About Plastic Bag and Sack
The demand for plastic bags and sacks is predicted to rise as their use as inexpensive marketing tools increases. Polybag is another name for a plastic bag or sack that is made entirely of thin plastic film. In the packaged goods business, plastic bags and sacks are frequently used to package goods including stationery, clothing, fresh produce, and packaged food. These bags are flexible and tear-resistant, and they are remarkably clear. Additionally, it offers better moisture barrier qualities. Some of the key industrial applications for plastic bags and sacks include retail and consumer, food and beverage, institutional services, and other industries.
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The market for the plastic bags and sacks is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AEP Industries, Inc. (US), Arihant Packaging (India), Mondi Ltd. (UK), Novolex (US), ProAmpac (US), Schur Flexibles Holding GesmbH (Germany), Starlinger & Co Gesellschaft m.b.H. (Austria), Berry Plastics Corporation (US), Bischof + Klein SE & Co. KG (France), Danang Rubber Joint Stock Company (Vietnam), Goglio SpA (Italy), Hanoi Plastic Bag JSC (Vietnam), Inteplast Group (US), AlphaPoly Packaging (Canada) and Gesellschaft GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Danang Plastic Joint Stock Company (Vietnam), Portco Packaging (US), Wisconsin Film & Bag (US), Bulldog Bag (Canada) and Orion Plastics (Canada).
AMA Research has segmented the market of Global Plastic Bag and Sack market by Type (Danang Plastic Joint Stock Company (Vietnam), Portco Packaging (US), Wisconsin Film & Bag (US), Bulldog Bag (Canada) and Orion Plastics (Canada)), Application (Retail & Consumer Applications, Institutional Services and Industrial Applications) and Region.
On the basis of geography, the market of Plastic Bag and Sack has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Gusseted Bags will boost the Plastic Bag and Sack market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Plastic Bag and Sack Market Dynamics:
- Market expansion will be fuelled by an increase in demand for plastic bags and sacks from food and beverage, grocery, clothes and apparel, and consumer goods.
- The enormous need for convenient packaging has aided the expansion of the plastic bag and sack market.
- The demand for plastic bags and sacks is predicted to rise as their use as inexpensive marketing tools increases.
- Paper bags are being used in packaging businesses to replace plastic bags stymies the market growth
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- Growing environmental concerns brought on by the extensive usage of non-biodegradable materials in the manufacture of plastic bags and sacks will impede market expansion for bags and sacks.
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- A key factor driving the market is anticipated to be the increased requirement to lighten packaging
Market Leaders and their expansionary development strategies
In April 2021, SPhere Group (Europe) finalised the acquisition of UK flexible packaging company. Through this acquisition, SPhere Group (Europe) will be able to increase its manufacturing capacity and seize a new market for company growth.
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.