Plastics Bag And Pouch Manufacturing market detailed analytical overview and KeyPosted by Harsh on December 6th, 2019 The global market for plastics bag and pouch reached nearly .9 billion in 2016. This market is estimated to reach nearly .2 billion in 2020 at a compound annual growth rate (CAGR) of 4.1% for 2016-2020. Report Scope: This research report categorizes the plastic bag and pouch manufacturing market by type. Product type include plastic bags and plastic pouches. Report Includes: Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/12201 Summary 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. Western Europe is the largest market for plastic bag and pouch manufacturing, accounting for 31.9% of the global market. It was followed by North America and Asia Pacific. Going forward, Asia Pacific is expected to witness the fastest growth in the plastic bag and pouch manufacturing market, estimated at a CAGR of 5.8%, followed by Africa, expected to grow at a CAGR of 5.4%. Request For Report Discount: https://www.trendsmarketresearch.com/report/discount/12201 USA is the largest market in terms of value and is driving the market for plastic bag and pouch manufacturing. India and Russia are expected to have the fastest growth, growing at a CAGR of 6.9% and 5.0%, respectively. The market is challenged by increasing manufacturing cost of plastic bags and pouches over the forecast period. Biodegradable plastic such as polylactic acid is increasingly being preferred over traditional petroleum-based plastics, but is costlier to produce. Like it? Share it!More by this author |