In the year 2022, the worldwide kraft paper bag market is expected to be worth $4.02 billion. This market is estimated to reach US$ 4.29 billion by 2023 and US$ 8.2 billion by 2033, with a CAGR of 6.7% from 2023 to 2033. The kraft paper bag business has grown rapidly in recent years due to its low cost, ample supply of raw materials, and simple manufacturing procedure.
Plastic bags disintegrate over 450 to 500 years, causing significant damage and contamination to both water and land. Large corporations have begun to employ compostable kraft paper bags because they are fashionable, environmentally friendly, and long-lasting. Biodegradable Kraft paper bags are simple to make and beneficial to the environment.
Better branding is another important factor in the uptake of paper carry bags; brand names can be easily printed on these bags, and they also have a stylish appearance. Kraft paper shopping bags support business development. The increased use of biodegradable kraft paper bags is one of the key reasons driving the growth of the packaging market for kraft paper bags.
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The increasing use of paper bags in the supermarket and department shops, a highly functioning retail business, and a shift in environmental protection attitudes are driving the global market for kraft paper bags. The demand for these paper bags among end users is increasing, and this is projected to lead to considerable growth in the global market. Fashion merchandise is packaged in Kraft paper bags.
They offer the goods a fashionable appearance and protect them from dampness, dust, as well as other environmental elements like sunshine. These bags may be altered to fit the various box or carton sizes that they are going to be packaged. By offering high-quality printing of the names of the organization or company and logos on them, these kraft paper bags assist businesses in maintaining their brand image. Such factors are expected to boost their usage among various end-use verticals globally from 2023 to 2033.
Throughout the projection period, the North American region is anticipated to have the biggest economy for Kraft paper bags. Large-scale businesses like Cargill, Bunge Ltd., PepsiCo Inc., and Maple Leaf Foods Inc. utilizes it as a packaging material throughout this region’s food and beverage industry, where there is a rising need for it. The need may also be attributable to rising sales in sectors like the production of medicines and automotive parts, among others. The expansion of these sectors in turn increases the region’s total kraft paper bag usage.
Various manufacturers are developing new kinds of products to enhance the overall quality of these kraft paper bags. For instance, the Billerud Axello line of robust, pure kraft paper is specifically designed for bags constructed using rigorous procedures. Paper bags used to package dry food must be durable, hygienic, and environmentally friendly. Because Billerud Axello paper is made entirely of fibers, rather than plastic, it is much purer and hence a better match for current conversion as well as filling processes. Paper packaging for sugar, flour, pasta, and grains must be acceptable for food contact, light in weight, and able to be filled quickly. Axello performs admirably and is composed entirely of primary fibers. Such innovations for the material of the kraft paper bags are expected to propel the growth of these products during the forecast period.
This Kraft Paper Bags market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Kraft Paper Bags market.
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Kraft Paper Bags Market: Regional Outlook
Based on the geography, the kraft paper bags market is categorized into North America, Latin America, Europe, South Asia, East Asia, and Middle East & Africa regions. In terms of market growth and share, The East Asia and South Asia regions are anticipated to hold a significant portion of kraft paper bags market share during the upcoming years.
Larger urban population, growing disposable income of middle-class group led to the high adoption of kraft paper bags, especially in India and China which in turn projected to propels the demand for kraft paper bags. European Countries are expected to follow the East Asia region in terms of market growth.
The rapid expansion of food and beverage industries in countries such as the United Kingdom, Germany, and Italy are creating an astonishing demand for kraft paper bags in this region. Furthermore, shifting inclination towards sustainable packaging solutions and improvisation in the retail industry in North America and Latin America region is also contributing substantially to the kraft paper bags market growth.
On the other hand, rising foodservice outlets and growing demand for packaged food in the Middle East & Africa region is reinforcing the kraft paper bags market growth to a certain extent.
Regional Analysis Includes
- North America
- Latin America
- Europe
- Middle East & Africa (MEA)
- South Asia
- East Asia
- Oceania
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Kraft Paper Bags Market: Segmentation
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
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