Future Market Insights
A craft made from wood fiber offers maximum strength and natural beauty. Craft bags are prepared through paper produced from chemical pulp during the craft process. Primarily plan craft bags are used for packaging of grocery items. Generally, two type of craft bags are available in market that are white and brown. Craft bags are used mostly for carrying light weight products such as fresh vegetable and fruits. Craft bags can also utilize for many different purposes such as grocery product, medicine and electronic goods. Craft bags are easily handled and are convenient for use which in turn, led the demand to grow among consumers. Global market for craft bags are expected to grow at significant rate in near future. Craft bags are degradable and are cost effective which led the manufactures to invest in craft bags production. Light weight and easy handling property of craft bags are attracting the interest of consumer towards the use of craft bags
Global Craft Bags Market: Dynamics
Craft Bags are cheap and easy to use also easily recyclable which make craft bags packaging to grab the attention of manufacturers as well as consumers. Increasing demand for ecofriendly packaging is boosting the consumption of broad range of product, with the successive rise in demand for the paper based packaging for product. Increasing demand for convenient, smaller pack sizes, and rising grocery and personal care product in market is fueling the demand for craft bags across the globe. It is estimated that the demand for craft bags will exceed supply in coming years owing to increasing consciousness about nature safety. Also paper industries are expected to invest in craft bags packaging due to rise in demand among consumer. On the back drop of paper industry packaging industry is focusing towards large consumer base market such as cosmetic and fresh good market. The demand for craft bags are also increasing among cement manufacturers.
Global Craft Bags Market: Segmentation
The global Craft Bags market can be segmented on the basis of product type, application and region. On the basis of product type global craft bags market can be segmented into block bottom craft bags, paper carry bags, checkout craft bags, confectionery craft bags, and others. On the basis of application global craft bags market can be segmented into grocery, food, pharmaceutical, customer goods, stationary and confectionary, cosmetic & personal use product, home care product and others. Among application fresh vegetable and bakery product are ideal for craft bags packaging. Craft bags are ideal for grocery product packaging. On the basis of region global craft bags market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East and Africa.
Global Craft Bags Market: Regional Overview
North America is expected to gain significant market share in craft bags owing to increasing demand for ecofriendly packaging product. Demand for craft bags will continue to grow, due to the manufacturing economies of China and other emerging countries. In fact, the overall market for craft bags will grow at a significant CAGR in forecast years. Craft bags packaging represents the largest market for paper industry. Major portion of produced paper in the U.S is acquired for manufacturing of craft bags. Among these produced paper some are exported to China and the rest are used to produce other craft bags such as boxboard, which includes folding boxes.
Global Craft Bags Market: Key Players
The main player of global craft bags market are international papers,Stanpac, Kent paper, Biopac, Genpak, Bemis Company Incorporated, Berry Plastics Corporation, Novolex and Linpac Packaging Limited.
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