What is Paper Bags Packaging?
Paper bags are preformed container made from Eco-friendly material such as paper. Bags are made from craft paper or sack paper. Paper bags are reusable and energy saver. Government strict regulation against plastic bags as well as rising consumer preferences towards hygienic packaging will help to upsurge global paper bags packaging market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Smurfit Kappa Group Plc. (Ireland), S Smith Plc. (United Kingdom), National Paper Products (United States), Hotpack Packaging Industries (United Arab Emirates), International Paper Company (United States), B&H Bag (United States), Ronpak (United States), DS Smith (United Kingdom), WestRock Company (United States) and OJI Holding Corporation (Japan) |
CAGR | 3.75% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Flat Paper Bag and Multi-Wall Paper Sacks) , by application (Food & Beverages, Pharmaceutical, Retail, Construction and Chemicals) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Paper Bags Packaging market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Paper Bags Packaging market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Smurfit Kappa Group Plc. (Ireland), S Smith Plc. (United Kingdom), National Paper Products (United States), Hotpack Packaging Industries (United Arab Emirates), International Paper Company (United States), B&H Bag (United States), Ronpak (United States), DS Smith (United Kingdom), WestRock Company (United States) and OJI Holding Corporation (Japan).
Market Overview:
On 31st October 2018, Smurfit Kappa Group plc, leading manufacturers of paper-based packaging products has acquired Fabrika Hartije d.o.o. Beograd (‘FHB’) paper mill and Avala Ada d.o.o. Beograd (‘Avala Ada’) corrugated plant. The deal was established for 133 million dollar.
Influencing Trend:
Advancement in New Technology and Escalating Demand Due to Easy Recyclability
Market Growth Drivers:
Rising Demand of Package Food and Consumer Preference towards Hygienic Packaging
Restraints:
Purchase of Wet Things and Increasing Price of Product Due to Paper Packaging
Opportunities:
Fueling Demand of Paper Bags Due to Plastic Banned and Government Initiation to form Paper bags
Key highlights of the Global Paper Bags Packaging market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Paper Bags Packaging market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Paper Bags Packaging market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Paper Bags Packaging Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paper Bags Packaging market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Paper Bags Packaging market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Paper Bags Packaging Manufactures, Paper Bags Suppliers/ Retailers, Industries, Private Research Agencies, Government Research Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.