Published on : Oct 15, 2018
Albany, New York, October 15, 2018: With escalated preferences for eco-friendly alternatives, demand for biodegradable plastic bags and sacks has attained reasonable surge. However owing to economic viability, demand for non-biodegradable plastic bags and sacks has also demonstrated significant demands, thus influencing growth in plastic bags and sacks market. To evaluate recent advances and their implications on the growth of plastic bags and sacks market, Market Research Hub (MRH) has added a new research report titled, 'Plastic Bags & Sacks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026' to its fast expanding database.
To pace up with growing consumer demands across verticals such as retail, consumer goods, and other industrial applications, leading manufacturers are inclined towards facility expansion to retain consumer base. Additionally, leading manufacturers are also engrossed in incorporating novel building materials which pose minimal environment hazards thus abiding by stringent stipulation as well as evolving consumer preferences for eco-friendly product choice. Additionally, to ensure their leading stance amidst complex competitive landscape, market players in plastic bags and sacks market are also diverting investments towards strategic mergers and acquisitions.
Berry Group Acquires Laddawn, Diversifies E-commerce Sales Channel in Plastic Bags and Sacks Market
In a recent development, noted industry veteran Berry Global has recently completed its acquisition of Laddawn, best known for its blown polyethylene bags and films. Laddawn demonstrates a diverse portfolio of re-sealable plastic bags, tubing, films, and sheeting. Additionally the company also boasts of a dynamic e-commerce platform that is claimed to surpass $145 m net sales. With this vital venture, plastic bags and sacks player Berry Global aims to improve its e-commerce sales channel, besides diversifying its product portfolio, aiming to sustain its leading stance in plastic bags and sacks market.
Retails and Consumer Segment Translates Surged Growth in Plastic Bags and Sacks Market
Elaborate research postulates etched in the report allow readers to gain primary understanding on various market segments prevalent in plastic bags and sacks market. The report identifies type, product type, and application as primary segments exhibited in the market. Based on type plastic bags and sacks market is classified as biodegradable plastic and non-biodegradable plastic. In terms of product type, plastic bags and sacks market is splintered as t-shirt bags, gusseted bags, lay flat bags, trash bags, rubble sacks, and woven sacks amongst others. The report further diversifies plastic bags and sacks market on the basis of application type such as retail and consumer, institutional services, and industrial applications.
Europe and Asia Jointly Emerge as Dominant Regional Markets
Further, the report also entails comprehensive details on regional diversification, based on which plastic bags and sacks market demonstrates Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa amongst others. This section also entails vital details on various marketing schemes incorporated by leading players across regions and their corresponding impact on end-user response.
Competition Spectrum: Plastic Bags and Sacks Market
Thorough research elements entailed in the report allow readers to gauge the impact of various marketing strategies and tools in enticing favorable end-user response in terms of their buying preferences. Some of the leading players identified in plastic bags and sacks market include Berry Plastics Inc, Mondi Group, International Plastics Inc., Novolex Holdings, Inc., Inteplast Group, Alpha Poly, Goglio Group, Arihant Packaging amongst others.
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