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There are reasons why the paper bag making business is in demand these days. Plastic bags are now banned in most of the metro cities because they choke the environment. This ban is expected to slowly move to smaller cities and rural areas too. Paper carry bags, on the other hand, are affordable, low priced and inexpensive; they are recyclable and help keep the environment clean. Small businesses like confectioners. Grocery stores, cloth and textile merchants, dry cleaners, bookstores, vegetable shops, meat, and fish shops use this item extensively these days.
Finally, the paper bag is a good way of creating branding for an organization.
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Globally paper bags are witnessing a CAGR growth of 4.4% and in 2017-18 the projected value of this industry on a global range of $ 4500 million. The largest consumer of paper bag making business worldwide is the retail sector followed by Food & Beverage and agriculture industries.
The Indian paper industry is a meager 1.6 % of the world’s total production of paper. The size of the industry currently stands at $ 5.95 billion. The demand for paper in the domestic market is around 8%. Today, Indian paper manufacturers export paper products worth Rs. 400 crores per annum to developed nations.
It is estimated that by 2020, the demand for paper in the Indian market will rise to 20 million tonnes. It has been reported that currently India’s per capita paper consumption stands at 9 kg against 42 kg in China or a global average of 58 kg.
Also, Read: Process for Making Jute Bag Making Business in India.
A startup paper bag making business unit needs the following registrations and licenses:-
Recommended Article: How to Start a Paper Plate Business in India?.
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