The global Commercial Paper Bags Market is poised for significant growth, with an anticipated valuation of US$ 6.3 billion in 2023. Innovations propel 7.5% CAGR (2023-2033) in paper bag tech, driving the market to US$ 13.0 billion by 2033.
The increasing prevalence of plastic bans and regulations on single-use plastics stands as a powerful catalyst behind the growing adoption of commercial paper bags across industries. This shift is a direct response to mounting global environmental concerns surrounding plastic pollution, which adversely affects ecosystems, marine life, and human well-being.
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Plastic waste’s pervasive presence in various environments has led to heightened awareness among governments, businesses, and consumers. Plastic bags, being prominent symbols of this pollution, have garnered significant attention. The adverse impact of plastics on ecosystems and wildlife has spurred urgent efforts to reduce plastic consumption.
Governments worldwide have taken proactive measures to tackle the plastic pollution crisis, including banning single-use plastics, imposing taxes on plastic bags, and instituting regulations to limit their use. These legislative actions aim to mitigate plastic waste and promote the adoption of more sustainable alternatives like commercial paper bags, contributing to a greener and more eco-conscious future.
Dynamics
The global commercial paper bags market is expected to be majorly driven by the high demand generated from the retail sector. Commercial paper bags are light in weight, easy to carry, and are reusable. This has been registered as a key factor for their adoption by consumers. Other than retail, commercial paper bags are also used extensively in the building & construction industry, especially for heavy-duty applications.
The impact is expected to be more intense in regions such as the Asia Pacific and the Middle East. In the Asia-Pacific region, there has been a substantial growth in the number of real estate and infrastructure development projects in the past few decades. This is expected to bolster the demand for commercial paper sacks in the coming years.
Also, switching to paper-based packaging has led to better recycling rate. Most consumers are adopting paper-based sacks over plastic ones as are a sustainable alternative of their counterparts. Additionally, commercial paper bags are environment-friendly and can be 100% recycled. The stringent regulations imposed by various regulatory bodies against the usage of plastic bags is also expected to drive the growth of the global commercial paper bags market during the period of forecast.
Manufacturers are focused on expanding their portfolios to better meet the escalating demand from end users. Moreover, it is observed that manufacturers operating in the global commercial paper bags market are focusing on innovating products by differentiating their features from other market players. Companies are designing commercial paper bags which offer some added advantages such as temperature-controlled packaging paper bags, to the consumers. For instance,
- Mondi Group entered into a partnership with iFoodbag AB, a Swedish start-up company, to develop a temperature-controlled paper packaging product. The introduction of the temperature-controlled paper bag opens up new horizons in the online shopping platform.
Regional Outlook
Geographically, the global commercial paper bags market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. The countries of MEA are expected to represent growth opportunities for owing to its applications in building & construction sector. In the APEJ region, the retail sector is booming and is expected to propel the demand for the commercial paper bags in the region. Changing consumer spending pattern has resulted into high expenditure on packaged goods, which will buttress the demand for commercial paper bags in the region.
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Key Players
Examples of some of the key players operating in the global market are Smurfit Kappa Group Plc., Essentra Plc., Novolex Holdings, Inc., Mondi Group plc, International Paper Company, United Bags, Inc., El Dorado Packaging, Inc., and Langston Companies, Inc. among others.
Market Segmentation
Globally, the commercial paper bags market has been segmented on the basis of product type, material type, thickness, and end-uses
On the basis of product type
- Sewn open mouth bags
- Pinched bottom open bags,
- Pasted valve bags,
- Pasted open mouth bags
- Flat bottom bags
On the basis of material type,
- Brown Kraft
- White Kraft
On the basis of thickness,
- 2 ply
- 3 ply
- >3 ply
On the basis of end-uses
- Agricultural & allied industries
- Building & construction
- Food & beverage
- Retail
- Chemical industry
- Others
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Report Highlights:
- A detailed overview of the parent market
- Changing commercial paper bags market dynamics in the industry
- In-depth commercial paper bags market segmentation
- Historical, current, and projected commercial paper bags market size regarding volume and value
- Recent industry trends and developments in the commercial paper bags market
- Competitive landscape of the commercial paper bags market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on commercial paper bags market performance
- Must-have information for commercial paper bags market players to sustain and enhance their market footprint
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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