Published on : Aug 16, 2018
Albany, New York, August 16, 2018: The global demand for paper bags is increasing at a rapid pace. According to the findings of the latest study, highly active retail sector continues to be a boon for the growth of the global paper bags market. To elaborate further, Market Research Hub (MRH) has broadcasted this study, titled “Paper Bags Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” to its online repository. This 243-page study covers extensive analysis of the global market scenario as well as future growth prospects till 2027. The study has been conducted with the help of expert analysts who have carried a vigorous research process that helps in coming up with key outcomes related to the market forecast anticipated for the years coming ahead.
Paper bag manufacturers maximize the advancements in technology to create and produce different collections of paper bags in the market. According to the research findings, the market for paper bags is projected to grow at a moderate CAGR of 4.4% throughout the period of forecast. In 2017, the global market for paper bags is valued at around US$ 4500 Mn and is estimated to touch a value of approximately US$ 7 Bn by the end of 2027. There are several aspects responsible for the growth of the paper bags market. Analysts find that strong and rising retail sector in developed regions, preference for paper bags across regions and growing penetration of retail outlets in emerging economies are contributing to the growth of the global paper bags market.
In this study, regional segmentation has been also included which offers market size evaluation in major regions for future years based on revenue, sales and market share between 2017 and 2027. Regions highlighted in the study include Latin America, Japan, North America, Europe, APEJ and MEA. As per the findings, Asia Pacific excluding Japan is expected to reflect high market attractiveness in the coming years.
Moving further, the market has been analyzed on the basis of product type, thickness, material types, and end-use. By product type, the study covers sewn open mouth, pasted valve, pinched bottom open mouth, pasted open mouth and flat bottom. Material type used in the manufacturing of paper bags include brown kraft and white kraft. Major end-use are agriculture and allied industries, food and beverages, building and construction, chemicals, retail and others. Amongst, the retail segment in the end use category is expected to largely contribute to the growth of the global market for paper bags.
As the report concludes, the study includes the profiles of key players in the global market and the strategies adopted by them to sustain in the competition. Major players profiled in the study include The Mondi Group plc., Welton Bibby And Baron Limited, JohnPac Inc., Smurfit Kappa Group, El Dorado Packaging, Inc., Genpak Flexible, International Paper Company, Novolex Holdings, Inc., Ronpak, Langston Companies, Inc., United Bags, Inc., Paperbags Limited, Global-Pak, Inc., and York Paper Company Limited.
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