IMARC Group has recently released a new research study titled "India Paper Bags Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What is the market for paper bags in India?
The India paper bags market size reached US$ 692.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 942.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.08% during 2023-2028.
India Paper Bags Market 2023-2028 |
Market Outlook:
Paper bags are reliable, dependable, and lightweight storage containers that are manufactured from several paper-based materials, including recycled kraft and parchment papers. These elements are further subjected to several mechanical and chemical processes to get the desired weight and color. In contrast to plastic bags, paper bags are entirely biodegradable, recyclable, reusable and inflict the least negative environmental impact; thus, they are utilized as packaging solutions in grocery shops. Currently, paper bags are available in varying sizes and forms, such as handled bags, flat paper, and multiwall paper sacks.
Opportunities in the Paper Bags Industry in India:
Rapid urbanization, the sudden emergence of retail and micro-level sellers, and the increasing need for various eco-friendly premium paper bags as a shopping carrier to pack consumer goods are mainly driving the market toward growth in India. Furthermore, the enforcement of green initiatives by governments for limiting the uptake of single-use plastics owing to escalating consumer awareness regarding its detrimental environmental impact has augmented the demand for sustainable packaging solutions, such as paper bags, which is propelling the market growth.
Furthermore, the extensive product usage with food-grade liners to pack processed edible items and products to maintain their flavor, aroma, texture, and quality for an extended period is impelling the market growth. Besides this, the continuous launch of aesthetically attractive paper bags in diverse designs by key players for branding and marketing purposes is creating a positive outlook for the India paper bags market across the nation.
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India Paper Bags Market 2023-2028 Competitive Analysis and Segmentation:
India Paper Bags Market Segmentation:
The report has segmented the India paper bags market on the basis of product type, material type, thickness, distribution channel, end use industry and region.
Based on Product Type:
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Based on End Use Industry:
Regional Analysis:
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Key Highlights of the Report:
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