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Market Research Future published a half cooked research report on Global Paper Bags Packaging Market that contains information from 2016 to 2022.Market Highlights and Overview:
Paper bags packaging are used extensively as eco-friendly and economic packaging material. These paper bags continue to be a popular choice for shopping and food items due to their eco-friendly disposition. Paper bags have become a fashion and status symbol in today’s market, due to the amount of time and effort that brands spend designing attractive paper bags for their products. The major packaging industries are increasing the usage of the packaging in order to achieve the customer attraction. Many manufacturers are now shifting focus from the conventional packaging methods to paper packaging in order to differentiate their products in the market. Additionally, the paper bags helps in controlling pollution by providing disposable and eco-friendly packages. These are flexible and easy to use materials and offers various benefit to users. The increased awareness about environment protection induces the growth of the market.
Market Drivers:
The market is highly driven by the increasing awareness about the use of paper packaging and the demand from the North American region. The region is seen as highly potential market for the paper bags packaging and is expected to show even better market share by the end of the forecast period.
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Key Players
The key players of Global Paper Bags Packaging Market report include-
• DS Smith Plc.
• International Paper Company
• WestRock Company
• OJI Holding Corporation
• Smurfit Kappa Group Plc.
• Georgia-Pacific LLC.
• INDEVCO, Holmen AB
• Hood Packaging Corporation
Scope of the Report
This study provides an overview of the global Paper bags packaging industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Paper Bags Packaging Market as products and application. On the basis of product it is segmented as flat paper bag, multi-wall paper sacks / paper shipping sacks, twisted paper bags and others. On the basis of application it is segmented as bakery & confectionery, dairy, consumer goods, pharmaceutical and others.
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Market Research Insights and Regional Analysis
The global market of paper bags packaging is growing rapidly. Disposable nature and quicker access are result of paper packaging market which makes the task easy and more flexible. It is expected that the Global Paper Bags Packaging Market will advance with higher growth rate as compared to previous years due to increase awareness among the people. However the current challenge for the market is the durability of the paper bags and such bags cannot be used for heavy items.
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On the basis of application, food industry leads the market in all the major regions across the globe. The reason is attributed to the eco-friendly material along with widening scope in food segment. On the basis of region, North America takes the lead as the largest market, followed by Europe and Asia-pacific. Furthermore increased investment in packaging by the key players has further fueled the demand for such market. The trend is expected to remain the same by the end of the forecast period.
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Release ID: 178547
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