Paper Bag Machine Market

The global paper bag machine market is projected to decline in both volume and value terms from 2022 to 2030, with Thailand and China playing significant roles in consumption, production, imports, and exports. Thailand leads in consumption and imports, while China dominates in production and exports, showing contrasting trends in the market.

Market Forecast

Depressed by shrinking demand for paper bag machine worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -4.3% for the period from 2022 to 2030, which is projected to depress the market volume to 14K units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -1.6% for the period from 2022 to 2030, which is projected to bring the market value to $1.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machines For Making Bags, Sacks Or Envelopes Of Paper Or Paperboard

In 2022, approx. 20K units of machines for making bags, sacks or envelopes of paper or paperboard were consumed worldwide; waning by -74.8% on 2021 figures. In general, consumption continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 3.8%. Over the period under review, global consumption reached the maximum volume at 81K units in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global paper bag machine market size reduced markedly to $1.6B in 2022, with a decrease of -74.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the market value increased by 5.2% against the previous year. Global consumption peaked at $6.9B in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Consumption By Country

Thailand (12K units) remains the largest paper bag machine consuming country worldwide, accounting for 62% of total volume. Moreover, paper bag machine consumption in Thailand exceeded the figures recorded by the second-largest consumer, China (3.1K units), fourfold.

In Thailand, paper bag machine consumption expanded at an average annual rate of +70.3% over the period from 2012-2022.

In value terms, Thailand ($896M) led the market, alone. The second position in the ranking was held by China ($249M).

In Thailand, the paper bag machine market expanded at an average annual rate of +69.2% over the period from 2012-2022.

From 2012 to 2022, the average annual rate of growth in terms of the paper bag machine per capita consumption in Thailand totaled +69.7%.

Production

World Production of Machines For Making Bags, Sacks Or Envelopes Of Paper Or Paperboard

In 2022, approx. 78K units of machines for making bags, sacks or envelopes of paper or paperboard were produced worldwide; stabilizing at the previous year's figure. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1.2% against the previous year. As a result, production attained the peak volume of 80K units. From 2019 to 2022, global production growth remained at a lower figure.

In value terms, paper bag machine production fell to $6.3B in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 2.3%. Over the period under review, global production reached the peak level at $6.8B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Production By Country

China (76K units) constituted the country with the largest volume of paper bag machine production, accounting for 96% of total volume.

In China, paper bag machine production remained relatively stable over the period from 2012-2022.

Imports

World Imports of Machines For Making Bags, Sacks Or Envelopes Of Paper Or Paperboard

For the third consecutive year, the global market recorded growth in purchases abroad of machines for making bags, sacks or envelopes of paper or paperboard, which increased by 174% to 16K units in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine imports amounted to $480M in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

Thailand prevails in imports structure, amounting to 12K units, which was near 73% of total imports in 2022. The United States (399 units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard imports, with a CAGR of +71.5% from 2012 to 2022. At the same time, the United States (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand increased by +71 percentage points.

In value terms, the United States ($33M) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard worldwide, comprising 6.8% of global imports. The second position in the ranking was taken by Thailand ($3.5M), with a 0.7% share of global imports.

In the United States, paper bag machine imports expanded at an average annual rate of +2.1% over the period from 2012-2022.

Import Prices By Country

The average paper bag machine import price stood at $29,154 per unit in 2022, waning by -63.1% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. Global import price peaked at $106,562 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($81,736 per unit), while Thailand totaled $286 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.1%).

Exports

World Exports of Machines For Making Bags, Sacks Or Envelopes Of Paper Or Paperboard

In 2022, the amount of machines for making bags, sacks or envelopes of paper or paperboard exported worldwide surged to 75K units, increasing by 1,144% compared with the year before. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine exports expanded markedly to $518M in 2022. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports By Country

The biggest shipments were from China (72K units), together accounting for 96% of total export.

China was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of +70.5% from 2012 to 2022. While the share of China (+80 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($146M) also remains the largest paper bag machine supplier worldwide.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +16.1%.

Export Prices By Country

The average paper bag machine export price stood at $6,885 per unit in 2022, declining by -91.5% against the previous year. In general, the export price showed a sharp reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum at $136,150 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -31.9% per year.

Source: IndexBox Market Intelligence Platform