59.5 F
Los Angeles
HomeScienceEurope’s Retail Paper Bag Industry Demand to Surge at 4.7% CAGR through...

Europe’s Retail Paper Bag Industry Demand to Surge at 4.7% CAGR through 2033 Amid Increasing Environmental Concerns | Future Market Insights, Inc.

Europe Retail Paper Bag Industry is expected to reach US$ 2,956.1 million by 2033. The demand for retail paper bags in Europe is expected to experience lucrative growth during the forecast period. A study of the retail paper bag business in Europe predicts that sales will rise from 2023 to 2033.

NEWARK, Del, Dec. 06, 2023 (GLOBE NEWSWIRE) — Sales of retail paper bags in Europe are estimated to be valued at around US$ 1,874.5 million in 2023. The business is expected to reach US$ 2,956.1 million by 2033. Revenue of the retail paper bag sector in Europe is projected to expand at a CAGR of 4.7% in the forecast period between 2023 and 2033.

Europe recorded a CAGR of 3.4% during the historical period. The country stood at a valuation of US$ 1,778.1 million in 2022, which was an increase from US$ 1,570.4 million in 2018.

With augmenting literacy rates and cognition in people about environmental degradation, consumer discretion is shifting toward the adoption of eco-friendly and safe packaging solutions in the food service business. The packaging sector consumes more than one-third of the plastic material produced globally. Replacement of plastic bags with paper bags is the key booster for the paper bag business.

The demand for packaged food is set to increase due to the changing lifestyle of people and a growing population. As countries in Europe are rapidly industrializing and experiencing urbanization, the demand for ‘on-the-go’ meals would fuel the growth of paper bags in the food service sector.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-18265

The food service sector is also focusing on logistics, trading, marketing, and customer services, all of which are directly dangling on the quality of the packaging of the food. The retail sector accounts for more than 50% of the paper bag business in developed countries across Europe. Hence, strong retail sales are anticipated to play a pivotal role in the growth of the retail paper bag business in Europe in the estimated period.

Increasing awareness among consumers and manufacturers regarding the effects of plastic packaging on the surroundings has resulted in a key shift in preference for environment-friendly packaging solutions, such as paper. Paper bags have experienced high penetration in the business in the last couple of decades. A strong retail sector outlook, coupled with high consumer preference for paper bags, is expected to ensure a positive outlook for the growth of Europe’s paper bag business.

Key Takeaways from Europe Retail Paper Bag Business Report:

  • The pinched bottom open mouth and sewn open mouth segments are together estimated to account for around 57.5% of the share by 2023.
  • 101 to 150-micron bags are estimated to hold a share of 19.7% in 2023 and expand at a CAGR of 5.3% from 2023 to 2033.
  • Brown kraft paper is anticipated to be valued at US$ 609 million in 2023 and is expected to reach US$ 1,638.2 million by 2033.
  • Recycled fiber is anticipated to record an attractive CAGR of 5.2%, and it will expand 1.7 times its current value by 2033.
  • Agriculture is estimated to account for around 38.3% in 2023, expanding at a CAGR of 2.0% from 2023 to 2033.

“With increasing environmental awareness, there is a growing demand for eco-friendly packaging solutions. This is set to provide an opportunity for manufacturers to develop and offer biodegradable and compostable food service paper bags,” Says Ismail Sutaria, Principal consultant at Future Market Insights

Competitive Landscape

The retail paper bag business in Europe is fragmented, and the Tier 1 players hold 35 to 45% share.

Key companies in Europe’s retail paper bag business are concentrating on developing sustainable solutions and innovations. To strengthen their resources, renowned players are also seeking to execute the merger and acquisition strategy.

For instance,

  • In December 2022, Mondi plc, a leader in environmentally friendly paper and packaging, opened a US$ 18 million greenfield facility in Morocco. This facility can produce about 100 million paper bags annually.
  • In January 2022, Smurfit Kappa plc announced the investment of US$ 33 million in its Fortaleza plant in Brazil. It aims to expand its capacity to meet the growing demand for innovative and sustainable packaging.
  • In September 2021, Huhtamäki Oyj announced the acquisition of Elif. It is a supplier of sustainable, flexible packaging to global brand owners.

Get More Valuable Insights into Europe Retail Paper Bag Business

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the Europe retail paper bag business, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.

The study reveals growth projections on the Europe retail paper bag business based on product (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom), material (brown kraft, white kraft, recycled fiber), thickness (up to 50 microns, 51 to 100 microns, 101 to 150 microns, above 150), and end-use (agriculture, supermarkets, clothing and fashion retail stores, e-commerce, and food services).

Drive Your Growth Strategy: Purchase the Report for Key Insights! https://www.futuremarketinsights.com/checkout/18265

Key Companies Profiled

  • Mondi Plc
  • Smurfit Kappa Group Plc
  • International Paper Company
  • Novolex Holdings, Inc.
  • Welton Bibby And Baron Limited
  • ProAmpac LLC
  • Gerhard Schürholz GmbH
  • Huhtamaki Oyj
  • Toybe Global Packaging
  • AB Group Packaging
  • Smith Anderson Group Ltd
  • Milhe & Avons
  • BillerudKorsnas AB
  • CEE Schisler Packaging Solutions

Europe Retail Paper Bag Industry Segmentation by Category

By Material:

  • Brown Kraft
  • White Kraft
  • Recycled Fiber
    • Brown Grade
    • Mechanical Grade
    • White Grade

By Product:

  • Sewn Open Mouth
  • Pinched Bottom Open Mouth
  • Pasted Valve
  • Pasted Open Mouth
  • Flat Bottom

By Thickness:

  • Up to 50 microns
  • 51 to 100 microns
  • 101 to 150 microns
  • Above 150

By End-use:

  • Agriculture
  • Supermarkets
  • Clothing and Fashion Retail Stores
  • E-commerce
  • Food Services

By Country:

  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe

Access the Complete Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-18265

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power. 

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics. 

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

Have a Look at Related Reports of the Packaging Domain:         

  • The total sales of Decor Paper Industry Analysis in India market size are estimated to be valued at US$ 222.9 million in 2023 and are projected to reach US$ 448.5 million by 2033. 
  • The seed packaging market share is projected to surpass a valuation of US$ 934.8 million by 2034. As per the analysis, the seed packaging market is likely to record a CAGR of 4.1% through 2034, with a current valuation of US$ 625.5 million in 2024.
  • The global blow fill seal technology market trend is estimated to be valued at US$ 3,246.7 million in 2023 and is anticipated to reach US$ 6,206.5 million by 2033. 
  • The stretch film market demand in Korea is poised for substantial growth up to 2034, with the adoption of this solution in both the South Gyeongsang and North Jeolla regions anticipated to show a robust CAGR of 4.4% through 2034.
  • The Stretch Film Market growth Analysis in Japan landscape is poised to exhibit a CAGR of 4.90% through 2034. The stretch film in Japan is poised to witness significant opportunities with US$ 148.6 million in 2024.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/673252338/europe-s-retail-paper-bag-industry-demand-to-surge-at-4-7-cagr-through-2033-amid-increasing-environmental-concerns-future-market-insights-inc

- Part of VUGA -marketing agency

latest articles

gossip tv free

explore more

free fashion tv