Foodservice Paper Bags Market: An Overview
In recent years, the Foodservice Paper Bags Market has experienced significant growth due to the rising demand for eco-friendly and convenient packaging solutions. As consumers become more conscious of their environmental impact, businesses are shifting towards sustainable options, and paper bags are emerging as a top choice.
The valuation of the worldwide foodservice paper bags market is projected to hit US$ 958.4 Million by the year 2022. Subsequently, it is anticipated to experience a compound annual growth rate (CAGR) of 5.1% spanning from 2022 to 2032. This trajectory indicates that the market could achieve a value of US$ 1,575.9 Million by the culmination of 2032.
The Rise of Eco-Friendly Packaging
Consumers’ growing awareness of environmental issues has prompted a shift towards eco-friendly packaging. Foodservice establishments, ranging from restaurants and cafes to food trucks and catering services, are actively seeking alternatives to traditional plastic bags. Paper bags, often made from recycled materials, have gained traction as they offer a greener option without compromising on functionality.
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The foodservice paper bag market has shown steady growth with a CAGR of 4.1% from 2015 to 2021. It is poised for further expansion in the future, driven by factors such as heightened environmental concerns, government regulations, and the overall growth of the foodservice industry.
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.
Competitive Landscape
Major players operating in the global foodservice paper bags market are trying to expand their capacities by developing their facilities. Also, several key players are adopting the merger and acquisition strategy to strengthen and increase their resources. These players are focusing on developing innovative paper bags to gain more market shares.
Trends Shaping the Foodservice Paper Bags Market
- Eco-Friendly Materials: Consumers are favoring brands that prioritize eco-friendly packaging. As a result, there’s a surge in demand for foodservice paper bags made from recycled paper or materials like kraft paper.
- Customization: Businesses are recognizing the branding potential of paper bags. Custom prints, logos, and unique designs enhance brand visibility and customer engagement.
- Versatility: Foodservice paper bags are no longer limited to traditional takeout. They are now used for packaging a wide range of items, including bakery products, fruits, and even gourmet meals.
- Regulations and Standards: Government regulations aimed at reducing plastic waste are driving businesses to adopt sustainable alternatives like paper bags.
Some of the latest developments by key players are as follows–
In August 2022, Novolex Holdings LLC announced the launch of innovative paper bags for more secure deliveries for retailers and restaurants. The paper bag offers a wide opening for easy loading, a flat bottom to keep items secure, and sturdy paper twist handles for easy & reliable carrying.
In March 2022, WestRock Company expanded its production facility by investing US$ 47 Million at its consumer facility in Claremont.
In January 2022, Huhtamaki Oyj acquired a company named Smith Anderson Group Ltd. in Portland. The company manufactures and sells paper bags in Eastern Europe.
Key Players:
- WestRock Company
- Hutamaki Oyj
- Novolex Holdings LLC
- Ronpak Inc.
- Mondi Group
- Amcor Ltd
- International Paper Company
Foodservice Paper Bags: Impact on the Food Industry
The Foodservice Paper Bags Market’s impact extends beyond its eco-friendly nature. These bags offer practical advantages to both businesses and consumers:
- Heat Retention: Insulated paper bags are excellent at retaining heat, making them a preferred choice for delivering hot foods like pizzas and other takeout orders.
- Breathability: Paper bags allow food to breathe, preventing sogginess in products like fried items and maintaining their crispness.
- Branding and Advertising: Customized paper bags serve as mobile advertisements, showcasing a brand’s identity to potential customers as they’re carried around.
- Consumer Preference: As consumers become more conscious of their environmental footprint, businesses that offer sustainable packaging options like paper bags gain a competitive edge.
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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
About FMI
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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