Plastic Bags and Sacks Market - Increased International Trade Opening New Opportunities
Sarasota, FL -- (SBWIRE) -- 03/07/2018 -- A plastic bag—also known as a polybag or pouch—is a type of container that is made up of thin and flexible plastic film, nonwoven fabric, or plastic textile. These bags are used for the purpose of containing and transportation of various products such as foods, powders, magazines, ice, chemicals, and others.
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As the retail sector has witnessed a considerable growth in the last few years, this trend is anticipated to follow in the future too. This growth in the retail sector is the result of significant increase in the number of modern retail outlets including hypermarkets, and supermarkets, stores around the world. In addition, global retail sales, which include online retail and in-store sales, is also anticipated to increase considerably. This growth in the retail sector impacts the growth of the global plastic bags and sacks market in a positive way. In addition, increasing disposable income and purchasing power of consumers are also anticipated to increase the demand of convenient and cost-effective carry bags that are used for various products.
On the basis of material, the global plastic bags and sacks market are segmented as biodegradable and non-biodegradable bags. The biodegradable bags segment is further sub-segmented as polyhydroxyalkanoates, polylactic acid, starch blend, and others. The non-biodegradable bags segment is further sub-segmented as high-density polyethylene, linear low-density polyethylene, low-density polyethylene, polystyrene, polypropylene, and others. Based on the product type, the global market is segmented as gusseted bags, T-shirt bags, lay flat bags, rubble sacks, trash bags, woven sacks, and others. On the basis of application, the global plastic bags and sacks market is segmented as institutional, retail and consumer, and industrial. The retail and consumer segment is further sub-segmented as food and beverage, grocery products, clothing and apparel, and others. The institutional segment is also sub-segmented as hospitals and healthcare, hospitality, and others.
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Europe is anticipated to be the fastest market for the global plastic bags and sacks market. Asia Pacific is expected to be the largest market for the plastic bags and sacks owing to increase in demand for these products.
Some of the key players dominating the global plastic bags and sacks market are AEP Industries Inc., Berry Plastics Inc., Novolex, Alpha Poly, Bischof & Klein GmbH & Co., Mondi Group, Interplast Group, Ampac Holdings LLC, and Starlinger & Co. Other key players influencing the global market include Gesellschaft GmbH, Hanoi Plastic Bag JSC, Da Nang Plastic Joint Stock Company, Arihant Packaging, Schur Flexibles Group, and Goglio Group.
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Plastic Bags and Sacks Market: Regional Segment Analysis
Middle East and Africa
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