Plastic Bags & Sacks Market is likely to witness up surging demand due to growing middle-class income and urbanization.
Plastic Bags & Sacks Market size will witness significant growth owing to surge in retail chains including hypermarkets & supermarkets and convenience stores. Growing rush on retail counters is expected to fuel the product demand as these bags are quicker to pack, and open. Hence, for busy cashiers it is an effective solution which can help in moving queues more quickly. It also offers benefits to consumers as these are easy to use, cost-effective and convenient to store.
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Plastic bags & sacks are increasingly being used in day to day activities and various industries such as horticulture, and construction. Increasing demand for food & beverages, grocery and consumer goods will support the industry growth. The need for reducing overall weight of bulk packaging while transporting materials in construction, chemical and fertilizer industry is a key factor driving plastic bags & sacks market. The heavy weight of goods and material on the vehicle increases the load on the roads, thereby damaging them. Plastics knitted pouches are lightweight, have high tensile strength, and improved mechanical properties.
Growth in dairy industry will provide positive outlook for plastic bags & sacks market as it is easy to carry & store liquid & perishable products using polythene. Besides, growing product popularity in humid regions as it provides protection in rains will propel plastic bags & sacks market size. They are also less prone to tearing and can be used for a variety of purposes for storing miscellaneous items. Furthermore, changing consumer lifestyle, rapid industrialization, and declining oil & gas prices in emerging economies are the factors fueling the product demand.
However, stringent government policy on the usage of non-biodegradable items may restrain the plastic bags & sacks market growth. The polythene debris are toxic in nature, if not disposed properly and poses huge threat to the eco system by poisoning wildlife and filling up oceans.
The supply chain involves extraction & refining of crude oil, then it goes for production of fuels, fluff/pellets and other products. It is estimated that around 4% of the annual oil production globally is used for polythene manufacturing. The pellets are then shipped to companies who manufacture several types of polythene packaging materials in different shapes & sizes.
Reasons to Buy This Report:
1. Plastic Bags & Sacks Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Plastic Bags & Sacks Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
Plastic bags & sacks provides resistant to infestation, corrosion, moisture and decay that makes it suitable for packaging of chemicals and fertilizers. It is made from both biodegradable & non-biodegradable materials. Biodegradable material includes starch blend resins, polylactic acid, and poly hydroxy alkanoates. Non-biodegradable material is divided into low density polyethylene, polystyrene, high density polyethylene, linear low-density polyethylene and polypropylene. The non-biodegradable plastic bags & sacks market segment is expected to be the fastest growing industry owing to favorable government norms towards these products as they are ecofriendly and reusable. Additionally, it takes less energy to recycle as compared to glass & metal containers.
Plastic bags & sacks are also used in manufacturing of different end-use products t-shirt, trash bags and rubble & woven pouches. The product is used in retail & consumer, institutional and other industrial applications. Retail & consumer segment is divided into grocery products, food & beverage and clothing & apparel. Institutional segment has two divisions including, hospitals & healthcare facility and hospitality. Hospitals & healthcare facility segment is projected to foresee high growth due to rising pharmaceuticals industry as these products are widely used in packing of medicines, thus driving plastic bags & sacks market demand.
North America, led by the U.S. will witness significant growth for plastic bags & sacks market due to advancement in manufacturing technologies which has enabled vendors to offer variety of options in biodegradable packing. However, few states in the region have passed the legislation, banning the polythene bag usage at large retail stores, which may hamper the industry growth.
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