Plastic Bags & Sacks Market (Material Type - Bio Degradable, Non Bio-Degradable; Product Type - T Shirt Bags, Gusseted Bags, Lay Flat Bags, Trash Bags, Rubble Sacks, Woven Sacks, Others; Application - Retail & Consumer Applications, Institutional Services, Industrial Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Albany, NY -- (SBWire) -- 03/13/2019 --The global market for plastic bags & sacks was valued at US$ 19,866.5 million in 2017. The global plastic bags & sacks market value is projected to expand at a CAGR of 3.0% during the forecast period, 2018-2026.

The plastic bags & sacks Market are developed from two type of plastic materials, which are biodegradable and non-biodegradable. In 2017, more than 85% of plastic bags & sacks were manufactured from non-biodegradable materials such as HDPE, LDPE, LLDPE, PP, PS and other plastics. The non-biodegradable plastics are the highly preferred material for the production of plastic bags & sacks, due to cost effectiveness & abundant availability of the material. As compared to non-biodegradable plastics, biodegradable plastic consumes large amount of resources for processing, leading to higher cost of the material. Biodegradable plastic bags & sacks are eco-friendly and decomposable as compared to the oil-based plastics (non-biodegradable plastic).

Non-biodegradable plastic bags & sacks are expected to be highly attractive in terms of incremental opportunity and market share by the end of 2026. For manufacturing of non-biodegradable plastic bags & sacks, polyethylene material is most preferred. In 2017, more than half of plastic bags & sacks were made up of LDPE and HDPE plastics. Polypropylene plastic bags & sacks segment is expected to register a CAGR of 3.6% during the forecast period.

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Europe region is estimated to be the largest geographic segment in the global non-biodegradable plastic bags & sacks market in 2018. In the European plastic bags & sacks market, LDPE & HDPE is expected to reach a cumulative market share of more than 60% during the forecast period. PS (Polystyrene) and other non-biodegradable plastic bags & sacks market segments are projected to witness sluggish growth during the forecast period. In Asia Pacific plastic bags & sacks market, HDPE is the highly preferred non-biodegradable plastic material for plastic bags & sacks. With the highest market share in Asia Pacific plastic bags & sacks market, HDPE material is also anticipated to create highest incremental opportunity as compared to other materials. Latin America and Middle East & Africa are expected to account for less than 15% of value share in the global plastic bags & sacks market in 2018.

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1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Opportunity

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition

3. Market Background
3.1. Porter's Analysis
3.2. Macro-Economic Factors
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity Analysis
3.4.4. Trends

4. Market Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis

5. Global Plastic Bags & Sacks Market Analysis By Product Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Product Type
5.1.2. Y-o-Y Growth Analysis By Product Type
5.2. Market Size (US$ Mn) and Volume (Tons) Forecast By Product Type 2018–2026
5.2.1. T Shirt Bags
5.2.2. Gusseted Bags
5.2.3. Lay Flat Bags
5.2.4. Trash Bags
5.2.5. Rubble Sacks
5.2.6. Woven Sacks
5.2.7. Others
5.3. Market Attractiveness Analysis By Product Type

6. Global Plastic Bags & Sacks Market Analysis By Material Type
6.1. Introduction
6.1.1. Market Value Share Analysis By Material Type
6.1.2. Y-o-Y Growth Analysis By Material Type
6.2. Market Size (US$ Mn) and Volume (Tons) Forecast By Material Type 2018–2026
6.2.1. Non Bio-Degradable
6.2.1.1. HDPE
6.2.1.2. LDPE
6.2.1.3. LLDPE
6.2.1.4. PP
6.2.1.5. PS
6.2.1.6. Others
6.2.2. Bio Degradable
6.2.2.1. PLA
6.2.2.2. PHA
6.2.2.3. Starch Blends
6.2.2.4. Others
6.3. Market Attractiveness Analysis By Material Type

7. Global Plastic Bags & Sacks Market Analysis By Application
7.1. Introduction
7.1.1. Market Value Share Analysis By Application
7.1.2. Y-o-Y Growth Analysis By Application
7.2. Market Size (US$ Mn) and Volume (Tons) Forecast By Application 2018–2026
7.2.1. Retail & Consumer
7.2.1.1. Grocery Products
7.2.1.2. Food & Beverage
7.2.1.3. Clothing & Apparel
7.2.1.4. Others
7.2.2. Institutional
7.2.2.1. Hospitality
7.2.2.2. Hospital & Healthcare Facility
7.2.2.3. Others
7.2.3. Industrial
7.3. Market Attractiveness Analysis By Application

8. Global Plastic Bags & Sacks Market Analysis By Region
8.1. Introduction
8.1.1. Market Value Share Analysis By Region
8.1.2. Y-o-Y Growth Analysis By Region
8.2. Market Size (US$ Mn) and Volume (Tons) Forecast By Region 2018–2026
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific (APAC)
8.2.4. Latin America
8.2.5. Middle East & Africa (MEA)