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According to the latest report by IMARC Group, titled “Paper Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global paper bags market is expected to exhibit a CAGR of 4.78% during 2022-2027. A paper bag is a flexible packaging solution that is used to carry goods. It is made with biodegradable, reusable, recyclable, parchment, and kraft paper. These materials are processed through several mechanical and chemical processes to attain a specific weight and color. As compared to plastic bags, paper bags are more lightweight and require lesser energy for recycling. They also offer ecological benefits by reducing greenhouse gas (GHG) emissions, conserving natural resources, lowering risks to animals, and reducing air, land, and water contamination.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Paper Bags Market Trends:
The increasing shift toward biodegradable and eco-friendly packaging products represents the key factor driving the global paper bags market growth. The escalating demand for consumer goods and processed food products are further contributing to the market growth. Moreover, these bags are coated with food-grade liners, which maintain the freshness of the contents for longer durations. In line with this, the rising concerns regarding the safety of the environment and marine animals are acting as another growth-inducing factor. Additionally, continuous investments in research and development (R&D) activities to improve the design and manufacturing processes and increase the reliability, convenience, and efficiency of the product are creating a positive outlook for the market.
Market Summary:
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