The market for industrial plastic bags is developing globally due to consumer demand for hygienic, moisture-resistant, and cost-effective packaging. It is anticipated that the industrial plastic bag market will develop at a compound annual growth rate (CAGR) of 4.1% to reach a valuation of around USD 9.4 billion by 2025. The market is expanding due to the increasing demand for biodegradable and recycled plastics. Important factors include the growing need for packaging drinks, grains, snacks, and frozen foods to facilitate international shipping and assure safe storage for longer shelf lives.
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Market Dynamics
The global market is primarily driven by the need for plastic and improved industrial plastic bags because they are reasonably priced and suitable for product packaging in the retail and e-commerce industries. Since plastic bags are easy to use and convenient for sealing and transportation, they are frequently employed in packing. They are popular because they are simple to use for single-use items. Increased consumer awareness of environmentally friendly and biodegradable packaging is another factor driving market growth.
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Segments-
By Product Type:
- T-shirt bags
- Flat bags
- Gusseted bags
- Trash bags
- Valve bags
- Woven bags
The Industrial Plastic Bag market is divided into several product categories, including T-shirt bags, flat bags, gusseted bags, trash bags, valve bags, and woven bags. Because T-shirt bags are widely used for product packaging in both the retail and e-commerce sectors, they dominate the market. In 2023, t-shirt bags had the biggest revenue share, accounting for over 40%. These bags are easy for customers to carry and can be used to package small to medium-sized items.
Key Players
The global Industrial plastic bags market size is fairly consolidated in terms of key players with the top 4 players Berry Global Inc., mondi group plc, Amcor plc and Novolex. Some of the key players in the industry are Smurfit Kappa, Bischof+Klein SE & Co. KG, Goglio SpA, ARIHANT PACKAGING, Starlinger & Co Gesellschaft m.b.H, Knack Packaging Pvt. Ltd, The Buckeye Bag Company, Kanpur Plastipack Limited, Fujian Yangqiang Plastic Products Co., Ltd. And Leadpacks (Xiamen) Environmental Protection Packing Co., Ltd among others. The key players in the industry are actively pursuing strategic developments such as product launch, partnership agreements, etc to gain further foothold in the market.
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