Innovation plays a vital role in the growth of the global paper bags packaging market. Therefore, advancement in packaging technology has allowed companies to innovate products instead of sticking to traditional packaging methods. Furthermore, many companies are focusing on product designs to survive in a competitive market. Companies spend more on packaging innovation rather than on production costs to enhance the performance of the packaging technique.
North America dominates the global paper bags packaging market. Increasing demand for packaged food in this region is driving the growth of the market. The U.S. accounted for the largest market share of the North American region. Furthermore, a growing preference for hygienic packaging and the high growth in the pharmaceutical industry in the North America region is fuelling the growth of the market.
Europe is another major market in terms of demand for paper bags. Europe plays a key role in the innovation and development of personal care, hygiene, and beauty products. Growing focus on sustainability and increased demand for consumer-friendly products, which are lightweight and easily transportable are the major factors driving the growth of the paper bags packaging market.
Growing industrial development, as well as increasing the urban population in the developing countries, boost the market growth further. China, Japan, India, Australia, and Indonesia are the major contributor to the Asia Pacific market. China accounts for the largest share of the regional market due to rapid growth in urbanization and industrial development.