A recent report by KD market insights titled as "Paper Bags Market - By Product (Flat Paper Bag, Multi-Wall Paper Sacks, Others), By Application (Food & Beverages, Pharmaceutical, Retail, Others) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Paper Bags Market competitors share and region wise analysis around the globe.
Global paper bags market accounted for USD 4,535.8 million in 2017 and is estimated to reach USD 7,945.6 million in 2023, registering a compound annual growth rate (CAGR) of 4.8% between 2017 and 2023.
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Growth Drivers & Barriers
Advantages of paper bags such as durability and convince are positively impacting the growth of the market. Addition to that, paper bag can also be recycled which offers significant environmental benefits as compared with plastic bags.
Stringent government rules and regulations to curb environmental pollution is fueling the growth of paper bags market. Government of various nations has banned the use of plastic carry bags, thus promoting the use of paper bags. Apart from this, increasing environmental awareness among population has led to the growing adoption of paper bags in various supermarkets and retail stores. This rising demand for paper bags has forced manufacturer to bring innovation and new product developments which bodes well for the growth of the market.
Features such as cost effective, easy to manufacture and recyclable is resulting in the entry of new manufacturers in the market which are believed to shape the growth of the market. Further, factors like growing number of retail stores across the globe will impel the growth of the market.
Regional Outlook:
In the terms of geography, the paper bags market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Asia Pacific is slated to account for highest percentage of market share in overall paper bags market during the forecast period. North America paper bags market accounted for second position in overall paper bags market in 2017.
Segmentation
The research offers a comprehensive analysis of paper bags market with respect to following sub-markets:
By Product
Flat Paper Bag
Multi-Wall Paper Sacks
Others
By Application
Food & Beverages
Pharmaceutical
Retail
Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
The Mondi Group plc
Smurfit Kappa Group
International Paper Company
Novolex Holdings, Inc
Ronpak
Welton Bibby And Baron Limited
JohnPac Inc
El Dorado Packaging, Inc
Langston Companies, Inc.
United Bags, Inc.
Others Major and Niche Key Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Barriers in Global Paper Bags Market
Global Paper Bags Market Trends
Opportunities in Global Paper Bags Market
Recent Industry Activities, 2018
Porter's Five Forces Analysis
Global Paper Bags Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Paper Bags Market Segmentation Analysis, By Product
8.1. Introduction
8.2. Market Attractiveness, By Product
8.3. BPS Analysis, By Product
8.4. Flat Paper Bag Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Multi-Wall Paper Sacks Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Paper Bags Market Segmentation Analysis, By Application
9.1. Introduction
9.2. Market Attractiveness, By Application
9.3. BPS Analysis, By Application
9.4. Food & Beverages Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Pharmaceutical Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Retail Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
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