Plastic Bags & Sacks Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

The global plastic bags & sacks market is expected to grow at a CAGR of 3.2% during the forecast period 2020 to 2027.

Plastic bags & sacks are containers made of thin, flexible, plastic film. The plastic bags & sacks can be made up from biodegradable or non-biodegradable materials. The plastic bags & sacks are commonly used in the retail stores or supermarkets for packaging of products. The plastic bags & sacks find its application in retail & consumer, institutional services and other industrial applications. The plastic bags & sacks are also used as garbage bags or trash bags.

The plastic bags & sacks are developed from two type of plastic materials, which are biodegradable and non-biodegradable. In 2019, more than 86% of plastic bags & sacks were manufactured from non-biodegradable materials such as HDPE, LDPE, LLDPE, PP, PS and other plastics. The non-biodegradable plastics are the highly preferred material for the production of plastic bags & sacks, due to cost effectiveness & abundant availability of the material. As compared to non-biodegradable plastics, biodegradable plastic consumes large amount of resources for processing, leading to higher cost of the material. Biodegradable plastic bags & sacks are eco-friendly and decomposable as compared to the oil-based plastics (non-biodegradable plastic).

Non-biodegradable plastic bags & sacks are expected to be highly attractive in terms of incremental opportunity and market share by the end of 2027. For manufacturing of non-biodegradable plastic bags & sacks, polyethylene material is most preferred. In 2019, more than half of plastic bags & sacks were made up of LDPE and HDPE plastics. Polypropylene plastic bags & sacks segment is expected to register a CAGR of 4% during the forecast period.

The global market for plastic bags & sacks is segmented by material type, product type and application.

In the global plastic bags & sacks market, retail and consumer application segment of plastic bags & sacks is estimated to be highly attractive in terms of CAGR, market share and incremental opportunity. Europe and Asia Pacific plastic bags & sacks geographic markets together are estimated to account for more than half of market share throughout the forecast period. In the global plastic bags & sacks market by product type, rubble segment is expected to grow at a higher pace as compared to other segments during the forecast period.

This report assesses trends driving the growth of each segment of plastic bags & sacks market on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the plastic bags & sacks market.

The North America plastic bags & sacks market includes country level analysis for the U.S. and Canada. The U.S. plastic bags & sacks market is expected to expand at a CAGR of 2.2% during the forecast period. Retail & consumer segment is estimated to account for the largest market share by application type in the region. The Latin America plastic bags & sacks market include country-level analysis for Brazil, Mexico, Argentina and rest of Latin America. The Brazil plastic bags & sacks market is anticipated to expand at the highest pace during the forecast period in the Latin America region. The Europe plastic bags & sacks market include country-level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic, Russia, Poland and Rest of Europe. Germany accounts for the highest market share in the Europe plastic bags & sacks market. The Asia Pacific (APAC) plastic bags & sacks market includes country-level analysis for China, India, ASEAN, Japan, Australia & New Zealand and Rest of APAC. The Asia Pacific plastic bags & sacks market represent most lucrative geographic region wherein China represent substantial incremental opportunity during the forecast period. The Asia Pacific plastic bags & sacks market is expected to expand at the highest pace during the forecast period among all the geographic segments. The Middle East and Africa (MEA) plastic bags & sacks market includes country-level analysis for GCC, South Africa, North Africa and Rest of MEA. GCC countries accounts for the highest market share in the Middle East & Africa plastic bags & sacks market.

In this report, we have discussed individual strategies followed by manufacturer of plastic bags & sacks in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide plastic bags & sacks report audiences with a dashboard view and company share collectively.

Drivers and Restraints

In the present market scenario, the end-use plastic bags & sacks is not limited to the packaging of goods, but also for promoting the brand. Most of the leading supermarkets use plastic bags & sacks for promoting their brand. The use of plastic bags & sacks has increased among the retailers due high printability of plastic bags & sacks for providing detailed information about the product. As printed plastic bags & sacks are an effective marketing tool to promote brands, not only for the retailers, but also for the manufacturers of apparels, food & beverage, and other consumer products, have reflected an increased interest towards printed plastic bags & sacks. The plastic bags & sacks manufacturers offer customized printing options as per the demand of the consumer. The macroeconomic factors such as growth in disposable income and purchasing power of consumers are leading to an increased demand for plastic bags & sacks. The extra charges levied by the various government on the use of plastic bags & sacks acts as a restraint for the plastic bags & sacks market. In 2008, China imposed a ban on all thin plastic bags & sacks retailers and charged a tax on thicker bags. This led to a two-thirds reduction in the use of plastic bags & sacks. In 2015, Hong Kong imposed a levy that requires all retailers, from street hawkers to electronic appliance stores, to charge customers minimum 0.5 Hong Kong Dollar (US$ 0.064) for a plastic bag. 

Competitive Landscape

Key players operating in the global plastic bags & sacks market are Berry Plastics Inc, Novolex Holdings, Inc. Mondi Group, Ampac Holdings, LLC, International Plastics Inc., BioBag International AS, PLAST-UP, Polykar Industries Inc, SPhere Group (Europe), Inteplast Group, Bischof & Klein GmbH & Co. KG, Hanoi Plastic Bag JSC, Symphony Polymers Pvt Ltd, Extrapack Ltd., Allstate Plastics LLC, BioBag Americas, Inc., MIRPACK, TM, Alpha Poly, Schur Flexibles Group, Starlinger & Co Gesellschaft M.B.H, Da Nang Plastic Joint Stock Company, Arihant Packaging, and Goglio Group.

Market Segmentation

By Material Type
Bio Degradable
Non Bio-Degradable

By Product Type
T Shirt Bags
Gusseted Bags
Lay Flat Bags
Trash Bags
Rubble Sacks
Woven Sacks
Others

By Application
Retail & Consumer Applications
Institutional Services
Industrial Applications

Report Scope

The Plastic bags & sacks market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Plastic bags & sacks market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Plastic bags & sacks market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plastic bags & sacks market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Plastic bags & sacks market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Plastic bags & sacks capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Plastic bags & sacks by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Plastic bags & sacks market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Plastic bags & sacks market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Plastic bags & sacks market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.

Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.

We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.

Overall, this is an in-depth research report specifically for the Plastic bags & sacks industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Plastic bags & sacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Plastic bags & sacks market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Plastic bags & sacks market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Plastic bags & sacks market. These factors have benefited the growth of the global market for Plastic bags & sacks. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Plastic bags & sacks. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Plastic bags & sacks are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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