HNY Research projects that the Biodegradable Plastic Bags and Sacks market size will grow from XX Million in 2017 to XX Million by 2023, at an estimated CAGR of XX %. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The wide versatility of the use of plastics in bags and sacks and their inadequate disposal have added to the vastly rising pollution problem of traditional, petroleum-based plastics world over. Made from a variety of all-natural plant materials such as polylactic acids (PLAs), polyhydroxyalkanoates (PHAs), and corn, biodegradable bags and sacks also contain additives to facilitate degradation and hence pose lesser impact on the ecology in general and marine life in particular. These bags are being preferred over conventional plastic products, notably for the food packaging and fast-moving consumer goods. Furthermore, the use of biodegradable plastics is found to be promising in addressing the problem of plastics pollution in several developed and emerging countries, which is expected to catalyze the growth of the market. The substantial demand for ecofriendly and reusable plastic sacks and bags in the retail industry is a prominent factor bolstering the adoption of these bags. The declining price of key raw materials used in making biodegradable plastics in several countries is likely to bode well for the market.
By Market Players:
Novolex, Xtex Polythene LTD, Shabra Group, Ampac Holdings LLC, International Plastics Inc., Bulldog Bag Ltd., Abbey Polyethene, Sahachit Watana Plastic Industry Co.,Ltd, Sarah Bio Plast, JUNER Plastic packaging Co.,, Hanoi Plastic Bag Jsc, Symphony Polymers Pvt Ltd, EXTRAPACK Ltd., Dagoplast AS, Wells Plastics Ltd.,
By Material Type
PLA, PHA, Starch Blends
By Product Type
T Shirt Bags, Gusseted Bags, Lay Flat Bags, Trash Bags, Rubble Sacks, Woven Sacks,
By End User
Retail and Consumer, Institutional, Industrial
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
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