The single-use plastic bags market size has the potential to grow by USD 0.66 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. This report provides a detailed analysis of the market by APAC, Europe, North America, South America, and MEA and application (retail and consumer and industrial and institutional). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Amcor Plc, Amerplast Ltd., Berry Global Group Inc., Dana Poly Inc., Hanoi Plastic Bag JSC, International Plastics Inc., Mondi Group, ProAmpac Intermediate Inc., Rutan Poly Industries Inc., and Winpak Ltd.
Market Overview
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Market Competitive Analysis
The market is fragmented. Amcor Plc, Amerplast Ltd., Berry Global Group Inc., Dana Poly Inc., Hanoi Plastic Bag JSC, International Plastics Inc., Mondi Group, ProAmpac Intermediate Inc., Rutan Poly Industries Inc., and Winpak Ltd. are some of the major market participants. Factors such as advantages of plastic bags over their alternatives, increasing demand for logistics and warehousing, and demand for lightweight packaging from different sectors will offer immense growth opportunities. However, volatility in raw material prices, increasing focus on reducing the use of plastic packaging, and stringent regulations on manufacturing plastic packaging may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this single-use plastic bags market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this single-use plastic bags market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Amcor Plc
- Amerplast Ltd.
- Berry Global Group Inc.
- Dana Poly Inc.
- Hanoi Plastic Bag JSC
- International Plastics Inc.
- Mondi Group
- ProAmpac Intermediate Inc.
- Rutan Poly Industries Inc.
- Winpak Ltd.
Single-use Plastic Bags Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. increasing vendor initiatives to promote sustainable packaging, growth in the e-commerce industry, and increasing demand for biodegradable plastic bags will significantly influence single-use plastic bags market growth in this region.
53% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for single-use plastic bags in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the single-use plastic bags market size.
Single-use Plastic Bags Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive single-use plastic bags market growth during the next five years
- Precise estimation of the single-use plastic bags market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the single-use plastic bags 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 single-use plastic bags market vendors
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