About Biodegradable Plastic Bags and Sacks
Biodegradable plastic bags and sacks are being used by a customer worldwide for grocery shopping and other household chores. The biodegradable plastic bags and sacks are of the various types which include the lay flat bags, rubble sacks, gusseted bags, woven sacks, trash bags, t-shirt bags, and more. These types of plastic bags and sacks are made of a material like polylactic acid (PLA), polyhydroxyalkanoates (PHA), polybutylene succinate, and a combination of other chemicals. The biodegradable plastic bags and sacks are sold as eco-friendly item as it can break into harmless material faster than other plastics.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. 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), BASF SE (Germany), BioBag International AS (Norway), EnviGreen (India), Abbey Polythene Ltd (United Kingdom), Plastiroll Oy (Finland), Bulldog Bag Ltd (Canada), Xtex Polythene Ltd (United Kingdom), Sahachit Watana Plastic Industry Co., Ltd (Thailand), The RKW Group (Germany), Symphony Polymers Private Limited (India) and Jiangsu Torise Biomaterials Co., Ltd (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Biodegradable Plastic Bags and Sacks market by Type (Lay Flat Bags, Rubble Sacks, Gusseted Bags, Woven Sacks, Trash Bags, T-shirt Bags and Others), Application (Industrial, Institutional and Retailers) and Region.
On the basis of geography, the market of Biodegradable Plastic Bags and Sacks 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 Plastic, the sub-segment i.e. Oxo-biodegradable Plastic will boost the Biodegradable Plastic Bags and Sacks 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. Polylactic Acid (PLA) will boost the Biodegradable Plastic Bags and Sacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Research and Development on Biodegradable Plastic Bags and Sacks
Market Growth Drivers:
Rising Pollution Worldwide and its Dangerous Impacts on the Environment and Demand for the Eco-friendly Plastic Bags and Sacks in various Application
Challenges:
Problem with the Decomposition Process of Biodegradable Plastic Bags and Sacks
Restraints:
Prices Fluctuation in the Production of Biodegradable Plastic Bags and Sacks
Opportunities:
Strict Government Guidelines on the Use of Biodegradable Plastic Bags and Sacks and Surging Demand for the Biodegradable Plastic Bags and Sacks for Developing Nation
Market Leaders and their expansionary development strategies
August 2021, US-based Novolex had acquired Vegware, a compostable foodservice packaging provider.
April 2023, Tesco launches collaborative ready meal tray-to-tray initiative with Faerch Group. recycling used plastic food trays back into packaging creating a fully circular packaging solution for its range of core chilled ready meals.
"Regulations on the Use of Plastic Bags in the Philippines and in Other Countries states that the commercial establishment shall also provide biodegradable plastic bags to their customers/consumers. They shall promote and make available for sale locally-made bayong, buli, and other reusable bags that are made of abaca, water lily, and other organic or compostable materials. It also includes many other guidelines under it regarding the use of biodegradable plastic bags and sacks."
Key Target Audience
Biodegradable Plastic Bags and Sacks Manufacturers, Biodegradable Plastic Bags and Sacks International Traders, Biodegradable Plastic Bags and Sacks Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies 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.