September 06, 2023 09:58 ET | Source: Emergen Research Emergen Research
Vancouver, Sept. 06, 2023 (GLOBE NEWSWIRE) -- The global paper bags market size is expected to reach USD 10.42 Billion at a steady revenue CAGR of 5.9% in 2032, according to the latest analysis by Emergen Research. Increasing environmental concerns among individuals is a major factor driving the market revenue growth. One of the most significant advantages of utilizing paper bags is that they are biodegradable. Furthermore, paper bags can be reused after buying as a result it saves money therefore driving revenue growth of the market. Eco-friendly bags offer a healthy, secure, and green substitute. They can carry more weight than regular bags which is also driving the market revenue growth. Food Take Away Boxes
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Rising need for paper bags for shopping and food packaging is another factor driving market revenue growth. Reusable and environmentally friendly shopping bags provide a more durable and reliable alternative to conventional plastic bags as they are made of tougher material and will not rip off from heavyweight. Paper shopping bags include plastic and can be recycled numerous times. These bags typically come in a wide variety of designs, colors, and shapes so the individual can select them based on the needs which is contributing to the market revenue growth.
However, paper bags are not water resistant which is a major factor restraining the market revenue growth. When these bags become wet, they start to tear up easily. If a person buys wet items such as meat, or fish, the paper stick to the meat or fish and can tear them before the person gets home.
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Major Companies and Competitive Landscape
The global paper bags market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
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Some Key Highlights From the Report
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/paper-bags-market For the purpose of this report, Emergen Research has segmented the global paper bags market on the basis of product, material type, size, distribution channel, end-use, and region:
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