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Plastic Bags & Sacks Market worth $29.06 billion by 2030, growing at a CAGR of 4.10% - Exclusive Report by 360iResearch
Plastic Bags & Sacks Market | 360iResearch
The Global Plastic Bags & Sacks Market to grow from USD 21.93 billion in 2023 to USD 29.06 billion by 2030, at a CAGR of 4.10%.
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Plastic bags & sacks are typically made from polyethylene materials and are widely used for packaging across various industries, including supermarkets, convenience stores, and waste disposal. They are valued for their versatility, lightweight, durability, and cost-effectiveness. The drivers include the growth of retail sectors and supermarkets in emerging economies coupled with the growing demand for convenient and lightweight packaging solutions. Additionally, the steady growth in the trash bag segment owing to increased waste generation globally and a growing population is propelling the expansion. However, increasing environmental concerns regarding plastic waste and the subsequent regulatory pressures aim to reduce the usage of single-use plastics. This has prompted many governments to ban or restrict the usage of plastic bags. Other packaging materials, such as plastic made from paper and biodegradable plastics, are gaining traction as environmentally friendly alternatives to significant challenges. Moreover, the fluctuating cost of raw materials and the recycling of plastic materials remain considerable challenges. Opportunities include innovations focused on biodegradable and recycled plastic bags. Investing in bags that offer the same convenience and durability while minimizing environmental impact can open new avenues and help overcome some regulatory hurdles. Additionally, growing consumer awareness and need for eco-friendly products may increase requirement, providing tailored solutions across various industries.
Market Segmentation & Coverage:
This research report categorizes the Plastic Bags & Sacks Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Biodegradable and Non-biodegradable. The Biodegradable is further studied across PBS, PHS, PLA, and Starch Blends. The Non-biodegradable is further studied across HDPE, LDPE, LLDPE, PP, and PS. The Non-biodegradable is projected to witness significant market share during forecast period.
Based on Application, market is studied across Consumer and Retail and Industrial. The Consumer and Retail is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Plastic Bags & Sacks Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Plastic Bags & Sacks Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Plastic Bags & Sacks Market, highlighting leading vendors and their innovative profiles. These include AEP Group, Alpha Poly Corporatio, Amcor, Inc., AmeriGlobe LLC, Arihant Packaging India Private Limited, Berry Global Inc., Bischof+Klein SE & Co. KG, Dana Poly, Inc., DuPont de Nemours, Inc., Gigantic Bag, Goglio S.p.A., Greif, Inc., Hanoi Plastic Bag Manufacturing JSC, Inteplast Group, Ltd., International Plastics, LLC, New York Packaging / Redi-Bag USA, Novolex Holdings LLC, Ovasco Industries, P&C Da Nang, ProAmpac Intermediate, Inc., Rutan Poly Industries, Inc., Sigma Plastics Group, Sonoco Products Company, and Stephen Gould Corporation.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Plastic Bags & Sacks Market, by Type
7. Plastic Bags & Sacks Market, by Application
8. Americas Plastic Bags & Sacks Market
9. Asia-Pacific Plastic Bags & Sacks Market
10. Europe, Middle East & Africa Plastic Bags & Sacks Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Plastic Bags & Sacks Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Plastic Bags & Sacks Market?
3. What is the competitive strategic window for opportunities in the Plastic Bags & Sacks Market?
4. What are the technology trends and regulatory frameworks in the Plastic Bags & Sacks Market?
5. What is the market share of the leading vendors in the Plastic Bags & Sacks Market?
6. What modes and strategic moves are considered suitable for entering the Plastic Bags & Sacks Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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