The plastic bag market was valued at approximately $25.10 billion in 2023 and is expected to grow to around $35.41 billion by 2033. This represents a compound annual growth rate (CAGR) of 3.5% from 2024 to 2034.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5274
The market is proliferating due to the increasing business of retail market of healthcare, personal care & cosmetics, e-commerce, hotels & cafes, catering, bakeries, offices, healthcare services, and many others which require plastic bags for packaging for shipping and delivery purposes. The growing trend of online ordering facilities is boosting the plastic bag market.
The plastic bag market plays a significant role in the packaging industry and it is driven due to its versatility, sustainable, budget-friendly, and durable properties. It has played a significant role in the packaging market as it drives the market due to versatile packaging solutions. It is majorly favoured due to its lightweight which benefits businesses while shipping products, and cost-effectiveness which allows businesses to get a huge profit which makes it a perfect alternative to traditional packaging. The rising usage of plastic bags in fields such as skincare & cosmetics gives a wide potential for the growth of this industry. Although plastic is a good option for packaging due to its protective quality users have an issue that is constantly raised about environmental problems faced with the growing usage of such products.
These kinds of packaging are highly preferred in the catering and food packaging industry as it does not react with food items and is found to be non-toxic for such purposes they can also be customized easily according to requirements and to promote brands as well. Plastic bags provide improvised quality protection by working as an excellent barrier to oxygen and water vapour. The major innovation by market players is the development of biodegradable and recyclable plastic varieties which reduce the landfill wastage issues and also decrease the carbon footprint connected with packaging solutions.
Buy Premium Global Insight: https://www.towardspackaging.com/price/5274
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
About Us
Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/
Global Market Growth and Trends in Pharmaceutical and Chemical Aluminum Bottles and Cans (2024-2034) The…
Plastic Tubes Market Growth Outlook and Regional Trends The global plastic tubes market reached USD…
Polypropylene Deli Food Containers Market Size and Growth Analysis The polypropylene (PP) deli food containers…
Solid Bleached Sulfate (SBS) Paperboard Market Size and Growth Outlook The solid bleached sulfate (SBS)…
Aluminum Tubes Market Projected Growth and Trends from 2023 to 2034 The global aluminum tubes…
Aseptic Packaging for Non-Carbonated Beverages Market Companies and Growth Insights The global aseptic packaging in…