The COVID-19 crisis had halted operations across various verticals between March 2020 and September 2021. As such, the production of paper bags had declined therein. However, with normalcy getting restored, agriculture & allied industries, building & construction, food & beverage, retail and chemicals verticals are expected to flourish, which, in turn, would ask for more number of paper bags.
The demand for plastic-based packaging has started witnessing a sluggish growth in the past few years as sustainability was one of the decisive factors while making purchase. However, this recent outbreak has shifted the consumer preference towards safety & hygiene. Thus the demand for flexible plastic packaging solutions is poised to witness a moderate growth rate and paper packaging would be serving the purpose.