Plastic Bags & Sacks Market to Reach Worth of $25.8 Billion By 2026 | CAGR: 3%: TMR Study

Manufacturers in plastic bags & sacks market tapping into abundant demand from rise in spending on online retailing of various consumer products; rising adoption of rubble sacks to propel sales opportunities

Albany NY, United States, May 26, 2022 (GLOBE NEWSWIRE) — Plastic bags manufacturers, suppliers, and exporters globally are capturing revenues from a booming online and offline retail. Plastic bag industry statistics present interesting insights on value-grab opportunities, and found that rise in consumer products is a key factor expanding the revenue potential. A study by TMR on the plastic bags & sacks market projects the valuation to reach US$ 25.8 Bn by the end of 2026.

Rise in shipping of e-commerce products to fulfil customer demand especially in emerging economies has been creating substantial revenue opportunities for plastic sack manufacturers. Rapid pace of urbanization in Asia Pacific over the past few decades has enriched the value chain for players in the plastic bags & sacks market.

Plastic sack manufacturers are majorly using non-biodegradable plastics on the back of ease of availability and low cost of processing relative to biodegradable ones. Intense plastic bag recycling and manufacturing support is likely to fuel the shift toward increasing the proportion of biodegradable materials in plastics. However, due to lack of economy of scale and hurdles in wider commercialization, non-biodegradables products in the plastic bags & sacks market have massive incremental opportunity amounting to US$ 2.9 Bn by the end of 2026.

Request a Report Sample at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9284

Key Findings of Plastic Bags & Sacks Market Study

• Massive Uptake of Products Made of Non-biodegradable Plastic Creates Lucrative Avenues: Non-biodegradable materials have been extensively used in the making of plastic bags & sacks. The wide popularity of these materials can be attributed to the relatively low cost incurred in processing and production than with the use of biodegradable materials and their ease of availability. Furthermore, products made of polyethylene (PE) have been immensely commercialized in plastic bags & sacks market.
• Enormous Demand for Plastics Packaging in Modern Retail Propelling Revenue Streams: The analysts at TMR have found that rubble sacks have been highly lucrative product segment. The demand for rubble sacks is expected to grow remarkably in the near future. The enormous revenue potential in this segment is on the back of the adoption of rubble sacks for storing garden waste and ordinary household. The material is characterized by high puncture and tear resistance, making them sturdy for wide range of packaging applications.

Plastic Bags & Sacks Market: Key Drivers

• Sales of consumer products have proliferated in e-commerce channels. A burgeoning online retail industry in several economies over the past few decades is a key trend bolstering the prospects of the plastic bags & sacks market.
• Rise in consumer spending for shopping supermarkets, hypermarkets, and convenience stores, coupled with changing shopping habits, is a key trend that is expanding for avenues players in the plastic bags & sacks market.

How Plastic Bags & Sacks Market will recover after covid19 – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=9284

Plastic Bags & Sacks Market: Regional Growth Dynamics

Opportunities in the Asia Pacific plastic bags & sacks market are expanding at a promising pace during the forecast period. The regional market, project TMR analysts, is projected to reach US$ 8.6 Bn by the end of 2026. In particular, the demand for plastic bags and sacks has been rising rapidly to meet the consumption of apparel and electronics. A booming modern retail in the emerging economies has catalyzed generation of profitable opportunities for players in the regional market.

Plastic Bags & Sacks Market: Competition Landscape

The TMR study on the market found that in 2021 the leading five players jointly accounted for nearly 12% of the plastic bags & sacks market. Some of the prominent companies in the plastic bags & sacks market are Starlinger & Co Gesellschaft M.B.H, BioBag Americas, Inc., Hanoi Plastic Bag JSC, Bischof & Klein GmbH & Co. KG, Interplast Group, Polykar Industries, Inc., BioBag International AS, International Plastics, Inc., Ampac Holdings LLC, Mondi Group, Mondi Group, and Berry Global, Inc.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9284

Plastic Bags & Sacks Market Segmentation

Material Type

• Non-Biodegradable

• HDPE
• LDPE
• LLDPE
• PP
• PS

• Bio Degradable

• PLA
• PHS
• PBS
• Starch Blends
• Other Plastics

Enquire before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=9284

Product Type

•  T-Shirt Bags
• Gusseted Bags
• Lay Flat Bags
• Trash Bags
• Rubble Sacks
• Woven Sacks
• Others

Application

• Retail & Consumer Applications

• Grocery Products
• Food & Beverage
• Clothing & Apparel
• Others

• Institutional Services

• Hospitality
• Healthcare
• Others

• Industrial Applications

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Browse Latest Packaging Market Research Reports by TMR:

• Recycled Plastic Bags Market – https://www.transparencymarketresearch.com/recycled-plastic-bags-market.html
• Heavy Duty Bags & Sacks Market – https://www.transparencymarketresearch.com/heavy-duty-bags-sacks-market.html
• Cement Sacks Market – https://www.transparencymarketresearch.com/cement-sacks-market.html

About Transparency Market Research

Transparency Market Research is a global market research report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Website: http://www.transparencymarketresearch.com

Disclaimer: This content is distributed by The GlobeNewswire