PUBLISHER: Value Market Research | PRODUCT CODE: 1547611
PUBLISHER: Value Market Research | PRODUCT CODE: 1547611
The global demand for Plastic Bags and Sacks Market is presumed to reach the market size of nearly USD 49.45 Billion by 2032 from USD 29.22 Billion in 2023 with a CAGR of 6.02% under the study period 2024-2032.
Plastic bags and sacks are flexible containers crafted from plastic materials such as polypropylene or polyethylene. They are widely used for packaging and transporting various goods, including groceries, clothing, and industrial materials. It offers lightweight, durable, and cost-effective packaging solutions but has raised concerns due to their environmental impact, particularly concerning litter, pollution, and wildlife harm. Efforts to reduce plastic bag usage include recycling initiatives, bans, and the promotion of reusable alternatives.
The factors driving the plastic bags and sacks market include the spurring demand for convenient & cost-effective packaging solutions across various industries, including retail, food and beverage, and agriculture. Plastic bags and sacks offer lightweight, durable, and versatile packaging options for transporting and storing a wide range of goods, from groceries and clothing to agricultural produce and industrial materials. With the spurring trend towards online shopping and the rise of convenience-driven consumer lifestyles, there is a steady demand for plastic bags and sacks for packaging and shipping goods. Additionally, the widespread use of these bags and sacks in the food and beverage industry for packaging fresh produce, snacks, and beverages contributes to market growth. Moreover, advancements in plastic bag manufacturing technologies, such as improved film formulations and printing capabilities, enhance product quality and branding opportunities, driving market expansion. Furthermore, favorable properties of these bags and sacks, such as moisture resistance, sealability, and cost-effectiveness, make them preferred packaging solutions for a wide range of applications. However, increasing environmental concerns and regulatory restrictions on single-use plastics may hinder market growth in the next few years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Plastic Bags and Sacks. The growth and trends of Plastic Bags and Sacks industry provide a holistic approach to this study.
This section of the Plastic Bags and Sacks market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Plastic Bags and Sacks market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Plastic Bags and Sacks market include Berry Global Inc., Mondi, Amcor Plc, Inteplast Group, Smurfit Kappa, Novolex, Bischof+Klein SE & Co. KG, Alfa Poly Plast, Goglio SpA, Arihant Packaging, ProAmpac, Schur, Starlinger & Co Gesellschaft M.B.H., Packman Packaging Private Limited, Knack Packaging Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.