Global Plastic Packing Bag Market Size, Share & Trends Analysis Report, By Type (Rigid Packaging and Flexible Packaging), By End-User (Food and Beverage, Industrial, Medical, and Others), Forecast (2022-2028)

The global plastic packing bag market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). A plastic packing bag is an unwoven single piece poly fabricated receptacle for storing, carrying, and packaging of a wide variety of items. A commonly used polymer for the fabrication of plastic bags is polyethylene, which is a long chain of ethylene monomers, the primary ingredient for a polymerization reaction. The market growth is majorly attributable to the growing usage of plastic in the packaging industry for different purposes, such as packaging and carrying fresh produce, apparel, packed food products, and stationery, among others. According to PlasticEurope, PP, PE-LD/PE-LLD, and PS+EPS variety of plastics are most commonly used for food packaging in Europe. PET plastic is used for beverage packaging, and PE-HD/PE-MD plastic is used for cosmetics packaging. This further results in the increased use of plastic packing bags for custom uses, thereby driving its market growth.

Although rising environmental concerns owing to the extensive usage of non-biodegradable plastic bags have pushed the marketers for adopting the degradable forms of plastic packing bags. As of 2018, over 123 countries regulated the usage of plastic bags, of which over 13 countries, including Canada, France, Bangladesh, and, others have imposed a ban on single-use plastic. Thus, the budding concept of manufacturing and usage of recyclable and bio-degradable plastics has propelled the market for recycled plastic packing bag, thereby providing ample of growth opportunities to the market in the near future.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Type
• By End-User

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Amcor plc, Sealed Air Corp., and Huhtamaki Oyj, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Plastic Packaging Bag Market Report by Segment

By Type

• Rigid Packaging
• Flexible Packaging

By End-User

• Food and Beverage
• Industrial
• Medical
• Others

Global Plastic Packaging Bag Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

 

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

 

Rest of the World

• Latin America
• Middle East and Africa