Growing Retail, Food and Beverage Sectors to Drive Paper Bags Packaging Market
The global paper bags packaging market is expected to exhibit a steady 4.3% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The report presents a detailed forecast for the global paper bags packaging market’s trajectory over the forecast period from 2017 to 2023. Historical data about the global paper bags packaging market is provided in detail in the report. This data is used to make accurate projections about the market’s likely growth trajectory over the forecast period. Detailed assessment of the global paper bags packaging market’s competitive landscape is also provided in the report. Major players operating in the global paper bags packaging market are profiled in the report. The leading competitive trends making a difference in the global paper bags packaging market are examined in the report. The impact of the COVID-19 pandemic on the global paper bags packaging market is also studied in the report.
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Paper bags packaging has become widely popular in recent years due to the growing awareness about the adverse effects of plastic packaging on the environment. Plastic packaging is not biodegradable, leading to it staying in the environment for long periods of time without degrading. Plastic packaging is photodegradable but not biodegradable, which makes it a considerable environmental burden to carry. This has led to a growing demand for biodegradable packaging that doesn’t cause an adverse effect on the environment. This has been a major driver for the paper bags packaging market over the last few years, as paper bags are completely biodegradable and thus present no threat to the environment where they are dumped. Growing government support for environmentally viable packaging materials has led to significant product innovation in paper packaging products in the last few years. Many companies have made significant investments in discovering strong, durable paper packaging products that can hold considerable weights without breaking. Developing paper packaging products that are resistant to moisture has also been a major target for players in the market, as moisture can majorly weaken the integrity of paper packaging products and cause the packaging products to tear and break.
The growing demand for packaged food and beverages is likely to be a major driver for the global paper bags packaging market over the forecast period. The food and beverage industry has emerged as a major consumer of paper bags packaging in recent years due to the growing demand for packaged food and the growing popularity of home delivery services in the food services sector. The pharmaceutical sector is also a major consumer of paper bags packaging and is likely to retain a major share in the global paper bags packaging market over the forecast period. The growing retail sector across the world is likely to be a major driver for the global paper bags packaging market over the forecast period. The growing retail sector in emerging regions such as Asia Pacific and the Middle East is a major driver for the global paper bags packaging market.
Market Segmentation
The global paper bags packaging market has been segmented based on products and applications. On the basis of product, the market for paper bags packaging is segmented based on multi-wall paper sacks, flat paper bags, and others. Additionally, the market on the basis of application/end-users, is segmented into pharmaceutical, food & beverage, construction, retail, chemicals, and others.
Factors like increased investment in packaging design facilities as well as rising demand for packaged goods support the paper bags packaging market growth. The performance of the paper bags packaging market has also been studied for the past and current years. Additionally, the paper bags packaging market report provides analysis of these segments. The paper bags packaging market segmental analysis provided in the report offers major details about the paper bags packaging market performance and future.
Detailed Regional Analysis
The regional assessment of the paper bags packaging market includes Europe, Asia Pacific, North America and Rest of the regions in the market. The North American regional paper bags packaging market works the worldwide market. The inclination for sterile packaging and the raised development in the medical industry in the North American region is powering the change of the paper bags packaging market. The European region is one more principal market and is estimated to back the paper bags packaging market’s progress noticeably in the forecast period. The united demand for packaged food in this region is inspiring the fruition of the market. The European region shows an vital part in the upgrading and expansion of hygiene, personal care, and beauty merchandises. The elevated improvement in the packaging industry in the Asia Pacific region is a significant factor motivating the development of the market. The increasing focus on amended demand for consumer-friendly products and sustainability are the strategic factors motivating the improvement of the paper bags packaging market. The collective industrial development, as well as the urban population in the emerging countries, are improving the paper bags packaging market growth additionally.
Competitive Analysis
The disharmony in the forces of demand and supply is estimated to create a slow growth background in the market. The emphasis on innovation is estimated to rise in the coming years, as the consumer needs have to be addressed in a better manner to ensure the resurgence of the global market. Also, the need to encourage business to include the environmental impact of their decisions is estimated to shape the market in future. The need to mitigate losses sustained by the current public health crisis is estimated to be the sole focus of the market contenders in the upcoming years. Furthermore, the need to adopt a rapid and cost-effective method of operation is estimated to shape the market in the impending period. The capability of contenders to influence change in the market is increasing at a stable rate in the impending period. The support from government bodies around the world is rising because the market needs an extra stimulus to achieve normalcy in such a scenario.
The foremost companies in the paper bags packaging market are Georgia-Pacific LLC. (U.S.), B&H Bag Company (U.S.), Hotpack Packaging Industries LLC (Dubai), International Paper Company (U.S.), Holmen Group (Sweden), Novolex (U.S.), Smurfit Kappa Group PLC. (Ireland), OJI Holding Corporation (Japan), United Bags, Inc. (U.S.), Ronpak (U.S.), National Paper Products Company (Saudi Arabia), Paper Sacks Factory (UAE), DS Smith Plc. (U.K.), WestRock Company (U.S.), and Hood Packaging Corporation (Canada).
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Industry News
Novolex, a leader in the market for packaging choice, ingenuity and recycling, announced that it has acquired a leading manufacturer of paper bags and other items, the B&H Bag Business group. The B&H company will be part of the Novolex Duro Bag business, reinforcing the customer experience of Duro by growing production capacity. There is one processing plant for the family-owned corporation, based outside of Houston, Texas. The B&H Bag Business was founded in 1975 and has been owned and run for 45 years by the Robson family. The company has expanded into its massive factory, plant and offices in Brookshire, Texas, from a tiny Houston farm. B&H is famous for its history of consistency in delivering bags to its clients in the United States, offering premium stock and tailor-made goods consistently on a timely basis.
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