Eco-friendly Plastic Bags Market size is estimated to be USD 5.2 Billion in 2024 and is expected to reach USD 12.1 Billion by 2033 at a CAGR of 9.8% from 2026 to 2033.
In 2022, the global eco friendly plastic bags market was valued at approximately $1,684.5 million and is projected to reach around $2,805.8 million by 2029, reflecting a compound annual growth rate (CAGR) of 6.6% during the forecast period. Europe dominated the market with a 55% share, driven by stringent environmental regulations and high consumer awareness. North America and China collectively accounted for about 30% of the market, indicating significant adoption of sustainable packaging solutions in these regions. Asia Pacific is anticipated to experience substantial growth, propelled by rapid urbanization and increasing environmental consciousness in countries like China and India. Government initiatives aimed at reducing plastic waste are expected to further stimulate demand for biodegradable alternatives. In North America, supportive policies and a strong emphasis on sustainability are fostering market expansion. Europes commitment to reducing plastic consumption continues to drive steady growth in the eco friendly plastic bags market.
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BioBag
Walki Plastiroll Oy
RKW Group
Jiangsu Torise biomaterials
JUNER Plastic packaging
Chnpack
Symphony Polymers
EnviGreen
XCBIO
Polybags
BioPak
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. 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 Eco-friendly Plastic Bags Market
Biodegradable Plastic Bags
Compostable Plastic Bags
Recycled Plastic Bags
Oxodegradable Plastic Bags
Shopping Bags
Trash Bags
Food Storage Bags
Retail Bags
Retail Sector
Food and Beverage Industry
Healthcare Sector
Household Consumers
Grocery Shopping
Food Packaging
Promotional Uses
Event and Party Supplies
Online Retailers
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
US (United States, US 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 Eco-friendly Plastic Bags 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 Eco-friendly Plastic Bags Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Eco-friendly Plastic Bags Market, By Type
6. Global Eco-friendly Plastic Bags Market, By Application
7. Global Eco-friendly Plastic Bags Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Eco-friendly Plastic Bags Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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