Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.81 Billion | USD 6.10 Billion | 4.82% | 2024 |
FrequentlyAsked Questions
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 global paper bags packaging market is expected to grow due to rising environmental concerns, government bans on plastic bags, increasing demand for sustainable packaging, and growth in retail and food industries.
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 global paper bags packaging market is expected to grow at a CAGR of 4.82% during the forecast period.
North America is expected to dominate the paper bags packaging market over the forecast period.
Leading players in the global paper bags packaging market include Smurfit Kappa (Ireland), International Paper Company (U.S.), Huhtamaki Oyj (Finland), Mondi (U.K.), Rengo Co. Ltd. (Japan), Oji Holdings Corporation (Japan), Welton Bibby & Baron Ltd (U.K.), Novolex Holdings Inc. (U.S.), ProAmpac (U.S.), United Bags (U.S.), Global-Pak (U.S.), Ronpack (U.S.), Packman Packaging (India), Gelpac (Canada), Southern Packaging, LP (U.S.), among others.
The report explores crucial aspects of the paper bags packaging market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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