Market Overview

The global market for industrial plastic bags is developing as a result of consumers' increasing demand for hygienic, moisture-resistant, and affordable packaging. By 2025, it is anticipated that the industrial plastic bag market will be worth around USD 9.4 billion, growing at a compound annual growth rate (CAGR) of 4.1%. The market is rising as a result of the increased demand for recycled and biodegradable plastics. A few key factors are the growing need for packaging drinks, grains, snacks, and frozen foods to guarantee safe storage for longer shelf life and to facilitate international shipping.

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Market Dynamics

Because they are reasonably priced and suitable for product packaging in the retail and e-commerce industries, the demand for plastic and improved industrial plastic bags is the primary factor propelling the global market. Because plastic bags are easy to use and convenient for sealing and transportation, they are frequently employed in packing. One factor contributing to their appeal is how simple they are to use for single-use items. Increased consumer awareness of environmentally friendly and biodegradable packaging is another factor driving market expansion.

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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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