Kraft paper shopping bags have become increasingly popular among consumers and retailers alike, due to their eco-friendly and durable nature. The market for kraft paper shopping bags is expected to experience significant growth in the coming years, driven by the increasing demand for sustainable packaging solutions.
The kraft paper shopping bag market is likely to record a promising CAGR 3.9% during the forecast period. The market is currently valued at US$ 5.2 Bn and is likely to reach US$ 7.47 Bn by 2032.The growth of the market is driven by the increasing awareness about the environmental impact of plastic bags and the growing demand for sustainable packaging solutions.
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Kraft paper bags are made from natural, renewable resources and are biodegradable, making them a much more environmentally friendly alternative to plastic bags. They are also strong and durable, making them suitable for carrying heavy items. These features have made kraft paper bags a popular choice among retailers, particularly in the grocery and food industry.
The increasing demand for kraft paper bags is also driven by the growing trend of e-commerce, as these bags are suitable for shipping and packaging products. This has led to a rise in the number of online retailers offering kraft paper bags as an option for their customers.
In terms of region, Asia Pacific is expected to dominate the global kraft paper shopping bag market, due to the presence of a large number of manufacturers and a growing population in the region. The market in North America is also expected to grow at a significant rate, due to the increasing awareness about the environmental impact of plastic bags and the growing demand for sustainable packaging solutions.
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The market is also segmented by type, with the flat-bottom type being the most widely used in the market. This is due to its ability to hold more weight and its ability to stand upright, making it ideal for use in the grocery and food industry.
In conclusion, the global kraft paper shopping bag market is expected to experience significant growth in the coming years, driven by the increasing demand for sustainable packaging solutions and the growing trend of e-commerce. The market is also expected to be dominated by the Asia Pacific region, with the flat-bottom type being the most widely used.
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