According to IMARC Group’s latest report, titled “Paper Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global paper bags market reached a value of US$ 5 Billion in 2020.
Looking forward, IMARC Group expects the market to reach a value of US$ 6.6 Billion by 2026.As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
These observations will be integrated into the report.Request for a free sample copy of this report: https://www.imarcgroup.com/paper-bags-market/requestsampleA paper bag is a packaging product that is used to store and carry goods conveniently by the consumers.
It is made up of recycled, kraft and parchment paper by processing it through several mechanical and chemical processes until it attains a specific color and weight.
Nowadays, paper bags are gaining traction across the globe as they are more sustainable in nature than plastic bags.Market Trends and Drivers:The extensive use of paper bags by the retail sector is the primary factor catalyzing paper bags market growth.
In line with this, governments of various countries have banned plastic bags and are encouraging the usage of paper bags as they are manufactured out of biodegradable material that causes negligible amount of environmental pollution.