Market Overview:
The global plastic bag market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as, increasing demand for bio-based plastics, rising awareness about environment conservation and growing application areas of plastic bags. However, volatility in prices of raw materials and stringent government regulations are some of the major factors restraining the growth of this market. Based on type, PE bags held a dominant share in 2017 and is expected to maintain its dominance during the forecast period. PP bags are projected to be the fastest growing segment due to their properties such as high strength-to-weight ratio and resistance against chemicals.
Product Definition:
A plastic bag is a type of container made of thin, flexible plastic film, typically used to store lightweight items.
PE:
Polyethylene or PE is a polymer with the formula (CH2)n, where n is usually 2 but can be any number. It has been called the plastic of last resort because it is used in almost every type of consumer product under the sun. From milk bottles to shampoo bottles and beyond, PE dominates plastics market due to its versatility and low cost compared to other materials such as polycarbonate or PVC.
PP:
Polypropylene (PP) is a lightweight, strong, and durable plastic. It can be easily recycled and has excellent chemical & temperature resistance properties. PP bags are used for packaging various products such as frozen food, meat & seafood, bread & bakery items among others.
The global polypropylene market size was valued at USD 33 billion in 2015.
Application Insights:
The food packaging and fresh keeping application segment led the market in 2017. This is attributed to increasing demand for packaged foods across the globe. The daily chemical packaging application segment is expected to witness significant growth over the forecast period owing to rising demand for products with single-use functionality, such as personal care & cosmetics and household cleaners among others.
The medical care segment is projected to exhibit a CAGR of XX% from 2018 to 2030 on account of high usage rates of polyethylene bags in healthcare industry for various purposes including storing blood samples at hospitals and clinics among others. Increasing use of plastics in medical applications has resulted in higher product consumption globally which will drive growth over the forecast period significantly.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of plastic production owing to cheap labor cost, availability of raw materials, and low manufacturing cost as compared to other regions. China is one of the largest producers and consumers of plastic bags across Asia Pacific.
The government has imposed restrictions on single-use plastics in an attempt to reduce pollution caused by these products such as disposable coffee cups, plates, cutlery etc., which will positively impact market growth over the forecast period.
Growth Factors:
- Increasing population and disposable income: The global population is projected to grow from 7.3 billion in 2014 to 9.7 billion by 2050, according to the United Nations Department of Economic and Social Affairs (UNDESA). This will result in an increase in demand for consumer goods, including plastic bags. At the same time, rising incomes will lead to increased consumption of packaged products that are often supplied with plastic bags.
- Urbanization: As more people move into cities, there is an increasing demand for convenient packaging solutions such as plastic bags that can be used for multiple purposes. In addition, growing awareness about the environmental impact of traditional packaging materials such as paper and cardboard is prompting consumers to switch to reusable alternatives like plastic bags.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Bag Market Research Report
By Type
PE, PP, Bio Plastics, Others
By Application
Food Packaging & Fresh Keeping, Fiber Products Packaging, Daily Chemical Packaging, Convenient for Shopping, Gift Etc, Garbage & Other Use, Medical Care, Others
By Companies
Novolex, Advance Polybag, Superbag, Unistar Plastics, NewQuantum, Cardia Bioplastics, Olympic Plastic Bags, T.S.T Plaspack, Sahachit Watana, Xtex Polythene, Papier-Mettler, Biobag, Thantawan, Shenzhen Zhengwang, Rongcheng Libai, DDplastic, Jiangsu Torise, Dongguan Xinhai, Shangdong Huanghai, Shenzhen Sanfeng, Leyi, Rizhao Huanuo, Huili, Weifang Baolong, Weifang Longpu, Tianjin Huijin
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Bag Market Report Segments:
The global Plastic Bag market is segmented on the basis of:
Types
PE, PP, Bio Plastics, Others
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
Food Packaging & Fresh Keeping, Fiber Products Packaging, Daily Chemical Packaging, Convenient for Shopping, Gift Etc, Garbage & Other Use, Medical Care, Others
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:
- Novolex
- Advance Polybag
- Superbag
- Unistar Plastics
- NewQuantum
- Cardia Bioplastics
- Olympic Plastic Bags
- T.S.T Plaspack
- Sahachit Watana
- Xtex Polythene
- Papier-Mettler
- Biobag
- Thantawan
- Shenzhen Zhengwang
- Rongcheng Libai
- DDplastic
- Jiangsu Torise
- Dongguan Xinhai
- Shangdong Huanghai
- Shenzhen Sanfeng
- Leyi
- Rizhao Huanuo
- Huili
- Weifang Baolong
- Weifang Longpu
- Tianjin Huijin
Highlights of The Plastic Bag 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:
- PE
- PP
- Bio Plastics
- Others
- By Application:
- Food Packaging & Fresh Keeping
- Fiber Products Packaging
- Daily Chemical Packaging
- Convenient for Shopping, Gift Etc
- Garbage & Other Use
- Medical Care
- Others
- 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 Bag 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.
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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?
A plastic bag is a thin, lightweight sheet of plastic that is often used to store items such as groceries or clothes.
Some of the major companies in the plastic bag market are Novolex, Advance Polybag, Superbag, Unistar Plastics, NewQuantum, Cardia Bioplastics, Olympic Plastic Bags, T.S.T Plaspack, Sahachit Watana, Xtex Polythene, Papier-Mettler, Biobag, Thantawan, Shenzhen Zhengwang, Rongcheng Libai, DDplastic, Jiangsu Torise, Dongguan Xinhai, Shangdong Huanghai, Shenzhen Sanfeng, Leyi, Rizhao Huanuo, Huili, Weifang Baolong, Weifang Longpu, Tianjin Huijin.
The plastic bag market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Bag Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Bag Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Bag Market - Supply Chain
4.5. Global Plastic Bag Market Forecast
4.5.1. Plastic Bag Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Bag Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Bag Market Absolute $ Opportunity
5. Global Plastic Bag Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plastic Bag Market Size and Volume Forecast by Type
5.3.1. PE
5.3.2. PP
5.3.3. Bio Plastics
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Bag Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plastic Bag Market Size and Volume Forecast by Application
6.3.1. Food Packaging & Fresh Keeping
6.3.2. Fiber Products Packaging
6.3.3. Daily Chemical Packaging
6.3.4. Convenient for Shopping, Gift Etc
6.3.5. Garbage & Other Use
6.3.6. Medical Care
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Bag Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plastic Bag Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plastic Bag Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plastic Bag Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plastic Bag Demand Share Forecast, 2019-2026
9. North America Plastic Bag Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plastic Bag Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plastic Bag Market Size and Volume Forecast by Application
9.4.1. Food Packaging & Fresh Keeping
9.4.2. Fiber Products Packaging
9.4.3. Daily Chemical Packaging
9.4.4. Convenient for Shopping, Gift Etc
9.4.5. Garbage & Other Use
9.4.6. Medical Care
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Bag Market Size and Volume Forecast by Type
9.7.1. PE
9.7.2. PP
9.7.3. Bio Plastics
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plastic Bag Demand Share Forecast, 2019-2026
10. Latin America Plastic Bag Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plastic Bag Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plastic Bag Market Size and Volume Forecast by Application
10.4.1. Food Packaging & Fresh Keeping
10.4.2. Fiber Products Packaging
10.4.3. Daily Chemical Packaging
10.4.4. Convenient for Shopping, Gift Etc
10.4.5. Garbage & Other Use
10.4.6. Medical Care
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Bag Market Size and Volume Forecast by Type
10.7.1. PE
10.7.2. PP
10.7.3. Bio Plastics
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plastic Bag Demand Share Forecast, 2019-2026
11. Europe Plastic Bag Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plastic Bag Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plastic Bag Market Size and Volume Forecast by Application
11.4.1. Food Packaging & Fresh Keeping
11.4.2. Fiber Products Packaging
11.4.3. Daily Chemical Packaging
11.4.4. Convenient for Shopping, Gift Etc
11.4.5. Garbage & Other Use
11.4.6. Medical Care
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Bag Market Size and Volume Forecast by Type
11.7.1. PE
11.7.2. PP
11.7.3. Bio Plastics
11.7.4. Others
11.8. asis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plastic Bag Demand Share, 2019-2026
12. Asia Pacific Plastic Bag Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plastic Bag Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plastic Bag Market Size and Volume Forecast by Application
12.4.1. Food Packaging & Fresh Keeping
12.4.2. Fiber Products Packaging
12.4.3. Daily Chemical Packaging
12.4.4. Convenient for Shopping, Gift Etc
12.4.5. Garbage & Other Use
12.4.6. Medical Care
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Bag Market Size and Volume Forecast by Type
12.7.1. PE
12.7.2. PP
12.7.3. Bio Plastics
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plastic Bag Demand Share, 2019-2026
13. Middle East & Africa Plastic Bag Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plastic Bag Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plastic Bag Market Size and Volume Forecast by Application
13.4.1. Food Packaging & Fresh Keeping
13.4.2. Fiber Products Packaging
13.4.3. Daily Chemical Packaging
13.4.4. Convenient for Shopping, Gift Etc
13.4.5. Garbage & Other Use
13.4.6. Medical Care
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Bag Market Size and Volume Forecast by Type
13.7.1. PE
13.7.2. PP
13.7.3. Bio Plastics
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plastic Bag Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Bag Market: Market Share Analysis
14.2. Plastic Bag Distributors and Customers
14.3. Plastic Bag Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Novolex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Advance Polybag
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Superbag
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Unistar Plastics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NewQuantum
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cardia Bioplastics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Olympic Plastic Bags
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. T.S.T Plaspack
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sahachit Watana
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Xtex Polythene
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Papier-Mettler
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Biobag
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thantawan
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shenzhen Zhengwang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rongcheng Libai
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. DDplastic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jiangsu Torise
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Dongguan Xinhai
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Shangdong Huanghai
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shenzhen Sanfeng
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook