Insulated Bags Market to Witness Healthy Growth at 6.5% CAGR; US Region to Create Most Lucrative Opportunities

Key Segments

• By Product Type
  • PET
  • Fabric
  • Non-wovens
  • Polyethylene
  • Polyurethane
  • Gel packs
• By End-Use
  • Food and Beverages
  • Pharmaceuticals
  • Industrials
  • Others

New Product Development and E-commerce Channel Complementing the Market Sales

The e-commerce industry in many countries has been impacting micro, small, and medium enterprises and has a favorable impact on other industries, especially in the light of the COVID-19 crisis. Amid the lockdowns and temporary closure of malls and other retail stores during the first three quarters of 2020, the demand for FMCG, consumer goods and food & beverages augmented from online stores. The demand for these products has increased the volume of paper bags and sacks used for packing and transit.

In 2020, people were forced to stay at home due to the COVID-19 pandemic. They are ordering more through online channels. This, in turn, is generating the demand for paper pouches, bags, and sacks. This trend is expected to continue and increase in the near future. Multiwall bags or sacks are widely used as flexible packaging products in the e-commerce sector. Apart from consumer goods, sale of industrial goods through online stores is also increasing.

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Who are the Key Manufacturers and Suppliers of Insulated Bags Market?

Some of the leading manufacturers and suppliers of insulated bags include

• Hood Packaging Corporation
• Paper Sacks Factory
• Novolex
• United Bags Inc.
• Holmen Group
• Georgia-Pacific LLC.
• OJI Holding Corporation
• WestRock Company
• DS Smith Plc.
• Ronpak, B&H Bag Company
• Smurfit Kappa Group PLC.
• International Paper Company
• Hotpack Packaging Industries LLC
• National Paper Products Company

Europe Demand Outlook for Insulated Bags Market

In Europe, the global paper bags packaging market is predicted to hold the second-largest share over the forecast period. Innovations and developments of the personal care, beauty products, and hygiene, rising focus on sustainability, increased demand for consumer-friendly products that are easily transportable and lightweight, and growing demand from the expanding food and beverage, and retail industries in Spain, Germany, and France are adding to the global paper bags packaging market growth in the region. Germany holds the utmost market share.

The Report Covers Exhaustive Analysis On:

• Insulated Bags Market Drivers, Segments and Restraints.
• Insulated Bags Market Survey and Dynamics
• Insulated Bags Market Size & Demand
• Insulated Bags Key Trends/Issues/Challenges
• Insulated Bags Sales, Competition & Companies involved

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