New York, NY, May 06, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Paper Bags Market by Type (Sewn Open Mouth, Pinched Bottom Open Mouth, Pasted Valve, Pasted Open Mouth, Flat Bottom, and Others), by Material Type (Brown Kraft and White Kraft), and by End-User (Agriculture & Allied Industries, Building & Construction, Food & Beverage, Retail, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global paper bags market was valued at USD 4.7 billion in 2018 and is expected to reach USD 6.35 billion by 2025, at a CAGR of 4.4% between 2019 and 2025.
Paper bags are an essential product in modern life. Paper bags are a multi-purpose and cost-effective method to preserve, shield, and carry various types of goods. Paper bags are recyclable, eco-friendly, convenient, customizable, and available in various sizes. The global paper bags market is expected to grow rapidly in the fut6ure, owing to the stringent regulations regarding plastic bags that are negatively affecting the environment across the globe. Moreover, the rising population in developing countries like China, India, and Brazil has propelled the demand for shopping, which, in turn, has increased the use of paper bags. Additionally, the increasing demand for cosmetics and personal care products is also expected to drive the paper bags market for these applications. However, the fluctuating product prices may hamper the paper bags market globally in the years ahead. Conversely, the increasing innovation in product design is estimated to create new opportunities for market growth in the future.
Browse through 105 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Paper Bags Market: Industry Size, Share, Growth, Analysis, and Forecast, 2018–2025”.
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The global paper bags market is classified on the basis of type, material type, and end-user. The type segment of the paper bags market includes pasted open mouth, sewn open mouth, pinched bottom open mouth, flat bottom, pasted valve, and others. In 2018, pinched bottom open mouth bags accounted for the largest market share as they are widely used for packaging across various industries. The sewn open mouth is expected to grow at the fastest pace in the upcoming years. Based on material type, the paper bags market is bifurcated into brown kraft and white kraft. Brown kraft is the dominating material type of the global paper bags market and is projected to show the highest growth rate over the forecast time period. The end-user segment of the paper bags market is divided into agriculture and allied industries, building and construction, food and beverage, retail, chemicals, and others. The retail segment is the largest consumer of paper bags, due to the growing number of retailers across the globe. Moreover, the food and beverage segment is projected to grow at the highest rate in the next few years, owing to the growing global food packaging industry.
North America North American paper bags market dominated globally in 2018. This regional dominance can be attributed to the region’s growing food and beverage industry. Additionally, the increasing demand for paper bags by the chemical industry is also likely to propel the region’s paper bags market growth. Moreover, the rising demand for consumer goods and the development of consumer stores and shopping complexes in urban and rural areas have ultimately increased the demand for paper bags, thereby, propelling this regional market.
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The Asia Pacific region was the second largest paper bags market globally in 2018 and is projected to be the fastest growing regional market in the future. This can be attributed to the changing lifestyle and the growing population, which has propelled the demand for food packaging solutions. The increasing demand for paper bags in India due to the ban on plastic bags by the government is anticipated to further drive the paper bags market growth in this region. Moreover, the rising application of paper bags by the Chinese chemical industry has further boosted the region’s paper bags market.
Europe paper bags market is predicted to grow significantly in the future, owing to the growing use of paper bags in the retail and food and beverage sectors. The rising demand for paper bags in the food industry is expected to increase the market share of Europe globally. Moreover, the increasing demand for consumer-friendly products, which are easily transportable and lightweight, is also projected to fuel the paper bags market.
Browse the full “Paper Bags Market by Type (Sewn Open Mouth, Pinched Bottom Open Mouth, Pasted Valve, Pasted Open Mouth, Flat Bottom, and Others), by Material Type (Brown Kraft and White Kraft), and by End-User (Agriculture & Allied Industries, Building & Construction, Food & Beverage, Retail, Chemicals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/paper-bags-market
Simple to use, easy to make, and cost-effective features of paper bags are driving the paper bags market in Latin America. Brazil is anticipated to be the leading consumer of paper bags in the region. The Middle East and Africa region is expected to grow moderately in the future, owing to the region’s flourishing food industry, which widely uses paper bags to preserve food products like snacks, baked foods, and others, and the increasing innovation in the paper bags design.
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Some key players of the global paper bags market are Langston Companies, Novolex Holdings, Smurfit Kappa Group, Global-Pak, Ronpak, United Bags, El Dorado Packaging, International Paper Company, Genpak Flexible, JohnPac, Paperbags Limited, The Mondi Group, and York Paper Company Limited.
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This report segments the global paper bags market into:
Global Paper Bags Market: Type Analysis
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
- Others
Global Paper Bags Market: Material Type Analysis
- Brown Kraft
- White Kraft
Global Paper Bags Market: End-User Analysis
- Agriculture and Allied Industries
- Building and Construction
- Food and Beverage
- Retail
- Chemicals
- Others
Global Paper Bags Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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