The global commercial paper bags market size is likely to reach US$ 11.2 Billion in 2032 and exhibit growth at a CAGR of 7.5% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 5.9 Billion in 2022. The increasing water pollution and environmental concerns associated with the usage of plastics worldwide are set to augment the sales of commercial paper bags in the upcoming years. Commercial paper bags are mainly used in the retail industry as these are cost-effective. They also provide superior tensile strength and are lightweight in nature.
Commercial Paper Bags Market: Dynamics
The global commercial paper bags market is expected to be majorly driven by the high demand generated from retail sector. Commercial paper bags are light in weight, easy to carry and are reusable. This has been registered as a key factor for their adoption by consumers. Other than retail, commercial paper bags are also used extensively in the building & construction industry especially for heavy-duty applications. The impact is expected to be more intense in regions such as the Asia Pacific and the Middle East. In the Asia-Pacific region, there has been a substantial growth in the number of real estate and infrastructure development projects in the past few decades. This is expected to bolster the demand for commercial paper sacks in the coming years.
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Also, switching to paper-based packaging has led to better recycling rate. Most consumers are adopting paper-based sacks over plastic ones as are a sustainable alternative of their counterparts. Additionally, commercial paper bags are environment-friendly and can be 100% recycled. The stringent regulations imposed by various regulatory bodies against the usage of plastic bags is also expected to drive the growth of the global commercial paper bags market during the period of forecast.
Manufacturers are focused on expanding their portfolios to better meet the escalating demand from end users. Moreover, it is observed that manufacturers operating in the global commercial paper bags market are focusing on innovating products by differentiating their features from other market players. Companies are designing commercial paper bags which offer some added advantages such as temperature-controlled packaging paper bags, to the consumers. For instance,
- Mondi Group entered into a partnership with iFoodbag AB, a Swedish start-up company, to develop a temperature controlled paper packaging product. Introduction of the temperature-controlled paper bag opens up new horizons in the online shopping platform.
Commercial Paper Bags Market: Regional Outlook
Geographically, the global commercial paper bags market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. The countries of MEA are expected to represent growth opportunities for commercial paper bags market owing to its applications in building & construction sector. In the APEJ region, the retail sector is booming and is expected to propel the demand for the commercial paper bags in the region. Changing consumer spending pattern has resulted into high expenditure on packaged goods, which will buttress the demand for commercial paper bags in the region.
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Market Competition
- Some of the leading companies operating in the commercial paper bags market include
- El Dorado Packaging, Inc.,
- Novolex Holdings, Inc.,
- Smurfit Kappa Group Plc.,
- Langston Companies, Inc.,
- International Paper Company,
- Essentra Plc., United Bags, Inc., and
- Mondi Group plc.
Majority of the leading companies in the market are striving to gain a competitive edge by launching new products. A few other key players are focusing on mergers and acquisitions, joint ventures, and collaborations with local companies to provide better service to their customers.
Key Segments Profiled in the Commercial Paper Bags Industry Survey
By Product Type:
- Sewn Open Mouth Bags
- Pinched Bottom Open Bags
- Pasted Valve Bags
- Pasted Open Mouth Bags
- Flat Bottom Bags
By Material Type:
- Brown Kraft
- White Kraft
By Thickness:
- 1 ply
- 2 ply
- 3 ply
- >3 ply
By End Use:
- Agricultural & Allied Industries
- Building & Construction
- Food & Beverage
- Retail
- Chemical Industry
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
