The global kraft paper shopping bag market is on an upward trajectory, with sales anticipated to grow from USD 2,804.2 million in 2024 to USD 3,805.4 million by 2034, reflecting a steady compound annual growth rate (CAGR) of 3.1% over the next decade.
Driven by the rising preference for eco-friendly packaging and increased consumer awareness of sustainability, this market growth underscores the appeal of kraft paper as an ideal material for both retail and brand-focused applications.
In 2023, the industry’s revenue was recorded at USD 2,723.9 million, with projections indicating a year-over-year (Y-o-Y) growth rate of 2.8% in 2024, highlighting the continued momentum in the kraft paper bag sector.
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A significant contributor to this growth is the rising demand for customized kraft paper bags, which are expected to generate USD 1,071.2 million in 2024 alone. The segment is projected to grow at a higher CAGR of 3.3% during the forecast period.
Customized bags provide businesses with an opportunity to enhance their brand visibility by incorporating logos, colors, and unique designs, making them an effective tool for brand differentiation. Furthermore, the flexibility in printing and material finishing options allows businesses to meet the evolving personalization demands of their consumer base.
The expanding application of kraft paper shopping bags across various industries and its eco-friendly appeal position it as a key player in the sustainable packaging landscape. This trend, along with the rising adoption of customized solutions, signals continued growth in the kraft paper shopping bag market for years to come.
Key Takeaways: Global Kraft Paper Shopping Bags Market
- The kraft paper shopping bags market grew at a CAGR of 2.3% from 2019 to 2023.
- The United States is expected to maintain a leading position in North America, holding a 2.5% value share until 2034.
- India is forecasted to experience strong growth in South Asia & Pacific, with a projected CAGR of 4.1% by 2034.
- Brown kraft paper bags are set to dominate, projected to account for 61.3% of the total market share by 2024.
- The standard kraft paper shopping bag segment is anticipated to reach a valuation of USD 1,197.4 million by 2024, securing a 42.7% market share.
Competitive Landscape
Key players in the kraft paper shopping bag market are investing in the development of innovative sustainable solutions and forming alliances. Key kraft paper shopping bag providers have also been acquiring smaller businesses to expand their position and penetrate the kraft paper shopping bag market in numerous regions.
Key Players of the Kraft Paper Shopping Bags Industry
- Mondi Plc
- Smurfit Kappa Group Plc
- International Paper Company
- Novolex Holdings, Inc
- Ronpak
- Welton Bibby And Baron Limited
- ProAmpac
- Langston Companies, Inc.
- United Bags, Inc.
- Billerud AB
- Global-Pak, Inc.
- York Paper Company Limited
- Paperbags Limited
- JohnPac Inc
- Adeera Packaging Pvt. Ltd.
Recent Industry Developments in the Kraft Paper Shopping Bags Market
- In June 2024, Smurfit Kappa acquired Artemis Ltd., This acquisition will benefit the company expand its presence in Eastern Europe.
- In March 2024, ProAmpac Acquired UP Paper, this acquisition will expand the company’s product portfolio in recycled paper packaging and presence in the growth-oriented end markets.
- In February 2024, Visy launched a new Australian-made retail paper bag that are recyclable through Australian kerbside recycling bins.
- In March 2024, Detpak won the National APPMA packaging design innovation award for its kerbside recyclable paper bag used for fresh potatoes.
Key Segments of the Kraft Paper Shopping Bags Industry
By Material:
In terms of material, the industry is divided into brown Kraft and White Kraft.
By Product:
In terms of product, the industry is segregated into standard bags, specialty bags, and customized bags.
By Application:
By application, the market is divided into food & beverages, pharmaceutical & health care, cosmetics and personal care, and industrial.
By End Use:
The market is classified by end use such as super market, hyper market, direct sales, and e-commerce.
By Region:
Key countries of North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, and the Middle East & Africa have been covered in the report.
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