Plastic Bags and Sacks Market Growth To Reach Highest Peak With USD 18.5 Bn Earnings By 2028

According to study of Zion Market Research, Plastic Bags and Sacks industry accrued earnings approximately about US$ 8.4 billion in 2021 and is anticipated to gain returns of approximately US$ 18.5 billion by 2028, is slated to record highest gains of nearly 12.1% in timescale from 2022 to 2028. In addition to this, expansion of plastic bags and sacks market in ensuing years is subject to rise in product demand across consumer goods, groceries, clothing & fabrics, and food & beverages. In addition to this, humungous need of convenient packaging is projected to translate into massive growth of plastic bags and sacks industry. Apart from this, need for effectively packaging fresh food items, stationary, and apparel will open new vistas of growth for plastic bags and sacks industry. Furthermore, large-scale requirement for reducing packaging weight will create new growth avenues for plastic bags and sacks industry. Need for cost-effective and affordable packaging will prop up market trends. Humungous necessity of moisture resistance, flexibility, user-friendly products, and wear & tear resistance will increase popularity of product in foreseeable future.

Bio-degradable Plastic Bags and Sacks Market to Expand Notably Over Forecast Period

Growth of the bio-degradable plastic bags and sacks industry over next six years can be credited to rise in use of biodegradable material in production of plastic bags and sacks owing to growing awareness about green environment. In addition to this, strict laws pertaining to use of plastics hazardous to environment as well as to human & animals has prompted need for producing biodegradable plastic bags and sacks, thereby driving bio-degradable plastic bags and sacks market trends.

Retail and Consumer Segment To Account Humungously Towards Overall Market Size By 2028

Segmental expansion over forecasting years can be credited to rise in offering of goods to consumers in plastic bags and sacks with a purpose of promoting company brands. Apart from this, massive sale of grocery products, food & beverages, and clothing & apparel in retail shops and supermarkets will drive segmental surge.

Europe To Account Highest Share Towards Global Market By 2028

Rapid progression of plastic bags and sacks market in Europe in ensuing years can be attributed to rise in introduction of bio-degradable plastic packaging in European countries. Large-scale presence of manufacturers producing bio-degradable plastic bags & sacks will create new growth dimensions for plastic bags and sacks industry in European continent.

Some of the giant players have strongly impacted growth of plastic bags and sacks market and will continue to do so even in ensuing years. They are AEP Industries Inc., Arihant Packaging,Interplast Group Corporation, LLC, Berry Global, Inc., Novolex, Ampac Holdings, AlphaPoly Packaging, Bischof + Klein SE & Co.KG, Mondi plc, and Starlinger Group. Other major industry participants strongly influencing global plastic bags and sacks market are Schur Flexibles Holding GesmbH, Hanoi Plastic Bag JSC, Danang Plastic Joint Stock Company, Gesellschaft GmbH, and Goglio S.p.A.

Browse the full “Plastic Bags And Sacks Market - By Material (Biodegradable And Non-Biodegradable), By Product (Gusseted Bags, T-Shirt Bags, Lay Flat Bags, Rubble Sacks, Trash Bags, Woven Sacks, And Others.), By End User (Institutional, Retail And Consumer, And Industrial), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/plastic-bags-and-sacks-market

The global Plastic Bags And Sacks Market is segmented as follows:

By Material

• Biodegradable
• Non-Biodegradable

By Product

• Gusseted Bags
• T-Shirt Bags
• Lay Flat Bags
• Rubble Sacks
• Trash Bags
• Woven Sacks
• Others

 By End User

• Institutional
• Retail & Consumer
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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