Plastic Bags And Sacks Market Size, Share Report, Analysis, Trends, Growth 2030

The global Plastic Bags And Sacks Market accrued earnings worth approximately 8.4 (USD Billion) in 2021 and is predicted to gain revenue of about 18.5 (USD Billion) by 2028, is set to record a CAGR of nearly 12.1% over the period from 2022 to 2028. The study provides assessment and analysis of the Plastic Bags And Sacks Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

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Impact Analysis of COVID-19 on Plastic Bags and Sacks Business

Lockdowns and restricting of mobility had major impact on production of plastic bags and sacks, thereby adversely impacting growth of plastic bags and sacks industry. Apart from this, slow ecommerce activities during pandemic resulted into reduced supply of products resulting into low sales. This had a retrograde effect on size expansion of plastic bags and sacks market.

Plastic Bags and Sacks Market: Synopsis

Plastic bags & sacks are also referred to as polybags and are completely made up from thin plastic films. These products are extensively utilized for packing food items, fresh produce, stationery, and apparel. Moreover plastic bags & sacks are transparent, flexible, and possess wear & tear resisting feature. In addition to this, these products also have outstanding moisture barrier features. Reportedly, food & beverages, retail & consumers, and institutional services are few of the key applications of plastic bags & sacks.

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Plastic Bags and Sacks Market: Growth Dynamics

Rise in demand for plastic bags & sacks from food & beverages, groceries, clothing & apparel, and consumer products will drive market trends. With supermarkets & retail stores majorly printing their brand names on plastic bags & sacks as a part of promotional activity, it is likely that plastic bags and sacks market is set to witness vivified growth within next few years. Moreover, plastic bags & sacs has proved to be a low cost promotional tool for marketing activities and this have paved a way for humongous demand for product in recent years.

Furthermore, humungous need for convenience packaging has facilitated growth of plastic bags and sacks industry. Launching of eco-friendly plastic bags & sacks by reputed firms will prop up market growth in upcoming years. For instance, in June 2019, LyondellBassell industries N.V., a Holland-based Chemical Company, entered into long term commercial agreement with Neste Oyj– an Oil refining & marketing firm based in Finland- for producing plastics from renewable sources such as bio-based polypropylene and bio-based polyethylene.

Report Scope:

Plastic Bags and Sacks Market: Hindrances

Escalating environmental concerns due to massive use of non-biodegradable material in production of plastic bags & sacks will obstruct growth of bags and sacks market. Apparently, with view of rise in ban on use of plastics in various countries, firms in bag manufacturing business as well as packaging business are substituting plastic bags with paper bags and this has created hurdles in expansion of size of plastic bags and sacks market.

Plastic Bags and Sacks Market: Regional Insights

Asia Pacific Plastic Bags and Sacks Market To Register Highest Growth Over 2022-2028

Expansion of plastic bags and sacks market in Asia Pacific over forecasting years can be credited to increase in sale of product in retail stores as well as in hypermarkets. Moreover, rising inclination towards low-cost packaging items will outline & trace an effective growth map for plastic bags and sacks industry in Asia Pacific zone. Huge demand for consumer products, apparels, and electronic goods has culminated into massive need for plastic bags & sacks packaging in these sectors, thereby increasing scope of plastic bags & sacks production activities in Asia Pacific.  This, in turn, will result into marked increase in product sales leading to huge revenue gains for plastic bags and sacks market in APAC zone.

Plastic Bags and Sacks Market: Competitive  Insights

Key players influencing elevation of plastic bags and sacks market in terms of both value & volume are profiled in our report. They are AEP Industries Inc., Berry Global, Inc., Novolex, AlphaPoly Packaging, Bischof + Klein SE & Co.KG, Mondi plc, Interplast Group Corporation, Ampac Holdings, LLC, and Starlinger Group. Other major industry participants strongly influencing global plastic bags and sacks market are Schur Flexibles Holding GesmbH, Gesellschaft GmbH, Arihant Packaging, Hanoi Plastic Bag JSC, Danang Plastic Joint Stock Company, and Goglio S.p.A.

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