Industrial Plastic Bags Market Analysis

With global industrial packaging growing at a CAGR of over 4% is expected to reach over 80 Bn by the end of forecast period. Increasing demand for food & beverages, grocery, dairy products are expected to fuel the growth of industrial plastic bags market. The factors accentuating the market growth of the industrial plastic bags are rapid industrialization, rising demand of consumer goods, increase in retail outlets etc. Increased traction of industrial plastic bags in humid regions for providing protection against rain, moisture and other liquid contents is expected to propel the demand in industrial plastic bags market. Factors such as abrasion resistance, moisture resistance will drive the growth of industrial plastic bags market. In addition to the barrier properties, industrial plastic bags are easy to open and pack which in turn increases the efficiency of the manufacturers. Furthermore, another factor that is leading to the increase in demand of industrial plastic bags is the growth of healthcare industries and pharmaceuticals and the popularity of using convenient packaging solutions. Industrial plastic bags are recyclable and reusable which helps in driving the market value of industrial plastic bags. Consumer preferences towards bio-degradable industrial plastic bags may incline the manufacturers to focus on innovation and technology. Moreover, reduced prices of crude oil in developing economy is expected to increase the momentum of industrial plastic bags market attributed to cheap availability of raw materials.

However, stringent government policies against using plastic bags may hamper the market share of industrial plastic bags. Furthermore, industrial plastic bags are non-bio-degradable which may affect the eco-system if not disposed of properly.

Industrial plastic bags: Market segmentation

Industrial plastic bags is segmented on the basis of material type, product type and end use.

Industrial plastic bags: Regional outlook

Industrial plastic bags market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. APEJ region is estimated to account for the majority of market share in industrial plastic bags market due to the growth of food and beverages sectors. North America region is anticipated to register above-average CAGR due to rapid urbanization and growth of retail and supermarket in the region. Western Europe region is expected to register above-average CAGR attributed to the growth of electronics sector. MEA region is expected to attribute below average CAGR due to the stagnant economy.

Industrial plastic bags: Key players

Some of the key players in the field of industrial plastic bags market are Mondi plc, Ampac Holdings LLC, Interplast Group, Dana Poly Inc., Packaging Industries Ltd., Rutan Poly Industries, Inc., New York Packaging & RediBagUSA, Lindamar Industries.   

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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