Plastic Bags and Sacks Market Likely to Boost Future Growth by 2028 | ABB, Siemens AG, Lutron electronics

 

The global plastic bags and sacks market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028). Plastic bags and sacks are the unwoven single piece poly fabricated holders that are used for various purposes such as carrying, storing, or packaging the items. Among these, polythene is one of the most widely used material that is used all over the globe. The market growth is majorly attributable to the growing application of plastic bags in the packaging industry for different purposes such as, to package and carry 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.

Market Segmentation:

By Material

• Biodegradable
• Non-Biodegradable

By End-User

• Retail and Consumer
• Industrial
• Institutional
• Others

Competitive Landscape:  Berry Global, Inc., Mondi plc, and Novolex Holdings, Inc., among others.

Geographic Coverage

o North America Market Size and/or Volume

o Latin America Market Size and/or Volume

o Europe Market Size and/or Volume

o Asia-Pacific Market Size and/or Volume

o Rest of the world Market Size and/or Volume

Key Benefits of Buying the Global Plastic Bags and Sacks Report:

• Comprehensive analysis of the changing competitive landscape
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies
• The report offers an 8-year forecast and assessment of the Global Plastic Bags and Sacks Market
• Helps in understanding the key product segments and their estimated growth rate
• In-depth analysis of market drivers, restraints, trends, and opportunities
• Comprehensive regional analysis of the Global Plastic Bags and Sacks Market
• Extensive profiling of the key stakeholders of the business sphere
• Detailed analysis of the factors influencing the growth of the Global Plastic Bags and Sacks Market