Global Plastic Bags and Sacks Market By Type (Gusseted Bags, T-Shirt Bags, Lay Flat Bags, Rubble Sacks, Trash Bags, Woven Sacks, Others), By Material (Biodegradable v/s Non-Biodegradable), By Application (Retail & Consumer Applications, Institutional Services, Institutional Services, Others), By Company, By Region, Forecast & Opportunities, 2028

Global plastic bags and sacks market is expected to grow at a steady rate during the forecast period. The global plastic bags and sacks market is driven by the increasing demand of these bags and sacks across various end user industries such as food & beverage, consumer goods, automotive, electronics, construction, among others. Additionally, the growing need to reduce weight of packaging is further expected to propel the market over the next few years. Furthermore, properties such as flexibility, tear resistance, moisture protection, among others offered by these plastic bags and sacks further drive the market growth during the forecast period. Also, these are quite affordable and are used as low-cost marketing tool thereby fueling the market growth. However, increasing environmental concerns have led to a ban on the use of plastics in many countries thereby negatively impacting the growth. Besides, the sudden outbreak of pandemic novel coronavirus disease has affected the demand, production and processing of plastics which is again expected to hamper the market growth during the forecast period.

The global plastic bags and sacks market is segmented based on type, material, application, company and region. Based on type, the market can be categorized into gusseted bags, T-shirt bags, lay flat bags, rubble sacks, trash bags, woven sacks and others. The T-shirt bags segment is expected to dominate the market owing to the increasing use of these bags for packaging of small and medium sized goods. Additionally, these are easy to use and convenient to carry. Based on material, the market can be split into biodegradable and non-biodegradable. The non-biodegradable segment is expected to hold a significantly large market share owing to their low cos and superior properties.

Regionally, the plastic bags and sacks market

The major players operating in the plastic bags and sacks market are Berry Plastics Inc, Novolex Holdings, Inc., Mondi Group, Ampac Holdings, LLC, International Plastics Inc., Inc., AEP Industries Inc, Bischof & Klein GmbH & Co., Interplast Group, Starlinger & Co., Hanoi Plastic Bag JSC and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study

• To analyze and estimate the market size of global plastic bags and sacksmarket from 2018 to 2021.
• To estimate and forecast the market size of global plastic bags andsacks market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast global plastic bags and sacks market based on type,material, application, company and regional distribution.
• To identify dominant region or segment in the global plastic bags andsacks market.
• To identify drivers and challenges for global plastic bags and sacks market.
• To examine competitive developments such as expansions, new productlaunches, mergers & acquisitions, etc., in global plastic bags and sacks market.
• To identify and analyze the profile of leading players operating in globalplastic bags and sacks market.
• To identify key sustainable strategies adopted by market players inglobal plastic bags and sacks market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of

Key Target Audience

• Plastic bags andsacks manufacturers/ suppliers/ distributors
• Market researchand consulting firms
• Government bodiessuch as regulating authorities and policy makers
• Organizations,forums and alliances related to plastic bags and sacks

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.