About Plastic Bag
The plastic bag is carrier bag with the handles designed for the generall utilities for carrying goods purchased by consumers, some plastic bags are manufactured without gussets or handles and there are some which are designed for carrying waste. With the growing packaging and logistics industry, the global plastic bag market is increasing, the plastic bags are available in different designs, and styles. They are even used as handbags and clear PVC bags in fashion industry and among women. However, there are so many barriers to the plastic bag market as they are banned in most countries due to the adverse effects it has on environment.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The competitive landscape of the plastic bag market is crucial for businesses involved in manufacturing, retail, and environmental advocacy. By staying informed about evolving regulations, consumer preferences, and technological advancements, players can adapt their strategies and contribute to a more sustainable future for plastic bag usage. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novolex (United States), Unistar Plastics, LLC (United States), Advance Polybag, Inc. (United States), Papier-Mettler (Germany), T.S.T. Plaspack Co., Ltd. (Thailand), Sahachit Watana Plastic Industry Co., Ltd (Thailand), Super Bag Plastic Bags LLC (United States), Olympic Plastic Bags Ltd (Canada), Cardia Bioplastics (Australia) and Rizhao Huanuo Plastic Products Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jiangsu Torise Biomaterials Co., Ltd. (China), Xtex Polythene Ltd. (United Kingdom) and BioBag Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Plastic Bag market by Type (Grocery Plastic Bags and Waste Plastic Bags), Application (Daily Chemical Packaging, Fiber Products Packaging and Food Packaging) and Region.
On the basis of geography, the market of Plastic Bag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Plastic Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. High-density Polyethylene (HDPE) will boost the Plastic Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emerging Use of PVC Clear Bags in the Fashion Industry and Advent of Plastic Bags in Different Designs and Styles
Market Growth Drivers:
Increasing Demand for Packaging Material Among Retailers and Customers and The Rising Awareness about Cleaning is Increasing Demand for the Plastic Bag for Waste
Challenges:
Stiff Competition Due to Various Players Present in the Market
Restraints:
Environment Damage Due to the Production and Consumption of Plastic Bags will Hinder the Market Growth and Stringent Regulatory Guidelines Regarding the Ban of Plastic Bag
Opportunities:
Growing Logistics and Packaging Industry will Boost the Plastic Bag Market
Market Leaders and their expansionary development strategies
In July 2023, Unilever and The Recycling Partnership this collaboration targets expanding recycling infrastructure and education initiatives in various communities, aiming to increase recycling rates for plastic bags and other post-consumer plastics.
In October 2023, Ello introduces their "FoodSaver Stretch Silicone Lids," reusable covers for containers and bowls, offering an alternative to plastic wrap and single-use bags for food storage.
"In the US, there are no federal laws that require warning labels on plastic bags. However, in order to help prevent child suffocations, some states and a few municipalities have enacted their own legislation with regards to suffocation warning labels for plastic bags. These regulations apply to plastic bags intended for household use or for packaging articles intended for household use, or which is so designed or decorated so as to encourage its use as a toy, that meet certain dimensional requirements. If bag thickness on average is < 1mil and with a certain size opening specified in the table below, a warning label is required."
Key Target Audience
Plastic Bag Manufacturers, Plastic Bag International Traders, Plastic Bag Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.