The Paper Bag Global Market Report 2023, provides comprehensive information on the paper bag market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/paper-bag-global-market-report
The global paper bag market size is expected to grow from $5.59 billion in 2022 to $5.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.01%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global paper bag market size is expected to reach $7.25 billion in 2027 at a CAGR of 5.43%.
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Product innovation is a key trend gaining popularity in the paper bag market. Major market players in paper bags are concentrating their efforts on creating innovative products to sustain their market position. For instance, in October 2020, Seaman Paper, a US-based pulp and paper company, launched Vela bags, a brand of clear paper bags intended to replace single-use plastic poly bags. Vela bags are made of FSC®-certified paper and are recyclable, sturdy, and transparent, making them an efficient and sustainable alternative to plastic, which can be used to protect garment products along the supply chain, among other things. It is strong and weather-resistant, keeping things safe from humidity, moisture, and dust while in transit, and also transparent, enabling visual product inspection and manual barcode scanning. The resealable strip allows the bag to be closed and opened several times.
The paper bag market is segmented:
1) By Type: Flat Bottom Bags, Pinched Bottom Bags, Sewn Open Mouth Bags, Pasted Valve Bags, Other Types
2) By Material Type: Brown Kraft, White Kraft
3) By Usage: Single Use, Reusable
4) By Distribution Channel: Convenience Stores, Supermarkets Or Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels
North America was the largest region in the paper bag market in 2022.
The table of contents in TBRC’s paper bag market report includes:
1. Executive Summary
2. Paper Bag Market Characteristics
3. Paper Bag Market Trends And Strategies
4. Paper Bag Market – Macro Economic Scenario
5. Paper Bag Market Size And Growth
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26. Africa Paper Bag Market
27. Paper Bag Market Competitive Landscape And Company Profiles
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Paper Bag Market
29. Paper Bag Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Burgass Carrier Bags
- CEE Schisler Packaging Solutions
- Gilchrist Bag Manufacturing LLC
- International Paper
- Mondi plc
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