Global Eco-Friendly Plastic Bags Market Size By Type (Starch-Based, PLA, PBS, PBAT), By Application (Packaging, Consumer Goods, Textile), By Geographic Scope And Forecast
Report ID: 259200|No. of Pages: 202
Global Eco-Friendly Plastic Bags Market Size By Type (Starch-Based, PLA, PBS, PBAT), By Application (Packaging, Consumer Goods, Textile), By Geographic Scope And Forecast
Eco-Friendly Plastic Bags Market Size And Forecast
Eco-Friendly Plastic Bags Market size was valued at USD 2304.74 Million in 2024 and is projected to reach USD 5306.38 Million by 2031, growing at a CAGR of 12.12% from 2024 to 2031.
The rising utilization of biodegradable plastics, majorly in food packaging, is a significant driver of the market’s growth in the forecast period. Also, the government is creating awareness about biodegradable items and supporting manufacturers to deliver high-quality products. Such factors are estimated to propel the biodegradable plastics market growth in the analysis period. The Global Eco-Friendly Plastic Bags Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Eco-Friendly Plastic Bags Market Definition
The eco-friendly plastic bag is composed of plant-based material that naturally breaks down within a few weeks into the base chemicals. Around the world, Eco-friendly bags are used extensively in the packaging sector for a variety of purposes. Eco-friendly bags are constructed from various polymers, including PE-polyethylene, PE-polystyrene, and PP-polypropylene, which are tested for their ability to break down in the open air. Different sectors use these Eco-friendly bags (like the food and beverage sector, pharmaceuticals, agriculture, horticulture, etc.). The market for Eco-friendly bags is expanding due to various governments’ initiatives to reduce the overall percentage of polluting waste products and replace plastic with other Eco-friendly bags.
Petroleum and renewable raw materials including corn, wheat, bamboo, and sugarcane are used to make Eco-friendly polymers. They are broken down by bacteria, fungi, and other microorganisms into carbon dioxide, biomass, and water (CO2). They are therefore utilized in various applications, from flexible packaging for different food products to extruded and injection molded in conventional machines. The market for PHA is anticipated to increase as a result of the growing use of PHA in medical and other applications. PHA is primarily employed in healthcare applications, including medication encapsulation and implantable medical devices. Other medical applications include tissue engineering, bone marrow scaffolds, and bone plates. In addition to being utilized in medicine, PHA is used to make compost bags, agricultural foil and films, and packaging.
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Global Eco-Friendly Plastic Bags Market Overview
The rising utilization of biodegradable plastics, majorly in food packaging, is a significant driver of the market’s growth in the forecast period. This growth is mainly owing to biodegradable polyesters being the best alternative to plastics. Thus, the rise in usage of food packaging, bottles, and disposable tableware and government support for biodegradable materials with strict regulations on plastics usage to minimize environmental pollution are factors expected to enhance the market growth in the forecast time.
For example, in 2020, the German government announced a ban on single-use plastic products such as cutlery, straws, food containers, and other similar products from July 2021 to minimize plastic waste across the country. According to The German Association of Local Utility estimates, every year, there is a rise in everyday plastic items waste by 10% to 20%, which is majorly from single-use plastic products. Also, the government is creating awareness about biodegradable items and supporting manufacturers to deliver high-quality products. Such factors are estimated to propel the biodegradable plastics market growth in the analysis period.
Regular plastic bags are causing destruction and polluting the environment, as it takes around 500 years to decompose. Key players have started manufacturing biodegradable plastic carry bags; these biodegradable plastic carry bags take less time to spoil and are easy to recycle. Biodegradable plastic carry bags are easy to produce and non-toxic. Inclination in the use of biodegradable plastic carry bags is a significant factor in the global carry bag market growth.
Furthermore, the rising environmental concern forces consumers to shift their preferences towards biodegradable bags. The demand for these bags has now reached all industries worldwide. All the manufacturers are fulfilling the pharmaceutical and food & beverage demand. Thus, expanding the food and beverages industry will promote the growth of the biodegradable bag market shortly. New biodegradable bags made of tropical fruits’ skin available at a low price are expected to create opportunities for the market. Biodegradable plastics, with the help of microorganisms breaking and dissolving them in an environment, are less harmful to the surroundings than traditional plastic bags. Therefore, growth in environmental-concern among consumers can create new opportunities for the market to grow with a higher CAGR.
However, the complex engineering system and costly equipment needed for the processing and recycling process might hamper the growth of the global market. Higher prices of biodegradable plastics than conventional polymers hinder the market’s growth in various application segments. Usually, the manufacturing cost of biodegradable plastics is 20-80% more than that of traditional plastics. This is attributed to the high polymerization cost of such plastics as the product is in the developing stage and therefore has not achieved economic viability. For instance, biodegradable plastic such as PHA has numerous applications in synthetic papers, binders, medical devices, food packaging, electronic parts, and agriculture with high production costs, limited availability, and low yields.
Global Eco-Friendly Plastic Bags Market: Segmentation Analysis
The Global Eco-Friendly Plastic Bags Market is segmented on the basis of Type, Application, and Geography.
Eco-Friendly Plastic Bags Market, By Application
• Packaging
• Consumer Goods
• Textile
• Agriculture
• Others
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Based on Application, the market is bifurcated into Packaging, Consumer Goods, Textile, Agriculture, and Others. The Packaging segment accounted for the largest market share in 2021 and is projected to grow at a CAGR of 10.73% during the forecast period. Packaging is the term used to describe the wrapping material used to contain, identify, characterize, protect, display, and otherwise market and maintain clean a consumer product. Packaging is more than just a lovely face for the goods. The packaging will be biodegradable if it is composed of natural materials. Plastic is difficult to biodegrade; it can take hundreds or even thousands of years to decompose, releasing dangerous compounds along the way. Some environmentally friendly packaging, such as those made of sustainable paper, may even be compostable.
Eco-Friendly Plastic Bags Market, By Type
• Starch-Based
• PLA
• PBS
• PBAT
• PHA
• Polycaprolactone
• Others
Based on Type, the Global Eco-Friendly Plastic Bags Market has been segmented into Starch-Based, PLA, PBS, PBAT, PHA, Polycaprolactone, and Others. In 2021, the Starch Based segment accounted for the largest market share and is projected to grow at the highest CAGR of 10.66% during the forecast period. With increased customer demands for sustainability, biodegradable plastics help manufacturing enterprises maintain their competitiveness. They are frequently made from different biomass sources, with starch being the most popular because it is a natural polymer that can be used in a variety of materials. Since starch-based plastics can be combined with different petroleum- or biopolymer-based polymers to form distinctive composite materials, they can be employed in a wide range of applications. Afterward, these composite materials can be extruded or molded using regular processing equipment.
Eco-Friendly Plastic Bags Market, By Geography
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Based on Regional Analysis, the Global Eco-Friendly Plastic Bags Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe accounted for the largest market share and is projected to grow at a CAGR of 10.89% during the forecast period. Europe is one of the largest players in the international market. The overall momentum in the global economy remains steady for the Europe region and this global upswing is expected to continue in the forthcoming years. The French government kept enforcing stringent regulations intended to control the use of single-use plastic bags in retail establishments in 2017. It is now against the law for French supermarkets to use plastic bags less than 50 microns thick at the register or in the loose food department, where thin bags are offered for fruit, vegetables, and other products.
Key Players
The “Global Eco-Friendly Plastic Bags Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Cargill Inc., Plantic Technologies Limited, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.
Key Developments
• In September 2021, to advance in the quickly expanding Spanish and Portuguese markets, BASF will work with WPO Polymers as part of its expansion strategy for its biopolymers business
• In October 2020, as part of its pioneering work on compostable packaging in Scotland, Cargill is deploying entirely biodegradable fish feed packaging in the North Sea region in partnership with Gaia Biomaterials UK
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | BASF SE, Cargill Inc., Plantic Technologies Limited, and Others. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
TABLE OF CONTENTS
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP-DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET OVERVIEW
3.2 GLOBAL ECO-FRIENDLY PLASTIC BAGS ABSOLUTE MARKET OPPORTUNITY
3.3 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY REGION
3.4 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY TYPE
3.5 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY APPLICATION
3.6 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.7 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE OF FITTING (USD MILLION)
3.8 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION (USD MILLION)
3.9 FUTURE MARKET OPPORTUNITIES
3.1 GLOBAL MARKET SPLIT
4 MARKET OUTLOOK
4.1 ECO-FRIENDLY PLASTIC BAGS MARKET EVOLUTION
4.2 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 WIDE UTILIZATION OF BIODEGRADABLE PLASTICS IN PACKAGING APPLICATION
4.3.2 RISE IN TREND OF BIODEGRADABLE PLASTIC CARRY BAGS
4.4 RESTRAINTS
4.4.1 COMPLEX ENGINEERING SYSTEM AND COSTLY EQUIPMENT IS NEEDED FOR THE PROCESSING AND RECYCLING PROCESS
4.4.2 PERFORMANCE ISSUE
4.5 OPPORTUNITIES
4.5.1 CONSUMER’S SHIFTING PREFERENCE FOR BIO-BASED PRODUCTS
4.5.2 GROWTH IN ENVIRONMENTAL CONCERN AMONG CONSUMERS
4.6 VALUE CHAIN ANALYSIS
4.7 COVID_19 IMPACT ANALYSIS
4.8 PORTER’S FIVE FORCES ANALYSIS
4.8.1 THREAT OF NEW ENTRANTS
4.8.2 THREAT OF SUBSTITUTES
4.8.3 BARGAINING POWER OF SUPPLIERS
4.8.4 BARGAINING POWER OF BUYERS
4.8.5 INTENSITY OF COMPETITIVE RIVALRY
4.9 MACROECONOMIC ANALYSIS
4.10 PRICING ANALYSIS
5 MARKET, BY TYPE
5.1 OVERVIEW
5.1 PACKAGING
5.2 AGRICULTURE
5.3 CONSUMER GOODS
5.4 TEXTILE
5.5 OTHERS
6 MARKET, BY APPLICATION
6.1 OVERVIEW
6.1 STARCH-BASED
6.2 PLA
6.3 PBS
6.4 PBAT
6.5 PHA
6.6 POLYCAPROLACTONE
6.7 OTHERS
7 MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 GERMANY
7.3.3 U.K.
7.3.4 FRANCE
7.3.5 ITALY
7.3.6 SPAIN
7.3.7 REST OF EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
7.5.1 LATIN AMERICA MARKET SNAPSHOT
7.5.2 BRAZIL
7.5.3 ARGENTINA
7.5.4 REST OF LATIN AMERICA
7.6 MIDDLE EAST AND AFRICA
7.6.1 MIDDLE EAST AND AFRICA MARKET SNAPSHOT
7.6.2 UAE
7.6.3 SAUDI ARABIA
7.6.4 SOUTH AFRICA
7.6.5 REST OF MIDDLE EAST AND AFRICA
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 OVERVIEW
8.3 COMPETITIVE SCENARIO
8.4 COMPANY MARKET RANKING ANALYSIS
8.5 COMPANY REGIONAL FOOTPRINT
8.6 COMPANY INDUSTRY FOOTPRINT
8.7 ACE MATRIX
8.7.1 ACTIVE
8.7.2 CUTTING EDGE
8.7.3 EMERGING
8.7.4 INNOVATORS
9 COMPANY PROFILES
9.1 BASF SE
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY INSIGHTS
9.1.3 SEGMENT BREAKDOWN
9.1.4 PRODUCT BENCHMARKING
9.1.5 KEY DEVELOPMENTS
9.1.6 SWOT ANALYSIS
9.1.7 WINNING IMPERATIVES
9.1.8 CURRENT FOCUS & STRATEGIES
9.1.9 THREAT FROM COMPETITION
9.2 CARGILL INCORPORATED
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY INSIGHTS
9.2.3 PRODUCT BENCHMARKING
9.2.4 KEY DEVELOPMENTS
9.2.5 WINNING IMPERATIVES
9.2.6 CURRENT FOCUS & STRATEGIES
9.2.7 THREAT FROM COMPETITION
9.2.8 SWOT ANALYSIS
9.3 PLANTIC TECHNOLOGIES LIMITED
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY INSIGHTS
9.3.3 PRODUCT BENCHMARKING
9.3.4 SWOT ANALYSIS
9.4 TOTAL CORBION PLA
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY INSIGHTS
9.4.3 PRODUCT BENCHMARKING
9.4.4 SWOT ANALYSIS
9.5 NOVAMONT SPA
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY INSIGHTS
9.5.3 PRODUCT BENCHMARKING
9.5.4 KEY DEVELOPMENT
9.5.5 SWOT ANALYSIS
9.6 ENVIGREEN
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY INSIGHTS
9.6.3 164
9.6.4 PRODUCT BENCHMARKING
9.7 CHROMOGREEN
9.7.1 COMPANY OVERVIEW
9.7.2 COMPANY INSIGHTS
9.7.3 PRODUCT BENCHMARKING
9.8 POLYKAR
9.8.1 COMPANY OVERVIEW
9.8.2 COMPANY INSIGHTS
9.8.3 PRODUCT BENCHMARKING
9.9 FKUR KUNSTSTOFF GMBH
9.9.1 COMPANY OVERVIEW
9.9.2 COMPANY INSIGHTS
9.9.3 PRODUCT BENCHMARKING
9.9.4 KEY DEVELOPMENTS
9.10 INTERNATIONAL PLASTICS INC
9.10.1 COMPANY OVERVIEW
9.10.2 COMPANY INSIGHTS
9.10.3 PRODUCT BENCHMARKING
9.11 TRINSEO
9.11.1 COMPANY OVERVIEW
9.11.2 COMPANY INSIGHTS
9.11.3 SEGMENT BREAKDOWN
9.11.4 PRODUCT BENCHMARKING
9.12 DANIMER SCIENTIFIC
9.12.1 COMPANY OVERVIEW
9.12.2 COMPANY INSIGHTS
9.12.1 SEGMENT BREAKDOWN
9.12.2 PRODUCT BENCHMARKING
9.12.3 KEY DEVELOPMENTS
LIST OF TABLES
TABLE 1 PROJECTED REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE) OF KEY COUNTRIES
TABLE 2 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 3 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 4 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
TABLE 5 NORTH AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 6 NORTH AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 7 NORTH AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 8 U.S. ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 9 U.S. ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 10 CANADA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 11 CANADA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 12 MEXICO ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 13 MEXICO ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 14 EUROPE ECO-FRIENDLY PLASTIC BAGS MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 15 EUROPE ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 16 EUROPE ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 17 GERMANY ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 18 GERMANY ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 19 U.K. ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 20 U.K. ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 21 FRANCE ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 22 FRANCE ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 23 ITALY ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 24 ITALY ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 25 SPAIN ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 26 SPAIN ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 27 REST OF EUROPE ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 28 REST OF EUROPE ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 29 ASIA PACIFIC ECO-FRIENDLY PLASTIC BAGS MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 30 ASIA PACIFIC ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 31 ASIA PACIFIC ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 32 CHINA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 33 CHINA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 34 JAPAN ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 35 JAPAN ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 36 INDIA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 37 INDIA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 38 REST OF ASIA PACIFIC ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 39 REST OF ASIA PACIFIC ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 40 LATIN AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 41 LATIN AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 42 LATIN AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 43 BRAZIL ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 44 BRAZIL ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 45 ARGENTINA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 46 ARGENTINA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 47 REST OF LATIN AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 48 REST OF LATIN AMERICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 49 MIDDLE EAST AND AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
TABLE 50 MIDDLE EAST AND AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 51 MIDDLE EAST AND AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 52 UAE ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 53 UAE ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 54 SAUDI ARABIA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 55 SAUDI ARABIA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 56 SOUTH AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 57 SOUTH AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 58 REST OF MIDDLE EAST AND AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE, 2020-2030 (USD MILLION)
TABLE 59 REST OF MIDDLE EAST AND AFRICA ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
TABLE 60 COMPANY MARKET RANKING ANALYSIS
TABLE 61 COMPANY REGIONAL FOOTPRINT
TABLE 62 COMPANY INDUSTRY FOOTPRINT
TABLE 63 BASF SE: PRODUCT BENCHMARKING
TABLE 64 BASF SE: KEY DEVELOPMENTS
TABLE 65 BASF SE: WINNING IMPERATIVES
TABLE 66 CARGILL INCORPORATED: PRODUCT BENCHMARKING
TABLE 67 CARGILL INCORPORATED: KEY DEVELOPMENTS
TABLE 68 CARGILL INCORPORATED: WINNING IMPERATIVES
TABLE 69 PLANTIC TECHNOLOGIES LIMITED: PRODUCT BENCHMARKING
TABLE 70 TOTAL CORBION PLA: PRODUCT BENCHMARKING
TABLE 71 NOVAMONT SPA: PRODUCT BENCHMARKING
TABLE 72 NOVAMONT SPA: KEY DEVELOPMENTS
TABLE 73 ENVIGREEN: PRODUCT BENCHMARKING
TABLE 74 CHROMOGREEN: PRODUCT BENCHMARKING
TABLE 75 POLYKAR: PRODUCT BENCHMARKING
TABLE 76 FKUR KUNSTSTOFF GMBH: PRODUCT BENCHMARKING
TABLE 77 FKUR KUNSTSTOFF GMBH: KEY DEVELOPMENTS
TABLE 78 INTERNATIONAL PLASTICS INC: PRODUCT BENCHMARKING
TABLE 79 TRINSEO: PRODUCT BENCHMARKING
TABLE 80 DANIMER SCIENTIFIC: PRODUCT BENCHMARKING
TABLE 81 DANIMER SCIENTIFIC: KEY DEVELOPMENTS
LIST OF FIGURES
FIGURE 1 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 GLOBAL ECO-FRIENDLY PLASTIC BAGS ABSOLUTE MARKET OPPORTUNITY
FIGURE 7 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY REGION
FIGURE 8 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY TYPE
FIGURE 9 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET ATTRACTIVENESS, BY APPLICATION
FIGURE 10 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET GEOGRAPHICAL ANALYSIS, 2023-30
FIGURE 11 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE (USD MILLION)
FIGURE 12 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION (USD MILLION)
FIGURE 13 FUTURE MARKET OPPORTUNITIES
FIGURE 14 EUROPE DOMINATED THE MARKET IN 2021
FIGURE 15 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET OUTLOOK
FIGURE 16 VALUE CHAIN ANALYSIS
FIGURE 17 PORTER’S FIVE FORCES ANALYSIS
FIGURE 18 ECO-FRIENDLY PLASTIC BAGS PRICES, BY REGION
FIGURE 19 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY TYPE
FIGURE 20 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY APPLICATION
FIGURE 21 GLOBAL ECO-FRIENDLY PLASTIC BAGS MARKET, BY GEOGRAPHY, 2020-2030 (USD MILLION)
FIGURE 22 U.S. MARKET SNAPSHOT
FIGURE 23 CANADA MARKET SNAPSHOT
FIGURE 24 MEXICO MARKET SNAPSHOT
FIGURE 25 GERMANY MARKET SNAPSHOT
FIGURE 26 U.K. MARKET SNAPSHOT
FIGURE 27 FRANCE MARKET SNAPSHOT
FIGURE 28 ITALY MARKET SNAPSHOT
FIGURE 29 SPAIN MARKET SNAPSHOT
FIGURE 30 REST OF EUROPE MARKET SNAPSHOT
FIGURE 31 CHINA MARKET SNAPSHOT
FIGURE 32 JAPAN MARKET SNAPSHOT
FIGURE 33 INDIA MARKET SNAPSHOT
FIGURE 34 REST OF ASIA PACIFIC MARKET SNAPSHOT
FIGURE 35 BRAZIL MARKET SNAPSHOT
FIGURE 36 ARGENTINA MARKET SNAPSHOT
FIGURE 37 REST OF LATIN AMERICA MARKET SNAPSHOT
FIGURE 38 UAE MARKET SNAPSHOT
FIGURE 39 SAUDI ARABIA MARKET SNAPSHOT
FIGURE 40 SOUTH AFRICA MARKET SNAPSHOT
FIGURE 41 REST OF MIDDLE EAST AND AFRICA MARKET SNAPSHOT
FIGURE 42 KEY STRATEGIC DEVELOPMENTS
FIGURE 43 ACE MATRIC
FIGURE 44 BASF SE: COMPANY INSIGHT
FIGURE 45 BASF SE: BREAKDOWN
FIGURE 46 BASF SE: SWOT ANALYSIS
FIGURE 47 CARGILL INCORPORATED: COMPANY INSIGHT
FIGURE 48 CARGILL INCORPORATION: SWOT ANALYSIS
FIGURE 49 PLANTIC TECHNOLOGIES LIMITED.: COMPANY INSIGHT
FIGURE 50 PLANTIC TECHNOLOGIES LIMITED: SWOT ANALYSIS
FIGURE 51 TOTAL CORBION PLA: COMPANY INSIGHT
FIGURE 52 TOTAL CARBION PLA: SWOT ANALYSIS
FIGURE 53 NOVAMONT SPA: COMPANY INSIGHT
FIGURE 54 NOVAMONT SPA: SWOT ANALYSIS
FIGURE 55 ENVIGREEN: COMPANY INSIGHT
FIGURE 56 CHROMOGREEN: COMPANY INSIGHT
FIGURE 57 POLYKAR: COMPANY INSIGHT
FIGURE 58 FKUR KUNSTSTOFF GMBH: COMPANY INSIGHT
FIGURE 59 INTERNATIONAL PLASTICS INC: COMPANY INSIGHT
FIGURE 60 TRINSEO: COMPANY INSIGHT
FIGURE 61 TRINSEO: BREAKDOWN
FIGURE 62 DANIMER SCIENTIFIC: COMPANY INSIGHT
FIGURE 63 DANIMER SCIENTIFIC: BREAKDOWN
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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