Albany, NY -- (SBWIRE) -- 04/05/2018 -- The global plastic bags and sacks market is poised for steady growth along the forecast period driven by vast developments in the retail sector worldwide. The rapid inroad made by the retail industry in the fast moving consumer segment has led to the proliferation of retail outlets such as supermarkets, hypermarkets, and other convenience stores.

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The soaring disposable incomes of the consumers across the globe have spurred the demand for flexible and packaging materials for the storage and transportation of various goods. This in turn has stimulated the demand for cost-effective plastic bags and sacks in a large number of retail outlets.

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Based on material type, the global plastic bags and sacks market is segmented into biodegradable and non-biodegradable. The biodegradable segment is further segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch blend resins, while the non-biodegradable segment is further segmented into low density polyethylene (LDPE), high density polyethylene (HDPE), polypropylene (PP), linear low density polyethylene (LLDPE), and polystyrene (PS).

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The non-biodegradable segment occupies a prominent share measured in terms of volumes of consumption of plastic bags and sacks. However, stringent regulatory requirements have led to the adoption of ecofriendly and reusable plastic bags and sacks, spurring the demand for biodegradable packaging. The biodegradable segment is poised to expand at an impressive CAGR along the forecast period.