According to IMARC Group’s latest report, titled “Paper Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global paper bags market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.64% during 2023-2028.
A Paper bag is a flexible packaging product that consumers use to store and carry goods conveniently. It is usually manufactured using recycled, Kraft, and parchment paper and is processed through numerous mechanical and chemical processes to achieve a certain weight and color. Some common types of paper bags are multiwall paper sacks, flat paper, and handled bags. Compared to plastic bags, these bags are recyclable, durable, lightweight, and highly customizable according to the specific requirement of individuals. On account of the increasing environmental consciousness, these bags are extensively used across several sectors, including food service.
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Paper Bags Market Trends:
The expanding retail sector and the shifting preference of the masses for biodegradable and eco-friendly packaging products are primarily augmenting the paper bags market. Furthermore, the elevating demand for consumer goods and the establishment of shopping malls, complexes, and retail outlets in rural and urban areas are positively influencing the global market. Apart from this, the increasing inclination toward packaged and processed food items is acting as another significant growth-inducing factor. Moreover, the widespread adoption of paper bags for packing edible products are coated with food-grade liners, which keeps the contents fresh over an extended period is also bolstering the market growth. Besides this, the rising product innovations aimed to improve the design and manufacturing processes are further catalyzing the global market. Additionally, the development of products with increased efficiency, reliability, and convenience by manufacturers is also driving the market growth. In addition to this, the growing construction sector, which uses these bags for packaging cement, the inflating urbanization levels, and the launch of favorable government policies are expected to drive the paper bags market in the coming years.
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Paper Bags Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paper bags market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global paper bags market on the basis of region, product type, material type, thickness, distribution channel and end-use industry.
Breakup by Product Type:
Breakup by Material Type:
Breakup by Thickness:
Breakup by Distribution Channel:
Breakup by End-Use Industry:
Breakup by Region:
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
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