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Plastic Bags & Sacks Market to expand at a CAGR of 3.0% during, 2018-2026 -
Transparency Market Research delivers key insights on the plastic bags & sacks market in its published report, titled "Global Plastic Bags & Sacks Market: Industry Analysis and Opportunity Assessment, 2018-2026". In terms of revenue, the global plastic bags & sacks market is estimated to expand at a CAGR of 3.0% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecasts in this report.Plastic bags & sacks are containers made of thin, flexible, plastic film. The plastic bags & sacks can be made up from biodegradable or non-biodegradable materials. The plastic bags & sacks are commonly used in the retail stores or supermarkets for packaging of products. The plastic bags & sacks find its application in retail & consumer, institutional services and other industrial applications. The plastic bags & sacks are also used as garbage bags or trash bags.
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The global market for plastic bags & sacks is segmented by material type, product type and application.
In the global plastic bags & sacks market, retail and consumer application segment of plastic bags & sacks is estimated to be highly attractive in terms of CAGR, market share and incremental opportunity. Europe and Asia Pacific plastic bags & sacks geographic markets together are estimated to account for more than half of market share throughout the forecast period. In the global plastic bags & sacks market by product type, rubble segment is expected to grow at a higher pace as compared to other segments during the forecast period.
This report assesses trends driving the growth of each segment of plastic bags & sacks market on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the plastic bags & sacks market.
The North America plastic bags & sacks market includes country level analysis for the U.S. and Canada. The U.S. plastic bags & sacks market is expected to expand at a CAGR of 2.2% during the forecast period. Retail & consumer segment is estimated to account for the largest market share by application type in the region. The Latin America plastic bags & sacks market include country-level analysis for Brazil, Mexico, Argentina and rest of Latin America. The Brazil plastic bags & sacks market is anticipated to expand at the highest pace during the forecast period in the Latin America region. The Europe plastic bags & sacks market include country-level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany accounts for the highest market share in the Europe plastic bags & sacks market.
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The Asia Pacific (APAC) plastic bags & sacks market includes country-level analysis for China, India, ASEAN, Japan, Australia & New Zealand and Rest of APAC. The Asia Pacific plastic bags & sacks market represent most lucrative geographic region wherein China represent substantial incremental opportunity during the forecast period. The Asia Pacific plastic bags & sacks market is expected to expand at the highest pace during the forecast period among all the geographic segments. The Middle East and Africa (MEA) plastic bags & sacks market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA. GCC countries accounts for the highest market share in the Middle East & Africa plastic bags & sacks market.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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