In the last few years, bio-plastics carrier bags witnessed a high demand from diverse industries across the globe, such as pharmaceuticals, food and beverage, automotive, health and personal care, and retail. The rising consumer demand for the eco-friendly plastic carrier bags has encouraged the plastic manufacturers to shift from the traditional bags to bio-friendly plastic carrier bags, which is projected to enhance the growth of the overall market in the next few years.
In addition to this, the rising government initiatives towards the purchasing of bio-friendly solutions, thus supporting the growth of the overall market in the near future. The easy availability of bio-plastic bags in different shape, size, and thickness is likely to enhance the growth of the bio-plastic carrier bags market in the coming few years.
The global market for bio-plastic carrier bags has been categorized on the basis of geography into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, Europe is projected to hold a key share of the overall market in the coming few years. The increasing demand for bio-plastic carrier bags is estimated to enhance the growth of the Europe market in the coming few years. In addition to this, the rising awareness among people concerning the environmental-friendly products is further expected to enhance market growth in the near future.
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The global market for bio-plastic carrier bags is developing at a healthy pace and is estimated to witness a significant level of competition among the key players in the coming years. The leading players in the market are emphasizing on the expansion of product portfolio and technological advancements, which is expected to support the market growth in the near future. Some of the key players operating in the bio-plastic carrier bags market across the globe are Biopak Pty Ltd., Polybags Ltd., Thai Plastic Bags Industries Company Ltd., Bio Bag Americas, Inc., Novamont S.p.A, and ALPAGRO Plastics N.V.