COVID-19 Analysis The ongoing COVID-19 pandemic has hugely impacted key end users of paper bags like beverages, food, and retail, among others. Thus the paper bags packaging market is experiencing a fall in demand. Further, the manufacturing of products was impeded owing to lockdowns and social distancing leading to decline in the market growth. Besides, overall supply chain disruptions, difficulty to source raw material owing to restrictions on transport, and unavailability of labors have caused hindrances in the market growth.
Market Segmentation The MRFR report highlights on an inclusive analysis of the paper bags packaging market based on application and product.
Paper Bags Packaging Market to Develop at 4 3% CAGR by 2027
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Global Paper Bags Packaging Market is Anticipated to Attain 4 3% CAGR by 2023
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Novolex Acquires B&H Bag Company
Adds Production Capacity to Novolex Duro Bag Operations
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HARTSVILLE, S.C., Dec. 15, 2020 /PRNewswire/ Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has acquired the business of B&H Bag Company, a leading manufacturer of paper bags and other products. The B&H business will be a part of the Novolex Duro Bag® business, strengthening Duro s customer service through increased production capacity. The family-owned company has one manufacturing plant, located outside of Houston, Texas. We are pleased to welcome the B&H team into the Novolex family, said Stan Bikulege, Chairman and CEO of Novolex. B&H brings a strong line of products and a tradition of customer service excellence that we are proud to add to our organization. The talented and dedicated B&H team will be a great addition to our Duro Bag business.