The growing customer need for sanitary, moisture-resistant, and reasonably priced packaging is fuelling the expansion of the global industrial plastic bags market. The market for industrial plastic bags is expected to reach a value of around USD 9.4 billion by 2025, with a compound annual growth rate (CAGR) of 4.1% during that time. The growing need for recycled and biodegradable plastics is driving the market's growth. Important elements include the increasing demand for packaging snacks, grains, frozen foods, and drinks in order to ensure safe storage for extended shelf life and to make it easier to transport goods anywhere in the world.
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Market Dynamics
The need for plastic and enhanced industrial plastic bags is the main driver of the global market since they are affordable and appropriate for product packaging in the retail and e-commerce sectors. Plastic bags are widely used in packing because they are simple to use and convenient for sealing and transportation. Their ease of usage for single-use products contributes to their popularity. The market is also growing as a result of increased consumer awareness of sustainable and biodegradable packaging.
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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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