Paper Bags Packaging Market Size was valued at USD 3468.9 million in 2021. The Paper Bags Packaging market industry is projected to grow from USD 3630.2 million in 2022 to USD 4990.05 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.65% during the forecast period (2022 – 2030).
Escalating demand for eco-friendly packaging solutions due to growing environmental concerns is projected to increase the market growth of paper-based packaging. Increasing awareness among consumers regarding sustainable packaging is also contributing to the market growth of paper-based packaging. Also, arising government strict regulations regarding environmental protection will further accommodate the market growth of paper-based packaging.
Paper bag manufacturers have begun delivering biodegradable paper bags, which are eco-friendly as well as classy, and long-lasting. Biodegradable paper bags are simple to produce and non-toxic to the environment. Paper carry bags are presently being used by significant retailers since they’re environmentally friendly, easy to reuse, and recyclable.
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Regional Analysis
The global paper bags market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Due to the existence of several industrial industries with evolving retail sectors as a result of fast-augmenting urbanization and modernization, the Asia Pacific region dominated the global paper bags market in 2021. According to the Down To Earth Organization, the Asia- Pacific metropolitan population reached over 2.3 billion, fueling the necessity for paper bags in urban retail stores.
Over the estimated period, Europe is anticipated to maintain the second-largest share of the global paper bag packaging market. Personal care, beauty, and hygiene product inventions and developments, a rising focus on sustainability, increased demand for consumer-friendly products that are smoothly transportable and lightweight, and growing demand from the expanding food and beverage, and retail industries in Spain, Germany, and France are all participating to the region’s global paper bag packaging market growth. Germany has the largest market share in Europe.
The United States holds the largest market share in North America. Moreover, due to significant-Commerce growth, severe laws and limits restricting plastic usage, and greater consumer consciousness and expenditure, North America is anticipated to rise in the global paper bag market.
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Market Segmentation
The global paper bags packaging market is divided into;
By Material Type
• Brown Kraft
• White Kraft
By Product Type
• Multiwall Bags
• Flat Bottom Bags
Key Players
WestRock Company, Smurfit Kappa, Oji Holdings Corporation, Welton Bibby & Baron Ltd, and NOVOLEX.
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