Paper Bags Market Size, Share, Industry Overview, Trends, Latest Insights and Forecast 2023-2028

The Paper Bags Market is expected to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.64% during 2023-2028.

ST. BROOKLYN, NY, USA, February 9, 2023 /EINPresswire.com/ -- 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.

Paper bags are flexible packaging products that are used by consumers to carry and store goods conveniently. They are mostly manufactured utilizing recycled, kraft, and parchment paper and are available in several product types, such as sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom, etc. Paper bags are recyclable, lightweight, durable, and highly customizable according to the specific requirement as compared to their plastic counterparts. Consequently, they find extensive applications across various sectors, including food and beverages (F&B), pharmaceutical, retail, construction, chemicals, etc.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/paper-bags-market/requestsample

Paper Bags Market Trends:

The expanding retail industry and the shifting consumer preferences toward biodegradable and eco-friendly packaging products are among the key factors driving the paper bags market. In addition to this, the increasing need for consumer goods and the growing establishment of shopping malls, complexes, and retail outlets in both rural and urban areas across countries are acting as significant growth-inducing factors. Besides this, the escalating demand for specialized packages coated with food-grade liners in the F&B segment to pack processed food products to keep them fresh over an extended period is also positively influencing the market growth. Moreover, the development of numerous innovative products with improved designs employing technologically advanced manufacturing processes and the rising product employment in the construction segment to package cement and other building materials are further stimulating the global market. Apart from this, the launch of waterproof non-tear paper bags and the emerging trend of using social platforms to raise environmental awareness among individuals about the advantages of packaging solutions are expected to propel the paper bags market over the forecasted period.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=2095&method=1

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:

• American Packaging Corporation
• Kent Paper & Packaging Supplies
• El Dorado
• International Paper
• Paperbags Ltd.
• Gilchrist Bag Manufacturing LLC
• Novolex Holdings LLC
• Grupo Consist S.A.
• B & H Bag Company
• Smurfit Kappa Group

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:

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

Breakup by Material Type:

• Brown Kraft
• White Kraft

Breakup by Thickness:

• 1 Ply
• 2 Ply
• 3 Ply
• > 3 Ply

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End-Use Industry:

• Food and Beverages
• Pharmaceutical
• Retail
• Construction
• Chemicals
• Others

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/request?type=report&id=2095&flag=C

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:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

𝗕𝗿𝗼𝘄𝘀𝗲 𝗠𝗼𝗿𝗲 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

Print Advertising Market

Paper Packaging Market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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