Published on : Nov 29, 2017
Albany, New York, November 29, 2017: Market Research Hub (MRH) has included a new report in its repository on the ‘Biodegradable Plastic Bags and Sacks Market’. The report offers a broad in-depth insights and analysis that are reinforced by a various range of data and statistics. The research report presents in-depth analysis of the major restraints and drivers and the factors influencing the Biodegradable Plastic Bags and Sacks Market. According to the report, the predictable assessment of the worldwide market for biodegradable plastic bags and sacks is US$1,470.5 Million by the end of 2017.
Moreover, as per the report, that market is escalating at 6.9% CAGR during the forecast period, 2017-2022. Thereby, the global market for biodegradable plastics bags and sacks is anticipated to attain a value of US$ 2,052.2 Million over the coming years.
Factors Governing the Global Biodegradable Plastic Bags and Sacks Market
Increasing pollution from plastics that are derived from petroleum is adversely influencing the surroundings is an important factor which is influencing the growth for the bags and sacks made from biodegradable plastics. Also, the increasing requirement of the food industry and medical sectors for eco-friendly plastic bags is a prominent factor responsible for the surge in the use of biodegradable plastics bags and sacks. The stringent rules for discarding other traditional plastics are responsible for the growth of the biodegradable plastics bags and sacks. Considerable developments made in industrial skills and the usage of various preservative are expected to expand the compostability and biodegradability of the biodegradable plastics packaging over the assessed period. Additionally, the report present a critical assessment of raw material sourcing strategies, supply chain dynamics, cost structure and pricing and their influence on the market force over the said period.
Global Biodegradable Plastic Bags and Sacks Market: Segmental Analysis
On the basis of region, the report divides the market into Japan, North America, Middle East & Africa (MEA), the Europe, Latin America and Asia Pacific eliminating Japan (APEJ). Among all the regions, Europe is anticipated to dominate the worldwide market for biodegradable plastic bags and sacks market over the forthcoming period.
The study report gives an in-depth insight into the biodegradable plastic bags and sacks market share and size of several product type material type, and end user over the forecast period. This report also presents wide-ranging summary of the segmental development, the report gives the year-over-year growth statistics during the forecast period of 2012-2017.
Global Biodegradable Plastic Bags and Sacks Market: Key Competitors
The research report offers a detailed profiling of the key competitors, anticipated several policies adopted by such companies to increase their market share, and also feature their total revenue share and size as per the forecast period. The key companies mentioned in this report includes Wells Plastics Ltd., Novolex, Shabra Group, JUNER Plastic packaging Co., Xtex Polythene Ltd., Sahachit Watana Plastic Industry Co.,Ltd., Dagoplast AS, Symphony Polymers Pvt Ltd., International Plastics Inc., Sarah Bio Plast, Ampac Holdings LLC, EXTRAPACK Ltd., Bulldog Bag Ltd., and Abbey Polyethene.
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