The global Biodegradable Plastic Bags and Sacks market was valued at US$ 851.2 million in 2019 and is expected to reach US$ 1049.3 million by the end of 2026, growing at a CAGR of 3.0% during 2021-2026.
Biodegradable plastic bags and sacks are created using materials that will allow the bags or sacks to completely decompose after a period of time. Most biodegradable plastic bags and sacks are said to decompose in three years, although many completely disintegrate in less time. The bags and sacks leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags and sacks require two key elements in order to decompose. The bags and sacks need to be exposed to oxygen and light. Therefore, biodegradable plastic bags and sacks do not start to decompose from the date of manufacture, only after they have been exposed to light and air.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 82.48% of the global consumption volume in total.
Global Biodegradable Plastic Bags and Sacks Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Biodegradable Plastic Bags and Sacks Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are BioBag, Novolex, EnviGreen, BASF, Plastiroll, Sahachit, Xtex Polythene, RKW Group, Abbey Polythene, Sarah Bio Plast, Bulldog Bag, Symphony Polymers, Jiangsu Torise biomaterials, JUNER Plastic packaging and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Polylactic acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Starch Blends
Segment by Application
- Food Packaging & Industrial Packaging
- Convenient for Shopping
- Garbage Containing
Table of Content:
1 Biodegradable Plastic Bags and Sacks Market Overview
2 Biodegradable Plastic Bags and Sacks Market Competition by Manufacturers
3 Biodegradable Plastic Bags and Sacks Retrospective Market Scenario by Region
4 Global Biodegradable Plastic Bags and Sacks Historic Market Analysis by Type
5 Global Biodegradable Plastic Bags and Sacks Historic Market Analysis by Application
6 Key Companies Profiled
7 Biodegradable Plastic Bags and Sacks Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Biodegradable Plastic Bags and Sacks Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta