India: Paper Bag Usage is Growing
India: Paper Bag Usage is Growing, What Market Share We Can Expect in Next Two Years
Paper bag usage is on the rise in India. It is estimated that the market share of paper bags in the country will grow from 3% in 2024 to 7% in 2026. This increase in popularity of paper bags is due to a number of factors, such as the increasing awareness of the environmental impact of plastic bags, government initiatives to reduce the use of plastic bags, and increasing awareness of the benefits of using paper bags. Paper bags are not only Environmentally friendly, but they are also economical.
1 .A Brief History of Paper Bag Usage in India
India is a country with a rich culture and a long history. From food to fashion, everything is traditions here. And paper bag usage is no exception. Paper bag usage has been around for centuries in India and it’s now seeing a resurgence in popularity.
What is the reason for this renewed interest in paper bags?
There are a few reasons. First, the environmental impact of using plastic bags is becoming more and more apparent. Not only are they difficult to recycle, but they take up a lot of space and can often end up in landfill. Second, paper bags are biodegradable and don’t contribute to air pollution. Indian Government strictly banned one use plastic from July 2022 And finally, paper bags are cheaper than plastic bags.
So, what market share can we expect paper bag usage to have in India in the next two years?
I think we can expect paper bag usage to grow significantly in the next two years. Not only is it environmentally friendly, but it’s also cheaper than using plastic bags. I think we can expect to see paper bag usage take up around 15% of the grocery market in India by 2024.
2 .What is Driving the Growth of Paper Bag Usage in India?
The market for paper bags is growing rapidly in India and the country is expected to have a market share of around 20% in the next two years. The major drivers of the market are the increase in grocery shopping and the growth of online grocery shopping. The online grocery market is expected to grow at a CAGR of 21.5% over the next five years.
3 .What Market Share Can We Expect Paper Bag Usage in India in Next Two Years?
In the current scenario, paper bag usage is on the rise in India. The market for paper bags is expected to grow from the current $200 million to a whopping $2.5 billion by 2024. There are several reasons for this:
-Environmental Concerns:
One of the major reasons for the increased use of paper bags is the concern over the environment. Paper bags are made out of natural materials and are much more environmentally friendly than plastic bags.
-Economic Reasons:
A study has shown that the use of paper bags can help reduce the amount of waste that is produced. Also, the use of paper bags can help reduce the amount of litter that is produced.
-Food Hygiene Concerns:
Another reason for the increased use of paper bags is the food hygiene concerns. Paper bags are less likely to harbour bacteria and are also sturdy enough to handle rough handling.
4 .Conclusion
India is one of the countries where paper bag usage is increasing rapidly. The market share of paper bags in India is expected to reach Rs. 2,500 crore by 2024. This is not just a trend in India, but in other countries as well.
The use of paper bags is not just a trend; it is a way of life.
India is set to be one of the world’s leading paper bag market in the next two years. This is according to a study by market research firm, Millward Brown. They predict that the paper bag market in India will grow by 19% in 2024 and by a further 23% in 2026. This is mainly because of the increasing awareness about the environment and the need to reduce the use of plastic bags.