Albany, NY -- (SBWIRE) -- 11/14/2018 -- The global plastic bags and sacks market is anticipated to expect high growth prospects birthing on the back of important applications such as brand promotion and goods packaging. In a report added by ResearchMoz.us, the global plastic bags and sacks market is broadly analyzed on the basis of market dynamics, cost structure, and other vital aspects. It bears the title "Plastic Bags & Sacks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026." Prominent supermarkets are observed to use plastic bags and sacks at a higher rate. Advantages such as high printability that allows to provide detailed information about the products packed inside are foreseen to augment the demand in the global plastic bags and sacks market.
On the basis of application, the global plastic bags and sacks market is classified into industrial, institutional services, and retail and consumer. Institutional services are further segregated into healthcare, hospitality, and other applications. Retail and consumer are also further classified into clothing and apparels, food and beverages, grocery products, and other consumer goods. Among these, retail and consumer are foretold to rank higher in the global plastic bags and sacks market in terms of market share and CAGR.
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By type of product, the global plastic bags and sacks market is segregated into woven sacks, rubble sacks, trash bags, lay flat bags, gusseted bags, and T-shirt bags. Among these, rubble sacks are projected to make progress at a quicker pace in the global plastic bags and sacks market. By type of material, the global plastic bags and sacks market is bifurcated into non-biodegradable and biodegradable plastics. Among the two, non-biodegradable plastics are foretold to rise as a more attractive segment of the global plastic bags and sacks market in the near future. This segment is further divided into PS, PP, LLDPE, LDPE, HDPE, and other plastics. According to the TMR report, HDPE and LDPE plastics were used in the manufacture of almost 50% of plastic bags and sacks.
From a geographical point of view, Europe is prophesied to take the lead in the global plastic bags and sacks market in terms of market share. The Europe plastic bags and sacks market could witness the rise of HDPE and LDPE segments collecting a larger cumulative share. However, the regional plastic bags and sacks market is expected to testify lethargic growth of other segments such as PS. Asia Pacific could be another lucrative region of the global plastic bags and sacks market. There could be a high preference for HDPE material in the Asia Pacific plastic bags and sacks market. On the other hand, the MEA and Latin America may show unimpressive growth in the global plastic bags and sacks market.
The global plastic bags and sacks market includes top players such as Mondi Group, Novolex Holdings, Inc., and Berry Plastics Inc.
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