What is Global Biodegradable Plastic Bags and Sacks Market?
The Global Biodegradable Plastic Bags and Sacks Market is a rapidly evolving sector that focuses on the production and distribution of eco-friendly bags and sacks. These products are made from biodegradable materials, which means they can decompose naturally over time, reducing their impact on the environment. The market is driven by increasing awareness about environmental sustainability and the harmful effects of non-biodegradable waste. The global market for these products was valued at US$ 854 million in 2022, and it is expected to grow significantly in the coming years. However, the market is not just about the numbers. It's about a shift in consumer behavior and industry practices towards more sustainable options. It's about businesses recognizing the importance of their environmental footprint and making conscious efforts to reduce it. It's about consumers choosing products that are not only good for them but also good for the planet.
Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends, Others in the Global Biodegradable Plastic Bags and Sacks Market:
The Global Biodegradable Plastic Bags and Sacks Market is segmented based on the type of biodegradable plastic used in the production of these bags and sacks. These include Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends, and others. Each of these materials has its own unique properties and applications. For instance, PLA is a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable resources, like corn starch or sugar cane. PHA, on the other hand, is produced by bacterial fermentation of sugar or lipids. It is used in the production of a variety of products, including packaging, agricultural films, and medical products. Starch blends are also widely used in the production of biodegradable bags and sacks. They are made by blending starch with other biodegradable polymers. These blends are known for their high biodegradability, low cost, and good mechanical properties.
Food Packaging and Industrial Packaging, Convenient for Shopping, Garbage Containing, Others in the Global Biodegradable Plastic Bags and Sacks Market:
The Global Biodegradable Plastic Bags and Sacks Market finds its application in various areas including Food Packaging and Industrial Packaging, Convenient for Shopping, Garbage Containing, among others. In the food packaging industry, these bags and sacks are used for packaging various food items, including fruits, vegetables, meat, and dairy products. They are preferred over traditional plastic bags because they do not release harmful chemicals into the food. In the industrial packaging sector, biodegradable bags and sacks are used for packaging various industrial goods. They are chosen for their strength and durability. Biodegradable bags and sacks are also commonly used for shopping. They are lightweight, strong, and can be easily carried around. Moreover, they are environmentally friendly, which makes them a popular choice among environmentally conscious consumers. Lastly, these bags and sacks are also used for garbage containment. They are preferred for this application because they decompose naturally, reducing the amount of non-biodegradable waste in landfills.
Global Biodegradable Plastic Bags and Sacks Market Outlook:
The global Biodegradable Plastic Bags and Sacks market has shown promising growth in recent years. In 2022, the market was valued at US$ 854 million. It is projected to reach a value of US$ 1127.5 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing awareness about environmental sustainability and the harmful effects of non-biodegradable waste. The market is dominated by four major manufacturers who collectively hold a 30% market share. In terms of product type, Starch Blends is the largest segment, accounting for over 40% of the market. This dominance can be attributed to the high biodegradability, low cost, and good mechanical properties of starch blends.
| Report Metric | Details |
| Report Name | Biodegradable Plastic Bags and Sacks Market |
| Accounted market size in 2022 | US$ 854 in million |
| Forecasted market size in 2029 | US$ 1127.5 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | BioBag, Novolex, EnviGreen, BASF, Plastiroll, Sahachit, Xtex Polythene, RKW Group, Abbey Polythene, Sarah Bio Plast, Bulldog Bag, Symphony Polymers, Jiangsu Torise biomaterials, JUNER Plastic packaging |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
