Global Plastic Packaging Bags Market Growth 2023-2029

Global Plastic Packaging Bags Market Growth 2023-2029

A plastic bag, poly bag, or pouch 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.
Most plastic bags are heat sealed at the seams, while some are bonded with adhesives or are stitched.
Many countries are introducing legislation to phase-out lightweight plastic bags, because plastic never fully breaks down, causing everlasting pollution of plastics and environmental impacts. Every year, about 1 to 5 trillion plastic bags are used and discarded around the world. From point of sale to destination, plastic bags have a lifetime of 12 minutes. Approximately 320 bags per capita were used in 2014 in the United States of America.
This report focuses on Plastic Packaging Bags volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Plastic Packaging Bags market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, etc.
LPI (LP Information)' newest research report, the “Plastic Packaging Bags Industry Forecast” looks at past sales and reviews total world Plastic Packaging Bags sales in 2022, providing a comprehensive analysis by region and market sector of projected Plastic Packaging Bags sales for 2023 through 2029. With Plastic Packaging Bags sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Packaging Bags industry.
This Insight Report provides a comprehensive analysis of the global Plastic Packaging 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 Plastic Packaging Bags portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Packaging Bags market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Packaging 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 Plastic Packaging Bags.
The global Plastic Packaging Bags market size is projected to grow from US$ 29420 million in 2022 to US$ 39930 million in 2029; it is expected to grow at a CAGR of 39930 from 2023 to 2029.
Global key players of Plastic Packaging Bags include Amcor, Berry Global, Mondi, Sonoco, Papier-Mettler and Novolex, etc. Top three players occupy for a share about 38%. Asia-Pacific is the largest market, with a share about 38%, followed by Europe and North America. In terms of product, PP Plastic Packaging Bags is the largest segment, with a share over 59%. In terms of application, FMCG Industry is the largest market, with a share over 36%.
This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Packaging Bags market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
PP Packaging Bags
PE Packaging Bags
Others
Segmentation by application
FMCG
Consumer Electronics
Agriculture
Pharmaceutical
Industrial Field
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.
Amcor
Berry Global
Mondi
Sonoco
Papier-Mettler
Novolex
Schur Flexibles Group
Saica
Hood Packaging
Constantia Flexibles Group
ProAmpac
LC Packaging
Hanoi Plastic Bag Jsc
Plastic Packaging Technologies
Dongguan Xinhai Environment Friendly Materials
Unistar Plastics
Torise Biomaterials
Advance Polybag
Knack Packaging
Key Questions Addressed in this Report
What is the 10-year outlook for the global Plastic Packaging Bags market?
What factors are driving Plastic Packaging Bags market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Plastic Packaging Bags market opportunities vary by end market size?
How does Plastic Packaging Bags break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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