Polyethylene Bags Market: An Overview
Polyethylene bags are one of the most widely used plastic bags in everyday usage. Polyethylene bags owing to their chemical inertness are favorable for packaging of different kinds of materials including hazardous substances. High strength to weight ratio and flexibility makes them a viable option for packaging of food, chemicals, as well as pharmaceutical packaging among others. Manufactures produce polyethylene bags in a variety of shapes and sizes. Most of the polyethylene bags that are commonly used are made up of low density polyethylene (LDPE). Polyethylene bags are used in food packaging as they provide extended shelf life when coated or lined with barrier films.
Polyethylene Bags Market: Dynamics
Printed polyethylene bags provide a powerful tool for branding and promotion. Using printed polyethylene bags as a method of promotion is relatively economical when compared to other promotional methods such as using electronic and print media. This inclination of manufacturers is expected to drive the demand for polyethylene bags during the forecast period.
Polyethylene bags end up in landfills usually after single use and stay there for thousands of years. Only 4-5% of the polyethylene bags are recycled and hence their disposal becomes the biggest challenge. However, with the rising consumer awareness about the environmental issues, the demand for eco-friendly packaging solutions is surging. Emphasis is on usage of recyclable plastic bags, this has resulted in decreased usage of conventional polyethylene bags. Most polyethylene bags or film manufacturers are using specialty ingredients along with the basic polymer such as oxo-biodegradable materials to make biodegradable plastic bags. Also, paper bags and jute bags are gaining traction owing to their biodegradability, reusability and recyclability. Availability of so many alternative packaging solutions is expected to hamper the growth of polyethylene bags.
Polyethylene Bags Market: Segmentation
The global polyethylene bags market has been segmented on the basis of material type, product type and end use industries.
On the basis of material type, the global polyethylene bags market has been segmented as follows-
- High density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
On the basis of product type, the global polyethylene bags market has been segmented as follows-
- Lay Flat Bags
- T Shirt Bags
- Trash Bags
- Rubble Sacks
- Gusseted Bags
- Woven Sacks
- Other Bags
On the basis of end use industries, the global polyethylene bags market has been segmented as follows-
- Food Packaging
- Chemical Packaging
- Pharmaceutical Packaging
- Retail Packaging
- Industrial Packaging
- Personal & Homecare Packaging
Polyethylene Bags Market: Regional Outlook
Geographically, the global polyethylene bags market has been segmented into seven key regions as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan, Japan, Middle East and Africa. With high amount of harmful plastic litter surfacing on the ocean surfaces, the governing bodies of various nations of European Union are imposing stringent regulations against the usage of polyethylene bags. Retailers in countries including U.K., Germany, and Switzerland are charging a nominal fee for polyethylene bags. This has resulted in a significant reduction in consumption of polyethylene bags in Europe. In Saudi Arabia, packaging solutions made up of polyethylene must comply with the regulations approved and contain an oxo-biodegradable content. Other countries in the Middle East region such as Oman and Turkey are either banning or levying taxes on the usage of polyethylene bags. Many states in India are imposing strict bans on the usage of polyethylene bags. All these factors are expected to hamper the polyethylene bags market during the forecast period.
Polyethylene Bags Market: Key Players
Some of the key players operating in the global polyethylene bags market are Schur Flexibles Group, Bischof & Klein GmbH & Co. KG, Novolex Holdings, Inc., Berry Plastics Group, Inc, Mondi Group plc, Ampac Holdings, LLC, Custom Poly Packaging, Champion Plastics Corp., Rutan Poly Industries, Inc., Packateers, Inc., Poly Pak Plastics, Dana Poly, Inc., International Plastics Inc., Universal Plastic Bags, Clearview Bag Co., Inc., Columbia Packaging Group, Alpine Packaging, Inc. and more. Many local and unorganized players are expected to contribute to the global polyethylene bags market during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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