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Published Date: 2016-06-17Number of Pages: 200

Plastic Bags & Sacks Market (Material - Non-biodegradable (HDPE, LDPE, LLDPE, PP, and PS) and Biodegradable (PLA, PHA, and Starch Blends); Product - T-shirt Bags, Gusseted Bags, Lay Flat Bags, Trash Bags, Rubble Sacks, and Woven Sacks); Application - Retail & Consumer (Grocery Products, Food & Beverage, and Clothing & Apparel), Institutional (Hospitality and Hospitals & Healthcare Facility) and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Plastic Bags and Sacks Market: Snapshot

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. 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.

Changes in consumer lifestyle, rapid pace of industrialization, rising consumer goods and retail sector, and declining prices of oil and gas in emerging markets are the factors accentuating market growth. The global market for plastic bags and sacks is forecast to expand at a CAGR of over 3.4% from 2016 to 2024.

Non-Biodegradable Products Growing at Significant Pace; However, Scales Tilting in Favor of Biodegradable Ones

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).

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.

Furthermore, the advancements in manufacturing technologies have enabled vendors to offer a variety of options in biodegradable packaging. As a result, plastic bags manufacturers are focusing on making biodegradable and bio-based plastic bags and sacks that can be easily recycled so that they do not pose risk to environment.

Asia Pacific Market to Contribute to Large Chunk in terms of Global Demand

Based on geography, the global plastic bags and sacks market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa (MEA). Of these, Europe is expected to lead the global market in terms of revenue and is estimated to be followed by North America. On the other hand, Asia Pacific is forecast to register a high CAGR during 2016 - 2024.

Asia Pacific excluding Japan (APEJ) is expected to witness a spiraling demand for plastic and sacks bags owing to rising discretionary spending by middle-class consumers and rapid pace of urbanization. In addition, the impressive growth of the retail sector and the consumer good segment has triggered the demand for plastic bags and sacks for packaging various materials and food items. Furthermore, the emerging nations of Asia Pacific such as India and China are expected to witness soaring demand for plastic bags and sacks. The significant growth in the regional markets is attributed to the changing lifestyle across all strata of society and increasing per capita income of the people in these nations.

The plastic bags industry is largely fragmented, with the presence of some organized players and several small unorganized players. Leading players are resorting to mergers and acquisitions to consolidate their shares across various regions. Major companies in the global plastic bags and sacks market include Mondi plc, Berry Plastics Inc., AEP Industries Inc., Alpha Poly, Bischof & Klein GmbH & Co, Interplast Group, Novolex, Ampac Holdings LLC, Da Nang Plastic Joint Stock Company, Schur Flexibles Group, Goglio Group, and Hanoi Plastic Bag JSC.

This report provides forecast and analysis of the plastic bags & sacks market on the global and regional levels. It provides historical data of 2015 along with forecast from 2016 to 2024 in terms of revenue (US$ Mn) and volume (‘000 metric tons). The report also includes macroeconomic indicators along with an outlook on plastics consumption globally. It includes drivers and restraints of the plastic bags & sacks market and their impact on each region during the forecast period. The report also comprises the study of current issues with end users and opportunities for plastic bags & sacks manufacturers. It also includes detailed pricing analysis by material type and value chain analysis with a list of vendors/suppliers and industry stakeholders at each node in the value chain.

In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis and company players with unique selling propositions. The dashboard provides detailed comparison of plastic bag manufacturers on parameters such as operating margin, unique selling propositions, collective market share, and geographic concentration. The study encompasses market attractiveness analysis, by material type, product type, application type, and region.

The report includes consumption of plastic bags & sacks and the revenue generated from sales of plastic bags & sacks in all regions and important countries in these regions. By material, the global plastic bags & sacks market has been segmented into biodegradable and non-biodegradable. Biodegradable segment is further sub-segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch blend, and others. Non-biodegradable segment is sub-segmented into high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), polypropylene (PP), polystyrene (PS), and others. By product type, the market is segmented into T-shirt bags, gusseted bags, lay flat bags, trash bags, rubble sacks, woven sacks, and other bags. On the basis of application, the global plastic bags & sacks market is segmented into retail & consumer, institutional, and industrial. Retail & consumer segment is further sub-segmented into grocery products, food & beverage, clothing & apparel, and others. Retail & consumer application segment is further sub-segmented into grocery products, food & beverage, clothing & apparel and others. Furthermore, institutional segment is sub-segmented into hospitality, hospitals & healthcare, and others. 

Market numbers have been estimated based on average consumption and weighted average pricing of plastic bags & sacks by material type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The plastic bags & sacks market has been analyzed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional plastic bags & sacks manufacturers, suppliers, and distributors. All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Regional demand patterns have been considered while estimating the market for various end users of plastic bags & sacks in different regions. Top-down approach has been used to estimate the plastic bags & sacks market by regions. Market numbers for global material type, product type, and application segments have been derived using the bottom-up approach, which is cumulative of each region’s demand. Company-level market share has been derived on the basis of revenues reported by key manufacturers. The market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, World Bank, Packaging Digest, Plastic Manufacturers Association, Society of the Plastics Industry, Plastics Europe, and Hoover’s, and company annual reports and publications.

The report provides detailed competitive and company profiles of key participants operating in the global market. Key players in the global plastic bags & sacks market include AEP Industries Inc, Mondi Group, Berry Plastics Inc, Alpha Poly, Novolex, Ampac Holdings LLC, Bischof & Klein GmbH & Co, Interplast Group, Starlinger & Co, Gesellschaft GmbH, Da Nang Plastic Joint Stock Company, Hanoi Plastic Bag JSC, Arihant Packaging, Goglio Group, and Schur Flexibles Group 

The market has been segmented as below:

Global Plastic Bags & Sacks Market – By Material

  • Non-biodegradable
    • HDPE
    • LDPE
    • LLDPE
    • PP
    • PS
    • Others
  • Biodegradable
    • PLA
    • PHA
    • Starch Blends
    • Others

 Global Plastic bags & sacks Market – By Product Type

  • T-shirt Bags
  • Gusseted Bags
  • Lay Flat Bags
  • Trash Bags
  • Rubble Sacks
  • Woven Sacks
  • Others

Global Plastic bags & sacks Market – By Application

  • Retail & Consumer
    • Grocery Products
    • Food & Beverage
    • Clothing & Apparel
    • Others
  • Institutional
    • Hospitality
    • Hospitals & Healthcare Facility
    • Others
  • Industrial

 Global Plastic bags & sacks Market – By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Europe
    • EU-5
    • Russia
    • Nordic
    • Benelux
    • Poland
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • ASEAN
    • Oceania
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • North Africa
    • Rest of MEA


 
 
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