Recycled Plastic Bags Market: An Overview
The recycled plastic bags are made from different forms of plastic which include polyethylene or woven polypropylene or non-woven polypropylene. The woven polypropylene is made from recycled plastic threads whereas the non-woven polypropylene is made by bonding the recycled plastic fibres together. The recycled plastic bags are known for their durability as are made from woven and non-woven polypropylene material. Polypropylene is rough and has resistance against chemical which makes the bag strong and durable. The recycled plastic bag is light in weight and also inexpensive. These recycled plastic bags are environment-friendly product as are made from recycled material. Moreover, recycled plastic bags consume less energy in the manufacturing process as compared to cotton bags which adds to the benefit of the recycled plastic bags market. The recycled plastic bags are more attracted by the customer who is focusing on sustainable and environmentally friendly products. The recycled plastic bags can be used for daily use as it is lightweight and affordable in price. The recycled plastic bags contribute towards reducing the plastic waste solutions as these are made from recycled plastic content. Considering the sustainability concern and shifting inclination towards highly recyclable plastic packaging solutions among the end users is projected to fuels the recycled plastic bags market growth
Recycled Plastic Bags Market: Dynamics
Significantly rising use of plastic bags for daily use pushes the demand for recycled plastic bags. The bags are required for purchasing grocery items or for garbage use or for purchasing other products. Such bags need to be durable as well as inexpensive as is used daily by various consumers. Such feature is offered by recycled plastic bags which bolster the demand for recycled plastic bags by end-users. Also, the rising need for products that cause less or no harm to the environment augments the sales of recycled plastic bags. Recycled plastic bags can be used as a promotional tool by various businesses as they are printable and lower in cost compared to cotton bags. The high recyclable content in recycled plastic bags drives the demand for recycled plastic bags. Moreover, these recycled plastic bags can be reused or recycled again which is a positive factor driving the sales of recycled plastic bags. On the other hand, lack of recycling plant facilities across the developing as well as developed regions across the globe is limiting the recycling activities of plastic bags with somehow restrict the recycled plastic bags market considerably. On a broader level, the rising concern associated with recycling of plastic packaging solutions is pivotal factor that accelerates the market growth significantly.
Recycled Plastic Bags Market: Segmentation
On the basis of product type, the recycled plastic bags market is segmented into:
- Woven Bags
- Non-Woven Bags
On the basis of material type, the recycled plastic bags market is segmented into:
On the basis of thickness, the recycled plastic bags market is segmented into:
- Below 80 micron
- 80-100 micron
- 101-120 micron
- Above 120 micron
On the basis of capacity, the recycled plastic bags market is segmented into:
- Less than 5 kgs
- 5-10 kgs
- 11-15 kgs
- Above 15 kgs
On the basis of end-use industries, the recycled plastic bags market is segmented into:
- Food & Beverages
- Chemicals & Fertilizers
- Building & Construction
- Personal Care & Cosmetics
- Others (Households, etc.)
Recycled Plastic Bags Market: Regional Outlook
Based on the geography, the recycled plastic bags market is categorized into North America, Latin America, Europe, APAC, and MEA Regions. The countries such as India, China, and Japan in APAC regions have major growth opportunity for recycled plastic bags due to the sustainability concerns focused there, as well as the regulations and restriction on the usage of plastic bags. Also, the cost-effectiveness of recycled plastic bags pushes the sales in APAC regions. Also, the Europe and North America region are anticipated to witness significant rise in sales of recycled plastic bags owing to rising recycling activities in the regions.
Recycled Plastic Bags Market: Key Players
Some of the global recycled plastic bags manufacturers: -
- Custom Grocery Bags
- Recycle Bags
- Vicbag Group
- North American Plastics and Chemicals
- Polykar Industries Inc.
Some of the APAC recycled plastic bags manufacturers: -
- Autron Industry Co. Ltd
Regional Analysis Includes:
- North America
- Latin America
- Middle East & Africa (MEA)
The report recycled plastic bags market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on plastic packaging market segments and geographies.
- A detailed overview of the parent market
- Changing recycled plastic bags market dynamics in the industry
- In-depth recycled plastic bags market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the recycled plastic bags market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- 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
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.