Unfolding the Growth of Paper Bag Making Business in India: A Comprehensive Guide by Feather Touch Tissues FTC
Synopsis:
Current Market Scenario
The paper bag making business in India has seen a significant surge, thanks to the increasing demand for eco-friendly packaging solutions. As of 2023, the Indian paper bag market size reached a whopping US$ 727.4 Million. The production cost of one 18cm x 25cm paper bag using a paper bag making machine is around Rs 3.40, inclusive of material and labor costs, while the selling price is approximately Rs 3.50.
Future Growth and Opportunities
The paper bag making business in India is projected to reach US$ 1,087.7 Million by 2032, exhibiting a CAGR of 4.4% during 2024-2032. This growth is driven by increasing environmental awareness and regulations aimed at reducing plastic usage. Feather Touch Tissues FTC, a leading manufacturer of paper bag making machines in India, is at the forefront of this growth.
Key Market Segments
The market is segmented based on product type, material type, thickness, distribution channel, and end-use industry. Major product types include Sewn Open Mouth, Pinched Bottom Open Mouth, Pasted Valve, Pasted Open Mouth, and Flat Bottom. The materials used are mainly Brown Kraft and White Kraft.
Key Players
Major players such as Pudumjee Paper Products, The Supreme Industries Ltd, and UFlex Ltd are likely to continue playing a pivotal role in providing eco-friendly paper bags that cater to the retail, food, and hospitality sectors. Feather Touch Tissues FTC, a renowned paper bag making machine manufacturer, is also making significant contributions in this field.
Challenges
Challenges include cost considerations. Paper bag machines can be more expensive to produce than plastic counterparts, affecting adoption, especially among cost-sensitive businesses.
Conclusion
With the shift towards sustainable packaging solutions and the government’s emphasis on reducing single-use plastics, the paper bag making business in India, powered by companies like Feather Touch Tissues FTC, is poised for significant growth in the coming years.
