In 2023, the global jumbo bags market would reach a value of US$ 6.1 billion. From 2023 to 2033, it would expand at a CAGR of 4.2%. By 2033, it would be valued at more than US$ 9.9 billion.
Plastic products have become a part of daily life worldwide. As a result, these are produced at a massive scale across the globe, opines Future Market Insights (FMI).
It is estimated that around 70% of all plastic products are converted into plastic waste in a short span. Improper plastic waste management is one of the key factors that causes severe soil and groundwater pollution.
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