The plastic packaging sacks market size will record an incremental growth of USD 1.31 billion and a CAGR of 2% during 2020-2024.

This market report entails segmentation by end-user (construction, chemicals and fertilizers, horticulture, food, and others) and geography (APAC, Europe, North America, South America, and MEA). 

The plastic packaging sacks market report also analyzes the market's competitive landscape and offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., El Dorado Packaging, Global-Pak LLC, Greif Inc., International Plastics Inc., LC Packaging International BV, Mondi Group, Compagnie de Saint-Gobain SA, and Sonoco Products Co.

What will the Plastic Packaging Sacks Market Size be in 2020?

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Overview of Competitive Analysis

The plastic packaging sacks market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies.

The market structure is fragmented. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this plastic packaging sacks market analysis report. Factors such as the Increased use of plastic sacks in the construction sector will offer immense growth opportunities. The report also covers challenges and strategies to dodge them, which will help vendors in recreating their plan of action to obtain growth opportunities in the future.

To make the most of the opportunities, vendors should also capitalize on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The plastic packaging sacks market forecast report offers insights on post-COVID-19 impact on each product and service segment.

Which are the Key Regional Markets for Plastic Packaging Sacks Market?

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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the plastic packaging sacks market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand for plastic packaging sacks from food and beverage industry will significantly influence plastic packaging sacks market growth in this region.  

43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for plastic packaging sacks market in the region. This report provides estimations of the contribution of all regions to the growth of the plastic packaging sacks market size.

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What are the Key Factors Covered in this Plastic Packaging Sacks Market Report?

• CAGR of the market during the forecast period 
• Detailed information on factors that will drive plastic packaging sacks market growth during the next five years
• Precise estimation of the size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plastic packaging sacks market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of plastic packaging sacks market vendors

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