Global Plastic Bags & Sacks Market Size Study by Material, Product, Application, and Regional Forecasts 2022-2032

Description

The Global Plastic Bags & Sacks Market is valued at approximately USD 23.54 billion in 2023 and is poised to grow at an impressive CAGR of 5.5% during the forecast period from 2024 to 2032. Plastic bags and sacks, pivotal in modern packaging solutions, offer convenience, durability, and versatility across diverse applications. Whether used for retail shopping, industrial goods transportation, or waste management, these products remain integral to global supply chains. The market's transition towards biodegradable materials and eco-friendly innovations highlights the industry's response to environmental concerns and regulatory mandates.

The market growth is driven by a surging demand for cost-effective packaging solutions, particularly in emerging economies, coupled with technological advancements in biodegradable plastic manufacturing. The retail and consumer goods sector, buoyed by e-commerce growth, prominently contributes to the demand for various plastic bag products. However, environmental activism against plastic usage and stringent regulations on single-use plastics present significant challenges. Despite these hurdles, manufacturers are leveraging R&D to introduce sustainable alternatives and comply with evolving consumer preferences.

Regionally, the Asia Pacific dominates the market due to robust growth in retail sectors, urbanization, and industrial activities in countries like China and India. North America and Europe exhibit steady growth, propelled by advancements in biodegradable materials and stringent environmental policies. Latin America and the Middle East & Africa, though in nascent stages, show significant potential with increasing infrastructure and retail developments.

Key players in the Plastic Bags & Sacks Market are intensively focusing on product innovation, mergers, and sustainability initiatives to enhance their competitive edge. The integration of advanced materials and recycling technologies further reinforces their market positions while addressing regulatory and environmental challenges.

Major market players included in this report are:

Novolex
Berry Global Inc.
Mondi Group
Smurfit Kappa Group
Novamont S.p.A
Poly-America, L.P.
The Clorox Company
Inteplast Group
BASF SE
BioBag International AS
Ampac Holdings LLC
WestRock Company
UFlex Limited
Sealed Air Corporation
KP Films

The detailed segments and sub-segments of the market are explained below:

By Material:

Non-Biodegradable
Biodegradable

By Product:

Trash Bags
Rubble Sacks
Woven Sacks
T-Shirt Bags

By Application:

Retail & Consumer Applications
Institutional Services
Industrial Applications

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape, including country-level insights.
Competitive landscape analysis with information on major players.
Insights into key business strategies and recommendations for future market approaches.
Comprehensive demand-side and supply-side analysis of the market.

Chapter 1. Global Plastic Bags & Sacks Market Executive Summary

1.1. Global Plastic Bags & Sacks Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Product
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Plastic Bags & Sacks Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Plastic Bags & Sacks Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Cost-Effective Packaging Solutions
- 3.1.2. Technological Advancements in Biodegradable Plastic Manufacturing
- 3.1.3. Expansion of E-Commerce and Retail Sectors
3.2. Market Challenges
- 3.2.1. Environmental Activism Against Single-Use Plastics
- 3.2.2. Strict Regulatory Frameworks on Plastic Usage
3.3. Market Opportunities
- 3.3.1. Introduction of Sustainable and Biodegradable Alternatives
- 3.3.2. Expansion into Emerging Economies
- 3.3.3. Strategic Collaborations and Mergers

Chapter 4. Global Plastic Bags & Sacks Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Plastic Bags & Sacks Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Plastic Bags & Sacks Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Non-Biodegradable
- 5.2.2. Biodegradable

Chapter 6. Global Plastic Bags & Sacks Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Plastic Bags & Sacks Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Trash Bags
- 6.2.2. Rubble Sacks
- 6.2.3. Woven Sacks
- 6.2.4. T-Shirt Bags

Chapter 7. Global Plastic Bags & Sacks Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Plastic Bags & Sacks Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Retail & Consumer Applications
- 7.2.2. Institutional Services
- 7.2.3. Industrial Applications

Chapter 8. Global Plastic Bags & Sacks Market Size & Forecasts by Region 2022-2032

8.1. North America Plastic Bags & Sacks Market
- 8.1.1. U.S. Plastic Bags & Sacks Market
  - 8.1.1.1. Material Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Plastic Bags & Sacks Market
8.2. Europe Plastic Bags & Sacks Market
- 8.2.1. U.K. Plastic Bags & Sacks Market
- 8.2.2. Germany Plastic Bags & Sacks Market
- 8.2.3. France Plastic Bags & Sacks Market
- 8.2.4. Spain Plastic Bags & Sacks Market
- 8.2.5. Italy Plastic Bags & Sacks Market
- 8.2.6. Rest of Europe Plastic Bags & Sacks Market
8.3. Asia-Pacific Plastic Bags & Sacks Market
- 8.3.1. China Plastic Bags & Sacks Market
- 8.3.2. India Plastic Bags & Sacks Market
- 8.3.3. Japan Plastic Bags & Sacks Market
- 8.3.4. Australia Plastic Bags & Sacks Market
- 8.3.5. South Korea Plastic Bags & Sacks Market
- 8.3.6. Rest of Asia Pacific Plastic Bags & Sacks Market
8.4. Latin America Plastic Bags & Sacks Market
- 8.4.1. Brazil Plastic Bags & Sacks Market
- 8.4.2. Mexico Plastic Bags & Sacks Market
- 8.4.3. Rest of Latin America Plastic Bags & Sacks Market
8.5. Middle East & Africa Plastic Bags & Sacks Market
- 8.5.1. Saudi Arabia Plastic Bags & Sacks Market
- 8.5.2. South Africa Plastic Bags & Sacks Market
- 8.5.3. Rest of Middle East & Africa Plastic Bags & Sacks Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Novolex
- 9.1.2. Berry Global Inc.
- 9.1.3. Mondi Group
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Novolex
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Berry Global Inc.
- 9.3.3. Mondi Group
- 9.3.4. Smurfit Kappa Group
- 9.3.5. Novamont S.p.A
- 9.3.6. Poly-America, L.P.
- 9.3.7. The Clorox Company
- 9.3.8. Inteplast Group
- 9.3.9. BASF SE
- 9.3.10. BiBag International AS
- 9.3.11. Ampac Holdings LLC
- 9.3.12. WestRock Company
- 9.3.13. UFlex Limited
- 9.3.14. Sealed Air Corporation
- 9.3.15. KP Films

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes