Global Environmentally Friendly Plastic Bags Market Growth 2024-2030

Global Environmentally Friendly Plastic Bags Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Environmentally Friendly Plastic Bags market size was valued at US$ 1647.9 million in 2023. With growing demand in downstream market, the Environmentally Friendly Plastic Bags is forecast to a readjusted size of US$ 2145 million by 2030 with a CAGR of 3.8% during review period.

The research report highlights the growth potential of the global Environmentally Friendly Plastic Bags market. Environmentally Friendly Plastic Bags are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Environmentally Friendly Plastic Bags. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Environmentally Friendly Plastic Bags market.

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.

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.

Key Features:

The report on Environmentally Friendly Plastic Bags market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Environmentally Friendly Plastic Bags market. It may include historical data, market segmentation by Type (e.g., Polylactic acid (PLA), Polyhydroxyalkanoate (PHA)), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Environmentally Friendly Plastic Bags market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Environmentally Friendly Plastic Bags market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Environmentally Friendly Plastic Bags industry. This include advancements in Environmentally Friendly Plastic Bags technology, Environmentally Friendly Plastic Bags new entrants, Environmentally Friendly Plastic Bags new investment, and other innovations that are shaping the future of Environmentally Friendly Plastic Bags.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Environmentally Friendly Plastic Bags market. It includes factors influencing customer ' purchasing decisions, preferences for Environmentally Friendly Plastic Bags product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Environmentally Friendly Plastic Bags market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Environmentally Friendly Plastic Bags market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Environmentally Friendly Plastic Bags market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Environmentally Friendly Plastic Bags industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Environmentally Friendly Plastic Bags market.

Market Segmentation:

Environmentally Friendly Plastic Bags market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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
Novolex
EnviGreen
BASF
Plastiroll
Sahachit
Xtex Polythene
RKW
Abbey Polythene
Sarah Bio Plast
Bulldog Bag
Symphony Polymers
Jiangsu Torise biomaterials
JUNER Plastic packaging

Key Questions Addressed in this Report

What is the 10-year outlook for the global Environmentally Friendly Plastic Bags market?

What factors are driving Environmentally Friendly Plastic Bags market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Environmentally Friendly Plastic Bags market opportunities vary by end market size?

How does Environmentally Friendly Plastic Bags break out type, application?

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