Paper bag Market Higher Growth Rate / CAGR Over The Forecast Period By 2030
The global paper bags market is there to witness steadiness in the form of a CAGR off 4.1% between 2022 and 2030. It is all set to reach US$ 7.3 Bn during this period. Driven by the rising focus on environment-friendly and sustainable packaging solutions, the demand for paper bags is poised to surge exponentially, finds Future Market Insights (FMI) in a new study. Paper bags are light-weight, biodegradable, and cost-effective. Due to their intrinsic properties they also are considered eco-friendlier than plastic alternatives. Use of paper bags has been consistently rising across industries such as agriculture, construction, and others. Spurred by this, the market for paper bags is forecast to exhibit a CAGR of 4.1% CAGR between 2022 and 2030. As paper bags are non-reactive, they are being widely used in packaging of food, beverages, and various high-end products. Expansion of these sectors will therefore bode well for the overall market. FMI’s report offers an exhaustive ov...