Global Paper Bags Market is Expected to Thrive at a CAGR of 4.8% by 2023

in #consumer-goods6 years ago

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

  1. Executive Summary

  2. Growth Drivers & Barriers in Global Paper Bags Market

  3. Global Paper Bags Market Trends

  4. Opportunities in Global Paper Bags Market

  5. Recent Industry Activities, 2018

  6. Porter's Five Forces Analysis

  7. 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

Continue…

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