The global plastic bags & sacks market has been experiencing a steady growth rate in recent years. Increasing demand from various end-use sectors, including grocery, food & beverage, consumer goods, and clothing & apparel, is a key factor generating demand for plastic bags & sacks. In addition, retail stores and brands majorly print their brand name along with promotional and marketing messages on the plastic bags & sacks. Increasing the use of plastic bags & sacks as a low-cost marketing tool is anticipated to fuel the demand for the plastic bags & sacks market in the coming years.
A plastic bag, also known as polybag, is usually made up of thin plastic film or from plastic textiles. It is widely used to package and carry fresh produce, packed food products, apparel, stationary, and among others. It offers considerable flexibility, transparency, tear-resistance, and it also offers excellent moisture barrier properties. Besides, the growing demand for convenient packaging is steadily fueling the demand for plastic bag & sacks market.
However, rising environmental concerns owing to the extensive usage of non-biodegradable plastic bags & sacks are expected to limit market growth in the coming years. As of 2018, over 123 countries are regulating the usage of plastic bags, of which over 13 countries, including Canada, France, Bangladesh, and, others have imposed a ban on single-use plastic. Furthermore, an increasing number of countries are imposing additional taxation and levying heavy fines on the use of single-use plastic bags.
In light of growing bans on plastic bags, a large number of retailers across the countries are substituting plastic bags with paper bags or with other sustainable packaging solutions. Sustainability awareness among consumers is significantly rising, which is also forcing manufacturers and retailers to opt for eco-friendly packaging solutions. Therefore, growing regulation from the regulatory bodies coupled with rising sustainable awareness among the consumers is expected to hamper the growth of global plastic bags & sack market.
The global plastics bags & sacks market is segmented on the basis of material, product type application, and region. The material segment is further divided into biodegradable and non-biodegradable plastic. Biodegradable plastic includes PLA, PHA, PBS, starch blend, and others. Increasing the development of biopolymers coupled with rising demand for environment-friendly packaging is expected to fuel demand for the biodegradable material segment in the global market.
Non-biodegradable plastic material includes HDPE, LDPE, LLDPE, PS, and others. These are available widely at a lower cost and offer superior properties as compared to biodegradable properties. However, plastic bags made up of the aforementioned material accounts longer duration for complete degradation; this factor is primarily limiting the growth of the non-biodegradable material segment.
On the basis of product type, the plastic bags & sacks market is bifurcated into T-shirt bags, trash bags, rubble sacks, woven sacks, and others. T-shirt bags held the largest share in the market in 2018. T-shirt bags are suitable for the packaging of small-medium sized goods and are convenient to carry for consumers; these factors attributed to the segments' highest share in 2018.
Furthermore, on the basis of end-use, the global plastic bag & sack market is classified into retail and consumer, industrial, institutional, and others. Retail and consumer segment held the largest share in 2018 as plastic bags offer convenience for the retailer in distribution and also to the consumers in carrying and handling. Retail & consumer end-use segment comprises of grocery products, clothing & apparel, food & beverage, and others. The institutional sector includes hospitality, hospital & healthcare facility, and others.
Regional scope includes North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. In 2018, Asia Pacific held the largest share in the global market, mainly due to increased retail activities from the past several years and a higher preference for low-cost packaging. Furthermore, rising disposable income in the region has resulted in increased demand for apparel, electronics, and other consumer goods, which, in turn, expected to fuel the demand for plastic bags & sacks in the region over the forecast period.
Europe held the largest share in the biodegradable plastic bags & sacks market in 2018, and the region is also expected to register the highest CAGR in the coming years. Increasing stringent regulation over the use of non-biodegradable packaging coupled with the rising introduction of biodegradable plastic packaging is the key factor augmenting growth in the region.
The Middle East & Africa has been witnessing a steady demand for the plastic bags & sacks on account of rising penetration of retail network coupled with the steady expansion of the hospitality industry. However, a large number of African countries, including Kenya, Rwanda, Tanzania, and, others are restricting the use of plastic bags, which, in turn, expected to pose a considerable challenge for the expansion of the market in the Middle East & Africa in the near future.
The key players operating in the global plastic sacks & bags market are Berry Plastics Inc, Novolex Holdings, Inc., Mondi Group, Ampac Holdings, LLC, International Plastics Inc., Inc., and others. The global plastic bags & sacks market is characterized by the presence of a large number of global as well as domestic players. All the key players are engaged in the development of biodegradable plastic bags and sacks in order to maintain sustainability in packaging.
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The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.