Market Overview:
The global plastic bags & sacks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for plastic bags and sacks from various end-use industries, such as food & beverage, retail, and pharmaceuticals. In addition, the growing awareness about the benefits of using plastic bags and sacks is also contributing to the growth of this market. On the basis of type, the global plastic bags & sacks market can be segmented into fresh fish balls and frozen fish balls. The fresh fish balls segment is projected to grow at a higher CAGR than that of frozen fish balls during the forecast period from 2018 to 2030. This growth can be attributed to factors such as rising demand for seafood products across regions and increasing disposable income levels in developing countries.
Product Definition:
A plastic bag is a type of container made of thin, flexible plastic film, nonwoven fabric, or laminated paper. Plastic bags are commonly used to carry items such as groceries, produce, and meat from a store to the consumer's home. They are also used as garbage bags.
Fresh Fish Balls:
Fresh fish balls, also known as fishballs or fudge are a traditional dish from the Chinese cuisine. The dish is usually made up of dried and fermented fish (usually anchovy) along with some other ingredients such as vegetables, eggs and seasonings which gives it a rich taste. The freshness factor in this product makes it different from the frozen variety available in stores. It can be consumed alone or used to make various dishes such as fried rice, soup stock etc.
Frozen Fish Balls:
Frozen fish balls are made from a variety of species such as anchovy, capelin, menhaden and sardine. Fish ball is basically a mixture of fish meat (about 40%), water, salt and other ingredients. The product has high nutritional value with vitamins & proteins which makes it an essential food for human consumption along with its usage in the pet food industry.
Application Insights:
The demand for plastic bags and sacks is increasing in hypermarkets, supermarkets and departmental stores. The application of the product is getting widespread in these stores as they offer an economical alternative to replace paper or cloth shopping bags. Moreover, the use of plastic bags provides a cleaner look inside the store as compared to traditional reusable shopping bags.
Online retailing has emerged as a potential threat to traditional retail models with an increase in e-commerce penetration across countries such as India, China and Australia over the past few years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030 owing to growing consumer spending on food, which is one of the major application of plastic bags & sacks. Increasing number of supermarkets and hypermarkets in India as well as China owing to growing middle-class population is expected to have a positive impact on industry growth over the next eight years.
North America region accounted for more than 15% share in 2017 due to high demand from online retailers such as Amazon, Flipkart, Grocery Outlet and others. Rising penetration rate of online shopping has increased significantly since 2010s; therefore it can be said that North America region has been penetrated by plastic bags & sack industry very recently compared with other regions mentioned above. This factor will also contribute towards steady growth during forecast period till 2030 AD to grow at an estimated CAGR over 8%.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, agriculture, and retail sectors
- Rising awareness about the benefits of using plastic bags and sacks among consumers
- Proliferation of small and medium enterprises (SMEs) in the market
- Growing investments by leading players in research and development (R&D) activities
- Expansion of distribution channels across regions
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Bags & Sacks Market Research Report
By Type
Fresh Fish Balls, Frozen Fish Balls
By Application
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
By Companies
Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Bags & Sacks Market Report Segments:
The global Plastic Bags & Sacks market is segmented on the basis of:
Types
Fresh Fish Balls, Frozen Fish Balls
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super/ Hyper Stores, Department Stores, Grocery, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ha Li Fa
- HAKKA
- BoBo
- Wai Yee Hong
- Heuschen Schrouff
Highlights of The Plastic Bags & Sacks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fresh Fish Balls
- Frozen Fish Balls
- By Application:
- Super/ Hyper Stores
- Department Stores
- Grocery
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Bags & Sacks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic bags and sacks are made of plastic, typically a synthetic polymer. They are often used to store items like groceries or clothing.
Some of the major companies in the plastic bags & sacks market are Ha Li Fa, HAKKA, BoBo, Wai Yee Hong, Heuschen Schrouff.
The plastic bags & sacks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Bags & Sacks Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Plastic Bags & Sacks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Plastic Bags & Sacks Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Plastic Bags & Sacks Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Plastic Bags & Sacks Market Size & Forecast, 2020-2028 4.5.1 Plastic Bags & Sacks Market Size and Y-o-Y Growth 4.5.2 Plastic Bags & Sacks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fresh Fish Balls
5.2.2 Frozen Fish Balls
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Super/ Hyper Stores
6.2.2 Department Stores
6.2.3 Grocery
6.2.4 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Bags & Sacks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Bags & Sacks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fresh Fish Balls
9.6.2 Frozen Fish Balls
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Super/ Hyper Stores
9.10.2 Department Stores
9.10.3 Grocery
9.10.4 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fresh Fish Balls
10.6.2 Frozen Fish Balls
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Super/ Hyper Stores
10.10.2 Department Stores
10.10.3 Grocery
10.10.4 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fresh Fish Balls
11.6.2 Frozen Fish Balls
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Super/ Hyper Stores
11.10.2 Department Stores
11.10.3 Grocery
11.10.4 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fresh Fish Balls
12.6.2 Frozen Fish Balls
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Super/ Hyper Stores
12.10.2 Department Stores
12.10.3 Grocery
12.10.4 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fresh Fish Balls
13.6.2 Frozen Fish Balls
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Super/ Hyper Stores
13.10.2 Department Stores
13.10.3 Grocery
13.10.4 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Bags & Sacks Market: Competitive Dashboard
14.2 Global Plastic Bags & Sacks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ha Li Fa
14.3.2 HAKKA
14.3.3 BoBo
14.3.4 Wai Yee Hong
14.3.5 Heuschen Schrouff