Paper Bag Market Trends, Demand, Segments, Leading Companies
and Forecast till 2031
Global paper bag
market is anticipated to grow at a CAGR of 4.7% during the forecast
period (2024–2031). The paper bag market growth is driven by several factors,
including the rising demand for shopping and food packaging, rising public
concern for marine animals and the environment, and the proliferation of
personalized branding strategies. The increasing environmental awareness,
government regulation against plastic usage, and growing consumer preference
for sustainable packing solutions are contributing to market growth. Additionally,
innovations in paper bag design and manufacturing processes, alongside the rise
of eco-friendly initiatives by businesses further fuel market
expansion.
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The flat bottom segment is anticipated to hold the major
market share. This is attributed to the fact that with growing concern about
environmental impact, consumers are seeking eco-friendly options to traditional
packing. Thus, manufacturers are developing flat-bottom paper bags made from
recycled material or material sourced sustainably from managed forests.
Europe holds the major share of the paper bags market. The
paper bag market in Europe is influenced by various factors, including
environmental consciousness, regulatory measures, consumer preferences, and
industry dynamics. A growing emphasis on sustainability and environmental
responsibility driven by increasing awareness of plastic pollution and
regulatory measures to reduce single-use plastics contributes toward the paper
bag market growth. This trend has led to a significant shift toward eco-friendly
packaging solutions such as paper bags across various industries, including
agriculture & allied industries, building & construction, food &
beverage, retail, chemicals, pharmaceutical, merchandise, and others.
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Recent Developments
Competitive Landscape:
International Paper, Holmen, Mondi Plc., Smurfit Kappa Group
Plc, and WestRock Company among others.
Global Paper Bag Market Report Segment
By Material Type
By Product Type
By Application
Regions Covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
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