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Plastic Bags & Sacks Market Size, Industry Analysis Report, Regional Outlook Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017– 2024
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Plastic Bags & Sacks Market size will witness significant growth owing to surge in retail chains including hypermarkets & supermarkets and convenience stores. Growing rush on retail counters is expected to fuel the product demand as these bags are quicker to pack, and open. Hence, for busy cashiers it is an effective solution which can help in moving queues more quickly. It also offers benefits to consumers as these are easy to use, cost-effective and convenient to store.
Growth in dairy industry will provide positive outlook for plastic bags & sacks market as it is easy to carry & store liquid & perishable products using polythene. Besides, growing product popularity in humid regions as it provides protection in rains will propel plastic bags & sacks market size. They are also less prone to tearing and can be used for a variety of purposes for storing miscellaneous items. Furthermore, changing consumer lifestyle, rapid industrialization, and declining oil & gas prices in emerging economies are the factors fueling the product demand.
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The supply chain involves extraction & refining of crude oil, then it goes for production of fuels, fluff/pellets and other products. It is estimated that around 4% of the annual oil production globally is used for polythene manufacturing. The pellets are then shipped to companies who manufacture several types of polythene packaging materials in different shapes & sizes.
Plastic bags & sacks provides resistant to infestation, corrosion, moisture and decay that makes it suitable for packaging of chemicals and fertilizers. It is made from both biodegradable & non-biodegradable materials. Biodegradable material includes starch blend resins, polylactic acid, and poly hydroxy alkanoates. Non-biodegradable material is divided into low density polyethylene, polystyrene, high density polyethylene, linear low-density polyethylene and polypropylene. The non-biodegradable plastic bags & sacks market segment is expected to be the fastest growing industry owing to favorable government norms towards these products as they are ecofriendly and reusable. Additionally, it takes less energy to recycle as compared to glass & metal containers.
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Plastic bags & sacks are also used in manufacturing of different end-use products t-shirt, trash bags and rubble & woven pouches. The product is used in retail & consumer, institutional and other industrial applications. Retail & consumer segment is divided into grocery products, food & beverage and clothing & apparel.
Reasons to Buy This Report:
1. Plastic Bags & Sacks Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Plastic Bags & Sacks Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Plastic bags & sacks market is moderately fragmented as it is characterized by the presence of numerous large & small players. Some of the key players for plastics bag & sacks market include Mondi, Berry, AEP Industries, Alpha Poly, Emmbi Industries, Bischof & Klein, Schur Flexibles, Interplast, Ampac, Novolex, Goglio, Mayur Industries, Dangote, Pebal, Bag JSC and Bag JSC.
The Plastic Bags & Sacks Market Report Consists of:
1. Methodology and Scope
2. Executive Summary
3. Plastic Bags & Sacks Industry Insights
4. Industry segmentation
5. Industry size, forecast and growth expectations, 2017 - 2024
6. Industry ecosystem analysis Raw material insights
7. Technology insights
8. Regulatory framework
9. Industry dynamics
10. Key growth opportunities
11. Porter's analysis
12. Company market share, 2017
13. PESTEL analysis
14. Regional price trends
15. Plastic Bags & Sacks Product Insights
16. Plastic Bags & Sacks Application Insights
17.Plastic Bags & Sacks Regional Insights
18. Competitor Profiles
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Companies are adopting various strategies to enhance their presence in global plastic bags & sacks market which include increase focus on research and development activities, new product launch, mergers and acquisitions. In July 2016, Mondi Group acquired Ural, a Russian company that manufactures consumer flexible packaging products for homecare, hygiene, food and other applications. The acquisition will help Mondi to strengthen its presence in Russia and improve their consumer packaging business. Mondi is a packaging and paper group with full integration across paper and packaging value chain.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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