Japan Paper Bag Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Pasted Valve, Pasted Open Mouth, and Flat Bottom), By Price Point (Economy, Premium, and Medium), and Japan Paper Bag Market Insights, Industry Trend, Forecasts to 2033.
Industry: Advanced MaterialsJapan Paper Bag Market Insights Forecasts to 2033
- The Market is Growing at a CAGR of 3.9% from 2023 to 2033
- The Japan Paper Bag Market Size is Expected to Hold a Significant Share by 2033
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The Japan Paper Bag Market Size is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 3.9% from 2023 to 2033.
Market Overview
A paper bag is a kind of packaging that is mostly composed of paper or paperboard. Groceries and other objects are frequently carried and transported with it. To meet diverse demands and tastes, paper bags are available in a variety of sizes and shapes, such as stitched open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, and flat bottom. Because of laws intended to reduce plastic waste and growing environmental concerns, these bags are a popular substitute for plastic bags. Additionally, Japan's market for paper bags has grown significantly in recent years, partly as a result of the nation's growing emphasis on environmental sustainability and the reduction of plastic waste. Paper packaging has long been popular in Japan, where it is associated with traditional values of simplicity and a strong bond with nature.
Report Coverage
This research report categorizes the market for the Japan paper bag market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan paper bag market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan paper bag market.
Japan Paper Bag Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 3.9% |
Historical Data for: | 2019-2022 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 102 |
Segments covered: | By Product Type, By Price Point and COVID-19 Impact Analysis |
Companies covered:: | Oji Holdings Corporation, Nippon Paper Industries Co., Ltd., Rengo Co., Ltd., Mitsubishi Paper Mills Limited, Daio Paper Corporation, Hokuetsu Paper Mills, Ltd., Nikka Paper Industries Co., Ltd. and others key players. |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The market in Japan is anticipated to grow as a result of the growing demand for environmentally friendly packaging over the forecast period, the growing interest of Japanese consumers in buying recycled goods, the emergence of more benevolent government regulations pertaining to packaging in Japan, and the potential for increased product efficiency to propel market growth during the forecast period. Additionally, paper bags were imported into Japan in 5,104 shipments between March 2023 and February 2024 (TTM). 268 foreign exporters provided these imports to 265 Japanese consumers. Paper bags are becoming more and more popular in Japan, as seen by the country's growing imports. Japanese consumers are further driving the Japanese paper bag industry due to this significant requirement and increasing use of paper bags. Furthermore, around 11.6 million metric tons of paper were generated in Japan in 2023. The country's enormous paper production is a benefit to the manufacturers of paper-related goods there, as it supports industries by supplying readily available raw materials at a reasonable cost.
Restraining Factors
The market is severely constrained by high production costs, which make items less affordable and competitive when compared to alternatives like plastic bags. The purchase of raw materials, energy use, labor costs, and machinery maintenance are further expenditures associated with the production of paper bags.
Market Segmentation
The Japan paper bag market share is classified into product type and price point.
- The flat bottom segment is expected to hold a significant market share through the forecast period.
The Japan paper bag market is segmented by product type into pasted valve, pasted open mouth, and flat bottom. Among these, the flat bottom segment is expected to hold a significant market share through the forecast period. This is due to people are looking for eco-friendly alternatives to conventional packaging as their concerns about the impact on the environment rise. In response, producers are creating flat-bottom paper bags from recycled materials.
- The medium segment is expected to dominate the Japan paper bag market during the forecast period.
Based on the price point, the Japan paper bag market is divided into economy, premium, and medium. Among these, the medium segment is expected to dominate the Japan paper bag market during the forecast period. Medium-priced paper bags are a popular option for a variety of businesses, including grocery stores and boutiques, because they provide a good mix between cost and quality. Additionally, these bags come in a variety of sizes, colors, and handle options, so companies can tailor their packaging to fit their branding strategy.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Japan paper bag market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Oji Holdings Corporation
- Nippon Paper Industries Co., Ltd.
- Rengo Co., Ltd.
- Mitsubishi Paper Mills Limited
- Daio Paper Corporation
- Hokuetsu Paper Mills, Ltd.
- Nikka Paper Industries Co., Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In August 2022, Tri-Wall Limited, a subsidiary of Rengo Co., Ltd., announced that it has acquired all of Corrugated Case Holdings Limited's shares. The Corrugated Case Company Limited manufactured and sold high-value corrugated boxes out of a factory in Chesterfield, central England.
Market Segment
This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan Paper Bag Market based on the below-mentioned segments:
Japan Paper Bag Market, By Product Type
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
Japan Paper Bag Market, By Price Point
- Economy
- Premium
- Medium
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