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The global paper bag market remains stable at a CAGR of -4.1% between 2022 and 2030.It will reach $7.3 billion during this period.FMI’s research provides a comprehensive picture of the paper bag market.It includes data on the market’s growth potential, as well as growth drivers and constraints.
According to a new analysis by Future Market Insights (FMI), the paper bag market is expected to grow exponentially owing to the growing focus on eco-friendly and sustainable packaging options.Paper bags are lightweight, biodegradable and economical.They are also considered more environmentally friendly than their plastic equivalents due to their inherent qualities.
The use of paper bags in agriculture, construction and other industries has been steadily increasing.Hence, the paper bag market is expected to grow at a CAGR of 4.1% from 2022 to 2030
Paper bags are commonly used in the packaging of food, beverages and other high-end products because they are non-reactive.Therefore, the expansion of these industries will benefit the overall market.
Paper bags are becoming more and more popular as a more environmentally friendly alternative to single-use plastic bags.Sales of paper bags are likely to increase as governments around the world restrict the use of polyethylene bags and other plastic products.Some of the strongest players in the market see this as a lucrative opportunity.”Some even produce paper bags made from waste such as discarded newspapers to stand out in a crowded market,” said FMI analysts.
The emergence of the novel coronavirus has hampered the expected growth of the paper bag business.During the prolonged lockdown, the market has been hit hard by a lack of raw materials, inoperable supply chains, closure of logistics facilities and worker shortages.On the other hand, major market players are working to improve their infrastructure to continue producing high-quality goods.
Competition in the paper bag market is expected to heat up in the next few years.As a result, companies are increasingly relying on recycled resources when producing high-quality paper bags.Some companies are aggressively pushing product launches to gain a competitive advantage.
For example, RonPak has recently developed a range of SQF certified paper bag products made with optical brighteners with black light to detect glues such as take out, bottom clip, wrap and more.
This year, JohnPac introduced their exclusive multi-wallpaper bags in a variety of styles including sewn openings, self-opening bags, clip bottom openings, sewn valves, taped valve stepped ends, and more.
In its latest report, Future Market Insights provides a detailed and unbiased analysis of the global Paper Bags Market.It provides historical data for the period 2015-2021 and forecast statistics for the period 2022-2030.In order to understand the global market potential, growth and scope, the market is segmented on the basis of Product Type (Sewn Opening, Clip Bottom Opening, Paste Valve, Paste Opening, Flat Bottom), Material Type (Brown Kraft, White Kraft), Thickness (3 Layers) ), end-use (Agriculture & Allied Industries, Construction & Cons, Food & Beverage, Retail, Chemicals, Others), across six major regions (North America, APEJ, Western Europe, Eastern Europe, Latin America, MEA and Japan).
Protective Packaging Market – Protective Packaging Market Demand Remains Positive with Market Forecast at a CAGR of 4.8% from 2021 to 2031
Garbage Bags Market – High performance properties and excellent tensile strength are expected to increase the HDPE garbage bags market share.In 2016, the segment’s revenue share in the European garbage bag market was close to 30% and is likely to increase by more than 100 basis points by 2026.
Micro-Perforated Film Packaging Market – Changes in lifestyle and urbanization have contributed to the increase in the demand for food packaging, thereby leading to the expansion of the global micro-perforated film packaging market.
Future Market Insights (FMI) is a leading market intelligence and consulting firm.We provide personalized syndicated research reports, custom research reports and consulting services.FMI provides a complete packaged solution that combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, and a competitive framework and a bird’s-eye view of future market trends.
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Post time: Jul-05-2022