Plastic Bags & Sacks Market by Type, Application

List of Tables

The Plastic Bags & Sacks Market was valued at USD 21.93 billion in 2023, expected to reach USD 22.87 billion in 2024, and is projected to grow at a CAGR of 4.10%, to USD 29.06 billion by 2030.

The global market for plastic bags and sacks encompasses a wide range of products, including biodegradable, recyclable, and reusable varieties, meant for carrying goods across industries such as retail, food & beverage, and healthcare. These items are essential for their durability, cost-effectiveness, and utility in everyday life and industrial applications. The increasing demand for flexible packaging and the fast-paced lifestyle of consumers are propelling growth in this segment. However, stringent environmental regulations and growing consumer awareness regarding plastic waste are pushing the market towards sustainable and eco-friendly alternatives. Technological advancements in materials such as bioplastics offer significant opportunities for market players to innovate. Companies investing in research and development to create cost-effective, compostable bags and focusing on recycling technologies stand to benefit from emerging opportunities. The emphasis on innovation, such as integrating recycled content and enhancing the mechanical properties of biodegradable plastics, is crucial for sustained growth. One limitation is the fluctuating raw material costs, especially petroleum-based products, which directly impact plastic pricing and production economics. Moreover, public policy and environmental mandates necessitate complex regulatory compliance, posing challenges to market expansion. Asia-Pacific remains a critical growth region due to urbanization and rising disposable incomes, offering substantial market prospects, while North America and Europe are increasingly focused on sustainability and regulatory compliance. Key market players need to adapt to these geographic dynamics by aligning their offerings with regional environmental policies. For businesses, fostering partnerships with governments and NGOs to promote eco-friendly initiatives can create competitive advantages. The market is characterized by moderate competition with few dominant players, creating room for small to medium enterprises to innovate in niche segments such as biodegradable polymers and recycled plastic technologies. Incorporating artificial intelligence and automation in manufacturing can reduce costs and improve efficiency, offering fertile ground for growth and market penetration.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.93 billion
Estimated Year [2024]	USD 22.87 billion
Forecast Year [2030]	USD 29.06 billion
CAGR (%)	4.10%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Plastic Bags & Sacks Market

The Plastic Bags & Sacks Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing demand for plastic bags & sacks with the emergence of e-commerce
- Rising adoption of plastics bags in the healthcare and pharmaceuticals industry
- Growing utilization of plastic bags in the food industry globally
Market Restraints
- Issues with recycling of plastic bags
Market Opportunities
- Ongoing innovation for creating bags with enhanced functionality
- Growing demand for customizable plastic bags and sacks
Market Challenges
- Regulations and bans on single-use plastic bags by various countries

Porter's Five Forces: A Strategic Tool for Navigating the Plastic Bags & Sacks Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Plastic Bags & Sacks Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Plastic Bags & Sacks Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Plastic Bags & Sacks Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Plastic Bags & Sacks Market

A detailed market share analysis in the Plastic Bags & Sacks Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Plastic Bags & Sacks Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Plastic Bags & Sacks Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Plastic Bags & Sacks Market

A strategic analysis of the Plastic Bags & Sacks Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

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.

Market Segmentation & Coverage

This research report categorizes the Plastic Bags & Sacks Market to forecast the revenues and analyze trends in each of the 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.
Based on Application, market is studied across Consumer and Retail and Industrial.
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 report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-521BAA36E9FE

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for plastic bags & sacks with the emergence of e-commerce
  - 5.1.1.2. Rising adoption of plastics bags in the healthcare and pharmaceuticals industry
  - 5.1.1.3. Growing utilization of plastic bags in the food industry globally
- 5.1.2. Restraints
  - 5.1.2.1. Issues with recycling of plastic bags
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovation for creating bags with enhanced functionality
  - 5.1.3.2. Growing demand for customizable plastic bags and sacks
- 5.1.4. Challenges
  - 5.1.4.1. Regulations and bans on single-use plastic bags by various countries
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Plastic Bags & Sacks Market, by Type

6.1. Introduction
6.2. Biodegradable
- 6.2.1. PBS
- 6.2.2. PHS
- 6.2.3. PLA
- 6.2.4. Starch Blends
6.3. Non-biodegradable
- 6.3.1. HDPE
- 6.3.2. LDPE
- 6.3.3. LLDPE
- 6.3.4. PP
- 6.3.5. PS

7. Plastic Bags & Sacks Market, by Application

7.1. Introduction
7.2. Consumer and Retail
7.3. Industrial

8. Americas Plastic Bags & Sacks Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Plastic Bags & Sacks Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Plastic Bags & Sacks Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. AEP Group
2. Alpha Poly Corporatio
3. Amcor, Inc.
4. AmeriGlobe LLC
5. Arihant Packaging India Private Limited
6. Berry Global Inc.
7. Bischof+Klein SE & Co. KG
8. Dana Poly, Inc.
9. DuPont de Nemours, Inc.
10. Gigantic Bag
11. Goglio S.p.A.
12. Greif, Inc.
13. Hanoi Plastic Bag Manufacturing JSC
14. Inteplast Group, Ltd.
15. International Plastics, LLC
16. New York Packaging / Redi-Bag USA
17. Novolex Holdings LLC
18. Ovasco Industries
19. P&C Da Nang
20. ProAmpac Intermediate, Inc.
21. Rutan Poly Industries, Inc.
22. Sigma Plastics Group
23. Sonoco Products Company
24. Stephen Gould Corporation