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NEW YORK , April 27, 2022 /PRNewswire/ -- The paper bag market is set to grow by USD 1.19 billion from 2021 to 2026, progressing at a CAGR of 4.41% according to the latest market report by Technavio. The paper bag market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. El Dorado Packaging, Inteplast Group, International Paper Co., Novolex Holdings LLC, NOVPLASTA CZ, s.r.o., Papier-Mettler KG, Ronpak Inc, Smurfit Kappa Group Plc, United Bags Inc., and WestRock Co. are some of the major market participants.
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Paper Bag Market 2022-2026: Scope
Our paper bag market report covers the following areas:
Paper Bag Market 2022-2026: Drivers & Challenges
The key factor driving growth in the paper bag market is the environmental benefits associated with paper bags. Paper bags are biodegradable, which makes them environmentally friendly and more acceptable among consumers. Paper bags are environment-friendly as they are recyclable, reusable, save energy, and conserve natural resources. Papers bags help reduce greenhouse gas emissions, which, in turn, reduces the carbon footprint. The environmental benefits associated with paper bags will increase the adoption of such products by enterprises in industries, such as retail, which will drive the growth of the global paper bag market.
However, the limited durability of paper bags will be a major challenge for the paper bag market vendors. The ban on regular plastic carrying bags and packaging has increased the demand for paper bags. However, the durability of paper bags is a major concern, especially for enterprises in the food and beverages industry. Paper bags are not strong enough to carry the weight of food. Also, paper bags are not feasible to pack liquid food items such as juice, gravy, and curry. Restaurants and foodservice providers find it difficult to package liquid food items for takeaways using paper bags as spillage of such food items can cause the hampering of packages leading to food loss and contamination. Hence, the durability of paper bags, especially for enterprises in the food and beverages industry, is a major challenge for their adoption.
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Paper Bag Market 2022-2026: Segmentation Analysis
Paper Bag Market 2022-2026: Revenue Generating Segment & Regional Analysis
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Paper Bag Market 2022-2026: Key Highlights
Accelerate at a CAGR of 4.41%
Leading companies, competitive strategies, consumer engagement scope
El Dorado Packaging, Inteplast Group, International Paper Co., Novolex Holdings LLC, NOVPLASTA CZ, s.r.o., Papier-Mettler KG, Ronpak Inc, Smurfit Kappa Group Plc, United Bags Inc., and WestRock Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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