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Paper Bag Packaging Market : Booming Retail Sector to Stimulate the Global Paper Bag Packaging Market: Forecast (2017-2023)Market Overview
The global Paper Bag Packaging market is predicted to register 4.3% CAGR during the forecast period (2017-2023) owing to the booming retail sector, asserts Market Research Future (MRFR).
Paper bag can be referred to as a pre-formed container made out of paper. Paper bag packaging is the conversion of paper to packaging. Communication, food, and consumer products are some of the major industries that use Paper Bag Packaging, which further leads to these sectors being more accessible to consumers. Advancing packaging technology has given rise to innovations in the companies that use paper bags, thus preferring paper bags to conventional methods of packaging.
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Competitive Dashboard
The prominent players operating the global Paper Bag Packaging market are -
• OJI Holding Corporation (Japan)
• Novolex (U.S.)
• National Paper Products Company (Saudi Arabia)
• Hotpack Packaging Industries LLC (Dubai)
• International Paper Company (U.S.)
• Georgia-Pacific LLC. (U.S.)
• Hood Packaging Corporation (Canada)
• WestRock Company (U.S.)
• Ronpak (U.S.)
• DS Smith Plc. (U.K.)
• Paper Sacks Factory (UAE)
• Holmen Group (Sweden)
• Smurfit Kappa Group PLC. (Ireland)
• United Bags Inc. (U.S.)
• B&H Bag Company (U.S.)
Industry Updates
December 05, 2018: BagFactory, a non-woven ecofriendly bags manufacturer in Lithuania, specializes in producing non-woven eco bags with the help of innovative sewing technology. They have launched two new production lines in Lithuania for twisted handle kraft bag and laminated non-woven bags production. They are now offering three types of eco-friendly products; twisted handle kraft paper bags, non-woven pp reusable bags, and laminated on-woven/reusable woven bags.
Drivers and Constraints Impacting the Market
With the booming retail sector in the developed regions, the global Paper Bag Packaging market is likely to flourish. Advanced innovation in product design, growing penetration of the retail sector into the emerging markets, and strong consumer base in retail sales are some of the major factors propelling the market growth across the globe. Paper bags also offer many eco-friendly benefits. They are recyclable, reusable, cheap to produce, biodegradable, and light in weight. Such factors further alleviate the consumption of processed and packaged food among the consumers, which triggers the demand for paper bags across the globe. Advancements in the packaging technology have enabled companies to innovate products. Moreover, companies are focusing on product designs in order to survive in the competitive market. Such factors are fostering the market growth during the assessment period.
On the flip side, paper bags are more expensive than the plastic ones. Thus most of the business owners increase the price of the products due to the price of the packaging. Moreover, there are high chances of paper bags to break due to heavyweight. Such factors are considered to impede the market growth during the estimated period.
Global Paper Bag Packaging Market: Segmental Analysis
The global Paper Bag Packaging market has been segmented on the basis of product, end-user, and region.
By mode of product, the global Paper Bag Packaging market has been segmented into multi-wall paper sacks, flat paper bag, and others. Among these, the multi-wall paper sacks projects for the largest market share during the forecast period. Multi-wall paper sacks are durable and stronger and are often used for packing dry & powered form of materials such as cement, dry chemicals, and others. Multi-wall paper bag available in the market are sewn open mouth bags, pasted valve bags, pinch bottom open mouth bags, and multi-wall paper over poly.
By mode of end-users, the global Paper Bag Packaging market has been segmented into pharmaceutical, food & beverage, construction, retail, chemicals, and others. Among these, the retail sector is estimated to dominate the application segment owing to the increasing demand for consumer good. Also, establishment of consumer stores and shopping complexes in the rural and urban areas triggers the demand for Paper Bag Packaging. The construction is yet another major application segment of the market as multi-wall kraft paper sacks are used for cement packaging, thereby augmenting the demand in the construction sector.
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Regional insights
Geographically, the Paper Bag Packaging market span across regions namely, Asia Pacific, North America, Europe, and Rest-of-the-World.
Among all the regions, the North American region is estimated to dominate the global Paper Bag Packaging market owing to the rising demand for packaged food in this region. With the increasing preference for hygienic packaging coupled with the rising growth in the pharmaceutical industry, the market for Paper Bag Packaging is considered to propel.
The European region is presumed to contribute significantly to the market growth as this region plays a key role in the development and innovation of hygiene, personal care, and beauty products. Moreover, the increasing focus on sustainability and the growing demand for consumer-friendly products which are easily transportable and are light in weight are driving the market in this region.
Asia Pacific is estimated to expand at the highest CAGR owing to the high growth in the packaging industry. Increasing urban population coupled with the growing industrial development in the developing countries further accelerate the market growth. China accounts for the largest share in this region owing to the rapid growth in industrialization and urbanization.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Product
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued........
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Contact Info:
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