Tue, 12 Dec 2023

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.

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Key Segments Profiled in the Craft Bags Industry Survey

Craft Bags Market by Product Type:

  • Block Bottom Craft Bags
  • Paper Carry Bags
  • Checkout Craft Bags
  • Confectionery Craft Bags
  • Others

Craft Bags by Application:

  • Craft Bags for Grocery
  • Craft Bags for Food
  • Craft Bags for Pharmaceuticals
  • Craft Bags for Customer Goods
  • Craft Bags for Stationary
  • Craft Bags for Confectionery
  • Craft Bags for Cosmetics
  • Craft Bags for Personal Use
  • Craft Bags for Home Care Products
  • Craft Bags for Other Applications

Craft Bags by Region:

  • North America Craft Bags Market
  • Latin America Craft Bags Market
  • Europe Craft Bags Market
  • Asia Pacific Craft Bags Market
  • Middle East & Africa Craft Bags Market

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.

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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.

Explore FMI's Extensive Ongoing Coverage on Packaging Domain-Related Links

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The post Craft Bags Market to Hit US$ 2.4219 Bn by 2022-2032 | Future Market Insights appeared first on Future Market Insights.

Original Source of the original story >> Craft Bags Market to Hit US$ 2.4219 Bn by 2022-2032 | Future Market Insights

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