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Bio-Plastic Carrier Bags Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Growing concern regarding environmental protection by reducing the use of plastic bags has led to an increased adoption of bioplastic carrier bags. Bioplastic carrier bags serves as a valued alternative to fossil-based plastic carrier bags. Bioplastic carrier bags are manufactured partially or entirely from agricultural feedstock such as sugar cane, corn, potatoes, wheat and others through chemical and biotechnological processes. Use of renewable resources helps in saving up the scarce fossil resources. Bio-plastic carrier bags contain less carbon footprint as compared to conventional plastic bags. Bioplastic bags are available in various sizes, shapes, and thickness. Bio-plastic carrier bags are gaining widespread adoption across the globe because of its advantages over fossil-based plastic bags.

 

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Bio-Plastic Carrier Bags Market: Market Dynamics

 

Currently, the bio-plastics carrier bags market is witnessing high demand across various industries such as food and beverage, pharmaceuticals, automotive, retail, health and personal care as they come in a wide range of attractive designs and shapes. Increasing consumer demand for the eco-friendly plastic carrier bags has led the plastic manufacturers to shift from traditional plastic bags to bio-plastic carrier bags. Another significant factor that drives the bio-plastic carrier bags market is the re-usability characteristic which is highly preferred by the consumers. Government initiative towards purchasing eco-friendly solutions have further fueled up the demand for bio-plastic carrier bags market. Bio-plastic carrier bags market is expected to grow significantly during the forecast period because of its increasing usage in various industries as well as by the consumers.

 

However, bioplastic carrier bags possess few restraints that can hamper the growth of the market. Produced from food crops that are genetically modified such as corn, bioplastics results in an interruption of the food supply. Corn plants contain a high amount of chemical pesticides that can be harmful while processing bioplastics. There is immense pressure on the crop production thereby impacting the food prices and agricultural process, due to the growth of bioplastic carrier bag manufacturing.

 

Bio-Plastic Carrier Bags Market: Market Segmentation

 

Bio-plastic carrier bags market can be segmented on the basis of type of bio plastic carrier bags, which include:

 

Single-use bag

Multiple-use bag

Woven or non-woven bag

 

Bio-plastic carrier bags market can be segmented on the basis of plastic type used for manufacturing bio plastic carrier bags, which include:

 

HDPE

LLDPE

LDPE

PP

PET

 

Bio-plastic carrier bags market can be segmented on the basis of application, which include:

 

Food & Beverage

Pharmaceuticals

Automotive

Retail Stores

Others

 

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Bio-Plastic Carrier Bags Market: Regional Outlook

 

Regional coverage for bio-plastic carrier market include, North America’s bio-plastics carrier bags market, Latin America’s bio-plastics carrier bags market, Europe’s bio-plastics carrier bags market, Asia Pacific bio-plastics carrier bags market and China’s bio-plastics carrier bags market and Middle East and Africa’s bio-plastics carrier bags market. Europe accounts for the significant usage of bio-plastics carrier bags market. The European retail market has the maximum usage of bio plastic carrier bags. However bio-plastic carrier bags market is expected to grow widely across all regions during the forecast period.

 

Bio-Plastics Carrier Bags Market: Market Players

 

Market players for bio-plastic carrier bags market include, ALPAGRO Plastics N.V, Novamont S.p.A, Bio Bag Americas, Inc., Biopak Pty Ltd., Thai Plastic Bags Industries Company Ltd., Polybags Ltd and others.

 

About TMR

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.