Paper Bags Market: By Product Type ( Flat Paper Bags, Multi-Wall Paper Sacks, Open Mouth Paper Bags, Pasted Valve Paper Bags, Lock Paper Bags, Self-Opening-Style (SOS) Bags, Stand Up Pouch Paper Bags, Others), By Material Type (Brown Kraft, White Kraft), By Thickness (<2 Ply, 2 Ply, 3 Ply, >3 Ply, < 1 Kg), By Capacity (1 Kg-2 Kg, 2 Kg-5 Kg, 5 Kg - 10 Kg, 10 Kg), By End Use Industry (Food & Beverages, Retail/Shopping, Others) And Geography

Paper Bags Market size is valued at USD 4.8 billion in 2021 and is expected to reach a value of USD 5.7 billion by 2028, growing at a CAGR of 4.6% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market, and that has been segmented into product type, material type,  thickness, capacity, and end use industry. By product type, the market has been segmented into Flat Paper Bags, Multi-Wallpaper Sacks, Open Mouth Paper Bags, Pasted Valve Paper Bags, Lock Paper Bags, Self-Opening-Style (SOS) Bags, Stand Up Pouch Paper Bags, and Others. The open-mouth paper bags segment is likely to be the largest and fastest-growing segment in terms of product types. The paper bags market is segmented into Brown Kraft and White Kraft based on Material Type. The white craft segment is expected to registhe fastest growth rate during 2022-2028. Based on Thickness, the paper bags segmented into <2 Ply, 2 Ply, 3 Ply, >3 Ply, and < 1 Kg. 2 Ply segments are expected to hold a significant share over the forecast period. Based on Capacity, the paper bags are segmented into 1 Kg-2 Kg, 2 Kg-5 Kg, 5 Kg – 10 Kg, and 10 Kg. 1Kg capacity segment holds the largest revenue share in the forecast period. The paper bags market is segmented into Food & Beverages, Retail/Shopping, and Others based on the end-user. According to precision business insights, the food & beverages segment holds the largest share in the paper bags market during the forecast period.

Key Development:

In April 2021, Huhtamaki acquired Jiangsu Hihio-Art Packaging Co. Ltd., a leading manufacturer of paper bags, wraps, and folding carton packaging in China. Huhtamaki's position as Asia's top foodservice packaging provider is strengthened by this purchase, which enhances its product line in China, allowing it to serve better existing and new clients in this exciting growth market.