Paper Bags Market By Product (Flat Paper Bags, Multi Wall Paper Bags, Others), By Application (Food & Beverages, Pharmaceutical, Retail, Construction, Chemicals, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 – 2027
Key Market Insights
"Increase the use of paper bags and a ban on the use of plastic will spur the market revenue growth"
The global paper bags market accounted for US$ 4.8 Bn in 2018 and is anticipated to grow to US$ 7.3 Bn growing at a CAGR of 4.6% during the forecast period from 2019 to 2027.
Constantly expanding interest for paper bags from retail division because of solid development in the retail sector combined with changing the inclination of buyers towards biodegradable packaging are factors multiplying the interest in the paper bags market. Due to changing administrative guidelines worldwide, restriction on single-use plastics and expanding pattern for feasible packaging solutions are factors further supporting the paper bags market growth. For example, in 2015, The European government passed a mandate 94/62/EC for the utilization of plastic bags which thusly constrained retailers to change from plastic bags to paper bags. Moreover, the rising interest in on-the-go retail food is one of the variables driving the paper bags market. Aside from this, the recyclability of paper and advancement in the packaging business has permitted organizations to innovate their products. Furthermore, rapid urbanization, increasing per capita income, and quickly changing lifestyles are proliferating the market.
Grade Analysis
"Multi-Wall Paper Bag to dominate the market throughout the forecast period"
Based on the product, the paper bags market is further classified into flat paper bags, multi-wall paper bags, and others. The multi-wall paper bags segment dominated the market with more than 45% of the market share. This is due to the benefits offered by these bags including strong, and durable among others. Multi-wall paper bags can further be classified into paste vale bags, sewn open mouth bags, and pinch bottom open mouth bags among others.
In contrast, the flat paper bags segment is expected to witness the highest growth during the forecast period. This is due to these bags are commonly used for bakeries, groceries, cafes, and in the food & beverage industry. This is due to they are lightweight, reliable, recyclable, and cost-effective.
End-user Analysis
"Retail segment expected to dominate the market during the forecast period"
Based on the application the global paper bag market is segmented into food & beverage, pharmaceutical, retail, construction, chemicals, and others. The retail segment led the market and accounted for the major revenue share. This can be attributed to the rising demand for consumer goods and the increasing number of retail stores across the globe. Ban on single-use plastic has forced retailers to shift from using plastic bags to paper bags.
On the other hand, the construction segment is expected to witness the highest growth during the forecast period. This can be associated with the increasing usage of multi-wall kraft paper sacks cement packaging so as the demand for cement is increasing simultaneously the paper bags market will also proliferate.
Regional Analysis
"Rising environmental concerns to bolster the growth in the Asia Pacific region"
In 2018, the Asia Pacific region is leading the global paper bags market and accounted for more than 30% of revenue generated globally. This can be associated with, rising urbanization, bolstering the retail industry, and modernization in developing regions including China, and India among others. Additionally, the rising purchasing power, changing the lifestyle of the consumers, and preference for biodegradable products in the region are further fueling the market growth in the region.
In contrast, the North American region is trailing the Asia Pacific region and accounts for a share of more than 23% of the market. This growth can be associated with rising concerns towards sustainable packaging solutions and government initiatives in the region.
List of Companies Covered:
- DS Smith Plc
- National Paper Products Company
- WestRock Company.
- Oji Holdings Corporation
- Holmen Group.
- International Paper Company
- Hotpack Packaging Industries LLC
- Paper Works Industries
- Paper Sacks Factory
- Kappa Group plc.
- Sappi Limited
Key Industry Development:
- In March 2019, Sappi Limited announced the commercialization of two new packaging products Proto and Spectro. These products have high-quality print capabilities and consistency.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Product Segment (2017–2027; US$ Bn) |
|
Application Segment (2017–2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall Paper Bags market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the paper bags market and valuable opportunities for emerging players?
- Estimated forecast and market projections up to 2027
- Which segment accounts for the fastest CAGR during the forecast period?
- Which application segment holds a larger market share and why?
- Are low and middle-income economies investing in the paper bags market?
- Which is the largest regional market for paper bags?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- The worldwide market value of the Paper Bags market in 2017 and 2018Which are the key trends driving the global paper bags market growth?
- Who are the leading service providers in the paper bags market worldwide?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Product
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Paper Bags (PB) Market
2.2. Global PB Market, by Product, 2018 (US$ Mn)
2.3. Global PB Market, by Application, 2018 (US$ Mn)
2.4. Global PB Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global PB Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Paper Bags (PB) Market, by Product , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Flat Paper Bags
4.3. Multi Wall Paper Bags
4.4. Others
5. Global Paper Bags (PB) Market, by Application, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Food & Beverages
5.3. Pharmaceutical
5.4. Retail
5.5. Construction
5.6. Chemicals
5.7. Others
6. North America Paper Bags (PB) Market Analysis, 2017-2027 (US$ Mn)
6.1. Overview
6.1.1. North America PB Market Value and Growth, 2017-2027, (US$ Mn)
6.2. North America PB Market Value, By Product, 2017-2027 (US$ Mn)
6.2.1. Market Analysis
6.3. North America PB Market Value, By Application, 2017-2027 (US$ Mn)
6.3.1. Market Analysis
6.4. North America PB Market Value, By Region/Country, 2017-2027 (US$ Mn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Paper Bags (PB) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. Europe PB Market Value and Growth, 2017-2027, (US$ Mn)
7.2. Europe PB Market Value, By Product, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. Europe PB Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. Europe PB Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Paper Bags (PB) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Asia Pacific PB Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Asia Pacific PB Market Value, By Product, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific PB Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific PB Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Paper Bags (PB) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Rest of the World PB Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Rest of the World PB Market Value, By Product, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World PB Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World PB Market Value, By Region, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. DS Smith Plc
10.2. National Paper Products Company
10.3. WestRock Company.
10.4. Oji Holdings Corporation
10.5. Holmen Group.
10.6. International Paper Company
10.7. Hotpack Packaging Industries LLC
10.8. Paper Works Industries
10.9. Paper Sacks Factory
10.10. Kappa Group plc.
10.11. Sappi Limited
* PB - Paper Bags
TABLE 1 Market Snapshot: Global Paper Bags (PB) Market
TABLE 2 Global PB Market, by Product, 2017–2027 (US$ Mn)
TABLE 3 Global PB Market, by Application, 2017–2027 (US$ Mn)
TABLE 4 Global PB Market, by Geography, 2017–2027 (US$ Mn)
TABLE 5 North America PB Market, by Product, 2017–2027 (US$ Mn)
TABLE 6 North America PB Market, by Application, 2017–2027 (US$ Mn)
TABLE 7 North America PB Market, by Country, 2017–2027 (US$ Mn)
TABLE 8 Europe PB Market, by Product, 2017–2027 (US$ Mn)
TABLE 9 Europe PB Market, by Application, 2017–2027 (US$ Mn)
TABLE 10 Europe PB Market, by Country, 2017–2027 (US$ Mn)
TABLE 11 Asia Pacific PB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 12 Asia Pacific PB Market, by Product, 2017–2027 (US$ Mn)
TABLE 13 Asia Pacific PB Market, by Application, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific PB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 15 RoW PB Market, by Product, 2017–2027 (US$ Mn)
TABLE 16 RoW PB Market, by Application, 2017–2027 (US$ Mn)
TABLE 17 RoW PB Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 DS Smith Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 19 National Paper Products Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 20 WestRock Company.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 21 Oji Holdings Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 22 Holmen Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 23 International Paper Company.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 24 Hotpack Packaging Industries LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 25 Paper Works Industries.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 26 Paper Sacks Factory.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 27 Kappa Group..: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
TABLE 28 Sappi Limited.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Developments)
FIG. 1 Global Paper Bags (PB) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global PB Market Segmentation
FIG. 4 Global PB Market, by Product, 2018 (US$ Mn)
FIG. 5 Global PB Market, by Application, 2018 (US$ Mn)
FIG. 6 Global PB Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key PB Market Vendors, 2018
FIG. 9 Global PB Market, by Product, 2017–2027 (US$ Mn)
FIG. 10 Global PB Market, by Flat Paper Bags, Value, 2017–2027 (US$ Mn)
FIG. 11 Global PB Market, by Multi Wall Paper Bags, Value, 2017–2027 (US$ Mn)
FIG. 12 Global PB Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 13 Global PB Market, by Application, 2017–2027 (US$ Mn)
FIG. 14 Global PB Market, by Food & Beverages, Value, 2017–2027 (US$ Mn)
FIG. 15 Global PB Market, by Pharmaceutical, Value, 2017–2027 (US$ Mn)
FIG. 16 Global PB Market, by Retail, Value, 2017–2027 (US$ Mn)
FIG. 17 Global PB Market, by Construction, Value, 2017–2027 (US$ Mn)
FIG. 18 Global PB Market, by Chemicals, Value, 2017–2027 (US$ Mn)
FIG. 19 Global PB Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 20 U.S. PB Market, 2017–2027 (US$ Mn)
FIG. 21 Rest of North America PB Market, 2017–2027 (US$ Mn)
FIG. 22 U.K. PB Market, 2017–2027 (US$ Mn)
FIG. 23 Germany PB Market, 2017–2027 (US$ Mn)
FIG. 24 France PB Market, 2017–2027 (US$ Mn)
FIG. 25 Italy PB Market, 2017–2027 (US$ Mn)
FIG. 26 Rest of Europe PB Market, 2017–2027 (US$ Mn)
FIG. 27 Japan PB Market, 2017–2027 (US$ Mn)
FIG. 28 China PB Market, 2017–2027 (US$ Mn)
FIG. 29 India PB Market, 2017–2027 (US$ Mn)
FIG. 30 Rest of Asia Pacific PB Market, 2017–2027 (US$ Mn)
FIG. 31 Middle East & Africa PB Market, 2017–2027 (US$ Mn)
FIG. 32 Latin America PB Market, 2017–2027 (US$ Mn)
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