Driven by the rising focus on environment-friendly and sustainable packaging solutions, the demand for paper bags is poised to surge exponentially .Paper bags are light-weight, non-toxic, biodegradable, and recyclable, and are therefore becoming hugely popular among end users, starting from food & beverage to chemical industry.
With rising concerns regarding the safety of environment and marine animals, the demand for paper bags is increasing as more people are choosing eco-friendly packaging instead of polythene bags.
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Paper bags are made from locally available materials that saves the export cost. This makes manufacturing of paper bags cost-effective in turn making them highly affordable for consumers. According to Future Market Insights (FMI), the global paper bags market is anticipated to grow at 4.1% CAGR during the forecast period from the year 2020 to 2030.
Some of the key market players 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,Global-Pak, Inc.
“Paper bags are becoming increasingly popular as better alternative for single-use plastic bags. With governments across various nations banning the use of polythene bags and other plastic items, sales of paper bags are expected to pick up. Some of the leading market players are eyeing this as a lucrative opportunity. Some have even introduced paper bags recycled from wastes such as discarded newspaper to leave a mark amid competition,” says an FMI analyst.
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Product Type
Sewn Open Mouth, Pinched Bottom Open Mouth, Pasted Valve, Pasted Open Mouth, Flat Bottom
Material Type
Brown Kraft, White Kraft
Thickness
<2 Ply,2 Ply,3 Ply,> 3 Ply
End Use
Agriculture & Allied Industries, Building & Cons, Food & Beverage, Retail, Chemicals, Others
As paper bags are non-reactive, they are being widely used in packaging of food, beverages, and various high-end products. Expansion of these sectors will therefore bode well for the overall market.
FMI’s report offers an exhaustive overview of the paper bags market. It covers information on the market’s growth potential, growth drivers and restraints.
Some of the key takeaways from the report are highlighted below-
Sales of pinched bottom open mouth paper bags will continue to surge Brown kraft will remain the preferred material for making paper bags Paper bags with thickness <2 ply is anticipated to be highly sought-after as disposable packaging solution Retail industry is forecast to exhibit high demand for paper bags Demand for paper bags is expected to skyrocket in APEJ
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Who is Winning?
Competition in the paper bags market is likely to get fiercer in the coming years. Companies are therefore increasingly focusing on recycled materials for the production of quality paper bags. Some are even pushing product launches to gain competitive advantage.
For instance, RonPak has launched their extensive range of paper bag products such as carry out, pinch-bottom, wraps, and others with SQF certification and manufactured with optical brightener with black light detection of glue in the recent year.
JohnPac has launched their exclusive multi-wall paper bags with diverse range of styles such as sewn open mouth, self-opening sack, pinch bottom open mouth, sewn valve, pasted valve stepped end, and others in the current year.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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