Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 15,000.00 Million |
| USD 16,242.85 Million | |
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Global Single-Use Plastic Bags Market, By Application (Retail and consumer, Industrial and institutional), End User (Food and Beverages, Personal Care, Pharmaceutical, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
When food and other products are packaged in plastic, they are protected and remain fresher for longer. Peventing food from spoiling decreases the wastage of food, which helps keep costs down and reduce the strain in the planet’s resources. Plastic bags is so good at preserving and protecting fresh goods, it means we all are able to eat an extensive variety of fresh foods. Single use Plastic bags are the better option then other plastic option because it is easily disposable then other plastic bags. Single use plastic bags is extremely hygienic and keeping food and other products insulated against any air-borne germs. It also prevents the products germs from being spread by people which is handling goods intended for consumption.
Data Bridge Market Research analyses that the single-use plastic bags market was valued at USD 15,000.0 million in 2021 and is expected to reach USD 16242.85 million by 2029, registering a CAGR of 1.00 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Retail and consumer, Industrial and institutional), End User (Food and Beverages, Personal Care, Pharmaceutical, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bemis Manufacturing Company (U.S.), Transcontinental Inc. (Canada), Ardagh Group S.A. (Luxembourg), Winpak Ltd (Canada), Snapsil (Australia), Sealed Air (U.S.), Coveris (Austria), Immer Ltd (Ukraine), Flextrus AB (Sweden), ProAmpac (U.S.), Amcor Plc (Switzerland),, Amerplast Ltd (Finland), Berry Global Inc.(U.S.), Dana Poly Inc. (U.S.), Hanoi Plastic Bag JSC (Vietnam), International Plastics Inc. (U.S.), Rutan Poly Industries Inc. (U.S.)
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Market Opportunities
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Market Definition
Single-use plastic bags are also known as disposable plastics bags because we can use this plastic only one time and are supposed to throw away after use or also used for recycling purposes after sometime Single-use plastics are those goods which are made mainly from fossil fuel–based chemicals such as petrochemicals and are meant to be disposed of right after use.. Single-use plastic bags are used once or for a short time period before being thrown away.
Drivers
Single-use plastic bags has been extensively used in the food industry to preserve and protect food and beverages from contamination and reeking. Food for thousands of soldiers deployed to remote regions which has dependent on packaged food most of the times. Single-use plastic bags keep the military food preserved even for a long time, retaining the same nutrients and freshness due to this increase the demand for single-use plastic bags which are expected to drive the market growth.
Single use plastic bags is extensively preferred to keep fluids and medicines safe and avoid microorganisms and infections. From syringes to saline water, single use plastic is the main carrier of all the vital medical supplies. Some factors that are extremely suitable in surgical procedures are also kept sterilized in plastic packaging. The growing demand for single-use plastic bags in the pharmaceutical sector may drive the market growth rate.
Every piece of paper see comes at a high cost. Numerous trees get sacrificed daily to yield papers for different uses. Plastic bags solve the problem of paper's overuse for our everyday needs. Paper can be used only once but the single use plastic products can be redesigned to other purposes without much cost of processing.
Opportunities
Increasing growth of e-commerce sector especially in emerging and developed countries is expected to fuel the market demand for single-use plastic packaging. Rising urbanization and Changing lifestyles have led to the growth in home care, personal car, food & beverage, healthcare and emerging e-commerce, increasing the demand for single-use plastic packaging which are expected to create lucrative for the growth of the market in upcoming years. Also, rise in strategic collaborations and product innovations will also act as market drivers and further increase the beneficial opportunities for the market's growth rate.
Restraints/ Challenges
However, increasing environmental concerns due to the wide usage of non-biodegradable plastic bags are expected to restrict the market growth during forecast period. Also, increasing rule from the regulatory authorities coupled with increasing sustainable awareness among the customers is anticipated to obstruct the growth of global single use plastic bags. Furthermore, a growing number of economies are imposing heavy fines and additional taxation on the use of single-use plastic bags, which are the major market restrains that will obstruct the market's growth rate.
This single-use plastic bags market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the single-use plastic bags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The outbreak of COVID-19 outbreak has delayed the operations and production of single use plastic bags across the globe. The standstill has led to development in e-commerce sector which play a significant role in packaging sector. The demand of single-use plastics packaging in healthcare industry is expected to increase due to increasing medical, food and beverages supplies during pandemic. Single use plastic bags is easily disposal which prevents the risk of contamination. Single-use plastic bags are coming back because of fears about reusable bags, which can increase the risk of contamination. This is expected to hike the market demand for single-use plastic packaging during pandemic.
The single-use plastic bags market is segmented on the basis of application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
End User
The single-use plastic bags market is analysed and market size insights and trends are provided by country, application and end-user as referenced above.
The countries covered in the single-use plastic bags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the single-use plastic bags market in terms of market share and revenue during forecast period. This is due to the growing demand for single-use plastic bags in this region. Asia-Pacific region leads the single-use plastic bags market due to rapidly increasing industries in emerging economies and high demand and manufacturing capacity in this region.
During the estimated period, North America is expected to be the fastest developing region due to growth of various industries such as food and beverage, health care, home care and personal care in this region
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The single-use plastic bags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to single-use plastic bags market.
Some of the major players operating in the single-use plastic bags market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Single Use Plastic Bags Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Single Use Plastic Bags Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.