Published on : Jun 20, 2016
The global plastic bags and sacks market has been exhibiting significant rise over the past few years, thanks to the extensive demand for plastic bags and sacks. Plastic bags and sacks are the most common type of minimized packaging made up of thin and flexible plastic materials. These bags and sacks are utilized to carry goods across various end-use industries, such as food and beverages, chemicals, pharmaceuticals, industrial products, hospitality, and medical and healthcare. As plastic bags and sacks consume very less raw materials as compared to other packaging products such as cartoons, boxes, and jars.
Europe to Acquire Dominance in Global Plastic Bags and Sacks Market
North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa are the key regional markets for bags and sacks. Europe is likely to dominate the global market for plastic bags and sacks market and is expected to be closely followed by North America. Asia Pacific is also estimated to rise at a healthy growth rate and is projected to emerge as the most attractive region in the overall market over the next few years.
Increasing Demand for Food and Beverages, Grocery, and Consumer Goods to Propel Utilization of Plastic Bags and Sacks
The increasing demand for food and beverages, grocery, and a various consumer goods across the world, followed by a significant rise in the number of modern retail channels such as supermarkets, hypermarkets, and convenience stores are likely to propel the utilization of plastic bags and sacks remarkably in the global arena. However, stringent norms and policies regarding the usage of plastics, regulatory landscape, and actively imposed bans on the practice of single-use plastic bags are expected to create severe challenges for the manufacturers of plastic bags and sacks worldwide.
AEP Industries Inc., Berry Plastics Inc., Novolex, Bischof & Klein GmbH & Co. KG, Starlinger & Co Gesellschaft M.B.H, Hanoi Plastic Bag JSC, Goglio Group, Arihant Packaging, and Schur Flexibles Group are the leading producers of plastic bags and sacks across the world.