The global Paper bags market size is expected to reach USD 16.3 billion by 2028 at a CAGR of 3.8%, according to a new report by Reports and Data.  Increasing usage of Paper bags across the food grains, agriculture, buildings construction, pharmaceutical, chemical, and retail e-commerce industries is one of the most fundamental factors accountable for the growth of the global Paper bags market. The global market growth is expedited by the constant rise in construction activities around the world, especially in developing regions like India, technological advancements in packaging solutions, the expanding transportation logistics sector, and the growing import and export of agricultural produce, food beverages, pharmaceuticals, and industrial raw materials.

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Competitive Landscape:

The global Paper Bags market is extremely competitive and comprise of various key players at regional and global levels. These players are focusing on developing strategic alliances such as mergers and acquisitions, partnerships, product launches, joint ventures, to strengthen their market position and enhance their product base. Some of the key companies operating in the global market are Mondi Group, Berry Global Inc., United Bags, El Dorado Packaging, Inc., Sonoco Products Company, ProAmpac Holdings Inc., Bag Supply Company, Inc., Lincon Polymers Pvt. Ltd., Hood Packaging Corporation, LC Packaging, Inc., and Others.

Market Overview:

The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2021 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.  

Key questions addressed in the report:

• What size is the global Paper Bags market expected to reach over the forecast period?
• Which revenue CAGR is the global market expected to register throughout the forecast period?
• Which factors are expected to hamper global market growth during the forecast period?
• Which key factors are expected to driver global Paper Bags market throughout the forecast period?
• Which application segment is expected to register fastest revenue CAGR between 2021 and 2028?
• Which region is expected to register fastest revenue CAGR throughout the forecast period?
• What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

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Global Paper Bags Market Segmentation:

Type Outlook:

• Paper
• Plastic

Applications Outlook:

• Agriculture
• Food Grains
• Buildings Construction
• Retail

Regional Analysis covers:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • K.
  • Rest of EU
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East Africa
  • Saudi Arabia
  • South Africa
  • A.E
  • Rest of MEA

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