With the paper bag market estimated to be valued at US$ 5.6 billion in 2024, we thought it would be worth accumulating some of the key industry trends for the paper bag industry. The market is anticipated to reach a valuation of US$ 8.7 billion by 2034, progressing at a CAGR of 4.3% from 2024 to 2034.
Some Key Paper Bag Stats:
- The paper bag market grew at a CAGR of 2.9% from 2019 to 2023.
- The market is expected to develop at a CAGR of 4.3% from 2024 to 2034.
- Pinched Bottom Open Mouth Paper Bag Dominate the Market by Product – In 2024, the market share of pinched bottom open mouth paper Bag is estimated to be 27.9%.
- The European paper bag market is projected to experience significant growth due to the growing product adoption, with the United Kingdom being the most substantial contributor to regional market development. Sales of paper Bag in the United Kingdom are advancing at a CAGR of 3.9% over the forecast period. ( Source: FutureMarketInsight).
- 79% of consumers find that paper bags are more pleasant to touch and handle, and 86% of Europeans will choose paper bags over any other material when its offered. (Source: Mcdonald Paper).
- By 2027, the global market value of paper bags used by the food and beverage industry is expected to reach approximately 1.8 billion U.S. dollars. (Source: Statista).
- Between 2023 and 2030, the market size is poised to register a 5.87% CAGR (Compounded Annual Growth Rate) to reach a US$ 9.01 Billion market size in 2030. (Source: LinkedIn).
- The Global Paper Bags Market is expected to grow at a CAGR of 3.8% during the forecast period (2023-2030). Paper bags are made from several types of paper such as kraft, zipper & matt window, multi-wall paper, flat paper bags, multicolour bags and tote-style paper bags. (Sources: Datamintelligence & BBC).
