Plastic Bags & Sacks Market was valued at USD 23.22 Billion in 2022 and is projected to reach USD 37.41 Billion by 2030, growing at a CAGR of 6.45% from 2024 to 2030.
The global plastic bags and sacks market was valued at approximately USD 47.5 billion in 2022. This market is anticipated to grow at a compound annual growth rate (CAGR) of around 4.2% from 2023 to 2028. The growth can be attributed to increasing consumer demand for convenience, rising e-commerce activities, and expanding retail sectors. The market's expansion is driven by the versatile applications of plastic bags and sacks in packaging, food and beverage, and industrial sectors. Additionally, advancements in plastic technology and growing preference for lightweight and durable packaging solutions are expected to further boost market growth during this period.
Emerging markets present significant opportunities for growth in the plastic bags and sacks industry. Rapid urbanization, rising disposable incomes, and the expansion of retail infrastructure in regions such as Asia-Pacific and Latin America are likely to drive demand. In particular, countries with developing economies are expected to witness a surge in consumption due to increased retail activities and infrastructural developments. Furthermore, the growing trend of online shopping and delivery services globally is likely to contribute to the increased use of plastic bags and sacks. Companies focusing on innovative, eco-friendly packaging solutions will be well-positioned to capitalize on these emerging opportunities.
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Novolex
Advance Polybag
Superbag
Unistar Plastics
NewQuantum
Cardia Bioplastics
Olympic Plastic Bags
T.S.T Plaspack
Sahachit Watana
Xtex Polythene
Papier-Mettler
Biobag
Thantawan
Shenzhen Zhengwang
Rongcheng Libai
DDplastic
Jiangsu Torise
Dongguan Xinhai
Shangdong Huanghai
Shenzhen Sanfeng
Leyi
Rizhao Huanuo
Huili
Weifang Baolong
Weifang Longpu
Tianjin Huijin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastic Bags & Sacks Market
Retail & Consumer
Institutional
Industrial
Based on Types the Market is categorized into Below types that held the largest Plastic Bags & Sacks market share In 2023.
Biodegradable
Non-biodegradable
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastic Bags & Sacks Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastic Bags & Sacks Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastic Bags & Sacks Market, By Type
6. Global Plastic Bags & Sacks Market, By Application
7. Global Plastic Bags & Sacks Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastic Bags & Sacks Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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