As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Kraft Paper SOS Bag market is expected to grow at a healthy CAGR during the forecast period (2019-2029). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Kraft Paper SOS Bag in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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The advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Kraft Paper SOS Bag
With rising environmental concerns and the implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end-use industries.
In accordance to this, numerous packaging companies are shifting their focus of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, the introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Kraft Paper SOS Bag market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections
- The U.S. is expected to lead the North America Kraft Paper SOS Bag market, projecting the fastest growth in the region between 2019 and 2029
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2029.
Report Benefits & Key Questions Answered
- Historical Market Analysis: The detailed survey by FMI, examines key factors in the Kraft Paper SOS Bag market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Kraft Paper SOS Bag market for the forecast period 2019-2029.
- Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Kraft Paper SOS Bag for the assessment period. As per the study, the demand for Kraft Paper SOS Bag will grow at a robust CAGR between 2019 and 2029.
- Market Trend Analysis: The latest study by FMI on the Kraft Paper SOS Bag market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Kraft Paper SOS Bag market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
Market Dynamics:
The global kraft paper SOS bags market is projected to register robust demand from the retail sector, which is expected to account for more than half of the global demand. Adoption of kraft paper SOS bags is increasing attributing to their light-weight, reusability, and ease of carrying. Other than retail, food & pharmaceuticals industries are major end users of kraft paper SOS bags. Moreover, shifting to paper-based packaging formats has resulted in an increased recycling rate. With the rising concern regarding the packaging waste generated, consumers are opting for paper bags over single-use plastic bags as they are reusable and up to 100% recyclable. The stringent regulations imposed by regulatory bodies against the usage of single-use plastic bags is also expected to drive the growth of the global kraft paper SOS bags market in the next decade.
Manufacturers are also providing kraft paper SOS bags for heavy duty applications such as building & construction, agriculture, and pet care products. For instance,
- Mondi Group plc, one of the leading packaging manufacturer, provides SOS bag with coated and laminated material. This kraft paper SOS bag is available in different finishes and is suitable for all fill and seal machines.
Regional Outlook
Geographically, the global kraft paper SOS bag market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East & Africa (MEA) and Japan. In the Asia Pacific region, the flourishing retail sector is expected to bolster the demand for kraft paper SOS bags. Consumers are opting for sustainable and reusable paper bags for day to day packaging needs; this shift in behavior is expected to further fuel the demand for kraft paper SOS bags in the region. Moreover, developed countries of North America and Europe are expected to present remunerative growth potential for the kraft paper SOS bags, attributing to its application in various food & pharma packaging applications.
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Key Players:
Examples of some of the key players operating in the global kraft paper SOS bag market are Gilchrist Bag Manufacturing LLC, Wisconsin Converting, Inc., Mondi Group plc., Novolex Holdings, Inc., S Walter Packaging Corp., Ross & Wallace Paper Products, Inc., Bag Makers, Inc., NAPCO, Inc., Horizon Pulp & Paper Ltd., Despropack, Maesindo Indonesia Ltd., El Dorado Packaging, Inc., among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global kraft paper SOS bags market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with kraft paper SOS bags market attractiveness as per segments. The report also maps the qualitative impact of various factors on kraft paper SOS bags market segments and geographies.
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Market Segmentation:
On the basis of material type,
- White
- Brown
On the basis of thickness,
- 1 ply
- 2 ply
- 3 ply
- >3 ply
On the basis of product type,
- Flat bottom
- Pinch bottom
- Pasted open mouth bags
- Others
On the basis of end-use,
- Food
- Retail
- Pharmaceuticals
- Chemical
- Agriculture & Allied Industries
- Building & Construction
- Others
Report Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in market
- Competitive landscape of the market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on kraft paper SOS bags market performance
- Must-have information for market players to sustain and enhance their market footprint
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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