Paper Bags Packaging Market Research Report - Forecast to 2030

Paper Bags Packaging Market Research Report, by Product (Flat Paper Bag, Multi-wall Paper Sacks, and Others), by End-User (Food & Beverage, Pharmaceutical, Retail, Construction, Chemicals, and Others) and by Region – Forecast To 2030

ID: MRFR/PNT/1507-HCR | February 2021 | Region: Global | 100 pages

Paper Bags Packaging Market Overview


Globally, it has been found that the paper bags packaging market has occupied a paper bag packaging market value of a CAGR of 4.35 during the market forecast period.

The paper bags packaging market is surging at a high rate where it is expected to achieve success at a significant market value during the market forecast period. Globally the packaging industry has covered a large sector and is facing competition in the whole of the marketing world. It consists of large and small market players undergoing huge competition.


COVID 19 Analysis


The outbreak of COVID has affected the nation wholly. The companies that used to play the major role have moved away from the source and farther away from China. The manufacturing unit and the supply side have been affected much and have experienced a huge downfall. There has been a drastic transformation in the demand by the end-users industries. COVID had led to the decline in the in-demand services whereas a rise in demand for online shopping took place. A profound shift in the corporate standard, some of the rules and regulations of the government, e-commerce regulations, and the taste in consumers has led to a decline in the use of eco-friendly solutions.


Competitive Landscape


Some of the major key players are



  • National Paper products company of Saudi Arabia

  • Hood Packaging Corporation of Canada

  • Hotpack Packaging Industries LLC of Mumbai

  • Paper Snacks Factory of UAE

  • International Paper Company of the United States

  • Novolex of the United States

  • Smurfit Kappa Group PLC of Ireland

  • United Bags Inc of the United States

  • B and H bag Company of the United States

  • Holmen Group of Sweden

  • Rompak of the United States

  • Georgia Pacific LLC of the United States

  • DS Smith Plc of the United Kingdom

  • OJI Holding Corporation of Japan and

  • Westhold Corporation of the United States.


These branded companies are spending too much on packaging innovation without spending on production which has helped in improving the performance of the techniques used for packaging production. These key players carry out certain strategies and depend on the recent developments and launch new products. They believe in partnership, merging, and expanding their business. Based on the product and sales side these key players are investing much more and dealing with product and sales. Their strategies involve brand building which helps in fostering strong relationships among the customers which helps them to attain a strong competitive position.


Market Dynamics


Drivers


The growth in the retail industry along with the increase in the rising in consumer priority for the use of biodegradable and use of eco-friendly packaging products. The growth in demand for users’ goods and products and the setup of numerous shopping malls where these packaging bags are in huge demand drives up the paper bags packaging market size.


Opportunities


Increase in inclination towards the use of packaged and processed food products steers up the market size and its business. The sale of paper bags has been in high demand due to the rise in availability of edible food products which keeps the content inside it fresh for a long period creating opportunities for market growth. The manufacturers are using the packaging products of high efficiency, increased reliability and high convenience to raise the opportunities.


Challenges


Arise in urbanization and implementation of new government policies is a projecting challenging factor for improvement of market size. Gaining success in an unparalleled manner in your domain acts as a challenging factor for the promotion of growth.


Cumulative growth


A high growth in market value along with the increase in CAGR value of the product has increased the growth experiences and has brought cumulative growth to the paper bags packaging industry.


Restraints


Theinability of the use of paper in the market, use of heavy materials in the industry act as a major restraining factors inhibiting the paper bag packaging market size.


Segmentation: Global Paper Bags Packaging Market


 Paper Bags Packaging


Market Segmentation


By type


Globally, the paper bags packaging industry has been divided into the product, its application, and region. Based on product, the paper bags packaging market is divided into flat paper bags, multi-purpose paper wraps, sacks, and many more. Multi wallpaper bags cover the largest market share occupying large paper bags packaging market value. These bags are marked to be the strongest bags having high durability. These bags are used for packaging up dry and powdered forms of products like dry chemicals, cement, and many more. Some of the multi-purpose bags are pasted valve bags, sewn open mouth bags, bottom open pinch paper bags, and multi wall paper bags over poly. Based on application, the poly bags are classified into food and beverages, pharma units, retail and construction sectors, chemical units, and many more. The retail units occupy a major market share and dominate society. The increase in growth and demand of consumer applications and establishing shopping units and consumer complexes in both rural and urban areas helps in rising paper bag packaging market size. Construction is another most important market segment of the industrial world. Moreover, it was noted that multiwall Kraft paper sacs have been used for cement packaging for a very long time. There has been a growth in the growing construction units which has positively steered up the market growth.


By technology


Growth and advancement in technology signify that innovation plays a major role in the development of the paper bags packaging industry. Technology has led to the advancement and innovation of various packaging products that have allowed the key players to develop new methods without sticking to the old methods. Technology led to the steering up of new product design which has helped the key players for surviving in the competitive market.


Regional Analysis


Based on the region, the paper bags packaging market has been classified into North America, some of the European region, the Asia Pacific region, and some regions in the rest of the world. The market in the North American region covers a huge market share of large paper bags packaging market value. The rise in demand for the usage of packaged foods especially in this region is bolstering up the market growth and the market size. Moreover, the region of the United States covered the largest market share and is said to be the dominant place after North America. Furthermore, the rising growth of preference for the use of hygienic packaging products and the enhancement of paper bags market growth has been marked in the pharmaceutical industry. Europe is another most dominating market where the demand for paper bags is fuelling up at a high rate where it gives priority to the steady growth during the period of 2022 to 2030. Europe plays another vital role in innovation and the development of personal care and rises the use of hygienic and beauty products. Giving high priority to sustainability and a rise in demand for the use of environment-friendly products are the important driving factors of this region.


Recent Developments



  • In April 2021, Hutamaki was said to be the dominant manufacturer which produced carton packaging, some kinds of wraps for packaging, and paper packaging bags in the regions of China.

  • Hotpack Packaging manufacturing units, in March 2017, wanted to set up a manufacturing unit in Wales, in the United Kingdom. It invests about USD 61 million and supply the facility and have adopted advanced packaging and manufacturing technology. Here the facility has been also used in the United Kingdom and some of the urbanizationEuropean region where the facility has given the opportunity to 250 jobs in the above regions.

  • In the year of April 2021, a renounceable company namely Woolworths has discovered Australian paper bags in the regions of WA, Tasmania, and the manufacturing units of Victoria.

  • Alvaro Moreno in April 2021, made a partnership with Mondi for producing paper and packaging products. These advanced packaging products led to the discovery of shopping bags, gift bags, and the manufacturing of online delivery biodegradable bags. This led to a reduction in the consumption of plastic at about 90 tonnes per year.


Report Overview


The report dealing with the packaging market carries out extensive research and gives a good analysis of the qualitative and quantitative aspects of the paper bags packaging industry. It gives information about the key leaders and gives insights into the performance of the industry and the market. It also gives a vivid scenario about the market growth and its regional and historical significance about the growing paper bags packaging market value. It signifies the technological importance and the governing factors that help in the growth of the paper bags packaging market. It also provides detailed information and the strategies so adopted by the market players, it gives about the broad study about the market segments and the regions to which it has been expanded.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   4.3% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   National Paper Products Company (Saudi Arabia), Hotpack Packaging Industries LLC (Dubai), International Paper Company (U.S.), Smurfit Kappa Group PLC. (Ireland), B&H Bag Company (U.S.), Ronpak (U.S.), DS Smith Plc. (U.K.), WestRock Company (U.S.), OJI Holding Corporation (Japan), Georgia-Pacific LLC. (U.S.), Holmen Group (Sweden), United Bags, Inc. (U.S.), Novolex (U.S.), Paper Sacks Factory (UAE), and Hood Packaging Corporation (Canada)
  Key Market Opportunities   Rapid growth in the urbanization and industrial development
  Key Market Drivers

  • Increasing demand for packaged food
  • Growing preference for hygienic packaging
  • High growth in the pharmaceutical industry


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    Frequently Asked Questions (FAQ) :


    The market growth rate in the years ahead can be 4.3%.

    The global market for paper bags packaging can witness considerable growth by 2030.

    The notable vendors in the market are Hood Packaging Corporation (Canada), International Paper Company (U.S.), Smurfit Kappa Group PLC. (Ireland), Holmen Group (Sweden), Ronpak (U.S.), DS Smith Plc. (U.K.), WestRock Company (U.S.), Hotpack Packaging Industries LLC (Dubai), National Paper Products Company (Saudi Arabia), United Bags, Inc. (U.S.), Novolex (U.S.), OJI Holding Corporation (Japan), Paper Sacks Factory (UAE), Georgia-Pacific LLC. (U.S.), B&H Bag Company (U.S.), and others.

    The primary strategies adopted by the market players are partnership & collaboration, new product development, expansion and merger & acquisition, and more.

    The product-based market segments are Multi-wall Paper Sacks, flat Paper Bag, and others.

    It has been marked that the Asia Pacific region has shown high growth and has carried a high paper bags [packaging market value. An increase in demand for packaging bags has contributed severely towards growth.