The growing environment awareness and other major driving factors is expected to favour the rise in the global paper bags market
Reports and Insights has published a new report titled, “Paper Bags Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Paper Bags Market, By Product Type (Sewn Open Mouth, Pinched Bottom Open Mouth, Pasted Valve, Pasted Open Mouth, Flat Bottom), By Material Type (Brown Kraft, White Kraft), By Thickness (<2 Ply, 2 Ply, 3 Ply, > 3 Ply), By End Use (Agriculture & Allied Industries, Building & Cons, Food & Beverage, Retail, Chemicals, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global paper bags market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Paper bags are getting enormous popularity and acceptance all around the world as these bags are completely recyclable, reusable, and environment-friendly and all the same ecologically pure and entirely non-toxic and pose much lesser threat to environment, wildlife and aquatic habitat. It needs a lot less energy for paper bags to be reprocessed and reused in comparison to plastic bags.
As a matter of fact, paper bags have made significant progress since their origins in the mid-eighteenth century when some paper bag manufacturers started making paper bags that are sturdier and long running.
The paper bags are basically box-shaped in structure that enables them to stand upright and hold more goods. Many companies are using paper bags in their product packaging and branding purposes as well as in their promotions and seminars.
The growing awareness among the population regarding the safety of environment as well as the flora and fauna is majorly shifting their preference to paper bags which is a sustainable alternative and a 100% reprocessable and reusable product in comparison to the conventional plastic bags, which is majorly toxic and non-decaying. Owing to which, the global paper bags market is projected to witness significant growth in the following years.
With the same token, there is increased demand for consumer-friendly products and moreover, paper bags pose much less risk of suffocation and strangulation to kids and animals, thereby elevating their demand. Attributing to said factors, the global paper bags market is estimated to grow rapidly over the years.