Plastic bags are made of plastic (commonly used plastics include polypropylene, polyester, nylon, etc.) as the main raw material. They are indispensable items in people’s daily life and are often used to hold other items. It is widely used because of its low cost, extremely light weight, large capacity, and convenient storage. However, it is banned from production and use in some countries because of the extremely long degradation cycle and difficult handling.
In 2017, the net profitability of the plastic bag industry was approximately 12.49%, and in 2018, the net profitability of the plastic bag industry was approximately 11.93%. Relatively speaking, the profitability of the plastic bag industry was average.
The total value of the global plastic bag market in 2019 reached 27.2 billion yuan, and it will be expected to grow to 24.1 billion yuan in 2026, with compound annual growth rate (CAGR) of -1.7%.
Major plastic bags manufacturers include:
Sarah Bio Plast
Henan Yinfeng Plastic
Olympic Plastic Bags
According to different types of product raw materials, including the following categories:
According to different applications, it mainly includes:
– Food packaging and preservation
– Fiber product packaging
– Daily chemical packaging
– Shopping, gifts, etc.
– Garbage and other uses
– medical insurance- other
Key areas of plastic bags application:
– North America
– Southeast Asia