ID: MRFR/PNT/1507-CR | April 2022 | Region: Global | 100 pages
Impact of COVID-19 on the Global Paper Bag Packaging Market
Breakthrough technologies emerge and rapidly overpower the existing ones. Therefore, most of the companies are focusing on diversifying their business to minimize risks and maximize the gains. The COVID-19 pandemic has left most industry verticals with an uncertain future. However, the packaging industry across the globe has not been as affected by the COVID-19 pandemic compared to other industries. The growing environmental concerns in the packaging industry regarding the usage of plastics have resulted in the change of consumer preferences towards paper-based packaging to reduce the carbon footprint on the planet. In the food industry, the supply of packaged food by restaurants and NGOs leads to the optimal supply chain of food products to customers. The industry is expected to function at full pace owing to the consumer's stockpiling of goods during the COVID-19 lockdown. Besides, the increasing demand for consumer goods during the Coronavirus pandemic is also expected to drive the growth of the paper bag packaging market.
GDP Growth rate in TOP COUNTRIES, 2010–2020 (%)