The "Plastics Bag and Pouch Manufacturing:Global Markets to 2020" report has been added to ResearchAndMarkets.com's offering.
Global plastic bag and pouch manufacturing market is currently in a very crucial phase of transformation. Demand for industrial packaging products has increased recently in emerging nations due to increased consumption of processed foods, poultry, meat and agricultural products in these countries. At the same time, growing concern and awareness over the harmful effects of plastic waste is increasingly repelling customers from plastic bags and pouches. In addition, end users, such as restaurants, retail stores, and shops, are increasingly demanding paper bags, cloth bags, and recyclable bags. These factors are, in turn, generating demand for plastic bags and pouches to meet high expectations.
The market for plastic bag and pouch manufacturing reached a value of nearly $18.9 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% to nearly $22.2 billion by 2020. The market for plastic bags and pouches manufacturing is marginally consolidated with a few large players dominating the market. Major players in the market are Amcor Limited, Sealed Air Corporation, and Bemis Company Inc., among others. Plastic bags accounted for the largest share of the market for plastic bag and pouch manufacturing in 2016 at 56.7%. The highest growth is projected to come from plastic pouches, which is forecast to grow at a CAGR of 4.7%.
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