The global demand for Eco-friendly Plastic Bags Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Kilo Tons in 2020 and forecast to touch XX Kilo Tons by 2027 with a CAGR of XX% during 2021-2027.
Eco-friendly plastic bags are compostable bags made from non-petroleum sources such as corn starch, vegetable fats, oils, straw, woodchips, sawdust, recycled food waste, etc. These bags degrade within 60 to 180 days conforming to standards. They are free from polymer and leave no toxic residue behind, making them a perfect alternative to conventional plastic bags. Eco-friendly plastic bags have a unique advantage over traditional plastics bags. They reduce the dependency on limited fossil resources, reduce greenhouse gas emissions, deduct waste burden, and help increase plastic pollution.
Plastic bags are an integral part of modern life. They play an essential role in protecting and carrying products and goods. However, polymer bags have caused increased waste, pollution, and import debt because of their slow degradation in the soil and high crude oil price. This has caused an increased shift towards eco-friendly plastic bags. The global eco-friendly plastic bags market is a promising market with many potential prospects. Growing sustainability initiatives by government and companies worldwide due to resource depletion and environmental impact drives the global eco-friendly plastic bags market. However, limited raw material availability and high production costs are posing a barrier to its healthy growth. Key players are working on reducing production costs and exploring new plant-based or non-petroleum sources.
The 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 eco-friendly plastic bags. The growth and trends of Eco-friendly Plastic Bags Industry provide a holistic approach to this study.
This section of the eco-friendly plastic bags market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Polylactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Starch Blends
- Food Packaging & Industrial Packaging
- Convenient for Shopping
- Garbage Containing
This section covers the regional outlook, which accentuates current and future demand for the Eco-friendly Plastic Bags 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.
Global Eco-friendly Plastic Bags Market Share by Region (Representative Graph)
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 eco-friendly plastic bags market include BioBag, Novolex, EnviGreen, BASF, Plastiroll, Sahachit, Xtex Polythene, RKW Group, Abbey Polythene, Sarah Bio Plast, Bulldog Bag, and Symphony Polymers. 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.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.