Plastic Bag and Sack Market Emerging Factors, Future Demands, and Top Players, 2022
The factors that propel the growth of the market include changes in consumer lifestyle, rising consumer goods and retail sector, the rapid pace of industrialization, and cost-effective plastic bags and sacks in a large number of retail outlets.
(firmenpresse) - Global Plastic Bag and Sack Market is anticipated to witness exponential growth in the forecast period. Plastic bags and sacks are flexible, bulky, and standardized ones used for manufacturing dry, granulated materials. They are used for storing, protecting, transporting, and handling goods in huge amounts from industrial centers to distribution centers, where they are packaged for customers. Furthermore, plastic sacks are made up of different plastics having different weights and strength parameters.
The factors that propel the growth of the market include changes in consumer lifestyle, rising consumer goods and retail sector, the rapid pace of industrialization, and cost-effective plastic bags and sacks in a large number of retail outlets. On the other hand, there are factors that may hamper the growth of the market including stringent competition from the availability of compostable trash bags and strict rules and regulations from the government. Plastic Bag and Sack market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Bags and sacks offer profits that are desirable for consumers and the lightweight packaging industry: good printability, appealing looks, material saving, and increasingly often reusability. Their usability for food remains to surge. The market may be explored by material type, product type, end users and geography. The market may be explored by material type as non-biodegradable (HDPE, LDPE, LLDPE, PP, PS, and others), and biodegradable (PLA, PHA, PBS, starch blends and other plastics). The “Non-Biodegradable” segment led the plastic bag and sack market in 2017 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market includes eco-friendly and high demand.
Based on product type, the market could span lay flat bags, gusseted bags, trash bags, t-shirt bags, woven sacks, and rubble sacks. The market could be explored based on end users as retail & consumer, industrial and institutional.
Asia-Pacific accounted for the major share of the market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include improvement in manufacturing technologies, rising government investment in various industries, and growing urbanization and middle-class income. Asia-Pacific is followed by the North American region.
Some of the key players that fuel the growth of the plastic bag and sack market comprise Unistar Plastics, Superbag, Advance Polybag, Cardia Bioplastics, New Quantum, No Volex, T.S.T Plaspack, Olympic Plastic Bags, Xtex Polythene, Sahachit Watana, Biobag, Papier-Mettler, Shenzhen Zheng Wang, Thantawan, plastic, Rongcheng Libai, Dongguan Xinhai, Shenzhen Sanfeng, Jiangsu Tories, Shandong Huanghai, Rizhao Huanuo, Leyi, Weifang Baolong, Huili, Tianjin Huijin and Weifang Longpu. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Datum: 10.04.2020 - 09:50 Uhr
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