Recent report published by research nester titled “Global Paper Based Consumer Bags Market: Global Demand Analysis Opportunity Outlook 2027”delivers detailed overview of the global paper based consumer bags market in terms of market segmentation by material type, by bag type, by application and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global paper based consumer bags market is segmented by material type into white board, matte paper and kraft paper; by bag type into laminated and non-laminated; by application into gift bag, shopping bag, promotional bag, wine bags and others and by regions. Paper Based Consumer Bags Market is anticipated to mask a CAGR of 6.8% during the forecast period i.e. 2018-2027.
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Paper Based Consumer Bags are increasingly being used as in various packaging applications as an alternative to using plastics on account of increasing awareness regarding environmental pollution and its negative impacts on the atmosphere and human as well as animal health. The major reason behind the rise in use of paper based consumer bags is on the back of high bio-degradability factor of paper based products than plastic based bags. Paper based consumer bags have been gaining motion in the market on account of its various uses as gift wraps, posh wine bags, shopping bags and more. Paper bags provide an extensive feature of printing various pictures and texts on a bag at much lower costs than plastics for serving advertisement purposes.
As a developed region with strict environmental regulations, North America is panned to observe substantial paper based consumer bags market growth due to rising paper based consumer bags usage in various consumer goods industry. North America is estimated to be followed by Europe in terms of consumption due to expanding Paper Based Consumer Bags requirements in cosmetics and apparel shopping and advertisement industries. Asia Pacific is expected to drive demand and positively impact paper based consumer bags market growth over the forecast period owing to increasing paper based consumer bags application for regular use bags on account of increasing government initiatives.
Growing Applications in End-User Industries
The rising demand for paper based consumer bags for various preserving, packing and carrying purposes in wine, footwear, personal care and other industries are expected to drive the market rapidly over the forecast period. The growing RD activity associated to paper based consumer bags in various end use markets for better designing, cost efficiency; good quality printing and increasing the baggage’s aesthetic value is further expected to increase the market growth.
Increasing Application of Eco-friendly Items
The factor of biodegradability of paper based products and increasing push from the environmental regulatory bodies to use eco-friendly products is expected to contribute significantly in the growth of paper based consumer bags market over the forecast period.
However, non-applicability of paper based consumer bags for carrying heavy products or liquids as well as its non-resistance towards chemical packaging is estimated to sluggish the sturdy growth of the paper based consumer bags market.
This report also provides the existing competitive scenario of some of the key players of the global Paper Based Consumer Bags market which includes company profiling of International Paper, Inc., 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., Interconti Systems Inc. and Qingdao Maxfitlabel Co., Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Paper Based Consumer Bags market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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