Global Single-Use Plastic Bags Market – 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

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.

Single-Use Plastic Bags Market Dynamics

Drivers

• Rise the demand in food industry

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.

• Growing usage in pharmaceutical sector

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.

• Highly cost effective then paper

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.

COVID-19 Impact on Single-Use Plastic Bags Market

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.

Global Single-Use Plastic Bags Market Scope

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

• Retail and consumer
• Industrial and institutional

End User

• Food and Beverages
• Personal Care
• Pharmaceutical
• Others

Single-Use Plastic Bags Market Regional Analysis/Insights

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.   

Competitive Landscape and Single-Use Plastic Bags Market Share Analysis

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:

• 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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