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Plastic Bags & Sacks Market Outlook: High product demand in the food packaging industry

Author : Ronak Bora | Published Date : 2019-03-26 

Global Market Insights, Inc. adds new Plastic Bags & Sacks Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

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.

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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Asia Pacific, dominated by India and China for plastic bags & sacks market is likely to witness up surging demand due to growing middle-class income and urbanization. In addition, remarkable growth of retail sector coupled with rising government investment in various industries in the region has triggered the product demand.

Plastic bags & sacks market is moderately fragmented as it is characterized by the presence of numerous large & small players. Some of the key players for plastics bag & sacks market include Mondi, Berry, AEP Industries, Alpha Poly, Emmbi Industries, Bischof & Klein, Schur Flexibles, Interplast, Ampac, Novolex, Goglio, Mayur Industries, Dangote, Pebal, Bag JSC and Bag JSC.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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