|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 3.47 Billion||USD 5 Billion||4.61%||2022|
Paper Bags Packaging Market
The global paper bags packaging market size was worth around USD 3.47 Billion in 2022 and is predicted to grow to around USD 5 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.61% between 2023 and 2030. The report analyzes the global paper bags packaging market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the paper bags packaging industry.
A paper bag is a carrier made of paper which is generally in the form of kraft paper. It is also known as paperboard and is produced from chemical pulp that is manufactured in a krafting process. The main source of paper bags can either be recycled fibers or virgin fibers depending on the requirement of the customer. They are most commonly used as shopping bags and in certain cases, have found applications for the packaging of consumer items. The paper bag packaging is produced in a way that allows them to carry all kinds of consumer goods including electronics, glass bottles, groceries, and clothing items.
Paper bag packaging has several benefits that are applicable not only to the consumer and the seller but to the environment as well thus encouraging sustainable and eco-friendly growth which is a major reason why these products continue to stay in demand and as per market trends, paper bag packaging may gain higher momentum during the growth period. Several end-user verticals including cosmetics, stationery products, food & beverages along with other sectors are focusing on utilizing the benefits provided by paper packaging.
Increasing awareness about sustainable growth to propel market demand
The global paper bags packaging market is projected to grow owing to the increased awareness amongst the population and world leaders about the importance of environmental sustainability and growth. This has led to more consumers becoming smart in their choices and preferring ways to reduce or eliminate the use of materials that can be harmful to the environment.
The packaging industry has long been one of the largest environmental polluters and has recently come onto the radar of environment regulatory bodies which have started holding them responsible for the irreparable damage that occurs in the environment due to irresponsible packaging measures. Almost 85.1% of plastic packaging is unregulated and ends up in landfills, polluting the environment. Paper bags are excellent substitutes for plastic packaging which is currently witnessing a decline in its popularity.
On the contrary, paper bags can help the packaging industry change its image since these bags are made from renewable sources of energy along with being recyclable and biodegradable.
Presence of substitute material to restrict market expansion
While the paper bags packaging industry continues to grow and has true potential for expansion, it could register certain hindrances in terms of the large-scale presence and adoption of the substitute materials available for consumption.
The greatest competitor for paper bag packaging is plastic packaging, which is the most common type of packaging. For instance, as per data from the US Environmental Protection Agency (EPA), more than 14.5 million tons of plastic packaging and containers were used in the commercial market in 2018. Since they offer higher performance, product acceptance, versatility, and better flexibility, plastic packaging continues to dominate a large part of the packaging industry.
Increasing innovation to open higher growth opportunities
The global sales volume is expected to reach new heights owing to the increasing investments in the innovation of new and better-performing paper bag packaging. Businesses and consumers understand the potential that paper packaging holds but at the same time, are aware of the drawbacks held by the packaging material. There are consistent activities and programs undertaken by various product providers to ensure that the disadvantages or areas of improvement around paper bags are well taken care of. For instance, paper bags come in different ranges of strength, sizes, and shapes that provide them with better durability.
Raw material supply to pose a major challenge
The paper bags packaging industry players face challenges in terms of a consistent and balanced supply of raw materials. The price of the basic resources is extremely sensitive to various issues including the political and economical state of the exporting or importing countries. This leads to changing prices and availability of the products making it difficult for businesses to carry out their operations smoothly. This causes consumers to question the cost-effectiveness of the product in comparison to other easily available substitutes.
The global paper bags packaging market is segmented based on product type, material type, and region
Based on product type, the global market is divided into flat bottom bags and multiwall bags.
Based on material type, the global paper bags packaging market is divided into white kraft and brown kraft
|Report Attributes||Report Details|
|Report Name||Paper Bags Packing Market Research Report|
|Market Size in 2022||USD 3.47 Billion|
|Market Forecast in 2030||USD 5 Billion|
|Growth Rate||CAGR of 4.61%|
|Number of Pages||210|
|Key Companies Covered||Langston Companies Inc., WestRock Company, Welton Bibby & Baron Ltd, Mondi, B&H Bag Company, Smurfit Kappi, Bee Dee Bags, Huhtamaki Group, Primepac Industrial Limited, Oji Holdings Corporation, Ecobags NZ, and NOVOLEX.|
|Segments Covered||By Product Type, By Material Type, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Europe to lead with the highest growth
The global paper bags packaging market is projected to register the highest growth in Europe due to the higher rate of product adoption, Countries like France, Germany, and Italy are the largest contributors to the regional growth. The high revenue is a result of greater consumer awareness about environmental sustainability and the willingness to undertake proactive measures to reduce pollution-related stress on ecological systems. Furthermore, the greater availability of a wide range of paper bags for packaging is another reason why multiple end-user verticals feel at ease while opting for paper bags as compared to plastic bags. The growing rate at which the regional governments have undertaken initiatives to encourage paper bag adoption by running awareness programs is equally important for Europe’s CAGR during the projection period.
The global paper bags packaging market is led by players like:
By Product Type
By Material Type
A paper bag is a carrier made of paper which is generally in the form of kraft paper. It is also known as paperboard and is produced from chemical pulp that is manufactured in a krafting process.
The global paper bags packaging market is projected to grow owing to the increased awareness amongst the population and world leaders about the importance of environmental sustainability and growth.
According to study, the global paper bags packaging market size was worth around USD 3.47 billion in 2022 and is predicted to grow to around USD 5 billion by 2030.
The CAGR value of the paper bags packaging market is expected to be around 4.61% during 2023-2030.
The global paper bags packaging market is projected to register the highest growth in Europe due to the higher rate of product adoption, Countries like France, Germany, and Italy are the largest contributors to the regional growth.
The global paper bags packaging market is led by players like Langston Companies Inc., WestRock Company, Welton Bibby & Baron Ltd, Mondi, B&H Bag Company, Smurfit Kappi, Bee Dee Bags, Huhtamaki Group, Primepac Industrial Limited, Oji Holdings Corporation, Ecobags NZ, and NOVOLEX.