Market analysts forecast that the foodservice paper bag market will reach US$ 958.4 Mn in 2022 and expand at a CAGR of 5.1% from 2022 to 2032. The market is projected to reach US$ 1,575.9 Mn by the end of 2032. The top 3 countries are anticipated to control around 25–30% of the global market for paper bags used in the foodservice industry by the end of 2022.
It is expected that non-handle bags will control around 70% of the market for foodservice paper bags by the end of 2022. This is due to the fact that many restaurants and other foodservice providers strongly favour conventional paper bags. The market is projected to grow to US$ 1,575.9 million by the end of 2032.
The global market for foodservice paper bags increased from US$720.5 Mn in 2015 to US$917.6 Mn in 2021 at a CAGR of 4.1%. The move towards eco-friendly packaging among consumers and food industries is the main factor driving the recent development in foodservice paper bag sales.
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The foodservice industry used common plastic bags to deliver food items to consumers. Eventually, new development opportunities for the global food takeaway paper bags were provided by government initiatives and limitations on the use of plastic packaging. The expansion of many new foodservice businesses around the world will also boost demand for foodservice packaging, particularly paper bags.
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.
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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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