Global Eco-friendly Plastic Bags Market Growth 2023-2029

Global Eco-friendly Plastic Bags Market Growth 2023-2029

Eco-friendly Plastic Bags are created using materials that will allow the bags to completely decompose after a period of time. They are also called biodegradable plastic bags, most of which are said to decompose in three years, although many completely disintegrate in less time. The bags leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags require two key elements in order to decompose. The bags need to be exposed to oxygen and light. Therefore, biodegradable plastic bags do not start to decompose from the date of manufacture, only after they have been exposed to light and air.
LPI (LP Information)' newest research report, the “Eco-friendly Plastic Bags Industry Forecast” looks at past sales and reviews total world Eco-friendly Plastic Bags sales in 2022, providing a comprehensive analysis by region and market sector of projected Eco-friendly Plastic Bags sales for 2023 through 2029. With Eco-friendly Plastic Bags sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Eco-friendly Plastic Bags industry.
This Insight Report provides a comprehensive analysis of the global Eco-friendly Plastic Bags landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Eco-friendly Plastic Bags portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Eco-friendly Plastic Bags market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Eco-friendly Plastic Bags and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Eco-friendly Plastic Bags.
The global Eco-friendly Plastic Bags market size is projected to grow from US$ 1647.9 million in 2022 to US$ 2616.1 million in 2029; it is expected to grow at a CAGR of 2616.1 from 2023 to 2029.
Global eco-friendly plastic bags key players include BioBag, Walki Plastiroll Oy, RKW Group, Jiangsu Torise biomaterials, JUNER Plastic packaging, etc. Global top 5 manufacturers hold a share over 10%.
Europe is the largest market, with a share about 55%, followed by North America and China, both have a share about 30 percent.
In terms of product, starch blends is the largest segment, with a share over 45%. And in terms of application, the largest application is convenient for shopping, followed by food packaging.
This report presents a comprehensive overview, market shares, and growth opportunities of Eco-friendly Plastic Bags market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Polylactic acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others
Segmentation by application
Food Packaging
Industrial Packaging
Convenient for Shopping
Garbage Containing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BioBag
Walki Plastiroll Oy
RKW Group
Jiangsu Torise biomaterials
JUNER Plastic packaging
Chnpack
Symphony Polymers
EnviGreen
XCBIO
Polybags
BioPak
Scanlux Packaging

Key Questions Addressed in this Report
What is the 10-year outlook for the global Eco-friendly Plastic Bags market?
What factors are driving Eco-friendly Plastic Bags market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Eco-friendly Plastic Bags market opportunities vary by end market size?
How does Eco-friendly Plastic Bags break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.