The major players mentioned in the global paper bag packaging market report include Hood Packaging (Canada), Paper Bag Factory (UAE), Novox (USA), United Bag Company (USA), Holmen Group (Sweden) ), Georgia-Pacific LLC. (United States), OJI Holding Corporation (Japan), WestRock Corporation (United States), DS Smith Plc. (UK), Ronpak (USA), B&H Bag Company (USA), Smurfit Kappa Group PLC. (Ireland), International Paper Company (USA), Hotpack Packaging Industries Co., Ltd. (Dubai) and National Paper Products Company (Saudi Arabia), etc.
The global paper bag packaging market is fragmented and has a competitive advantage with the participation of many domestic and international industry participants. They have adopted various strategies to maintain their leading position and also meet the growing needs of their customers, including cooperation, partnerships, contracts, geographic expansion, new product launches, joint ventures, and more. In addition, these companies are also investing a lot of money in research and development activities to strengthen their product portfolios and gain a foothold in the market.
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Post time: Aug-28-2021