Global Plastic Bag Market Growth 2023-2029

Global Plastic Bag Market Growth 2023-2029

A plastic bag is a type of container made of thin, flexible, plastic film, nonwoven fabric, or plastic textile. Plastic bags are used for containing and transporting goods such as foods, produce, powders, ice, magazines, chemicals, and waste. It is a common form of packaging.

LPI (LP Information)' newest research report, the “Plastic Bag Industry Forecast” looks at past sales and reviews total world Plastic Bag sales in 2022, providing a comprehensive analysis by region and market sector of projected Plastic Bag sales for 2023 through 2029. With Plastic Bag sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Bag industry.

This Insight Report provides a comprehensive analysis of the global Plastic Bag 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 Plastic Bag portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Bag market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Bag 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 Plastic Bag.

The global Plastic Bag market size is projected to grow from US$ 3945.2 million in 2022 to US$ 3483.2 million in 2029; it is expected to grow at a CAGR of 3483.2 from 2023 to 2029.

Asia-Pacific is the largest Plastic Bag market with about 48% market share. Europe is follower, accounting for about 18% market share.

The key players are Novolex, Advance Polybag, Superbag, Unistar Plastics, NewQuantum, Cardia Bioplastics, Olympic Plastic Bags, T.S.T Plaspack, Sahachit Watana, Xtex Polythene, Papier-Mettler, Biobag, Thantawan, Shenzhen Zhengwang, Rongcheng Libai, DDplastic, Jiangsu Torise, Dongguan Xinhai, Shangdong Huanghai, Shenzhen Sanfeng, Leyi, Rizhao Huanuo, Huili, Weifang Baolong, Weifang Longpu, Tianjin Huijin etc. Top 3 companies occupied about 63% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Bag market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

PE

PP

Bio Plastics

Others

Segmentation by application

Food Packaging & Fresh Keeping

Fiber Products Packaging

Daily Chemical Packaging

Convenient for Shopping, Gift Etc

Garbage & Other Use

Medical Care

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.

Novolex

Advance Polybag

Superbag

Unistar Plastics

NewQuantum

Cardia Bioplastics

Olympic Plastic Bags

T.S.T Plaspack

Sahachit Watana

Xtex Polythene

Papier-Mettler

Biobag

Thantawan

Shenzhen Zhengwang

Rongcheng Libai

DDplastic

Jiangsu Torise

Dongguan Xinhai

Shangdong Huanghai

Shenzhen Sanfeng

Leyi

Rizhao Huanuo

Huili

Weifang Baolong

Weifang Longpu

Tianjin Huijin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plastic Bag market?

What factors are driving Plastic Bag market growth, globally and by region?

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

How do Plastic Bag market opportunities vary by end market size?

How does Plastic Bag 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.