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Bio-Plastic Carrier Bags Market - Share, Growth by Top Company, Geographical Region, Application, Driver, Trends & Forecast to 2024
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Bio-Plastic Carrier Bags Market: Market Dynamics
Currently, the bio-plastics carrier bags market is witnessing high demand across various industries such as food and beverage, pharmaceuticals, automotive, retail, health and personal care as they come in a wide range of attractive designs and shapes. Increasing consumer demand for the eco-friendly plastic carrier bags has led the plastic manufacturers to shift from traditional plastic bags to bio-plastic carrier bags. Another significant factor that drives the bio-plastic carrier bags market is the re-usability characteristic which is highly preferred by the consumers. Government initiative towards purchasing eco-friendly solutions have further fueled up the demand for bio-plastic carrier bags market. Bio-plastic carrier bags market is expected to grow significantly during the forecast period because of its increasing usage in various industries as well as by the consumers.
However, bioplastic carrier bags possess few restraints that can hamper the growth of the market. Produced from food crops that are genetically modified such as corn, bioplastics results in an interruption of the food supply. Corn plants contain a high amount of chemical pesticides that can be harmful while processing bioplastics. There is immense pressure on the crop production thereby impacting the food prices and agricultural process, due to the growth of bioplastic carrier bag manufacturing.
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Bio-Plastic Carrier Bags Market: Market Segmentation
Bio-plastic carrier bags market can be segmented on the basis of type of bio plastic carrier bags, which include:
Single-use bag
Multiple-use bag
Woven or non-woven bag
Bio-plastic carrier bags market can be segmented on the basis of plastic type used for manufacturing bio plastic carrier bags, which include:
HDPE
LLDPE
LDPE
PP
PET
Bio-plastic carrier bags market can be segmented on the basis of application, which include:
Food & Beverage
Pharmaceuticals
Automotive
Retail Stores
Others
Bio-plastic carrier bag market can be classified on the basis of types of bio plastics which include,
Starch based plastics
Cellulose based plastics
Genetically modified bio plastics
Bio-derived polyethylene
Others
Bio-Plastic Carrier Bags Market: Regional Outlook
Regional coverage for bio-plastic carrier market include, North America’s bio-plastics carrier bags market, Latin America’s bio-plastics carrier bags market, Europe’s bio-plastics carrier bags market, Asia Pacific bio-plastics carrier bags market and China’s bio-plastics carrier bags market and Middle East and Africa’s bio-plastics carrier bags market. Europe accounts for the significant usage of bio-plastics carrier bags market. The European retail market has the maximum usage of bio plastic carrier bags. However bio-plastic carrier bags market is expected to grow widely across all regions during the forecast period.
Bio-Plastics Carrier Bags Market: Market Players
Market players for bio-plastic carrier bags market include, ALPAGRO Plastics N.V, Novamont S.p.A, Bio Bag Americas, Inc., Biopak Pty Ltd., Thai Plastic Bags Industries Company Ltd., Polybags Ltd and others.
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