Paper Bags Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Key Market Insights

Increase the use of paper bags and a ban on the use of plastic will spur the market revenue growth

The global paper bags market accounted for US$ 4.8 Bn in 2018 and is anticipated to grow to US$ 7.3 Bn growing at a CAGR of 4.6% during the forecast period from 2019 to 2027.

Constantly expanding interest for paper bags from retail division because of solid development in the retail sector combined with changing the inclination of buyers towards biodegradable packaging are factors multiplying the interest in the paper bags market. Due to changing administrative guidelines worldwide, restriction on single-use plastics and expanding pattern for feasible packaging solutions are factors further supporting the paper bags market growth. For example, in 2015, The European government passed a mandate 94/62/EC for the utilization of plastic bags which thusly constrained retailers to change from plastic bags to paper bags. Moreover, the rising interest in on-the-go retail food is one of the variables driving the paper bags market. Aside from this, the recyclability of paper and advancement in the packaging business has permitted organizations to innovate their products. Furthermore, rapid urbanization, increasing per capita income, and quickly changing lifestyles are proliferating the market.

Grade Analysis

Multi-Wall Paper Bag to dominate the market throughout the forecast period

Based on the product, the paper bags market is further classified into flat paper bags, multi-wall paper bags, and others. The multi-wall paper bags segment dominated the market with more than 45% of the market share. This is due to the benefits offered by these bags including strong, and durable among others. Multi-wall paper bags can further be classified into paste vale bags, sewn open mouth bags, and pinch bottom open mouth bags among others.

In contrast, the flat paper bags segment is expected to witness the highest growth during the forecast period. This is due to these bags are commonly used for bakeries, groceries, cafes, and in the food & beverage industry. This is due to they are lightweight, reliable, recyclable, and cost-effective.

End-user Analysis

Retail segment expected to dominate the market during the forecast period

Based on the application the global paper bag market is segmented into food & beverage, pharmaceutical, retail, construction, chemicals, and others. The retail segment led the market and accounted for the major revenue share. This can be attributed to the rising demand for consumer goods and the increasing number of retail stores across the globe. Ban on single-use plastic has forced retailers to shift from using plastic bags to paper bags.

On the other hand, the construction segment is expected to witness the highest growth during the forecast period. This can be associated with the increasing usage of multi-wall kraft paper sacks cement packaging so as the demand for cement is increasing simultaneously the paper bags market will also proliferate.

Regional Analysis

Rising environmental concerns to bolster the growth in the Asia Pacific region

In 2018, the Asia Pacific region is leading the global paper bags market and accounted for more than 30% of revenue generated globally. This can be associated with, rising urbanization, bolstering the retail industry, and modernization in developing regions including China, and India among others. Additionally, the rising purchasing power, changing the lifestyle of the consumers, and preference for biodegradable products in the region are further fueling the market growth in the region.

In contrast, the North American region is trailing the Asia Pacific region and accounts for a share of more than 23% of the market. This growth can be associated with rising concerns towards sustainable packaging solutions and government initiatives in the region.

List of Companies Covered:

• DS Smith Plc
• National Paper Products Company
• WestRock Company.
• Oji Holdings Corporation
• Holmen Group.
• International Paper Company
• Hotpack Packaging Industries LLC
• Paper Works Industries
• Paper Sacks Factory
• Kappa Group plc.
• Sappi Limited

Key Industry Development:

In March 2019, Sappi Limited announced the commercialization of two new packaging products Proto and Spectro. These products have high-quality print capabilities and consistency.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall Paper Bags market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the paper bags market and valuable opportunities for emerging players?
• Estimated forecast and market projections up to 2027
• Which segment accounts for the fastest CAGR during the forecast period?
• Which application segment holds a larger market share and why?
• Are low and middle-income economies investing in the paper bags market?
• Which is the largest regional market for paper bags?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• The worldwide market value of the Paper Bags market in 2017 and 2018Which are the key trends driving the global paper bags market growth?
• Who are the leading service providers in the paper bags market worldwide?

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