Single-Use Plastic Bags Market- Roadmap for Recovery from COVID-19|Advantages of Plastic Bags Over their Alternatives to boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Single-Use Plastic Bags Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the single-use plastic bags market and it is poised to grow by USD 0.66 billion during 2020-2024, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • What are the major trends in the market?
  • Increasing vendor initiatives to promote sustainable packaging is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 1%, the incremental growth of the market is anticipated to be USD 0.66 billion.
  • Who are the top players in the market?
  • Amcor Plc, Amerplast Ltd., Berry Global Group Inc., Dana Poly Inc., Hanoi Plastic Bag JSC, International Plastics Inc., Mondi Group, ProAmpac Intermediate Inc., Rutan Poly Industries Inc., and Winpak Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Advantages of plastic bags over their alternatives is one of the major factors driving the market. However, the volatility in raw material prices restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 53% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amcor Plc, Amerplast Ltd., Berry Global Group Inc., Dana Poly Inc., Hanoi Plastic Bag JSC, International Plastics Inc., Mondi Group, ProAmpac Intermediate Inc., Rutan Poly Industries Inc., and Winpak Ltd. are some of the major market participants. The advantages of plastic bags over their alternatives will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Single-Use Plastic Bags Market 2020-2024: Segmentation

Single-Use Plastic Bags Market is segmented as below:

  • Application
    • Retail and Consumer
    • Industrial and Institutional
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43621

Single-Use Plastic Bags Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The single-use plastic bags market report covers the following areas:

  • Single-Use Plastic Bags Market Size
  • Single-Use Plastic Bags Market Trends
  • Single-Use Plastic Bags Market Analysis

This study identifies increasing vendor initiatives to promote sustainable packaging as one of the prime reasons driving the single-use plastic bags market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Single-Use Plastic Bags Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist single-use plastic bags market growth during the next five years
  • Estimation of the single-use plastic bags market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the single-use plastic bags market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of single-use plastic bags market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Retail and consumer - Market size and forecast 2019-2024
  • Industrial and institutional - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amcor Plc
  • Amerplast Ltd.
  • Berry Global Group Inc.
  • Dana Poly Inc.
  • Hanoi Plastic Bag JSC
  • International Plastics Inc.
  • Mondi Group
  • ProAmpac Intermediate Inc.
  • Rutan Poly Industries Inc.
  • Winpak Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Single-Use Plastic Bags Market will grow by USD 0.66 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/