According to the predictions, the paper bag market is expected to be valued at US$5.4 billion in 2023 and is projected to reach US$8.2 billion in 2033. The global market is anticipated to grow at a compound annual growth rate (CAGR) of approximately 4.1% between 2023 and 2033. By 2023, it is predicted that the top 5 paper bag producers will hold a 22% share of the global market.
Several factors are driving the growth of the paper bag market. One key factor is the implementation of strict regulations on the use of plastics, which is leading to a shift towards more sustainable packaging options. Growing environmental concerns regarding the impact of plastic pollution have also contributed to the increasing demand for paper bags. Brown kraft paper bags are being widely accepted as a superior substitute for plastic bags due to their eco-friendly nature.
Brown kraft paper is the primary material used in the production of paper bags. It is known for its durability and sturdiness, making it suitable for carrying heavy loads and enduring rigorous handling. Additionally, brown kraft paper exhibits high resistance to water and moisture, making it an ideal choice for paper bags intended for outdoor use.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2765
Another advantage of brown kraft paper is its affordability and wide availability across Europe, making it a cost-effective alternative for various businesses. Manufacturers find it relatively easy to work with brown kraft paper, allowing them to create paper bags in different shapes and sizes. The natural brown color of the material also provides a canvas for incorporating logos and graphics, enabling businesses to differentiate their paper bags from competitors.
By using brown craft, businesses may produce high-quality things with less of an impact on the environment. As more consumers look for environmentally friendly solutions, the market for paper bags, especially those made from brown kraft material, will grow at a healthy rate throughout the anticipated period.
Key Takeaways from the Paper Bags Market
- The global paper bags market is predicted to expand at 4.1% CAGR between 2023 and 2033.
- Total sales of paper bags are projected to total US$ 5.4 billion by 2023.
- Germany is anticipated to hold around 26.3% share of Europe paper bags market in 2033.
- Increasing demand for paper bags made with brown kraft material is likely to boost the Europe market.
Are you looking for customized information related to the latest trends, drivers, and challenges? @ https://www.futuremarketinsights.com/customization-available/rep-gb-2765
Competitive Landscape
By increasing their manufacturing capabilities to meet the soaring demand, big businesses in the global paper bags industry hope to enhance sales and revenues. To strengthen their resources, renowned players are also seeking to execute the merger and acquisition strategy. In order to accommodate the increasing demand, a few other firms are creating different products.
Here are a few recent significant moves made by leading players:
- In December 2022, Mondi plc., a leader in environmentally friendly paper and packaging, opened a US$ 18 million greenfield facilities in Morocco. This facility has the capacity to produce about 100 million paper bags annually.
- In November 2022, a bag-in-box packaging plant, Pusa Pack S.L., was acquired by Smurfit Kappa plc. Pusa Pack S.L. produces high quality flexible bags with a large capacity. With this acquisition, the company hopes to enhance its reputation in the flexible packaging sector.
Key Players:
- Mondi Plc
- Smurfit Kappa Group Plc
- International Paper Company
- Novolex Holdings, Inc.
- Ronpak
- Welton Bibby And Baron Limited
- Prompac LLC.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-2765
Paper Bags Market Outlook by Category
By Product:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
By Material Type:
- Brown Kraft
- White Kraft
By Thickness:
- 1 ply
- 2 ply
- 3 ply
- > 3 ply
By End Use:
- Agriculture & Allied Industries
- Building & Construction
- Food & Beverage
- Retail
- Chemicals
- Others
By Region:
- North America
- Asia Pacific excluding Japan
- Western Europe
- Eastern Europe
- Latin America
- Middle East and Africa
- Japan
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com