The global foodservice paper bag market is expected to show steady growth over the forecast period, driven by several factors. The market size is projected to reach US$958.4 million in 2022 and expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2032, reaching US$1,575.9 million by the end of 2032.
The top three countries in terms of market control are expected to account for around 25-30% of the global market for paper bags used in the foodservice industry by the end of 2022. This indicates the importance of these countries in driving the demand for foodservice paper bags.
Non-handle bags are anticipated to dominate the market, controlling approximately 70% of the market share for foodservice paper bags by the end of 2022. This preference for non-handle bags is primarily due to the strong preference of many restaurants and foodservice providers for conventional paper bags.
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The recent surge in foodservice paper bag sales can be attributed to the increasing trend among consumers and food industries to adopt eco-friendly packaging options.
The demand for foodservice paper bags received a significant boost as consumers and regulatory bodies shifted away from common plastic bags due to environmental concerns. Government initiatives and restrictions on plastic packaging have created new opportunities for the global foodservice paper bag market.
Additionally, the growth of new foodservice businesses worldwide is expected to further drive the demand for foodservice packaging, particularly paper bags. As more restaurants and foodservice providers emerge, the need for packaging solutions that are convenient, sustainable, and environmentally friendly will continue to grow.
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Key Takeaways
- Brown kraft-based paper bags are expected to account for more than 4/5th of market value, owing to their stiffness.
- Non-handle bags will remain the most sought type, capturing nearly 2/3rd of market value, backed by their convenience and low cost.
- On the basis of end-use, restaurants are poised to capture more than half of overall global value, ascribed to the rising trend of take-away.
- Europe is projected to spearhead the regional landscape of the market, capturing more than 1/3rd of market value.
- East Asia will prevail as the second most lucrative regions through the forecast period, holding a quarter of the market value.
Key Players:
- WestRock Company
- Hutamaki Oyj
- Novolex Holdings LLC
- Ronpak Inc.
- Mondi Group
- Amcor Ltd
- International Paper Company
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Foodservice Paper Bags Market Outlook by Category
By Material Type:
- Brown Kraft
- White Kraft
By Bag Type:
- Handle Bags
- Non-handle Bags
By End User:
- Foodservice Outlets
- Online Food Delivery
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
