Plastic Bags and Sacks Market Revenue to outshine USD 27.21 billion By 2027

Posted On July 13, 2021     

The Global Plastic Bags and Sacks Market revenue is anticipated to grow to around USD 27.21 billion by 2027 with a CAGR of 4.5% during the year 2021-2027 as per the report published by Value Market Research. The global plastic bags and sacks market is promising as well as challenging. The plastic bags and sacks market is expected to witness steady growth based on the increasing demand for such bags and sacks from various end-user industries. The growing need to reduce overall packaging weight and the increasing use of these bags and sacs as a cost-effective marketing tool to promote the products. At present, plastic bags and sacks are increasingly being adopted by food & beverage, consumer goods, construction, chemical and fertilizer, and horticulture industry owing to their properties. This factor is driving the plastic bags and sacks market to a great extent. Since plastic bags and sacks are comparatively lightweight, there is greater demand for such products, as it reduces the product's overall weight, making it easier to transport. In recent years, plastic bags and sacks are used for packaging of products, but brands are widely using it for printing their brand names and creating awareness about the products, thereby boosting its demand. Furthermore, the increase in disposable income and the increase in consumer spending capacity is expected to significantly drive plastic bags and sacks market. However, growing environmental concerns related to the use of plastic bags and sacks, availability of eco-friendly alternatives like paper bags and banning of single-use plastic may pose as challenges for plastic bags and sacks market growth.

Plastic bags and sacks, also known as carry bags or polybags, are made from thin plastic films. It is mainly used to contain, store, pack, and carry various kinds of goods such as groceries, fresh produce, packed food items, stationary, apparel, and many more. This form of packaging offers flexibility and resistance to moisture, infestation, corrosion, and decay. Both biodegradable and non-biodegradable plastic materials like LDPE, LLDPE, HDPE, PP, and PS are used for manufacturing plastic bags and sacks. Since non-biodegradable plastics are readily available and cost-effective, these are highly preferred. Whereas biodegradable plastics are ecofriendly and decomposable, their processing requires considerable resources, resulting in higher costs.

The elaborate study "Global Plastic Bags and Sacks Market Report By Materials (Biodegradable Plastic (PLA, PHA, PBS, Starch Blend, Others), Non-Biodegradable Plastic (HDPE, LDPE, LLDPE, PP, PS, Other Plastics), By Product (T Shirt Bags, Gusseted Bags, Lay Flat Bags, Trash Bags, Rubble Sacks, Woven Sacks, Other Bags), By Application, (Retail & Consumer, Grocery Products, Food & Beverages, Clothing & Apparels, Other Consumer Goods (Institutional Services, Hospitality, Healthcare), Other Applications (Industrial Applications) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.

On the basis of materials the market is segmented into Biodegradable Plastic (PLA, PHA, PBS, Starch Blend, Others), Non-Biodegradable Plastic (HDPE, LDPE, LLDPE, PP, PS, Other Plastics). By product the plastic bags and sacks market is categorised as T Shirt Bags, Gusseted Bags, Lay Flat Bags, Trash Bags, Rubble Sacks, Woven Sacks, Other Bags. By application the plastic bags and sacks market is categorised as Retail & Consumer, Grocery Products, Food & Beverages, Clothing & Apparels, Other Consumer Goods (Institutional Services, Hospitality, Healthcare), Other Applications (Industrial Applications). The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.

The Report Segments Global Plastic Bags and Sacks Market -
By Materials

  • Biodegradable Plastic
    • PLA
    • PHA
    • PBS
    • Starch Blend
    • Others
  • Non-Biodegradable Plastic
    • HDPE
    • LDPE
    • LLDPE
    • PP
    • PS
    • Other Plastics
 
By Product
  • T Shirt Bags
  • Gusseted Bags
  • Lay Flat Bags
  • Trash Bags
  • Rubble Sacks
  • Woven Sacks
  • Other Bags
 
By Application
  • Retail & Consumer
  • Grocery Products
  • Food & Beverages
  • Clothing & Apparels
  • Other Consumer Goods
    • Institutional Services
    • Hospitality
    • Healthcare
  • Other Applications
    • Industrial Applications

 
By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 
Players Profiled In the Report:
Ampac Holdings, Berry Plastics Inc, Mondi Group, LLC, Novolex Holdings, Inc., International Plastics Inc., PLAST-UP, BioBag International AS,  Polykar Industries Inc, SPhere Group, Inteplast Group, Hanoi Plastic Bag JSC, Bischof & Klein GmbH & Co. KG, Symphony Polymers Pvt Ltd, Extra pack Ltd., BioBag Americas, Inc., MIRPACK, TM, ., Allstate Plastics LLC, Alpha Poly, Schur Flexibles Group, Da Nang Plastic Joint Stock Company, Starlinger & Co Gesellschaft M.B.H, and Goglio Group and Arihant Packaging.

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