Global Kraft Paper Bag Market Size, Trends, and Growth Opportunity, By Type (SOS (self-opening satchel) Type, Slider Zipper, Pinch & Seal, Pinch & Seal Zipper, Fold Top, Twist Tie), By Application (Fashion, Food & Beverages, Watches and Jewellery, Pharmac

Global Kraft Paper Bag Market Size, Trends, and Growth Opportunity, By Type (SOS (self-opening satchel) Type, Slider Zipper, Pinch & Seal, Pinch & Seal Zipper, Fold Top, Twist Tie), By Application (Fashion, Food & Beverages, Watches and Jewellery, Pharmaceuticals, Cosmetics & Personal Care, Other Consumer Goods), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.

Global Kraft Paper Bag Market

The global Kraft Paper Bag market was valued at USD 4,330.00 Million in 2022 and is expected to expand to USD 11,080.00 Million in 2030 at a CAGR of 11.24% during the forecast period 2023- 2030.

Bags that are made of high-quality paper which is sturdy and durable are kraft paper bags. It has a rough surface and natural brown colour.

Market Drivers

The large retailer has begun using paper carry bags since they are environmentally friendly and simple to recycle and reuse. Therefore, one of the key factors boosting market expansion throughout the projection period is the widespread adoption of Kraft paper bags.

Online food delivery services are gaining traction because they steer hot foods to the consumer's doorstep. Online food services are the main commercial user of paper bags because they use large, wider gussets bags to deliver foods such as cakes, pizza, and heavy meals to consumers' doorstep. Therefore, increasing the usage of paper bags in online food delivery services is boosting the market growth.

Market Restraints

Fluctuations in the price of raw materials such as cellulose fiber or wood pulp are due to the demand-supply gap, which is expected to impact the paper bags market growth negatively. This factor leads to a significant reduction in the profit margin of the manufacturers in the folding carton market which may act as the challenge for the market growth during the forecast period.

Stringent regulations and rules toward deforestation in all regions have negatively affected the paper bag market growth. As a result, producers face many problems for raw materials and cannot import and export the finished products to all the regions, which is likely to reduce the growth of the paper bags market.

Market Segmentation

The global Kraft Paper Bag market is segmented based on Type, Application, and region. On the basis of Type, it is segmented into SOS (self-opening satchel) Type, Slider Zipper, Pinch & Seal, Pinch & Seal Zipper, Fold Top, Twist Tie. Based on Applications, it is segmented into Fashion, Food & Beverages, Watches and Jewellery, Pharmaceuticals, Cosmetics & Personal Care, Other Consumer Goods. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Regional Analysis

North America region dominates the Kraft Paper Bag Market across the world with CAGR 11.49% owing to the growing demand for paper bags for the retail sector in the region. Also, rising inclination toward processed and packaged food products will further propel the market growth in this region.

Europe is likely to witness significant growth during the forecast period because of their established food and beverage industries and growing awareness towards sustainable packaging.

Asia Pacific is anticipated to grow at a significant CAGR because of the growing production and consumption of reusable paper bags. Additionally, rising demand for paper bags, to the ease of production of reusable paper bags.

Key Players

Various key players are listed in this report such as Canfor Corporation, Nordic Paper, Smurfit Kappa, Segezha Group, WestRock, Priya Paper Products, Gascogne, SCG Packaging, BillerudKorsnas, The Mondi Group.

Industry development

In October 2022 Mondi, a global leader in sustainable packaging and paper, has announced the approval of a €400 million investment in a new paper machine at its flagship Štětí mill in the Czech Republic. The investment forms part of the Group’s €1 billion expansionary capital investment programme to accelerate growth in sustainable packaging and will further strengthen Mondi’s leading position in the market

In October 2020 Siam Cement Group (SCG) subsidiary SCG Packaging has launched Doozypack, a Kraft paper cement bag made using recycled paper. The company “applied the circular economy principle to the product’s development, enabling consumers to live sustainably,” according to general director Ekarach Sinnarong. Viet Nam News has reported that SCG Packaging partner Vina Kraft Paper is able to recycle Doozypack bags, along with all other SCG paper cement bags, thereby “extending the circular economic principle into the next cycle of use.

Market Taxonomy

By Type

• SOS (self-opening satchel) Type
• Slider Zipper
• Pinch & Seal
• Pinch & Seal Zipper
• Fold Top
• Twist Tie

By Application

• Fashion
• Food & Beverages
• Watches and Jewellery
• Pharmaceuticals
• Cosmetics & Personal Care
• Other Consumer Goods

By Region

• North America
• The U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest the Middle East & Africa

Key Question Addressed by the Report

· What are the Key Opportunities in the Global Kraft Paper Bag Market?

· What will be the growth rate from 2023 to 2030?

· Which segment/region will have the highest growth?

· What are the factors that will impact/drive the Market?

· What is the role of key players in the value chain?