Global Paper Bag Market 2022-2028

Global Paper Bag Market 2022-2028

Global Paper Bag Market Size, Share & Trends Analysis Report by Material Type (Brown Kraft and White Kraft), by Product Type (Open Mouth, Pasted Valve, and Flat Bottom), and by Application (Pharmaceutical, Food and Confectionery, Consumer Goods, Agriculture, and Others) Forecast Period (2022-2028)

The global paper bag market is anticipated to grow at a significant CAGR of 2.7% during the forecast period. Paper bags are an essential product in modern life, as consumers prefer paper bags over plastic bags concerning environmental issues. It is a cost-effective and multi-purpose solution to shield, protect, store, and carry various kinds of goods. These are eco-friendly, recyclable, convenient, and available in various sizes, made up of a variety of kraft papers. Rising consumption of personal care products, increasing demand for small-size packaging, and convenience in handling are the primary factors to propel the expansion of the global paper bags market. Paper bags are broadly used in a broad range of applications, such as pharmaceuticals, stationery, consumer goods, food and confectionery, homecare products, agriculture, chemicals, cosmetics, and personal use, among others. Paper bags give branding more visibility and do not end up in a landfill. Furthermore, factors such as increasing per capita income, growth in the retail sector, growing modernization, growing demand for food & beverage packaging, and rapidly changing lifestyles are expected to fuel the growth of the market.

Impact of COVID-19 Pandemic on Global Paper Bag Market

The effect of the COVID-19 pandemic on the paper bag market can be seen in a rise in costs for products made in the US or imported from other countries. The surge in pricing is linked to a disrupted supply chain, which has raised both raw material costs and end-product transportation costs due to limited raw material availability caused by production halts and manpower shortages in developing countries. However, the market has risen in recent months as consumers have shifted their preferences toward eco-friendly paper bags to avoid plastic pollution. Microplastic exposure has been related to several diseases, with even low-toxicity particles causing sickness in vulnerable populations. Microplastic exposure has been linked to a variety of human malignancies, according to a growing body of evidence.

Segmental Outlook

The global paper bag market is segmented based on material type, product type, and applications. Based on the material type, the paper bag market is bifurcated into brown kraft and white kraft. Based on the product type, the paper bag market is segmented into an open mouth, pasted valve, and a flat bottom. Based on applications, the paper bags market is segmented as pharmaceutical, food and confectionery, consumer goods, agriculture, and others.

The Food and Confectionery Bag Segment is Expected to Hold a Prominent Share in the Global Paper Bag Market

The use of paper bags in the food and confectionery sector has been rising in the recent past. With the rise in population, per capita income, and changing lifestyles, the food industry has seen massive growth and will continue to experience this growth shortly. All these changes are contributing to the need for a safe food packaging solution and paper bags are a natural choice here as these are made from 100% renewable fiber that is extracted from the forest that is responsibly managed. Paper bags are resilient, strong, and food safe; thus, the food and confectionery segment is projected to register a lucrative growth in the market during the forecast period.

Regional Outlooks

The global paper bag market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.

The European Region is Anticipated to hold the Prominent Share in the Global Paper Bag Market

The European region is anticipated to hold a prominent share of the paper bag market owing to the increasing campaign and promotional activities organized by the government of the region. On October 18, the European Paper Bag Day was held for the third time in 2021. The annual action day promotes paper carrier bags as a sustainable and effective packaging choice that helps consumers prevent littering and reduce negative environmental impacts. The theme for 2021 was the reusability of paper bags. In addition, organizers ""The Paper Bag,"" Europe's leading kraft paper makers and paper bag producers, have developed a video series in which the reusability of a paper bag is tested and proved in many everyday circumstances.

Market Players Outlook

The major companies serving the global paper bag market include American Packaging Corp., AB Group Packaging, and Huhtamaki Oyj among others. The companies are focusing on product innovations, expansions, mergers & acquisitions, and finding a new market in their core competency to expand individual market share. For instance, in November 2021, AB Group Packaging launched a paper bag made of FibreForm in collaboration with BillerudKorsnas. The bag most likely contributes to a reduction in the usage of plastic throughout Europe. Tests have shown that one bag can endure the equivalent of 860 lifts carrying 16 kg, demonstrating the product's capacity to be used frequently. Its creators are sure that it can be used again in any weather conditions and with big shopping loads. The bags debuted in the UK, where reusable plastic bags are popular and paper bags are typically perceived as less environmentally friendly. AB Group Packaging, which has manufacturing facilities in Ireland, Spain, and the UK, would most likely offer the bags to additional European regions after that.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global paper bag market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.