According to the latest report by IMARC Group, The global telecom order management market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
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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.
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