In 2022, it was predicted that the market for kraft paper bags will be worth $4.02 billion worldwide. This market is anticipated to reach US$ 4.29 billion by 2023 and US$ 8.2 billion by 2033 with a consistent CAGR of 6.7% from 2023 to 2033. The kraft paper bag industry has grown quickly over the past few years as a result of its low cost, plentiful supply of raw materials, and straightforward production process.
A recent study by ESOMAR-certified consulting firm Future Market Insights projects a positive outlook for the Kraft Paper Bags market over the forecast period. The report gives a detailed outlook about the ongoing changes and advancement that are expected to augment growth in the Kraft Paper Bags market. With a unique approach and extensive data analysis, FMI presents a detailed perspective on the market, key growth drivers, threats and challenges that market players are likely to face during the forecast period.
According to the study, the Kraft Paper Bags market is expected Technological advancements in the packaging industry across various verticals will enable growth in the market. Increasing investment in research and development activities and adoption of information technology within the industry, will create growth opportunities. FMI’s latest report gives significant details about the current and upcoming market scenario for an optimized assessment of the market.
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COVID-19 Impact Analysis on Kraft Paper Bags Market
Following the outbreak of COVID-19, the packaging industry is expected to witness a moderate growth after a steep fall. Soaring development in various sectors of packaging including the increased R&D activities from the prominent players has led the Kraft Paper Bags market in the positive direction. Manufacturers are more focused on the sustainability as a key strategy to maintain their position in the industry during the time of crisis.
FMI provides an extensive information on growth strategies that will aid the players to tackle the impact of pandemic on the global Kraft Paper Bags market. This detailed chapter will give the market players information on the market scenario following the outbreak of COVID-19 and its impact on the industry across major regions. With various info graphics and detailed data sets, the market players are provided with market intelligence solutions which are accurate, transparent and reliable for the upcoming decade.
Important Questions Answered in the Kraft Paper Bags Market Report
- Which are the top companies operating in the Kraft Paper Bags market?
- What will be the future outlook of the Kraft Paper Bags market in the upcoming decade?
- What are the key growth drivers and restraints likely to affect the Kraft Paper Bags market in the future?
- Which region is expected to be the most lucrative region for the Kraft Paper Bags market?
- What are the ongoing trends likely to augment the growth of the global Kraft Paper Bags market?
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Kraft Paper Bags Market: Segmentation
In-depth analysis on FMI’s Kraft Paper Bags market report has been further classified into key segments and sub-segments.
On the basis of material type, kraft paper bags market is segmented into:
- Solid Unbleached Board
- Solid Bleached Board
- Virgin Bleached Board
- Others
On the basis of thickness, kraft paper bags market is segmented into:
- 2 ply
- 2 & 3 ply
- Above 3 ply
On the basis of sales channel, kraft paper bags market is segmented into:
- Manufacturers
- Distributors
- Retailers
- Hypermarkets
- Specialty Stores
- Convenience Stores
- Warehouse/Wholesale Clubs
- E-retail
On the basis of end use industry, kraft paper bags market is segmented into:
- Food & Beverage Industry
- Retail
- Homecare & Personal Care
- Healthcare & Pharmaceutical
- Agriculture
- Others
Kraft Paper Bags Market: Competitive Analysis
The latest report on the Kraft Paper Bags market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Kraft Paper Bags market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.
Key players profiled by FMI in Kraft Paper Bags market includes:
- International Paper,
- WestRock Company,
- Druk Exporting Company,
- Aeroplast Ltd.,
- Novolex,
- Dharmanandan Offset,
- Jagisa Packaging Industries, and
- other local kraft paper manufacturers.
Significant Contributions to the Report
- Key Trends and Opportunities: Comprehensive analysis on the industries ongoing trends and opportunities for market players in different regions across the globe
- Recent Challenges and Forecasts: Detailed assessment on the challenges, technological advancements, and forecast for upcoming decade.
- Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions.
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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.
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