Paper Bags are lightweight, non-toxic, biodegradable, and recyclable. They are widely used in different industries like foods and beverages, retail markets, chemicals, etc. Also, they do not cause any harm to the environment. They are available in different sizes and designs. Further, growing modernization, increasing individual income, and rapidly changing lifestyles are augmenting the growth in the global market. Paper bags have become a part of our lives. Increasing consumerism and the retail market have led to the boom in the market during the forecast period. Due to the government policies regarding the ban on plastic bags due to environmental concerns, the market for paper bags is likely to surge. Also, these bags are very cheap in price so anyone can afford them. For Instance: After the introduction of the legislation of ban on plastic bags in 2019, plastic bag distribution in grocery stores fell on average by 70 percent, which avoided the use of 40 billion plastic bags. Within seven years, the number of bags used by shopping malls and supermarkets reduced by two-thirds. As a result paper bags will be used as an alternative. This will lead to growth in the market of paper bags. However, the recent COVID-19 outbreak has hugely affected key end-users of paper bags such as retail, food, beverages, and others impeding the growth of the market over the forecast period of 2020-2027. Rising environmental concerns and industrialization will lead to growth in the paper bags market.
Global Paper Bags Market is valued approximately at USD 6.1 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2021-2027 and is estimated to reach USD 8.14 billion by 2027.
The regional analysis of the global market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific is the leading/significant region across the world in terms of market share owing to the abundant availability of raw materials and easily available labor. Whereas, North America is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising environmental concerns and consumerism would create lucrative growth prospects for the market across the Asia-Pacific region.
Major market players included in this report are Smurfit Kappa Group Plc, International Paper Company, Novolex Holdings, Inc., Ronpak, Welton Bibby And Baron Limited, El Dorado Packaging, Inc., Langston Companies, Inc., United Bags, Inc., Genpak Flexible, and Global-Pak, Inc.
The detailed segments and sub-segment of the market are explained below:
By product type: Sewn Open Mouth, Pinched Bottom, Open Mouth, Pasted Valve, Pasted Open Mouth, Flat Bottom
By material type: Brown Kraft, White Kraft
By End Use: Agriculture & Allied Industries, Building & Cons, Food & Beverage, Retail, others
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