Global Paper Based Consumer Bags Market Overview
Paper Based Consumer Bags are increasingly being used as in various packaging applications as an alternative to using plastics on account of increasing awareness regarding environmental pollution and its negative impacts on the atmosphere and human as well as animal health. The major reason behind the rise in use of paper based consumer bags is on the back of high bio-degradability factor of paper based products than plastic based bags. Paper based consumer bags have been gaining motion in the market on account of its various uses as gift wraps, posh wine bags, shopping bags and more. Paper bags provide an extensive feature of printing various pictures and texts on a bag at much lower costs than plastics for serving advertisement purposes. Laminated bags gives a higher aesthetic value to paper based bags and provide higher loading capacity for repeated use. The paper based bags can be made from Kraft papers, recycled papers or even white papers. The high use of paper based consumer bags at food outlets is expected to improve the positioning of paper based bags in the market around the globe. Paper based consumer bags provide equally good versatility as plastic bags and are more cost efficient which makes them a proficient choice for protecting, transporting and preserving a wide range of consumer items.
Market Size & Forecast
Paper Based Consumer Bags Market is anticipated to record a CAGR of 6.8% over the forecast period. Paper based consumer bags is expected to reach the value of USD 347 million at the end of the forecast period. Many multi-national companies are concentrating towards new product advances in paper based consumer bags to make them more aesthetically appealing. Moreover, the many advantageous properties of paper based consumer bags are exploited for sustainable environment now and then. New uses for paper based consumer bags are discovered in various end-user purposes on regular basis which is expected to drive the paper based consumer bags market rapidly. Currently the global paper based consumer bags market is observing vibrant growth owing to increasing demand of biodegradable products in the market. Advances in food and cosmetic industry in the past few years and growing product and packaging explorations are projected to drive paper based consumer bags market besides the wide range of functions of paper based consumer bags in an immense range of uses such as advertisement, gift bagging, wine carrying, shopping and more during the forecast period. On the basis of regional platform, global Paper Based Consumer Bags market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
As a developed region with strict environmental regulations, North America is panned to observe substantial paper based consumer bags market growth due to rising paper based consumer bags usage in various consumer goods industry. North America is estimated to be followed by Europe in terms of consumption due to expanding paper based consumer bags requirements in cosmetics and apparel shopping and advertisement industries. Asia Pacific is expected to drive the demand and positively impact paper based consumer bags market growth over the forecast period owing to increasing paper based consumer bags application for regular use bags on account of increasing government initiatives. Due to multiplying paper based consumer bags uses in growing end-use industries such as cosmetics, personal care, apparel, footwear and more for aesthetic packing and advertisement purposes, Asia Pacific is budding as a regional paper based consumer bags consumption market.
Our-in depth analysis of the global Paper Based Consumer Bags market includes the following segments:
By Material Type
- White Board
- Matte Paper
- Kraft Paper
By Bag Type
- Gift bag
- Shopping Bag
- Promotional Bag
- Wine Bags
Global Paper Based Consumer Bags Market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
The rising demand for paper based consumer bags for various preserving, packing and carrying purposes in wine, footwear, personal care and other industries are expected to drive the market rapidly over the forecast period. The growing R&D activity associated with paper based consumer bags in various end use markets for better designing, cost efficiency; good quality printing and increasing the baggage’s aesthetic value is further expected to increase the market growth. The property of biodegradability of paper based products and increasing push from the environmental regulatory bodies to use eco-friendly products is expected to contribute significantly in the growth of paper based consumer bags market over the forecast period. Rapid urbanization with flourishing economic development has resulted in increased environmental concerns and thus, increased awareness in the consumer as well as manufacturing population which is expected to boost the paper based consumer bags market around the developed as well as developing regions around the world.
However, non-applicability of paper based consumer bags for carrying heavy products or liquids as well as its non-resistance towards chemical packaging is estimated to sluggish the sturdy growth of the paper based consumer bags market.
Top Featured Companies Dominating the Market
- International Paper, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- 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.
- Interconti Systems Inc.
- Qingdao Maxfitlabel Co., Ltd.