Retail Paper Bags Market Overview
According to latest research, the retail paper bags market is projected to expand between 7% and 9% CAGR during the 2021-2031 assessment period.
The global Retail paper bags market is witnessing impressive growth, especially due to the rising adoption of sustainable packaging solutions among various industries. Paper bags are light-weight, non-toxic, biodegradable, and recyclable, and are therefore becoming hugely popular among end users, starting from food & beverage to chemical industry.
With rising concerns regarding the safety of environment and marine animals, the demand for paper bags is increasing as more people are choosing eco-friendly packaging instead of polythene bags. The growing demand for improved properties and quality is expected to provide growth opportunities for the Retail paper bags market.
What is Driving Demand for Retail Paper Bags Market?
Major factors driving the market are the growing demand of recyclable and eco-friendly packaging materials from the fashion apparel industry. It accounted for the significant share of the overall retail paper bags market.
The growing retail industry, along with increasing consumer preference for biodegradable and eco-friendly packaging products, is one of the key factors driving the demand of the market. The growing demand for consumer goods and the establishment of shopping malls, complexes and retail outlets in semi-urban areas is increasing the adoption of paper bags across the globe.
Apparel Segment Expected to Dominate the Market During the Forecast Period
Based on end user the global retail paper bag market is segmented into food and beverage, pharmaceutical, consumer electronics, apparel and others. The apparel segment led the market and accounted for the major share in revenue.
This can be attributed with rising demand for fashion apparel & related accessories and increasing number of retail stores across the globe. Ban on single use plastic has forced retailers to shift from using plastic bags to paper bags.
On the other hand the construction segment is expected to witness highest growth during the forecast period. This can be associated with the increasing usage of multiwall kraft paper sacks for cement packaging. Hence as the demand for cement is increasing simultaneously the paper bags market will also proliferate.
Asia Pacific Retail Paper Bags Market Outlook
Asia Pacific region is anticipated to remain the fastest growing region all over the globe. With the substantially growing retail sector in this region especially in China, South Korea, Japan, India etc., the growth rate of this region is projected to remain high during the forecast period.
APAC is expected to account for the largest value share of the global market usage in 2021. The rising demand for affordable and sustainable packaging solutions will drive retail paper bag market in the region.
China is expected to boost the demand of this paper bags during the forecast period. Various manufacturers from developed regions are shifting their manufacturing units to APAC because of the availability of raw materials, low labor cost, and favorable government policies in emerging markets such as India, Indonesia, and Thailand. Furthermore, economic growth, rising population, and growing urbanization are the important drivers of the retail paper bags market in APAC region.
North-America Demand Outlook for Retail Paper Bags Market
North America will remain the forerunner in the market over the forecast period. Growing consumption of packaged food, growing preference for paper packaging from the fashion apparel industry, high growth in the pharmaceutical industry, growing concerns related to environmental damage caused by plastic wastage, and surging sales recorded through retail sectors, super markets, and hypermarkets are adding to the paper bags packaging market growth in the region.
The capacity additions in the region of US and Canada are predicted to increase the market growth over the outlook period.
Who are the Key Manufacturers and Suppliers of Retail Paper Bags Market?
Some of the leading manufacturers and suppliers of retail paper bags includes
- Hood Packaging Corporation (Canada)
- Paper Sacks Factory (UAE)
- Novolex (U.S.)
- United Bags, Inc. (U.S.)
- Holmen Group (Sweden)
- Georgia-Pacific LLC. (U.S.)
- OJI Holding Corporation (Japan)
- WestRock Company (U.S.)
- DS Smith Plc. (U.K.)
- Ronpak (U.S.)
- B&H Bag Company (U.S.)
- Smurfit Kappa Group PLC. (Ireland)
- International Paper Company (US)
- Hotpack Packaging Industries LLC (Dubai)
- National Paper Products Company (Saudi Arabia)
Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector.
Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to provide eco-friendly solutions.
Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
By Product Type:
- Sewn open mouth
- Pinched bottom open mouth
- Pasted valve
- Pasted open mouth
- Flat bottom
By Material Type:
- Brown Kraft
- White Kraft
- 1 Ply
- 2 Ply
- 3 Ply
- >3 Ply
By End Use Industry:
- Food and beverages
- Consumer Electronics
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- South Asia
- Australia & New Zealand
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- S. Africa
- Northern Africa
- Rest of MEA