According to market analysts, the foodservice paper bag market is projected to continue its growth trajectory in the coming years. The forecast suggests that the market will reach a value of US$ 958.4 million in 2022 and exhibit a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032, ultimately reaching US$ 1,575.9 million by the end of 2032.
By the end of 2022, it is expected that the top three countries will hold approximately 25-30% of the global market share for paper bags used in the foodservice industry. Non-handle bags are anticipated to dominate around 70% of the foodservice paper bag market by the end of 2022. This preference for non-handle bags is primarily driven by the strong inclination of restaurants and foodservice providers towards conventional paper bags.
The recent surge in foodservice paper bag sales can be attributed to the growing demand for eco-friendly packaging among consumers and the food industry. Government initiatives and regulations regarding plastic packaging have also created new opportunities for the global foodservice paper bag market. Moreover, the proliferation of new foodservice businesses worldwide is expected to fuel the demand for foodservice packaging, specifically paper bags.
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Overall, the foodservice paper bag market has witnessed consistent growth over the years, with a CAGR of 4.1% from 2015 to 2021. The market is well-positioned for further expansion in the future, driven by factors such as environmental concerns, government policies, and the continued growth of the foodservice industry.
Key Takeaways
- Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
- Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
- On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
- Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
- East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.
Competitive Landscape
Major players operating in the global foodservice paper bags market are trying to expand their capacities by developing their facilities. Also, several key players are adopting the merger and acquisition strategy to strengthen and increase their resources. These players are focusing on developing innovative paper bags to gain more market shares.
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Some of the latest developments by key players are as follows–
In August 2022, Novolex Holdings LLC announced the launch of innovative paper bags for more secure deliveries for retailers and restaurants. The paper bag offers a wide opening for easy loading, a flat bottom to keep items secure, and sturdy paper twist handles for easy & reliable carrying.
In March 2022, WestRock Company expanded its production facility by investing US$ 47 Million at its consumer facility in Claremont.
In January 2022, Huhtamaki Oyj acquired a company named Smith Anderson Group Ltd. in Portland. The company manufactures and sells paper bags in Eastern Europe.
Key Players:
- WestRock Company
- Hutamaki Oyj
- Novolex Holdings LLC
- Ronpak Inc.
- Mondi Group
- Amcor Ltd
- International Paper Company
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Foodservice Paper Bags Market Outlook by Category
By Material Type:
- Brown Kraft
- White Kraft
By Bag Type:
- Handle Bags
- Non-handle Bags
By End User:
- Foodservice Outlets
- Online Food Delivery
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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