The global craft bags market is anticipated to be valued at US$ 1,567.3 Million in 2022, forecast to grow at a CAGR of 4.4% to be valued at US$ 2,421.9 Million from 2022 to 2032. Growth is attributed to the growing demand for eco-friendly packaging solutions.
Craft bags are a type of packaging that is made from natural materials and is considered more eco-friendly than plastic bags. These bags are often used for shopping, gift packaging, and food packaging. Craft bags are available in different sizes, colors, and designs, making them suitable for a wide range of applications. In recent years, the demand for craft bags has increased due to their sustainability and durability.
Craft bags can be used for a variety of items, including groceries, medicines, and technological goods. Craft bags are simple to use and manage, which has caused a rise in demand from consumers. In the near future, the global market for craft bags is anticipated to expand significantly. Craft bags are inexpensive and biodegradable, which encouraged manufacturers to invest in their creation. Customers are becoming more interested in using craft bags due to their lightweight and ease of handling.
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Global Craft Bags Market: Dynamics
Craft bags are an appealing packaging option for both makers and customers since they are affordable, simple to use, and readily recyclable. Growing consumer demand for environmentally friendly packaging is driving up demand for a wide variety of products, including paper-based packaging. Global demand for craft bags is expanding as consumers desire more convenient, smaller pack sizes and as the market for groceries and personal care products expands.
Due to rising environmental awareness, it is predicted that in the coming years, there will be a shortage of craft bags. Due to an increase in consumer demand, paper manufacturers are also anticipated to invest in the packaging of craft bags. The packaging industry is concentrating on huge consumer markets like the cosmetic and fresh goods markets against the backdrop of the paper sector. Manufacturers of cement are also seeing an increase in demand for craft bags.
Key Drivers of the Craft Bags Market
Several key drivers are fueling the growth of the Craft Bags Market. Let’s take a closer look at them.
- Growing Demand for Sustainable Packaging Solutions- Consumers are becoming increasingly aware of the environmental impact of plastic bags and are seeking more sustainable packaging solutions. Craft bags are made from natural materials that are biodegradable and compostable, making them an eco-friendly alternative to plastic bags.
- Favorable Government Regulations- Many countries have introduced regulations promoting the use of eco-friendly materials in packaging. For example, the European Union has implemented regulations to reduce the use of single-use plastics, including plastic bags. This has led to an increase in the demand for eco-friendly packaging solutions such as craft bags.
- Increasing Consumer Awareness- Growing awareness about the impact of plastic bags on the environment has led to a shift in consumer preferences towards sustainable packaging solutions. Consumers are now actively seeking out products that are eco-friendly and sustainable, driving the demand for craft bags.
- Versatility of Craft Bags- Craft bags are available in different sizes, colors, and designs, making them versatile and suitable for a wide range of applications. They can be used for shopping, gift packaging, and food packaging, among other things.
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Key Segments Profiled in the Craft Bags Industry Survey
Craft Bags Market by Product Type:
- Block Bottom Craft Bags
- Paper Carry Bags
- Checkout Craft Bags
- Confectionery Craft Bags
- Others
Craft Bags by Application:
- Craft Bags for Grocery
- Craft Bags for Food
- Craft Bags for Pharmaceuticals
- Craft Bags for Customer Goods
- Craft Bags for Stationary
- Craft Bags for Confectionery
- Craft Bags for Cosmetics
- Craft Bags for Personal Use
- Craft Bags for Home Care Products
- Craft Bags for Other Applications
Craft Bags by Region:
- North America Craft Bags Market
- Latin America Craft Bags Market
- Europe Craft Bags Market
- Asia Pacific Craft Bags Market
- Middle East & Africa Craft Bags Market
Global Craft Bags Market: Regional Overview
A large portion of the craft bag market is anticipated to grow in North America due to the rising demand for environmentally friendly packaging. The manufacturing economies of China and other emerging nations will drive up demand for craft bags. In fact, the overall market for craft bags will grow at a significant CAGR in forecast years. Craft bags packaging represents the largest market for paper industry. Major portion of produced paper in the U.S is acquired for manufacturing of craft bags. Among these produced paper some are exported to China and the rest are used to produce other craft bags such as boxboard, which includes folding boxes.
Global Craft Bags Market: Key Players
The main player of global craft bags market are international papers,Stanpac, Kent paper, Biopac, Genpak, Bemis Company Incorporated, Berry Plastics Corporation, Novolex and Linpac Packaging Limited.
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How is Europe Contributing to the Growth of the Craft Bags Market?
Expansion of Food and Beverage Sectors Driving Craft Bags Sales in Europe
Europe accounts for a 20% market share of the craft bags market. The presence of huge food and beverage industry in the region boosts the growth of the market in Europe. Specialty paper boxes, paper bags, and paper packaging play a very important role in restaurants and other food businesses. Craft bags are a good packaging solution in the food industry. These bags come in a variety of options and sizes for all types of food and beverages.
Craft bags are a popular option for a wide variety of foods being flexible and durable, they are also very inexpensive and make an excellent eco-friendly alternative to plastic bags. The growing trend of ready-to-eat food, frozen food, and the increasing trend of packed food in the region to drive the sales of craft bags. The technological advancement has motivated the market players to enhance their product portfolio which has contributed to the growth of the global market for craft bags.
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