Papers bags are generally made up of paper and wood pulp, these bags are very commonly used forpackaging purpose; it is used to carry consumer goods in daily life. Paper bags are available in many different sizes and textures that deliver premium experiences to customers. Now a days retailer are charging for plastic carry bags to decrease use of plastic, as plastic is polluting the environment and takes long duration to decompose. Majority of brands and retailers have started shifting towards paper bags as paper bags are reusable and recyclable in nature, paper bags are durable, fashionable and very popular used for brand promotion. Paper bags market has shown a significant growth in last few years as it is widely used in many different industries such as foods and fashion apparel industries. Surge in innovation of paper bags and rising awareness among consumers about significance of using paper bags is a major factor in growth of global paper market and expected to be more inclining during the forecast period.
COVID-19 Impact Analysis-
- During COVID-19, many industries were suffering from economic crises; spread of corona virus has led to adverse effect on global paper bags market.
- To control spread of corona virus diseases, Nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and disordering of production cycle of global paper bags market. Restraints were imposed by government on several mega stores, hypermarket, brand outlet and other store that led to great decline in demand of global paperbag market. Due to COVID-19 pandemic Outbreak restraints were imposed on entire retail industries such food industries, fashion and apparel sectors and other small retailers who are major user of paper bags, resulted into great decline in demand of paper bags.
- During lockdown e-commerce player were major users of paper bags for packaging of retail goods, due to disruption in supply chain of raw material resulted into hampering in demands of paper bags. Pharmacies and drugstore was key user of paper bags during spread of corona virus diseases and helped in uplifting of paper bags market.
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Top Impacting Factors-
- Retails sectors is growing at significant rate as in last few there is rapid increase in number of retail small & micro level vendor as these vendors offers goods in affordable prices to consumers. Rapid increase in number of middle class consumers is resulted into increase is consumption is papers bags in retail sectors as these paper bags are commonly used to Carry consumers goods in day to day life. Papers bags are easy to produce and safe for environment as it easily get decompose in environment, rapid growth of retail sectors and rise in use of paper bags in retail sectors is key driver in growth of global papers bags market.
- Now a day consumers are more concerned with environment factors as it has direct relation with their personal health, plastic and other non-biodegradable bags is rapidly polluting environment. Retailers are using plastic carry bags on large scale as they are cheap convenient and most durable carry bags, food industries is also using plastic for packing of foods which is very harmful for health of human beings. Rise in awareness among consumer about harmful effect of non-biodegradable bags on environment and health led to great decline in use of plastic carry bags and resulted in increase in use of biodegradable bags such as paper bags, these bags are 100% safe for environment and recyclable . Rising in awareness among people and inclinations in use of paper bags is key factor in growth of global paper bags market.
- Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products.Key players have introduced many different type of paper bags that has aesthetic appeal and premium texture these premium paper bags are used for different purposes such as in preparing a gift hampers and beauty products packages. They have also introduced paper bags embedded with paper seeds and wider gussets papera bag that is widely adopted for foods delivery purpose. Innovation in paper bags is prominent factor that is propelling growth of paper bags.
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Market Trends-
- Rise in trend of using organic and biodegradable paper bags
Normal plastic bags are causing great destruction and polluting land as well as water bodies, plastic bags takes around 450-500 years to decompose. Key players have started manufacturing biodegradable paper bags; these biodegradable paper bags are eco-friendly as well as stylish and durable. Biodegradable paper bags are easy to produce and non-toxic toenvironment. Now a day, key player in retailing sectors has started adopting paper carry bags, as it protects the environment and easy to reuse and recyclable. Major reason behind of adaptation of paper carry bags is better branding, paper carry bags create helps to brand building as names of brands can be easily printed on carry bags and it looks fashionable. Government is also promoting uses of paper bags by imposing taxes on plastic bags and spreading awareness among consumers through TV advertisement and radio channels, retailer were also started charging for plastic bags that led to discourage in use of plastic bags. Wide adaption of biodegradable paper bags is prime factor that is accelerating growth of global paper bags market.
- Growth in use of paper bags in online food delivery services
Online food delivery services is gaining prominence among peoples as they offer steering hot foods at consumers door step, people have option to choose different cuisine from hotel menu according to their wish. Many students and bachelors who are migrated to different cities for job and educational purposes are major user of online food delivery services. They help to make people life easy and effortless. Online foods services are major commercial user of paper bags as they use large wider gussets bags for delivery of giant dishes such as pizza, cakes and heavy meals at consumers door step. Paper bags are cost effective and durable; these unbleached paper bags are heat resistance and 100 % safe for food delivery. Many hotels and restaurants are also printing there name on biodegradable paper bags to increase brand visibility among consumers, rise in uses of paper bags in online food delivery services is accelerating growth of global biodegradable cutlery market.
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Key Benefits of Report-
- This study presents the analytical depiction of the paper bags Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of thepaper bags marketshare.
- The current market is quantitatively analyzed to highlight paper bags market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed paper bags market analysis based on competitive intensity and how the competition will take shape in coming years.
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