The global paper bags market revenue is expected to expand at a significant CAGR over the forecast period. Paper bags are made of kraft paper which is degradable, convenient, recyclable and eco-friendly material. Plastic bags are creating problems in waste management system especially in urban areas of many countries, as a result government banned use of plastic bags. Paper bags are prepared from paper pulp or recycled paper.
rising demand for on-the-go retail food products is a major factor driving growth of the global market. Paper bag provide a better alternate solution to plastic bags, owing to its cost effectiveness and light weight nature. Paper bags comes in variety of shapes and sizes which helps in easy packaging of various end products. Furthermore, rising demand of paper bags, innovative product design and increasing environmental awareness are major factors driving growth of the global paper bag market.
Lack of weight carrying capacity and shortage of water proof non-tear paper bags can hamper growth of the target market over the forecast period.
The global paper bags market report has been segmented on the basis of product application, type and region. On the basis of product type, the market is segmented into pharmaceuticals, foods, stationary, customer goods, confectionary, and cosmetics product. On the basis of type, the market is segmented into paper carry bags, block bottom paper bags, confectionery paper bags, and check out paper bags.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific region is expected to dominate the global market in terms of revenue and expected to maintain its dominance over the forecast period. North America region is expected to hold second highest market share in terms of revenue in the near future.
Key players operating in the global paper bags market include International Paper APPM Ltd., Novolex Holdings, Inc., LINPAC Packaging Limited, Bemis Company, Inc., Berry Global, Inc., Biopac India Corporation Limited, Genpak LLC, United bags Inc., Kent Paper Inc. and Stanpac Inc.