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Plastic Bags And Sacks Market By Product Type (T-Shirt Bags, Trash Bags, Gusseted Bags, Lay Flat Bags, Rubble Bags, Woven Bags), By Application (Consumer And Retail Sector, Industrial Sector) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report, titled "Plastic Bags and Sacks Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024," offers strategic insights into the trends in the plastic bags and sacks market, along with the market size and forecast for the duration of 2013–2024. The said research study incorporates an 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 as players develop new products to reach their full capabilities and gain an international footprint. In addition, several players are also focused on developing niche products for the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Asia, and the 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 the consumer and retail sector, the industrial sector, and others. This report presents the market size and forecast for all segments considered for the period 2013-2024 (US$ Mn), as well as their respective CAGRs for the forecast period 2016-2024 (value%). In terms of geographical distribution, the global plastic bag and sack market is studied for five major regions, namely, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global plastic bags and sacks market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of plastic bags and sacks.

On the basis of product type, the plastic bags and sacks market is categorized into the following product types:

  • T-shirt bags
  • Trash bags
  • Gusseted bags
  • Lay-flat bags
  • Rubble sacks
  • Woven sacks
  • Others

Rising demand for suitable and cost-effective carry bags for different products is anticipated to propel the plastic bags and sacks market during the forecast period. The plastic bags and sacks market is also segmented on the basis of product types, such as t-shirt bags, trash bags, gusseted bags, lay-flat bags, rubble bags, woven sacks, and others. In 2015, the t-shirt bags segment contributed the most to the total revenue of the plastic bags and sacks market. The segment is expected to expand at an exponential compound annual growth rate over the forecast period due to increasing hypermarkets, 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 the following types:

  • consumer and retail sector
  • Industrial sector
  • Others

The plastic bags and sacks market is also segmented on the basis of application, such as the consumer and retail sector, industrial sector, and others. In 2015, the consumer and retail segments contributed the most to the total revenue of the plastic bags and sacks market. 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 have led to rising personal disposable income and the ability to spend on various products. The rising demand for day-to-day products such as groceries, other food and beverage products, and apparel is anticipated to impel the growth of the consumer and retail sectors over the forecast period.

On the basis of geography, the global plastic bags and sacks market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC
  • Rest of the Middle East and Africa
  • Latin America (LATAM)
  • Brazil
  • Mexico
  • rest of Latin America

The retail sector has showcased stupendous growth over the past few years due to the rise in the number of distribution channels (physical stores) all across the globe. This is anticipated to impel the growth of the plastic bags and sacks market over the forecast period. The global plastic bags and sacks market is segmented on the basis of geography. The Europe region contributed the highest revenue share in the total plastic bags and sacks market, with a contribution of more than 40% in 2015. Following it, North America stood in second place that year. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period and is likely to exceed the European market by 2024. The trend for printed plastic bags in the Asia-Pacific region is also expected to showcase higher growth in the region.

Frequently Asked Questions:

The market for Plastic Bags And Sacks Market is expected to reach US$ 25.1 Bn By 2024.

The Plastic Bags And Sacks Market is expected to see significant CAGR growth over the coming years, at 4.2%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

AEP Industries Inc., Mondi Group., Berry Plastics Inc., Schur Flexibles Group are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Consumer Goods
Report ID:   58312
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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