Categories: Market Research

Paper Bag Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Paper Bag Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Paper Bag Global Market Report 2024, The paper bag market size has grown strongly in recent years. It will grow from $5.87 billion in 2023 to $6.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to environmental awareness and regulations, consumer preferences and lifestyle changes, retail and packaging trends, raw material availability and prices, brand image and corporate social responsibility (CSR).

The paper bag market size is expected to see strong growth in the next few years. It will grow to $7.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to circular economy and recycling infrastructure, e-commerce expansion, global packaging regulations, rising consumer awareness, supply chain resilience. Major trends in the forecast period include innovations in design and functionality, technological advancements in manufacturing, brand image and corporate social responsibility (CSR), technological advancements in manufacturing, emphasis on lightweight and durable materials.

The increasing online food delivery services are expected to propel the growth of the paper bag market going forward. Food delivery services refer to online third-party food-ordering systems that deliver authorized food products. Paper bags are a versatile and eco-friendly packaging option that can provide a range of benefits for online food delivery services such as branding opportunities, moisture resistance, heat retention, and eco-friendly alternative to plastic bags and other packaging materials. For instance, in July 2022, according to Zomato Ltd., an India-based food delivery company, In the fiscal year 2022, Zomato fulfilled 535 million orders, marking a substantial 124% increase compared to the previous fiscal year, FY21. Therefore, the increasing online food delivery services are driving the growth of paper bags.

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The paper bag market covered in this report 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

5) By End-User: Food And Beverages, Pharmaceutical, Retail, Construction, Chemicals, Other End-Users

Major companies operating in the paper bag market are developing new products such as eco-friendly VFFS paper bags to gain a competitive edge in the market. Vertical Form Fill Seal (VFFS) is a packaging machine technology used in the food, pharmaceutical, and other industries to create, fill, and seal bags or pouches with a variety of products. For instance, in March 2022, WePack Ltd, a UK-based contract packing company, launched eco-friendly Vertical Form Fill Seal (VFFS) solution made entirely from paper. The VFFS paper bags are created using a continuous stream packing method. Comprising robust bags made from 100% paper, these pouches can be heat-sealed for storing dry and food products. The recyclable paper film allows for full branding without the need for additional labeling, and the bags can be formed into stand-up pouches, saving space and reducing transport costs compared to alternatives glass jars or plastic packaging. WePack offers customization options for branding, using food-safe inks and providing plain or printed pouches to meet diverse business needs.

The paper bag market report table of contents includes: