Researchmoz added Most up-to-date research on "Rising Need For Global Industrial Plastic Bags Market: Emerging Trends and New Technologies Research 2017 to 2025" to its huge collection of research reports.
The global industrial plastic bags market is vastly driven by the development of food, pharmaceutical, electrical and electronics industries. To expand geographical outreach, manufacturers are focusing on product innovation and technological advancement by developing their products in packaging market. However, to overcome government stringent regulations manufacturers are focusing on bio-degradable plastic bags as these bags are easy to recycle and do not pose a threat to environment. The industrial plastic bags are mostly used for the transportation industrial products at relatively low cost. The industrial plastic bags are generally termed as ‘single-use bags’ as these plastic bags are used only for short period of time. The industrial plastic bags reduces the weight of goods and materials during transportation over other packaging solutions such as drums, cartons etc.
Industrial plastic bags are lightweight, have high elasticity which helps in adhering the weight of the product packed. Industrial plastic bags have excellent barrier properties and are best suited to carry dry products over other packaging bags such as jute bags, paper bags etc.
Industrial plastic bags: Market dynamics
With global industrial packaging growing at a CAGR of over 4% is expected to reach over 80 Bn by the end of forecast period. Increasing demand for food and beverages, grocery, dairy products are expected to fuel the growth of industrial plastic bags market. The factors accentuating the market growth of the industrial plastic bags are rapid industrialization, rising demand of consumer goods, increase in retail outlets etc. Increased traction of industrial plastic bags in humid regions for providing protection against rain, moisture and other liquid contents is expected to propel the demand in industrial plastic bags market. Factors such as abrasion resistance, moisture resistance will drive the growth of industrial plastic bags market. In addition to the barrier properties, industrial plastic bags are easy to open and pack which in turn increases the efficiency of the manufacturers.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1381770
Furthermore, another factor that is leading to the increase in demand of industrial plastic bags is the growth of healthcare industries and pharmaceuticals and the popularity of using convenient packaging solutions. Industrial plastic bags are recyclable and reusable which helps in driving the market value of industrial plastic bags. Consumer preferences towards bio-degradable industrial plastic bags may incline the manufacturers to focus on innovation and technology. Moreover, reduced prices of crude oil in developing economy is expected to increase the momentum of industrial plastic bags market attributed to cheap availability of raw materials.
However, government stringent policies against using plastic bags may hamper the market share of industrial plastic bags. Furthermore, industrial plastic bags are non-bio-degradable which may affect the eco-system if not disposed of properly.
Industrial plastic bags: Market segmentation
Industrial plastic bags is segmented on the basis of material type, product type and end use.
On the basis of material type, industrial plastic bags can be segmented as
On the basis of product type, industrial plastic bags is segmented as
Industrial plastic bags market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. APEJ region is estimated to account for the majority of market share in industrial plastic bags market due to the growth of food and beverages sectors. North America region is anticipated to register above-average CAGR due to rapid urbanization and growth of retail and supermarket in the region. Western Europe region is expected to register above-average CAGR attributed to the growth of electronics sector. MEA region is expected to attribute below average CAGR due to the stagnant economy.
Industrial plastic bags: Key players
Some of the key players in the field of industrial plastic bags market are Mondi plc, Ampac Holdings LLC, Interplast Group, Dana Poly Inc., Packaging Industries Ltd., Rutan Poly Industries, Inc., New York Packaging & RediBagUSA, Lindamar Industries.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
The global industrial plastic bags market is vastly driven by the development of food, pharmaceutical, electrical and electronics industries. To expand geographical outreach, manufacturers are focusing on product innovation and technological advancement by developing their products in packaging market. However, to overcome government stringent regulations manufacturers are focusing on bio-degradable plastic bags as these bags are easy to recycle and do not pose a threat to environment. The industrial plastic bags are mostly used for the transportation industrial products at relatively low cost. The industrial plastic bags are generally termed as ‘single-use bags’ as these plastic bags are used only for short period of time. The industrial plastic bags reduces the weight of goods and materials during transportation over other packaging solutions such as drums, cartons etc.
Industrial plastic bags are lightweight, have high elasticity which helps in adhering the weight of the product packed. Industrial plastic bags have excellent barrier properties and are best suited to carry dry products over other packaging bags such as jute bags, paper bags etc.
Industrial plastic bags: Market dynamics
With global industrial packaging growing at a CAGR of over 4% is expected to reach over 80 Bn by the end of forecast period. Increasing demand for food and beverages, grocery, dairy products are expected to fuel the growth of industrial plastic bags market. The factors accentuating the market growth of the industrial plastic bags are rapid industrialization, rising demand of consumer goods, increase in retail outlets etc. Increased traction of industrial plastic bags in humid regions for providing protection against rain, moisture and other liquid contents is expected to propel the demand in industrial plastic bags market. Factors such as abrasion resistance, moisture resistance will drive the growth of industrial plastic bags market. In addition to the barrier properties, industrial plastic bags are easy to open and pack which in turn increases the efficiency of the manufacturers.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1381770
Furthermore, another factor that is leading to the increase in demand of industrial plastic bags is the growth of healthcare industries and pharmaceuticals and the popularity of using convenient packaging solutions. Industrial plastic bags are recyclable and reusable which helps in driving the market value of industrial plastic bags. Consumer preferences towards bio-degradable industrial plastic bags may incline the manufacturers to focus on innovation and technology. Moreover, reduced prices of crude oil in developing economy is expected to increase the momentum of industrial plastic bags market attributed to cheap availability of raw materials.
However, government stringent policies against using plastic bags may hamper the market share of industrial plastic bags. Furthermore, industrial plastic bags are non-bio-degradable which may affect the eco-system if not disposed of properly.
Industrial plastic bags: Market segmentation
Industrial plastic bags is segmented on the basis of material type, product type and end use.
On the basis of material type, industrial plastic bags can be segmented as
- Bio-degradable
- PHA
- PLA
- Starch
- Non-biodegradable
- PE
- LDPE
- HDPE
- PP
- PS
- Others
- Gusseted bags
- Sewn open mouth bags
- Others
- Food and beverages
- Pharmaceuticals
- Electricals and electronics
- Agriculture
- Others
Industrial plastic bags market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. APEJ region is estimated to account for the majority of market share in industrial plastic bags market due to the growth of food and beverages sectors. North America region is anticipated to register above-average CAGR due to rapid urbanization and growth of retail and supermarket in the region. Western Europe region is expected to register above-average CAGR attributed to the growth of electronics sector. MEA region is expected to attribute below average CAGR due to the stagnant economy.
Industrial plastic bags: Key players
Some of the key players in the field of industrial plastic bags market are Mondi plc, Ampac Holdings LLC, Interplast Group, Dana Poly Inc., Packaging Industries Ltd., Rutan Poly Industries, Inc., New York Packaging & RediBagUSA, Lindamar Industries.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
No comments:
Post a Comment