The report “Paper Based Consumer Bags Market” by material type White Board, Matte Paper, Kraft Paper), by end use (Shopping Bag, Gift bag, Promotional Bag, Wine Bags, and Others), by product (Laminated and Non-laminated), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Paper Based Consumer Bags Market was valued at US$ 4.7 Bn in 2017 and is expected to reach US$ 8.1 Bn by 2026, at a CAGR of 7.04% during a forecast period.
Major driving factors of the market are increasing GDP, changing lifestyles of the consumers, and growing urbanizations across the globe. Growing consciousness about nature safety among consumers has also expected to play a vital role in the growth of the global market during the forecast period. Increasing purchasing power of middle-class population among developing countries such as India and China is anticipated to drive the global paper-based consumer bags market growth in the forecast period. Paper-based products are high bio-degradable than the plastic-based products are boosting the market growth.
Changing consumer preference towards the eco-friendly products is expected to surge the global paper-based consumer bags market growth during the forecast period. Increasing usage in various end-use industries such as posh wine bags, shopping bags, and gift wraps are projected to boom the market size in the forecast period. Paper bags have features such as can be print various texts and pictures on a bag with cost efficiency is also driving the global paper-based consumer bags market growth. Improvements in food & beverages and cosmetic & personal care industry in the previous few years and rising product and packaging explorations are anticipated to fuel the global paper-based consumer bags market as well the wide range of functions of paper-based consumer bags in an huge range of uses such as gift bagging, advertisement, wine carrying, and shopping in the forecast period.
The laminated bags segment is leading the paper based consumer bags market.
The laminated bags are projected to hold the largest share in the global paper-based consumer bags market during the forecast period. Laminated bags provides higher loading capacity for repetitive use and gives a higher aesthetic value to paper-based bags are estimated to drive the market growth.
The shopping bags segment is leading the paper based consumer bags market.
The shopping bags segment is expected to hold the largest share in the market in the near future due to increasing innovations in the products.
North America is the leading regional market for paper based consumer bags market.
North America is expected to hold the largest share in the global paper-based consumer bags market during the forecast period owing to strict regulations regarding the environment and increasing demand from various end-use industries. The Asia Pacific is projected to lead the global paper-based consumer bags market growth during the forecast period owing to increasing disposable income, growing urbanization, increasing concerns regarding health, and changing living standards of the consumers. Government is taking initiatives to promote the usage of a paper-based bag.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Smurfit Kappa Packaging, Llc., KapStone Paper and Packaging Corporation Company, Guangzhou SiWei Printing & Packaging Co., Ltd., Wenzhou Myway Arts & Crafts Co., Ltd., Global-Pak, Inc., Segezha Group, Ampac Holdings, Llc., International Paper, Inc., Qingdao Maxfitlabel Co., Ltd, Interconti Systems Inc., Mondi Group plc., Novolex Holdings, Inc., Ronpak, Welton Bibby And Baron Limited, JohnPac Inc., El Dorado Packaging, Inc., Langston Companies, Inc., United Bags, Inc., Genpak Flexible, Paperbags Limited, and York Paper Company Limited.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Paper based consumer bags market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Paper based consumer bags market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Paper based consumer bags market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Paper Based Consumer Bags Market”.
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