Indian Paper Bag Market to Reach US$896.2 Million by 2027 at a CAGR of 5.3% | 2022-2027 Business SWOT Analysis
SHERIDAN, WY, USA, July 26, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “India Paper Bags Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, India paper bag market size reached US$650 million in 2021. Looking ahead, IMARC Group expects the market to reach US$896.2 million by 2027, showing a growth rate (CAGR) of 5.3% over the period 2022-2027.
Industry overview and application:
Paper bags represent the renewable and eco-friendly product variants of the conventional bags used to hold purchases and packaging items. They are usually made from kraft paper and recycled parchment paper. In addition to this, these bags are treated by mechanical and chemical processes to achieve a certain weight and color. Plus, they’re biodegradable, durable, lightweight, and require less energy to recycle than plastic bags. Paper bags are generally available in a wide range of shapes, forms, colors and sizes which vary according to the various requirements of the users. As such, they find wide applications in various end-use industries, such as pharmaceutical, retail, construction, chemical, etc.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report. The market is segmented by size and region. The report provides an analysis of the main trends in each sub-segment of the market, as well as a regional level forecast from 2022 to 2027. The report also includes the competitive landscape of major key industry players as well as emerging trends on the market.
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Market Trends and Drivers:
Growing consumer awareness about the health risks of plastics is primarily driving the Indian paper bag market. Moreover, the development of shopping malls, complexes, retail outlets, etc., in rural and urban areas is also catalyzing the growth of the market. In addition to this, the widespread adoption of paper bags that are coated with food grade liners and keep the contents fresh over a long period of time acts as another important growth driver. Moreover, the launch of several favorable policies by government bodies to minimize the use of single-use plastics is propelling the demand for paper bags in this country. Apart from this, numerous product innovations aimed at improving design and manufacturing processes are expected to fuel the Indian paper bag market over the forecast period.
Competitive Analysis and Segmentation of Paper Bag Market in India 2022-2027:
Competitive landscape with key players:
The competitive landscape of India Paper Bag Market has been studied in the report along with the detailed profiles of key players operating in the market.
Key Market Segmentation Highlights:
The report has segmented the Indian paper bag market on the basis of product type, material type, thickness, distribution channel, end-use industry, and region.
Breakdown by product type:
• Sewn open mouth
• Open mouth with pinched bottom
• Stuck valve
• Glued open mouth
• Flat bottom
Breakdown by type of material:
• Brown Kraft
• White kraft
Breakdown by thickness:
• 1 ply
• 2 ply
• 3 ply
• > 3 ply
Breakdown by distribution channel:
• On line
Breakdown by end-use industry:
• Food and drinks
• Chemical products
Breakdown by region:
• North India
• West and Central India
• South India
• East India
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19 • Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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