Biodegradable Plastic Bags and Sacks Market

Biodegradable plastic bags and sacks are created using materials that will allow the bags or sacks to completely decompose after a period of time. Most biodegradable plastic bags and sacks are said to decompose in three years, although many completely disintegrate in less time. The bags and sacks leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags and sacks require two key elements in order to decompose. The bags and sacks need to be exposed to oxygen and light. Therefore, biodegradable plastic bags and sacks do not start to decompose from the date of manufacture, only after they have been exposed to light and air.

Biodegradable Plastic Bags and Sacks Market contains market size and forecasts of Biodegradable Plastic Bags and Sacks in global, including the following market information:

Global Biodegradable Plastic Bags and Sacks Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Biodegradable Plastic Bags and Sacks Market Sales, 2017-2022, 2023-2028, (MT)

Global top five Biodegradable Plastic Bags and Sacks companies in 2021 (%)

The global Biodegradable Plastic Bags and Sacks market was valued at 878.7 million in 2021 and is projected to reach US$ 1143 million by 2028, at a CAGR of 3.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Polylactic acid (PLA) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Biodegradable Plastic Bags and Sacks include BioBag, Novolex, EnviGreen, BASF, Plastiroll, Sahachit, Xtex Polythene, RKW Group and Abbey Polythene, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Biodegradable Plastic Bags and Sacks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Biodegradable Plastic Bags and Sacks Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Biodegradable Plastic Bags and Sacks Market Segment Percentages, by Type, 2021 (%)

Polylactic acid (PLA)

Polyhydroxyalkanoate (PHA)

Starch Blends

Others

Global Biodegradable Plastic Bags and Sacks Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Biodegradable Plastic Bags and Sacks Market Segment Percentages, by Application, 2021 (%)

Food Packaging and Industrial Packaging

Convenient for Shopping

Garbage Containing

Others

Global Biodegradable Plastic Bags and Sacks Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)

Global Biodegradable Plastic Bags and Sacks Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Biodegradable Plastic Bags and Sacks revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Biodegradable Plastic Bags and Sacks revenues share in global market, 2021 (%)

Key companies Biodegradable Plastic Bags and Sacks sales in global market, 2017-2022 (Estimated), (MT)

Key companies Biodegradable Plastic Bags and Sacks sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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