Plastic Bags & Sacks Market Size, Share & Trends Analysis Report By Material (Non-Biodegradable, Biodegradable), By Product (Trash Bags, Rubble Sacks, Woven Sacks), By Application, By Region, And Segment Forecasts, 2024 - 2030

Plastic Bags & Sacks Market Size, Share & Trends Analysis Report By Material (Non-Biodegradable, Biodegradable), By Product (Trash Bags, Rubble Sacks, Woven Sacks), By Application, By Region, And Segment Forecasts, 2024 - 2030

Plastic Bags & Sacks Market Growth & Trends

The global plastic bags & sacks market size is anticipated to reach USD 34.21 billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The retail sector is one of the primary market growth drivers. Plastic bags are widely used for carrying and transporting goods purchased from supermarkets, shopping malls, and retail outlets. Their lightweight nature, durability, and ease of use make them an ideal choice for retailers and consumers. The rise of e-commerce and online shopping has further fueled the demand for plastic bags and sacks as they are commonly used for packaging and shipping products.

The food and beverage industry heavily relies on plastic bags and sacks for packaging and preserving products. These materials offer protection against moisture, air, and contamination, extending the shelf life of perishable goods. Additionally, plastic bags are used for packaging snacks, confectionery items, and other dry food products. For example, the increasing popularity of ready-to-eat and convenience foods has contributed to the growth of the plastic bags and sacks market.

The healthcare and pharmaceutical industries have stringent requirements for maintaining hygiene and preventing contamination. Plastic bags and sacks are widely used for packaging and transporting medical supplies, medications, and other healthcare products. Their sterile and temper-evident nature makes them indispensable in these industries. For instance, plastic bags are commonly used for collecting and disposing of medical waste in hospitals and healthcare facilities.

The regulatory environment surrounding plastic bags and sacks varies across regions and countries. In some areas, regulations have been implemented to discourage the use of single-use plastic bags, while in others, there have been efforts to promote the use of reusable or biodegradable alternatives. These varying regulations have influenced market dynamics, driving innovation and adaptation within the plastic bags & sacks industry to comply with local laws and consumer preferences.

Major players operating in the plastic bags & sacks industry are undertaking different strategies such as product launches, mergers, joint ventures, acquisitions, and geographical expansions. For instance, in March 2023, ClearBags launched home compostable child-resistant bags as part of their sustainable packaging options. These bags are designed to completely break down in a home composting environment, offering an eco-friendly alternative. They provide high barrier protection against oxygen, scents, and moisture to maintain the quality and freshness of the packaged contents. ClearBags' child-resistant bags are coated with a proprietary substance that ensures excellent barrier protection.

Plastic Bags & Sacks Market Report Highlights

• Non-biodegradable dominated the material segment with more than 84.0% share in 2023. Non-biodegradable plastics are generally cheaper to produce compared to biodegradable alternatives, making them more attractive for manufacturers in terms of cost savings.
• The biodegradable material segment is expected to grow at a fastest CAGR over the forecast period, due to growing concern for the environment and the need to reduce the impact of packaging waste on climate and ecosystems.
• The t-shirt bags product segment registered the largest market share around the 42.0%. The rubble sacks product segment is estimated to grow at a faster CAGR from 2024 to 2030.
• The retail consumer application segment held the largest market share of over 69.0% in 2023 and is anticipated to witness the fastest CAGR over the forecast period.
• Asia Pacific dominated the market for plastic bags & sacks, owing to growing retail and e-commerce sectors across the region. Moreover, increasing demand of plastic bags & sacks from various industries, including food & beverages, healthcare, and construction is driving the market’s growth.
• In April 2023, Beyond the Bag Consortium, managed by Closed Loop Partners, launched its largest reusable bag pilots to reduce single-use plastic bags in the U.S. This initiative involves two pilots, namely the Bring Your Own Bag Pilot, focusing on encouraging customers to bring reusable bags, and the Returnable Bag Pilot, offering a new reusable bag solution for customers who forget their bags. Retailers such as CVS Health, Target, Walmart, and others are actively involved in testing these solutions to combat plastic waste.

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