Global Paper Bags Market to Expand with Noteworthy CAGR of 4.8% during 2018-2023
Posted by rakesh on March 6th, 2019
KD Market Insights offers a latest published report on global Paper Bags market analysis and forecast 2018-2023 delivering key insights and providing a competitive advantage to clients through a detailed report. The global Paper Bags market accounted for USD 4,535.8 million in 2017 and is estimated to reach USD 7,945.6 million in 2023. Moreover, it is anticipated to flourish at a (CAGR) of 4.8% during the forecast period i.e. 2018-2023.
Advantages of paper bags such as durability and convince are positively impacting the growth of the market. Addition to that, paper bag can also be recycled which offers significant environmental benefits as compared with plastic bags.Stringent government rules and regulations to curb environmental pollution is fueling the growth of paper bags market. Government of various nations has banned the use of plastic carry bags, thus promoting the use of paper bags. Apart from this, increasing environmental awareness among population has led to the growing adoption of paper bags in various supermarkets and retail stores. This rising demand for paper bags has forced manufacturer to bring innovation and new product developments which bodes well for the growth of the market.
Segmentation:
The global Paper Bags market has been segmented on the basis of By Product (Flat Paper Bag, Multi-Wall Paper Sacks, Others), By Application (Food & Beverages, Pharmaceutical, Retail, Others).
Regional Outlook.
The report analyses the market by geographies i.e. North America, Europe, Asia Pacific, Latin America & Middle East & Africa. Further, the geographies are fragmented into the country and regional groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape:
The competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities). The study also provides company’s positioning and market share in Paper Bags market.
The report profiles various major market players 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, Others Major and Niche Key Players.
