Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.70 Billion | USD 11.13 Billion | 5.80% | 2023 |
The global paper bags market size was worth around USD 6.70 billion in 2023 and is predicted to grow to around USD 11.13 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.80% between 2024 and 2032.
The report covers a forecast and an analysis of the paper bags market on a global and regional level. The study provides historical data from 2018 to 2022 with a forecast from 2024 to 2032 based on both volume (Kilotons) and revenue (USD Billion).
A paper bag is made of paper, such as kraft paper. Paper bags are commonly used for packaging, shopping bags, and sacks. Recycled paper can also be used to produce paper bags, where certain laws are required for paper bags to have a minimum percentage of post-consumer recycled content.
The global paper bags market is expected to grow rapidly in the fut6ure, owing to the stringent regulations regarding plastic bags that are negatively affecting the environment across the globe. Moreover, the rising population in developing countries like China, India, and Brazil has propelled the demand for shopping, which, in turn, has increased the use of paper bags. Additionally, the increasing demand for cosmetics and personal care products is also expected to drive the paper bags market for these applications. However, the fluctuating product prices may hamper the paper bags market globally in the years ahead. Conversely, the increasing innovation in product design is estimated to create new opportunities for market growth in the future.
The study covers the key drivers and restraints of the paper bags market along with their impact on the market within the forecast period. Furthermore, the study also includes the opportunities accessible in the paper bags market on a global level.
In order to offer the users of this report, a comprehensive view of the paper bags market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the paper bags market has additionally been enclosed with the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.
The study also includes the market share of the key participant’s operating in the paper bags market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players in the market on a regional basis.
The study provides a crucial view of the paper bags market based on type, material type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By type segment of the paper bags market includes pasted open mouth, sewn open mouth, pinched bottom open mouth, flat bottom, pasted valve, and others. Pinched bottom open mouth paper bags accounted for the largest market share in 2018, followed by sewn open mouth bags. Pinched bottom open mouth bags are widely used for packaging across various industries.
Based on material type, the paper bags market is bifurcated into brown kraft and white kraft. Brown kraft is the dominating material type of the global paper bags market and is projected to show the highest growth rate over the forecast time period.
By end-user segment of the paper bags market is divided into agriculture and allied industries, building and construction, food and beverage, retail, chemicals, and others. The retail segment is the largest consumer of paper bags, due to the growing number of retailers across the globe.
Report Attributes | Report Details |
---|---|
Report Name | Paper Bags Market Size Report |
Market Size in 2023 | USD 6.70 Billion |
Market Forecast in 2032 | USD 11.13 Billion |
Compound Annual Growth Rate | CAGR of 5.80% |
Number of Pages | 110 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Langston Companies, Novolex Holdings, Smurfit Kappa Group, Global-Pak, Ronpak, United Bags, El Dorado Packaging, International Paper Company, Genpak Flexible, JohnPac, Paperbags Limited, The Mondi Group, and York Paper Company Limited. |
Segments Covered | By Type, By Material Type, By end-user, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The North American paper bags market dominated globally in 2023. This regional dominance can be attributed to the region’s growing food and beverage industry. The Asia Pacific region was the second largest paper bags market globally in 2023 and is projected to be the fastest growing regional market in the future.
Some key players of the global paper bags market are:
Global Paper Bags Market: Type Analysis
Global Paper Bags Market: Material Type Analysis
Global Paper Bags Market: End-User Analysis
Global Paper Bags Market: Regional Analysis
FrequentlyAsked Questions
A paper bag is made of paper, such as kraft paper. Paper bags are commonly used for packaging, shopping bags, and sacks.
According to study, the global paper bags market size was worth around USD 6.70 billion in 2023 and is predicted to grow to around USD 11.13 billion by 2032.
The CAGR value of paper bags market is expected to be around 5.80% during 2024-2032.
North America has been leading the global paper bags market and is anticipated to continue on the dominant position in the years to come.
The global paper bags market is led by players like Langston Companies, Novolex Holdings, Smurfit Kappa Group, Global-Pak, Ronpak, United Bags, El Dorado Packaging, International Paper Company, Genpak Flexible, JohnPac, Paperbags Limited, The Mondi Group, and York Paper Company Limited.
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