Global Paper Based Consumer Bags Market was valued at US$ 4.7 Bn in 2019 and is expected to reach US$ 8.1 Bn by 2027, at a CAGR of 7.04% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Paper bag is one such item utilized by purchaser’s auxiliary packaging for shopping, nourishment outlets, endowments, and others. The utilization of paper bag benefits nature as well as gives extensive printing are too limited time exercises at less expense.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Paper Based Consumer Bags Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Paper-Based Consumer Bags Market.
Based on product, laminated bags are estimated to hold the largest share in the global paper-based consumer bags market during the forecast period owing to it provides higher loading capacity for repetitive use and gives a higher aesthetic value to paper-based bags. In terms of end use shopping bag is expected to hold the largest share in the market in the near future due to increasing innovations in the products. On the basis of material type, Kraft Paper is expected to boost the global paper-based consumer bags market during the forecast period.
The popularity of paper-based consumer bags is increasing owing to growing demand from various end-use industries an alternative to using plastics as raising consciousness regarding environmental pollution and its harmful impacts on the atmosphere and health is boosting the global paper-based consumer bags market growth. The major driving factor of global paper-based consumer bags market is paper-based products are high bio-degradable than the plastic-based products. Increasing usage in various end-use industries such as posh wine bags, shopping bags, and gift wraps are projected to boom the market size in the forecast period. Paper bags have features such as can be print various texts and pictures on a bag with cost efficiency is also driving the global paper-based consumer bags market growth.
Various government making strict regulations regarding environmental safety across the globe is also expected to boost the global paper-based consumer bags market growth in the near future. The rising usage of paper-based consumer bags in food & beverage industries is estimated to improve the positioning of global paper-based bags market across the globe. Changing consumer preference towards the eco-friendly products is expected to surge the global paper-based consumer bags market growth during the forecast period. Improvements in food & beverages and cosmetic & personal care industry in the previous few years and rising product and packaging explorations are anticipated to fuel the global paper-based consumer bags market as well the wide range of functions of paper-based consumer bags in an huge range of uses such as gift bagging, advertisement, wine carrying, and shopping in the forecast period.
Paper-based consumer bags has good versatility and cost-efficiency is propelling the global paper-based consumer bags market growth. Manufacturers are investing in R&D is anticipated to lead the global paper-based consumer bags market growth in the near future in a positive way. The global paper-based consumer bags market is witnessing vibrant growth due to a growing demand for biodegradable products in the market across the globe. However, not capable to carry heavy products and liquids as well as its non-resistance towards chemical packaging is estimated to hamper the global paper-based consumer bags market growth in the forecast period.
In terms of region, North America is expected to hold the largest share in the global paper-based consumer bags market during the forecast period owing to strict regulations regarding the environment. Growing paper-based consumer bags usage in various consumer goods industry is projected to surge the global paper-based consumer bags market growth in the forecast period in a positive way. The Asia Pacific is estimated to lead the global paper-based consumer bags market growth during the forecast period owing to government is taking initiatives to promote the usage of a paper-based bag. Rising demand from various end-use industries such as cosmetics & personal care, apparel, footwear, and food & beverages are expected to fuel the market growth in the forecast period. Increasing urbanization with flourishing economic developments is also expected to boost the market growth in the forecast period. Growing awareness regarding environment among consumers is driving the market growth.
The Scope of the Report Paper Based Consumer Bags Market
Global Paper Based Consumer Bags Market, by Material Type
• White Board
• Matte Paper
• Kraft Paper
Global Paper Based Consumer Bags Market, by Product
Global Paper Based Consumer Bags Market, by End Use
• Shopping Bag
• Gift bag
• Promotional Bag
• Wine Bags
Global Paper Based Consumer Bags Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Paper Based Consumer Bags Market
• Smurfit Kappa Packaging, Llc.
• KapStone Paper and Packaging Corporation Company
• Guangzhou SiWei Printing & Packaging Co., Ltd.
• Wenzhou Myway Arts & Crafts Co., Ltd.
• Global-Pak, Inc.
• Segezha Group
• Ampac Holdings, Llc.
• International Paper, Inc.
• Qingdao Maxfitlabel Co., Ltd
• Interconti Systems Inc.
• Mondi Group plc.
• Novolex Holdings, Inc.
• Welton Bibby And Baron Limited
• JohnPac Inc.
• El Dorado Packaging, Inc.
• Langston Companies, Inc.
• United Bags, Inc.
• Genpak Flexible
• Paperbags Limited
• York Paper Company Limited
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