Increased Adoption of Paper Bags in Retail and Foodservice Industries to Drive Market Growth 2023 to 2033

The paper bags market is a rapidly growing industry due to increased environmental awareness and regulations against plastic bags. Paper bags are an eco-friendly alternative to single-use plastic bags and are widely used for packaging various products such as groceries, clothing, and electronics.

In 2023, the market for paper bags is projected to be worth US$5.4 billion. By 2033, its estimated worth will be US$ 8.2 billion. The global market is anticipated to grow at a CAGR of about 4.1% from 2023 to 2033.

For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2765

The market for paper bags is segmented into different types such as flat paper bags, gusseted paper bags, and paper bags with handles. Flat paper bags are the most commonly used bags and are suitable for carrying lightweight products. Gusseted paper bags are designed to carry heavier products, and paper bags with handles provide more convenience for customers.

The demand for paper bags has increased due to the growing trend of eco-friendly packaging solutions. Paper bags are made from renewable resources, biodegradable, and recyclable. They do not pose a threat to wildlife and the environment compared to plastic bags, which take hundreds of years to degrade.

The paper bags market is also driven by the rise of e-commerce and online shopping. Online retailers use paper bags as an eco-friendly alternative to plastic bags for packaging and delivering products to customers. Additionally, the food industry is also a major market for paper bags, as they are used for packaging food items like baked goods, fruits, and vegetables.

Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-2765

The Asia Pacific region dominates the paper bags market due to the presence of major paper manufacturers and low manufacturing costs. Countries such as China, India, and Japan are major producers of paper bags. Europe and North America are also significant markets for paper bags due to increasing consumer demand for eco-friendly packaging solutions.

In conclusion, the paper bags market is expected to witness significant growth in the coming years due to the increasing demand for eco-friendly packaging solutions. Paper bags are a sustainable and viable alternative to plastic bags, and their demand is likely to increase due to the growing trend of e-commerce and online shopping.

Key Takeaways of Paper Bags Market Study

• By material type, the brown kraft segment is expected to hold more than 3/4thvalue share in the global paper bags market.
• By product, the sewn open mouth segment is likely to register a CAGR of 3.5% over the forecast period in the global paper bags market.
• By thickness, the < 2 ply segment is expected to expand at a CAGR of 4.5% in next ten years in the global paper bags market.
• Western Europe is estimated to capture around1/4thof the paper bags market share in the assessment period.
• India paper bags market is projected to showcase considerable growth at a CAGR of 6.0% in the next ten years.

Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2765

Competitive Landscape

By increasing their manufacturing capabilities to meet the soaring demand, big businesses in the global paper bags industry hope to enhance sales and revenues. To strengthen their resources, renowned players are also seeking to execute the merger and acquisition strategy. In order to accommodate the increasing demand, a few other firms are creating different products.

Here are a few recent significant moves made by leading players:

• In December 2022, Mondi plc., a leader in environmentally friendly paper and packaging, opened a US$ 18 million greenfield facilities in Morocco. This facility has the capacity to produce about 100 million paper bags annually.
• In November 2022, a bag-in-box packaging plant, Pusa Pack S.L., was acquired by Smurfit Kappa plc. Pusa Pack S.L. produces high quality flexible bags with a large capacity. With this acquisition, the company hopes to enhance its reputation in the flexible packaging sector.

Key Players:

• Mondi Plc
• Smurfit Kappa Group Plc
• International Paper Company
• Novolex Holdings, Inc.
• Ronpak
• Welton Bibby And Baron Limited
• Prompac LLC.

Paper Bags Market Outlook by Category

By Product:

• Sewn Open Mouth
• Pinched Bottom Open Mouth
• Pasted Valve
• Pasted Open Mouth
• Flat Bottom

By Material Type:

• Brown Kraft
• White Kraft

By Thickness:

• 1 ply
• 2 ply
• 3 ply
• > 3 ply

By End Use:

• Agriculture & Allied Industries
• Building & Construction
• Food & Beverage
• Retail
• Chemicals
• Others

By Region:

• North America
• Asia Pacific excluding Japan
• Western Europe
• Eastern Europe
• Latin America
• Middle East and Africa
• Japan

 About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

Contact Us:

Future Market Insights Inc.

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com   

Browse all Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

The post Increased Adoption of Paper Bags in Retail and Foodservice Industries to Drive Market Growth 2023 to 2033 appeared first on Future Market Insights.