According to Cognitive Market Research, The Global Bag Machine market will grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
The global bag-making machine market will expand at a significant 5.90% CAGR between 2023 and 2030.
The demand for the bag-making machine market is rising due to the growing number of start-ups, growing initiatives from the government for paper bags, growing online presence of manufacturers and suppliers, and significant support from the government for funds also support growth.
Demand for automation remains higher in the bag-making machine market.
The Vet Bag category held the highest bag-making machine marketrevenue share in 2023.
North America will continue to lead, whereas the Asia Pacific bag-making machine market will experience the strongest growth until 2030
