Plastic Bag And Sack Market Size to Worth Around US$ 36.30 Billion by 2031 | AEP Industries Inc.

Market Overview:

The global plastic bag and sack market is projected to reach around US$ 36.30 Billion by the end of 2030, in terms of revenue, growing at CAGR of 5.1% during the forecast period (2023-2030).

Market Dynamics:

Plastic bags and sacks market is expected to witness significant growth over the forecast period owing to rising demand from packaging industry across the globe. The packaging industry has been growing at a robust pace especially in emerging countries. Moreover, increasing consumption of packaged and processed food has also fueled the demand for plastic bags and sacks globally. Other factor driving the market include growth in e-commerce sector. Online shopping has surged manifold over the past few years which in turn has increased the demand for plastic bags and sacks for packaging purposes.

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Major Driver: Increased Consumer Preference For Convenient And Hygienic Packaging Solutions

The plastic bag and sack market is expected to witness significant growth owing to the increasing consumer preference for convenient and hygienic packaging solutions. Plastic bags and sacks offer versatile packaging options and are lightweight and easy to carry. They help preserve freshness and prevent contamination of products. The growing working population has led to increased demand for ready-to-eat foods and packaged foods and beverages. Plastic bags and sacks provide an ideal solution for packaging and carrying these products. They ensure hygienic handling and transportation of foods and other items. The ability of plastic bags to carry both wet and dry items has further augmented their usage. Their ease of disposal is another key factor fueling their demand among consumers.

Major Opportunity: Growing Demand For Compostable And Biodegradable Plastic Bag Variants

Rising environmental consciousness among consumers and tightening sustainability norms present a big opportunity for compostable and biodegradable plastic bag manufacturers. People are increasingly preferring packaging materials that can degrade naturally and do not cause litter. Compostable plastic bags made from renewable feedstocks like cornstarch, vegetable oils and cellulose are gaining traction. When littered in the open, they get broken down by microorganisms into carbon dioxide, water and biomass within a short timeframe. Their decomposition does not release toxic residues into the soil. Biodegradable plastic bags are also suited for applications where disposal is an issue. This provides impetus to replace conventional plastic bags with eco-friendly alternatives. Investments in R&D and production capacity for compostable bags can help companies leverage this opportunity.

Major Trend: Increased Adoption Of Recycled Plastic Bags

One of the significant ongoing trends in the plastic bag and sack industry is the rising adoption of recycled plastic bags. Recycling plastic helps reduce waste sent to landfills and also prevents new plastic from being produced using fossil fuels. Many leading retailers and brands are committed to increasing their usage of recycled resins and boost post-consumer plastic recycling rates. Government incentives and regulations also encourage the utilization of recycled materials. Recycled plastic bags have lower production costs compared to virgin plastic bags. They also provide an opportunity for plastic bag manufacturers to promote their sustainability credentials and satisfy regulatory norms. Advanced recycling technologies are enabling high-quality recycled plastic suitable for food-grade applications. This trend is expected to gain further traction as recycling infrastructure improves globally.

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Top Companies Featured in This Report:

★ Key players operating in global plastic bag and sack are AEP Industries Inc.
★ Mondi Group
★ Berry Plastics Inc.
★ Alpha T-shirt
★ Novolex
★ Ampac Holdings LLC
★ Bischof & Klein GmbH & Co. KG
★ Inteplast Group
★ Starlinger & Co Gesellschaft M.B.H
★ Da Nang Plastic Joint Stock Company
★ Hanoi Plastic Bag JSC
★ Goglio Group
★ Schur Flexibles Group

Market Segmentation:

By Product Type:

★ By Material Type: Non-Bio-DegradableHigh-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear low-density polyethylene (LLDPE), Polypropylene (PP), Polystyrene (PS), Others) Bio-Degradable (Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Starch Blends, Others)
★ By Product Type: (T-Shirt Bag, Gusseted Bag, Lay Flat Bag, Trash Bag, Rubble Sack, Woven Sack, Others)

By Applications:

★ By Application: Retail & Consumer (Grocery Products, Food & Beverage, Clothing & Apparel, Others), Institutional (Hospitality, Hospital & Healthcare Facility, Others), Industrial

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Trends in Navigation Keyword Market:

Market Growth: Expect significant expansion in the navigation keyword market, with a projected Compound Annual Growth Rate (CAGR) of 14.65% from 2024 to 2031.

Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.

Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.

Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.

Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.

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Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.

Report Highlights:

📈 Examination of navigation keyword market share at both country and regional levels

📈 Thorough analysis of the competitive landscape and emerging trends

📈 Detailed review of product advancements, technological developments, drivers, and limitations

📈 Strategic recommendations tailored for key business segments based on market insights

📈 Valuable guidance for newcomers venturing into the navigation keyword market

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Author Bio:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )

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