PLASTIC BAG AND SACK MARKET ANALYSIS

Plastic Bag and Sack Market, By Material Type (Non-Bio-DegradableHigh-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear low-density polyethylene (LLDPE), Polypropylene (PP), Polystyrene (PS), Others) Bio-Degradable (Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Starch Blends, Others)), By Product Type: (T-Shirt Bag, Gusseted Bag, Lay Flat Bag, Trash Bag, Rubble Sack, Woven Sack, Others), By Application: ( Retail & Consumer (Grocery Products, Food & Beverage, Clothing & Apparel, Others), Institutional (Hospitality, Hospital & Healthcare Facility, Others), Industrial), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023
Code : CMI3470
Pages :120
Formats :
Excel and PDF
Industry : Packaging

Plastic Bag And Sack MarketSize and Trends

The global plastic bag and sack market is projected to reach around US$ 36.30 Billion by the end of 2030, in terms of revenue, growing at CAGR of 5.1% during the forecast period (2023-2030).

Plastic Bag and Sack Market Report Coverage

Report Coverage Details Base Year: 2022 Market Size in 2022: US$ 24.3 Bn Forecast Period 2023 to 2030 CAGR: 5.1% Forecast Period 2023-2030

Market- Trends

Global Plastic Bag and Sack Market- Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic has moderate effect on plastic bags and sack industry. Sales of this industry deceased due to supply chain and transportation regulations. Due to lockdown production capacity entirely shut down in many countries. After COVID-19 market is growing and many production sites reopened, thus resulting in positive sales of plastic bags and sack market.

Figure 1. Global Plastic Bag and Sack Market, Revenue Share (%), By Region, 2022

On basis of the region, Europe region dominated the global plastic bag and sack market in 2022, accounting for 35% share in terms of value, followed by Asia Pacific and North America, respectively.

Figure 2. Global Plastic Bag and Sack Market, Revenue Share (%), By Application, in 2022

On the basis of application, in 2022, retail & consumer application accounted the largest market share of 70% in terms of value, followed by industrial and institutional respectively.