This report titled “Plastic Bags and Sacks Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in plastic bags and sacks market along with the market size and forecast for the duration 2013 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on product type, application and geographical distribution.
The global plastic bags and sacks market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Asia Pacific.
Based on product type, the global plastic bags and sacks market is categorized into t-shirt bags, trash bags, lay flat bags, gusseted bags, rubble sacks, woven sacks and others. On the basis of application, the global plastic bags and sacks market is segmented into consumer and retail sector, industrial sector, and others. Market size and forecast for all the considered segmentation is presented in this report for the period 2013-2024 (US$ Mn) along with their respective CAGRs for the forecast period 2016-2024 (Value %).
On the basis of product type, the plastic bags and sacks market is categorized into following product types:
Rising demand for suitable and cost effective carry bags for different products is anticipated to impel the plastic bags and sacks market during the forecast period. The plastic bags and sacks market is also segmented on the basis of product type such as t-shirt bags, trash bags, gusseted bags, lay flat bags, rubble bags, woven sacks and others. Amongst this, t-shirt bags segment contributed the highest share in the total revenue of plastic bags and sacks market in 2015. The segment is expected to expand at an exponential compound annual growth rate over the forecast period due to increasing hypermarkets and supermarkets and grocery stores. The rubble sacks and trash bags segment is anticipated to observe robust growth over the forecast period. This is due to increasing adoption by industrial and waste management agencies.
On the basis of application, the plastic bags and sacks market is categorized into following types:
The plastic bags and sacks market is also segmented on the basis of application such as consumer and retail sector, industrial sector, and others. Amongst this, consumer and retail segment contributed the highest share in the total revenue of plastic bags and sacks market in 2015. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. The growth and prosperity in developing countries such as China and India has led to rising personal disposable income and as well as ability to spend on various products. The rising demand for day to day products such as groceries, other food and beverage products, and apparels is anticipated to impel the growth of consumer and retail sector over the forecast period.
The retail sector has showcased stupendous growth over the past few years due to rise in number of distribution channels (physical stores) all across the globe. This is anticipated to impel the growth of plastic bags and sacks market over the forecast period. The global plastic bags and sacks market is segment on the basis of geography. Europe region contributed the highest revenue share in total plastic bags and sacks market with a contribution of more than 40% in 2015. Followed by it, North America stood at second position in that year. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period and is likely to exceed the Europe market till 2024. The trend for printed plastic bags in Asia Pacific region is also expected to showcase higher growth in the region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Plastic Bags And Sacks market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
