Global Paper Bags, Kraft Bag Comprehensive Market Report Analysis
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Currently, within the paper bag packaging manufacturing market, key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies - HTF Market Reports (Albany, N.Y., USA) report summary from Aug. 22, 2018.
Top Paper Bags Packaging manufacturers covered in HTF's report: National Paper Products, Hotpack Packaging Industries, International Paper Company, Georgia-Pacific, Smurfit Kappa, B&H Bag, Ronpak, DS Smith, WestRock, OJI Holding Corp., Georgia-Pacific, Holmen Group, United Bags, Novolex, Paper Sacks Factory, Hood Packaging.
Paper bags are defined in this report as commonly used as shopping bags, packaging, and sacks. The firm explained that paper bag packaging has globally now become a "vital component of modern lifestyle" and is projected to create substantial market in the coming years due to its eco-friendly nature. Paper bags are multipurpose as well as cost efficient packaging method to preserve, protect and transport a wide array of products. Rise in per capita income in developing economies coupled with the changing lifestyle boosts the consumption of wide range of products which in turn fuels the demand for the paper based packaging of these products.
According to Rearch and Markets (Dublin, Ireland) similar (paper bags packaging market report) most recent report summary published Sep. 4, 2018 for their paper bag market report, the global sack kraft paper market was valued at USD 31.17 billion in 2017, and is forecast to reach USD 39.5 billion by the end of 2023, growing at a CAGR of 4.04% during the forecast period of 2018-2023.
Steady rise in demand for food & beverages and construction industry has contributed to the drastic increase in use of sack craft paper. Recycling remains one of the major trends observed in these industries. The volume demand for recycled paper is expected to grow to 1.5 million metric tons by the end of 2018, which is expected to support the overall market growth.
Notable developments in this firm's market reported:
- Mondi and Polish converter SILBO developed the first paper-based, biodegradable bag for food that runs on horizontal and vertical Form-Fill-Seal (FFS) machines.
- BillerudKorsnas invested in cold chain packaging company Vericool.
- KapStone acquired Associated Packaging Incorporated (API) to strengthen its footprint in the strategic Southeast market.
Top Paper Bag Packaging Manufacturing manufacturers covered in Research and Market's report: BillerudKorsnas, Mondi, Segezha Group, Natron-Hayat, Nordic Paper, Gascogne Group, KapStone Paper and Packaging, Horizon Pulp & Paper, International Paper, Canfor Corp.
Increased Demand of Eco-friendly Packaging Materials Predicted to Drive the Market
Research and Markets explained that environmental concerns over safe disposal and recycling of packaging materials have led to the introduction of new policies and regulations mandating companies to recover their packaging materials. Initially, consumer-packaging materials were targeted owing to the scale of packaging wastes generated; however, government and packaging organizations have started addressing the environmental effects occurring by the use of other packaging material as well.
Increasing demand of eco-friendly packaging material and rapid growth of construction industry will drive the growth of sack paper craft market, Research and Markets said in their recent summary from this week. It also noted the customers across the world are also realizing the environmental impact of waste materials and are moving towards the use of biodegradable packaging paper.
As a result of this, the companies are moving towards biodegradable packaging material to provide quicker and complete natural degradation. Most of the paper products made from pure paper pulp, without addition of waterproof coating or inks, are completely biodegradable as compared to conventional paper packaging products, which take much longer time to degrade naturally.
Several aspects are responsible for the growth of the paper bags market. Factors such as a highly active retail sector in developed economies, increasing innovation in product design, growing penetration of the retail sector in emerging markets, strong consumer confidence rejuvenating retail sales, increasing PPP projects leading to increased demand for paper bags for construction and rising demand for on-the-go retail food are triggering the growth of the global paper bags market.
A comprehensive market evaluation summary with data was also made public by Future Market Insights (FMI) this week (Sept. 5., 2018) on the Global Paper Bags Market in a new research report titled "Paper Bags Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)" covering assessment during the period 2017-2027. In the material type category, brown kraft is widely used as compared to white kraft. The brown kraft segment is projected to grow at a 4.5% value CAGR and is estimated to reach a value of above $5 billion by the end of 2018 assessment. In the end use category, the retail segment dominates the global market followed by the food and beverages segment. The retail segment is expected to grow at a value CAGR of 4.3% during the period of forecast. According to this research report, the global market is estimated to reach a valuation of more than $7 billion by the end of the year of assessment (2027) from a value of about US$ 4,500 Mn in 2017 and is projected to grow at a CAGR of 4.4% during the period of forecast.
According to FMI (U.K.), the global paper bags market is expected to witness moderate growth across the regions of Asia Pacific excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, Japan and Middle East and Africa (MEA) during the forecast period.
FMI released the following data / research prediction observational statements relevant to growth factors and individual product / consumer / end-user sales:
Several aspects are responsible for the growth of the paper bags market. Factors such as a highly active retail sector in developed economies, increasing innovation in product design, growing penetration of the retail sector in emerging markets, strong consumer confidence rejuvenating retail sales, increasing PPP projects leading to increased demand for paper bags for construction and rising demand for on-the-go retail food are triggering the growth of the global paper bags market.
- By region, Asia Pacific (excluding Japan) is expected by FMI to reflect high market attractiveness in the coming years. The paper bags market in this region is anticipated to grow at a higher CAGR and reach a valuation of more than US$ 2,200 Mn by the end of the year of assessment thus leading the global paper bags market.
- By product type, pinched bottom open mouth segment is poised to showcase largest market value and is projected to grow at a high value CAGR during the period of forecast. Sewn open mouth segment in this category is the second largest with respect to market share.
- By thickness, the <2 ply segment is expected to surpass other segments in the thickness category and is anticipated to dominate the global market. This segment is projected to grow at the highest value CAGR of 4.8% during the period of forecast.
The research report on the global paper bags market includes analysis of key companies such as The Mondi Group plc., Smurfit Kappa Group, International Paper Company, 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, Global-Pak, Inc., and York Paper Company Limited.
New vendors in the market are facing tough competition from established international vendors as they struggle with technological innovations, reliability and quality issues. - Market Research Nest summary report (Sept. 4) promotion of most recent research for 2018.
Orbis Research (Dallas, Tex., USA) also indicated their research identified as key was the rising use of tissue papers and growing use of pulp in packaging solutions as the main factors attributed to growth of the market. Growing demand for fluff pulp in personal care and hygiene products, increasing consumption of chemical wood pulp, and growing use of pulp in textile industry are some of the prominent factors that would propel the growth of the market. Yet some challenges such as regulatory compliance and rising incidence of forest fires are obstructing the growth of the market if not addressed now and stopped in frequency in future years in the period.
Orbis Research (Dallas, Tex., USA) also indicated their research identified as key was the rising use of tissue papers and growing use of pulp in packaging solutions as the main factors attributed to growth of the market. Growing demand for fluff pulp in personal care and hygiene products, increasing consumption of chemical wood pulp, and growing use of pulp in textile industry are some of the prominent factors that would propel the growth of the market. Yet some challenges such as regulatory compliance and rising incidence of forest fires are obstructing the growth of the market if not addressed now and stopped in frequency in future years in the period.
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. 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. 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. - Market Research (New York., N.Y.) 2018 Kraft Paper Bag Reporting.
Key players operating in the global paper bags market in Market Research report being studied include International Paper, APPM, Novolex Holdings, LINPAC Packaging, Bemis Company, Berry Global, Biopac India Corp., Genpak, United Bags Inc., Kent Paper. and Stanpac Inc.
