Paper Bag Machines Market Report Overview
- Request a Free sample to learn more about this report
The global paper bag machines market size is estimated to be USD 481 million in 2022 and is projected to touch USD 587.9 million by 2028, at a CAGR of 3.4% during the forecast period.
Paper bag machines are a type of machine. It is used to manufacture paper bags. The machine is the most advanced, and it can produce high-quality bags easily. The machine works efficiently and quickly in order to manufacture bags. It is used to manufacture bags in different sizes and shapes. The machines are easy to use and make strong and durable bags.
Growing demand for packed food and beverages is estimated to surge market growth. Increasing awareness about environmental concerns and hygiene is projected to drive market growth. Rising trend for fashionable paper bags in fashion industry is anticipated to accelerate market expansion in the coming years. Rapid urbanization and industrialization globally are predicted to foster market progress. Increasing demand for strong and durable which is projected to drive market growth. Paper bag machines Growing demand for prints and designed shopping bags is estimated to propel market growth. However, high cost associated with the product is expected to hinder market growth. Lack of technical expertise is predicted to reduce machine adoption among consumers or end-users.
COVID-19 Impact: Shutdown of End-Users Industries Minimized Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with paper bag machines experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Closure of end-user industries such as food and beverage industry and fashion industry minimized market growth. Lockdown restrictions and curfews halted production activities. Lack of skilled labor during the pandemic reduced product adoption. Shutdown of malls and public business sector declined product demand among consumers.
LATEST TRENDS
"Increasing Demand from Food and Beverage Industry to Foster Market Progress"
Rising need for packing food across the world is estimated to fuel market growth. The end product is extensively used in food industry for its strong and durable features. The bags are used to hold products. They are made of recyclable materials, which is anticipated to surge market growth. It is cost-effective and a better alternative than plastic bags. Such advantages of the product are anticipated to fuel market progress. The product is designed in such a manner that it can be reused multiple times without corrupting the quality. Increasing demand for food parcels is estimated to propel market growth during the forecast period. Growing awareness about hygiene bags is projected to drive paper bag machines market growth.
Paper Bag Machines Market Segmentation
- Request a Free sample to learn more about this report
- By Type
Based on type, the market is divided into a sharp bottom/v bottom paper bag machine and square bottom paper bag machine.
Square bottom paper bag machine is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into food & beverage, consumer goods, and others.
Food & beverage is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Growing Demand from Fashion Industry to Stimulate Market Growth"
Increasing demand for the product in the fashion industry is anticipated to surge market growth. Rising need for paper bags in shopping malls for packing clothes is projected to drive market growth. The product can be decorated in different designs and prints, which is anticipated to surge market progress. This bags are an ideal choice for retail stores. Such advantages associated with a product are estimated to surge market growth. Increasing number of brand advertising in paper bags is projected to drive market growth. Growing need for high-quality packing solutions to meet a business needs effectively is anticipated to accelerate market progress during the forecast period. Increasing demand for paper bags in multiple business areas is anticipated to surge paper bag machines market growth.
Advantages Associated with Machine to Foster Market Expansion
Paper bag machines are easy to operate and cost-effective, which is estimated to surge market growth. the machine is an excellent combination of power, value, and ergonomic features. Such advantages are predicted to fuel market growth. Further, it has low noise, high accuracy, and automatic stop options, which is predicted to boost product adoption. The machine is safe and has excellent repeatable torque. Such features of the machine are projected to drive market growth. Rapid industrialization and urbanization are anticipated to fuel market expansion. In addition, government regulation for recyclable bags is predicted to surge market progress in the coming years. The machine requires less energy and produces less waste than traditional method, which is projected to drive paper bag machines market growth.
RESTRAINING FACTORS
"High Installation Cost and Maintenance Costs to Reduce Market Growth "
High installation cost of the machine is predicted to hamper market growth. Further, higher maintenance cost is anticipated to hinder paper bag machines market expansion. Lack of technical expertise is predicted to reduce product adoption during the forecast period.
Paper Bag Machines Market Regional Insights
- Request a Free sample to learn more about this report
"Growth in Retail Industry in North America to Drive Market Share "
North America is predicted to hold the largest paper bag machines market share due to increasing demand from the retail industry. Rapid industrialization and urbanization in the region are projected to drive market growth. Increasing awareness about environmental concerns and hygiene is projected to drive market growth. Rising trend for fashionable paper bags in fashion industry is anticipated to accelerate market expansion in the coming years.
Europe is anticipated to fuel market growth due to increasing consumer awareness about biodegradable bags. Increasing government regulation about eco-friendly bags is projected to drive market growth. Growing investment by major market players in the region is predicted to fuel market growth.
Asia Pacific is anticipated to witness considerable market growth due to rapid industrialization. Increasing demand from the end-user industry is predicted to surge market growth. Higher disposable income and increasing demand for packing solutions are anticipated to accelerate market growth during the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Windmoeller & Hoelscher (Germany)
- Holweg Weber (France)
- Newlong Industrial (Japan)
- Sunhope Packaging Machinery (China)
- Jiangsu Fangbang Machinery (China)
- Zhejiang Zenbo Printing Machinery (China)
- Nanjing Zono Machine Equipment (China)
- Curioni Sun Teramo (China)
- Wenzhou Ruizhi Packaging Machinery (China)
- Jiangsu Nanjiang Machinery (China)
- Somtas (Turkey)
- Zhejiang Zhuxin Machinery (China)
- Daeshin Machinery (Korea)
- ULTRA MACHINE (U.S.)
- Ruian Lilin Machinery (China)
- Absolut Manufacturing (U.S.)
- Ruian Xinke Machinery (China)
- NBG Printographic Machinery (India)
- Yenyeskey (India)
- SK Industries (India)
- KORO
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 481 Million in 2021 |
Market Size Value By |
US$ 587.9 Million by 2028 |
Growth Rate |
CAGR of 3.4% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type & Application |
Regional Scope |
Global |
Frequently Asked Questions
-
What value is the paper bag machines market expected to touch by 2028?
The global paper bag machines market is expected to reach USD 587.9 million by 2028.
-
What CAGR is the paper bag machines market expected to exhibit by 2028?
The paper bag machines market is expected to exhibit a CAGR of 3.4% by 2028.
-
Which are the driving factors of the paper bag machines market?
Drivers of this paper bag machines market are growing demand from fashion Industry and advantages associated with machines.
-
Which are the top companies operating in the paper bag machines market?
Windmoeller & Hoelscher, Holweg Weber, Newlong Industrial, Sunhope Packaging Machinery, Jiangsu Fangbang Machinery, Zhejiang Zenbo Printing Machinery, Nanjing Zono Machine Equipment, Curioni Sun Teramo, Wenzhou Ruizhi Packaging Machinery, Jiangsu Nanjiang Machinery, KORO, Somtas, Zhejiang Zhuxin Machinery, Daeshin Machinery, ULTRA MACHINE, Ruian Lilin Machinery, Absolut Manufacturing, Ruian Xinke Machinery, NBG Printographic Machinery, Yenyeskey, and SK Industries are the top companies operating in the paper bag machines market.
