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 size of the paper bags industry 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.
Paper Bags: Application and Outlook
Paper bags are an environmentally friendly alternative to traditional plastic bags, used for carrying purchases and packaging items. They are commercially available in various shapes, colors, and sizes to meet different consumer needs. Paper bags are made from renewable resources and are biodegradable, making them a more sustainable option than conventional packaging solutions. The manufacturing process of paper bags involves the use of pulp made from wood, sugarcane, and other natural fibers, which are then molded and printed according to the desired design and shape. They offer several advantages, including lower energy consumption during production, reduced greenhouse gas (GHG) emissions, and better recyclability, due to which paper bags are witnessing a considerable surge in demand in India.
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India Paper Bags Market Trends:
In India, the growing concern about the health risks associated with plastic bags and the increasing awareness about sustainability are some of the primary factors creating a positive outlook for the market. Additionally, the Government of India (GoI) has implemented regulations and taxes to curb the use of plastic bags, which, in turn, is accelerating the market growth. Moreover, the expanding demand for luxury and premium paper bags due to the rising standard of living and increasing urbanization are acting as other growth-inducing factors. Besides this, the surging consumer awareness regarding the environmental impact of plastic bags and the introduction of multi-purpose and aesthetically pleasing paper bags by key players are positively supporting the market growth in the country.
Request to get the sample report: https://www.imarcgroup.com/india-paper-bags-market/requestsample
Key Market Segmentation:
The report has segmented the market into the following categories:
Product Type:
- Sewn Open Mouth
- Pinched Bottom Open Mouth
- Pasted Valve
- Pasted Open Mouth
- Flat Bottom
- Others
Material Type:
- Brown Kraft
- White Kraft
Thickness:
- 1 Ply
- 2 Ply
- 3 Ply
- > 3 Ply
Distribution Channel:
- Online
- Offline
End Use Industry:
- Food and Beverages
- Pharmaceutical
- Retail
- Construction
- Chemicals
- Others
Regional Outlook:
- North India
- West and Central India
- South India
- East India
Explore Full Report Description At: https://www.imarcgroup.com/india-paper-bags-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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