Plastic Bags and Sacks Market, By Product Type, Application and Region - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025, the plastic bags and sacks market was valued at US$ 18.9 Bn in 2015, and is expected to reach US$ 35.6 Bn by 2025, expanding at a CAGR of 4.2% from 2015 to 2025.
A polybag or plastic bag is comprised of thin, flexible, nonwoven fabric and is generally used to carry and transport products from one place to another. Apart from the daily usage by consumers, plastic bags and sacks are highly utilized by various number of end user industry such as food and beverage, chemicals, healthcare, and others. Enhancement in global economic scenario as well as increase in standard of living of middle class population in developing countries such as in India is anticipated to impel the growth of plastic bags and sacks market growth over the forecast period. Apart from this, changing lifestyle and increasing urbanization is expected to stimulate the growth of plastic bags and sacks market over the forecast period.
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Significant growth in retail sector as well as rising number of retail chains such as hypermarket and supermarkets, and convenience stores has impelled the growth of plastic bags and sacks all across the globe over the past few years. Besides this, increasing personal disposable income as well as rising purchasing power of households especially in Asian countries such as India and China is leading to rising demand for convenient and cost effective bags. This is expected to impel the plastic bags and sacks market growth.
• New product development
• Merger and Acquisitions
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1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Plastic Bags and Sacks Market Snapshot
2.1.1. Global Plastic Bags and Sacks Market by Product Type,2015
2.1.2. Global Plastic Bags and Sacks Market by Application,2015
2.1.3. Global Plastic Bags and Sacks Market by Geography,2015
3. Global Plastic Bags and Sacks Market Dynamics
3.1. Market Overview
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges During the Forecast Period, (2015 - 2025)
3.6. Market Positioning of Key Biotech-flavor Companies, 2015
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