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Asia Pacific Plastic Bags & Sacks Market Size will show exponential growth in the coming years

Author : Ronak Bora | Published Date : 2019-07-12 

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.

Europe is projected to foresee moderate demand for plastic bags & sacks market due to stiff government regulation on products manufactured from polythene to protect the environment. Recently, France announced the complete ban on polythene from all covered & open-air shops, supermarkets, bakeries, pharmacies, and petrol stations. Only, bag that is thicker than 50 microns will be allowed if they are reusable.

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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.

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 heavyweight 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.

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.

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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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