Total sales of Paper Bags Market in North America are projected to reach an estimated value of US$ 3,203.8 million in 2023, with further revenue growth anticipated, aiming for a total of US$ 4,295.1 million by the conclusion of 2033. These sales are expected to demonstrate a steady expansion, maintaining a compound annual growth rate (CAGR) of 3.0% throughout the forecast period spanning from 2023 to 2033.
Among the various material types, the brown kraft segment stands out, commanding a significant share of nearly 56.1% in the North America paper bag market. This segment is predicted to maintain its lead, expanding at a CAGR of 2.0% over the forecast period from 2023 to 2033. In the category of thickness, the 101 to 150 microns segment is set to surpass expectations with a CAGR of 2.0% between 2023 and 2033, contributing to the industry’s sustained growth.
In 2022, the revenue generated from the sales of paper bags in North America was valued at US$ 3,093.6 million, with the retail segment, by end-use, claiming a substantial share of approximately 43.4% in terms of value by the end of 2023.
The Paper Bags Market in North America is a significant segment within the broader packaging industry, reflecting a growing preference for sustainable and eco-friendly packaging solutions. Paper bags have gained prominence as a preferred choice for packaging due to their biodegradability, recyclability, and reduced environmental impact compared to traditional plastic alternatives. As consumers and businesses alike increasingly prioritize sustainability, the Paper Bags Market in North America experiences a notable surge in demand, driven by environmental consciousness and regulatory initiatives.
Get Exclusive Sample Copy of the Report [Free]: https://www.futuremarketinsights.com/reports/sample/rep-gb-18001
End-Use Dynamics Shaping Sales
The adoption of paper-based packaging, notably paper bags, aligns with stringent regulatory standards and complements the mounting awareness among consumers regarding environmental responsibilities. This makes paper bags an ideal substitute for plastic-based packaging in a wide range of applications, responding to the call for more sustainable packaging practices in North America.
Paper bags serve as a versatile and eco-friendly solution that addresses a spectrum of environmental, economic, and hygienic concerns, extending their benefits to various industries in North America. These industries include foodservice, retail, e-commerce, agriculture, and building & construction, all of which actively seek dependable and environmentally responsible packaging choices.
The progression of paper bag manufacturing technology plays a pivotal role in enhancing the durability and versatility of these products. This technological advancement has fueled their adoption across diverse sectors, including retail, food service, and hospitality. Collectively, these factors exert a positive influence on the increasing demand for paper bags in North America, reflecting a growing shift toward sustainable and eco-conscious packaging solutions.
Key Factors Driving Growth:
- Consumer Preference: A growing awareness among consumers about the harmful effects of plastic pollution is influencing their shopping choices. They are opting for retailers and brands that offer paper bags, which are seen as more environmentally responsible.
- Sustainability Focus: The adoption of paper bags is at the forefront of the industry’s growth. Governments, businesses, and consumers alike are recognizing the environmental benefits of paper bags over plastic alternatives. This shift is expected to remain a central driver of market expansion.
- Regulatory Support: Stringent regulations and bans on single-use plastics across various North American states are accelerating the transition to paper bags. These regulations are promoting sustainable alternatives and reducing the environmental impact.
- Retail and Food Industry Adoption: Retailers, grocery stores, and the food industry are rapidly switching to paper bags. Not only do they align with the sustainability narrative, but they also offer branding opportunities through custom designs.
- Innovations in Design: The paper bag industry is continuously evolving with innovations in design and materials. Sturdy, reusable, and stylish paper bags are making their way into the market, attracting both businesses and consumers.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18001
Key Market Players
- Mondi Plc
- Smurfit Kappa
- International Paper Company
- JohnPac Inc
- ProAmpac LLC
- Stora Enso Oyj
- Oji Holdings Inc
- Novolex Holdings Inc
- Conitex Sonoco
- Ronopac Inc
- Atlas Paper Bag Co Ltd
- Huhtamki OYJ
- Global-Pac Inc
- United Bag, Inc
- Material Motion Inc.
Key Segments
By Product Type:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
By Material Type:
- Brown Kraft
- White Kraft
- Recycled Fiber
By Thickness:
- Up to 50 Microns
- 51 to 100 Microns
- 101 to 150 Microns
- Above 150 Microns
By Distribution Channel:
- Direct Sale
- Distributors
- Bricks and Mortar
- E-Retailers
By End Use:
- Food Service
- Restaurants
- Hotels, Resorts and Institutions
- Online Food Delivery
- Food Courts
- Retail
- E-Commerce
- Other Industries
- Building & Construction
- Chemical
- Agriculture & Allied Industries
By Region:
- United States
- Canada
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube