In 2023, it is predicted that the paper bag market would be valued US$5.4 billion. It is projected to be worth $8.2 billion in 2033. The global market is anticipated to grow at a CAGR of about 4.1% between 2023 and 2033. By 2023, it is predicted that the top 5 paper bag producers will hold 22% of the global market.
The primary forces propelling the sector are the implementation of rigorous regulations on the use of plastics, growing environmental concerns, and the acceptance of brown kraft paper bags as a superior substitute for plastic bags.
The primary ingredient used in the creation of paper bags has been brown craft. The product’s durability and sturdiness make it ideal for making paper bags that can withstand heavy loads and demanding handling. Brown craft has high resistance to water and moisture, making it a perfect choice for paper bags intended for outdoor use.
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Brown craft is readily accessible throughout Europe, giving it a cost-effective option for a variety of organisations. Because it is relatively simple to work with, manufacturers may create paper bags in a range of forms and dimensions. Also, the material’s natural brown tone makes adding logos and images simple. This enables businesses to differentiate their paper bags from the competition.
Businesses can lessen their environmental effect while still producing high-quality goods by adopting brown craft. The market for paper bags, particularly those manufactured from brown kraft material, will increase at a healthy rate during the projected period as more consumers explore for environmentally friendly options.
Key Takeaways from the Paper Bags Market
- The global paper bags market is predicted to expand at 4.1% CAGR between 2023 and 2033.
- Total sales of paper bags are projected to total US$ 5.4 billion by 2023.
- Germany is anticipated to hold around 26.3% share of Europe paper bags market in 2033.
- Increasing demand for paper bags made with brown kraft material is likely to boost the Europe market.
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Competitive Landscape
By increasing their manufacturing capabilities to meet the soaring demand, big businesses in the global paper bags industry hope to enhance sales and revenues. To strengthen their resources, renowned players are also seeking to execute the merger and acquisition strategy. In order to accommodate the increasing demand, a few other firms are creating different products.
Here are a few recent significant moves made by leading players:
- In December 2022, Mondi plc., a leader in environmentally friendly paper and packaging, opened a US$ 18 million greenfield facilities in Morocco. This facility has the capacity to produce about 100 million paper bags annually.
- In November 2022, a bag-in-box packaging plant, Pusa Pack S.L., was acquired by Smurfit Kappa plc. Pusa Pack S.L. produces high quality flexible bags with a large capacity. With this acquisition, the company hopes to enhance its reputation in the flexible packaging sector.
Key Players:
- Mondi Plc
- Smurfit Kappa Group Plc
- International Paper Company
- Novolex Holdings, Inc.
- Ronpak
- Welton Bibby And Baron Limited
- Prompac LLC.
Paper Bags Market Outlook by Category
By Product:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
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By Material Type:
- Brown Kraft
- White Kraft
By Thickness:
- 1 ply
- 2 ply
- 3 ply
- > 3 ply
By End Use:
- Agriculture & Allied Industries
- Building & Construction
- Food & Beverage
- Retail
- Chemicals
- Others
By Region:
- North America
- Asia Pacific excluding Japan
- Western Europe
- Eastern Europe
- Latin America
- Middle East and Africa
- Japan
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