Global Sales of Plastic Bags & Sacks Was Valued at Us$ 18,246.2 Mn in 2015 and Is Projected to Increase at a Cagr of 4.1% over 2016 - 2024 Owing to Rapid Growth in Retail Sector, Declining Oil & Gas Prices, and Rising

Transparency Market Research (TMR) delivers key insights on the global plastic bags & sacks market in its latest report titled, “Plastic Bags & Sacks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024”. In terms of volume, the global plastic bags & sacks market is projected to increase at a CAGR of over 3.4% during the forecast period (2016–2024) owing to various factors, regarding which TMR offers vital insights in detail in this report.

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A plastic bag or a polybag is a type of container usually made of thin, flexible plastic film and non-woven fabric through the process of extrusion. Plastic bags & sacks are used to carry and transport goods across a number of end-use industries such as chemicals, food & beverages, pharmaceuticals, hospitality, industrial products, and healthcare.

Plastic bag is one of the most common forms of minimized packaging, and it consumes less raw material as compared to boxes, cartoons, and jars. Macroeconomic factors such as rising disposable income and increasing purchasing power among consumers are fuelling demand for convenient and cost-effective plastic bags & sacks. Also, improvement in the global economic performance and rising standard of living of the middle income population group are in turn anticipated to strengthen sales of plastic bags and sacks. Over the last decade, most major players, especially in the consumer goods sector, have been focusing on marketing in order to enhance brand visibility, with brand owners laying emphasis on ‘promotional merchandise’. Brand owners are capitalizing on latent opportunity to use plastic bags as a promotional medium. This trend is anticipated to be adopted by several brands in the near future, in turn fueling demand for plastic bags. Plastic bag manufacturers offer various printing options to clients, and an increasing shift has been observed...