Recycled Plastic Bags Market Strategies, Trends, and Forecast by 2031
The Recycled Plastic Bags Market is expected to register a CAGR of 6.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by material (low-density polyethylene, high-density polyethylene, polypropylene, and others). The report is further segmented by end use (shipping and logistics, food packaging, consumer goods, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Recycled Plastic Bags Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Recycled Plastic Bags Market Segmentation
Material- Low-Density Polyethylene
- High-Density Polyethylene
- Polypropylene
- Shipping and Logistics
- Food Packaging
- Consumer Goods
Strategic Insights
Recycled Plastic Bags Market Growth Drivers- Global Concerns and Environmental Sustainability: One of the foremost driving factors for the market of recycled plastic bags is the growing global concern about plastic pollution and environmental sustainability. As the negative impacts of plastic waste on ecosystems, wildlife, and human health are increasingly evident, governments, organizations, and consumers are demanding alternatives to single-use plastic products. Recycled plastic bags increasingly help reduce waste from landfills and oceans and so increasingly find preference over traditional plastic bags. Policy initiatives are also supporting recyclable plastic bags in the form of a ban or tax on plastic bags in various geographies.
- Government Regulations and Policy Support: Around the globe, governments have come up with and put into effect tighter regulations to minimize the usage of plastics and waste generation. Many countries have also integrated legislation that requires recycling and environmentally friendly products. For example, the European Union circular economy action plan promotes the reuse of recycled plastics. It is one of the most important market drivers for recycled plastic bags. Therefore, manufacturers are forced to be more sustainable by using recyclable plastic rather than virgin plastic.
- Cost-Effectiveness of Recycling: Generally, recycling plastic is cheaper than manufacturing virgin plastic bags from raw materials. Recycling utilizes materials that would otherwise contribute to environmental pollution, thus enabling their reuse. Companies find this appealing because it helps lower the cost of production and subsequently passes this cost on to consumers in terms of price. Moreover, low raw material costs also reduce the volatility of oil prices, as virgin plastic raw material is derived from petroleum products.
- Advancements in Recycling Technologies: The advancements in recycling technologies have increased the effectiveness and quality of recycled plastic bags. Some of these technologies include better sorting techniques, automated systems to clean plastic waste, and other decontamination techniques. Such advancements allow manufacturers to come up with high-quality recycled plastic bags that are durable, appealing, and have the functionality required by consumers in high-performance products.
- Growth in E-Commerce and Home Delivery Services: The Rise in the demand for online shopping and home delivery services is influencing the requirement for packaging material recycling, especially plastic bags. Today, with the increasing requirements of e-commerce companies to achieve sustainability goals along with their consumers' increasing demand for eco-friendly packing materials, a considerable portion of the market for recycled plastic bags has begun to flourish.
- Biodegradable and Compostable Additives: Manufacturers are infusing additives biodegradable or compostable within the plastic the improvement the sustainability of the recycled plastic bags. Additives ensure that these bags decay quickly in the conditions set at the landfill site while being much faster than their counterparts composed entirely of plastics. With these trends, the preferences in demand for consumer-friendly environmental products leading to circular economies and the minimization of waste plastics increase.
- Growth Potential in Emerging Markets: There is great potential for growth in emerging markets where plastic waste management systems are still in development, as the demand for recycled plastic bags is high in developed countries. Governments in these regions increasingly focus on sustainability and waste management, thus opening up new opportunities for recycled plastic products. The entry in these markets enables companies to access an emerging growing consumer base that is becoming more environmentally sensitive.
- Custom, Durable, and High-Quality Recycled Plastic Bags: Consumers increasingly demand custom, durable, and high-quality recycled plastic bags as much as they are alert to their environment. Here, companies can take benefit of this trend by promoting custom orders of bags under unique designs, color preferences, and sizes. This creates potential for innovation in product offerings attractive to both the eco-conscious consumer and the businessperson that needs branded sustainable packaging.
- Adoption of Sustainability Goals by Retailers and Brands: Retailers and brands have increasingly adopted sustainability goals to reduce plastic waste and favor recycled materials. This is an open opportunity for the manufacturers of recycled plastic bags to market their products to large retail chains, grocery stores, and e-commerce platforms. These can be exclusive supplies of eco-friendly bags, thus creating long-term business relationships and opening new revenues.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Recycled Plastic Bags Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Recycled Plastic Bags Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Recycled Plastic Bags Market is estimated to witness a CAGR of 6.4% from 2023 to 2031
The major factors driving the recycled plastic market are:
1. Rising Environmental Awareness.
2. Cost-Effectiveness of Recycling.
Aalmir Plastic Industries, American Plastic, Crown Poly Inc, Endura Pack LLC, Green Bell Packaging, GreenPolly, Papier-Mettler KG, Plasbel Plásticos SAU, SL BAGS, and Zubairi Packaging LLC
On the basis of geography, the recycled plastic market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Growth of e-commerce and delivery services is expected to be the key market trend.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Recycled Plastic Bags Market - By By Product
1.3.2Recycled Plastic Bags Market - By Thickness
1.3.3Recycled Plastic Bags Market - By Material
1.3.4Recycled Plastic Bags Market - By Distribution Channel
1.3.5Recycled Plastic Bags Market - By Region
1.3.5.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.RECYCLED PLASTIC BAGS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.RECYCLED PLASTIC BAGS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.RECYCLED PLASTIC BAGS MARKET - GLOBAL MARKET ANALYSIS
6.1.RECYCLED PLASTIC BAGS - GLOBAL MARKET OVERVIEW
6.2.RECYCLED PLASTIC BAGS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.RECYCLED PLASTIC BAGS MARKET - REVENUE AND FORECASTS TO 2028 â" BY PRODUCT
7.1.OVERVIEW
7.2.BY PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.WOVEN BAGS
7.3.1.Overview
7.3.2.Woven Bags Market Forecast and Analysis
7.4.NON-WOVEN BAGS
7.4.1.Overview
7.4.2.Non-Woven Bags Market Forecast and Analysis
8.RECYCLED PLASTIC BAGS MARKET - REVENUE AND FORECASTS TO 2028 â" THICKNESS
8.1.OVERVIEW
8.2.THICKNESS MARKET FORECASTS AND ANALYSIS
8.3.BELOW 100 GSM
8.3.1.Overview
8.3.2.Below 100 GSM Market Forecast and Analysis
8.4.100-120 GSM
8.4.1.Overview
8.4.2.100-120 GSM Market Forecast and Analysis
8.5.ABOVE 120 GSM
8.5.1.Overview
8.5.2.Above 120 GSM Market Forecast and Analysis
9.RECYCLED PLASTIC BAGS MARKET - REVENUE AND FORECASTS TO 2028 â" MATERIAL
9.1.OVERVIEW
9.2.MATERIAL MARKET FORECASTS AND ANALYSIS
9.3.POLYPROPYLENE
9.3.1.Overview
9.3.2.Polypropylene Market Forecast and Analysis
9.4.POLYETHYLENE
9.4.1.Overview
9.4.2.Polyethylene Market Forecast and Analysis
10.RECYCLED PLASTIC BAGS MARKET - REVENUE AND FORECASTS TO 2028 â" DISTRIBUTION CHANNEL
10.1.OVERVIEW
10.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3.SUPERMARKETS AND HYPERMARKETS
10.3.1.Overview
10.3.2.Supermarkets and Hypermarkets Market Forecast and Analysis
10.4.CONVENIENT STORES
10.4.1.Overview
10.4.2.Convenient Stores Market Forecast and Analysis
10.5.ONLINE RETAIL
10.5.1.Overview
10.5.2.Online Retail Market Forecast and Analysis
10.6.OTHERS
10.6.1.Overview
10.6.2.Others Market Forecast and Analysis
11.RECYCLED PLASTIC BAGS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
11.1.NORTH AMERICA
11.1.1North America Recycled Plastic Bags Market Overview
11.1.2North America Recycled Plastic Bags Market Forecasts and Analysis
11.1.3North America Recycled Plastic Bags Market Forecasts and Analysis - By By Product
11.1.4North America Recycled Plastic Bags Market Forecasts and Analysis - By Thickness
11.1.5North America Recycled Plastic Bags Market Forecasts and Analysis - By Material
11.1.6North America Recycled Plastic Bags Market Forecasts and Analysis - By Distribution Channel
11.1.7North America Recycled Plastic Bags Market Forecasts and Analysis - By Countries
11.1.7.1United States Recycled Plastic Bags Market
11.1.7.1.1United States Recycled Plastic Bags Market by By Product
11.1.7.1.2United States Recycled Plastic Bags Market by Thickness
11.1.7.1.3United States Recycled Plastic Bags Market by Material
11.1.7.1.4United States Recycled Plastic Bags Market by Distribution Channel
11.1.7.2Canada Recycled Plastic Bags Market
11.1.7.2.1Canada Recycled Plastic Bags Market by By Product
11.1.7.2.2Canada Recycled Plastic Bags Market by Thickness
11.1.7.2.3Canada Recycled Plastic Bags Market by Material
11.1.7.2.4Canada Recycled Plastic Bags Market by Distribution Channel
11.1.7.3Mexico Recycled Plastic Bags Market
11.1.7.3.1Mexico Recycled Plastic Bags Market by By Product
11.1.7.3.2Mexico Recycled Plastic Bags Market by Thickness
11.1.7.3.3Mexico Recycled Plastic Bags Market by Material
11.1.7.3.4Mexico Recycled Plastic Bags Market by Distribution Channel
11.2.EUROPE
11.2.1Europe Recycled Plastic Bags Market Overview
11.2.2Europe Recycled Plastic Bags Market Forecasts and Analysis
11.2.3Europe Recycled Plastic Bags Market Forecasts and Analysis - By By Product
11.2.4Europe Recycled Plastic Bags Market Forecasts and Analysis - By Thickness
11.2.5Europe Recycled Plastic Bags Market Forecasts and Analysis - By Material
11.2.6Europe Recycled Plastic Bags Market Forecasts and Analysis - By Distribution Channel
11.2.7Europe Recycled Plastic Bags Market Forecasts and Analysis - By Countries
11.2.7.1Germany Recycled Plastic Bags Market
11.2.7.1.1Germany Recycled Plastic Bags Market by By Product
11.2.7.1.2Germany Recycled Plastic Bags Market by Thickness
11.2.7.1.3Germany Recycled Plastic Bags Market by Material
11.2.7.1.4Germany Recycled Plastic Bags Market by Distribution Channel
11.2.7.2France Recycled Plastic Bags Market
11.2.7.2.1France Recycled Plastic Bags Market by By Product
11.2.7.2.2France Recycled Plastic Bags Market by Thickness
11.2.7.2.3France Recycled Plastic Bags Market by Material
11.2.7.2.4France Recycled Plastic Bags Market by Distribution Channel
11.2.7.3Italy Recycled Plastic Bags Market
11.2.7.3.1Italy Recycled Plastic Bags Market by By Product
11.2.7.3.2Italy Recycled Plastic Bags Market by Thickness
11.2.7.3.3Italy Recycled Plastic Bags Market by Material
11.2.7.3.4Italy Recycled Plastic Bags Market by Distribution Channel
11.2.7.4United Kingdom Recycled Plastic Bags Market
11.2.7.4.1United Kingdom Recycled Plastic Bags Market by By Product
11.2.7.4.2United Kingdom Recycled Plastic Bags Market by Thickness
11.2.7.4.3United Kingdom Recycled Plastic Bags Market by Material
11.2.7.4.4United Kingdom Recycled Plastic Bags Market by Distribution Channel
11.2.7.5Russia Recycled Plastic Bags Market
11.2.7.5.1Russia Recycled Plastic Bags Market by By Product
11.2.7.5.2Russia Recycled Plastic Bags Market by Thickness
11.2.7.5.3Russia Recycled Plastic Bags Market by Material
11.2.7.5.4Russia Recycled Plastic Bags Market by Distribution Channel
11.2.7.6Rest of Europe Recycled Plastic Bags Market
11.2.7.6.1Rest of Europe Recycled Plastic Bags Market by By Product
11.2.7.6.2Rest of Europe Recycled Plastic Bags Market by Thickness
11.2.7.6.3Rest of Europe Recycled Plastic Bags Market by Material
11.2.7.6.4Rest of Europe Recycled Plastic Bags Market by Distribution Channel
11.3.ASIA-PACIFIC
11.3.1Asia-Pacific Recycled Plastic Bags Market Overview
11.3.2Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis
11.3.3Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis - By By Product
11.3.4Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis - By Thickness
11.3.5Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis - By Material
11.3.6Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis - By Distribution Channel
11.3.7Asia-Pacific Recycled Plastic Bags Market Forecasts and Analysis - By Countries
11.3.7.1Australia Recycled Plastic Bags Market
11.3.7.1.1Australia Recycled Plastic Bags Market by By Product
11.3.7.1.2Australia Recycled Plastic Bags Market by Thickness
11.3.7.1.3Australia Recycled Plastic Bags Market by Material
11.3.7.1.4Australia Recycled Plastic Bags Market by Distribution Channel
11.3.7.2China Recycled Plastic Bags Market
11.3.7.2.1China Recycled Plastic Bags Market by By Product
11.3.7.2.2China Recycled Plastic Bags Market by Thickness
11.3.7.2.3China Recycled Plastic Bags Market by Material
11.3.7.2.4China Recycled Plastic Bags Market by Distribution Channel
11.3.7.3India Recycled Plastic Bags Market
11.3.7.3.1India Recycled Plastic Bags Market by By Product
11.3.7.3.2India Recycled Plastic Bags Market by Thickness
11.3.7.3.3India Recycled Plastic Bags Market by Material
11.3.7.3.4India Recycled Plastic Bags Market by Distribution Channel
11.3.7.4Japan Recycled Plastic Bags Market
11.3.7.4.1Japan Recycled Plastic Bags Market by By Product
11.3.7.4.2Japan Recycled Plastic Bags Market by Thickness
11.3.7.4.3Japan Recycled Plastic Bags Market by Material
11.3.7.4.4Japan Recycled Plastic Bags Market by Distribution Channel
11.3.7.5South Korea Recycled Plastic Bags Market
11.3.7.5.1South Korea Recycled Plastic Bags Market by By Product
11.3.7.5.2South Korea Recycled Plastic Bags Market by Thickness
11.3.7.5.3South Korea Recycled Plastic Bags Market by Material
11.3.7.5.4South Korea Recycled Plastic Bags Market by Distribution Channel
11.3.7.6Rest of Asia-Pacific Recycled Plastic Bags Market
11.3.7.6.1Rest of Asia-Pacific Recycled Plastic Bags Market by By Product
11.3.7.6.2Rest of Asia-Pacific Recycled Plastic Bags Market by Thickness
11.3.7.6.3Rest of Asia-Pacific Recycled Plastic Bags Market by Material
11.3.7.6.4Rest of Asia-Pacific Recycled Plastic Bags Market by Distribution Channel
11.4.MIDDLE EAST AND AFRICA
11.4.1Middle East and Africa Recycled Plastic Bags Market Overview
11.4.2Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis
11.4.3Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis - By By Product
11.4.4Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis - By Thickness
11.4.5Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis - By Material
11.4.6Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis - By Distribution Channel
11.4.7Middle East and Africa Recycled Plastic Bags Market Forecasts and Analysis - By Countries
11.4.7.1South Africa Recycled Plastic Bags Market
11.4.7.1.1South Africa Recycled Plastic Bags Market by By Product
11.4.7.1.2South Africa Recycled Plastic Bags Market by Thickness
11.4.7.1.3South Africa Recycled Plastic Bags Market by Material
11.4.7.1.4South Africa Recycled Plastic Bags Market by Distribution Channel
11.4.7.2Saudi Arabia Recycled Plastic Bags Market
11.4.7.2.1Saudi Arabia Recycled Plastic Bags Market by By Product
11.4.7.2.2Saudi Arabia Recycled Plastic Bags Market by Thickness
11.4.7.2.3Saudi Arabia Recycled Plastic Bags Market by Material
11.4.7.2.4Saudi Arabia Recycled Plastic Bags Market by Distribution Channel
11.4.7.3U.A.E Recycled Plastic Bags Market
11.4.7.3.1U.A.E Recycled Plastic Bags Market by By Product
11.4.7.3.2U.A.E Recycled Plastic Bags Market by Thickness
11.4.7.3.3U.A.E Recycled Plastic Bags Market by Material
11.4.7.3.4U.A.E Recycled Plastic Bags Market by Distribution Channel
11.4.7.4Rest of Middle East and Africa Recycled Plastic Bags Market
11.4.7.4.1Rest of Middle East and Africa Recycled Plastic Bags Market by By Product
11.4.7.4.2Rest of Middle East and Africa Recycled Plastic Bags Market by Thickness
11.4.7.4.3Rest of Middle East and Africa Recycled Plastic Bags Market by Material
11.4.7.4.4Rest of Middle East and Africa Recycled Plastic Bags Market by Distribution Channel
11.5.SOUTH AND CENTRAL AMERICA
11.5.1South and Central America Recycled Plastic Bags Market Overview
11.5.2South and Central America Recycled Plastic Bags Market Forecasts and Analysis
11.5.3South and Central America Recycled Plastic Bags Market Forecasts and Analysis - By By Product
11.5.4South and Central America Recycled Plastic Bags Market Forecasts and Analysis - By Thickness
11.5.5South and Central America Recycled Plastic Bags Market Forecasts and Analysis - By Material
11.5.6South and Central America Recycled Plastic Bags Market Forecasts and Analysis - By Distribution Channel
11.5.7South and Central America Recycled Plastic Bags Market Forecasts and Analysis - By Countries
11.5.7.1Brazil Recycled Plastic Bags Market
11.5.7.1.1Brazil Recycled Plastic Bags Market by By Product
11.5.7.1.2Brazil Recycled Plastic Bags Market by Thickness
11.5.7.1.3Brazil Recycled Plastic Bags Market by Material
11.5.7.1.4Brazil Recycled Plastic Bags Market by Distribution Channel
11.5.7.2Argentina Recycled Plastic Bags Market
11.5.7.2.1Argentina Recycled Plastic Bags Market by By Product
11.5.7.2.2Argentina Recycled Plastic Bags Market by Thickness
11.5.7.2.3Argentina Recycled Plastic Bags Market by Material
11.5.7.2.4Argentina Recycled Plastic Bags Market by Distribution Channel
11.5.7.3Rest of South and Central America Recycled Plastic Bags Market
11.5.7.3.1Rest of South and Central America Recycled Plastic Bags Market by By Product
11.5.7.3.2Rest of South and Central America Recycled Plastic Bags Market by Thickness
11.5.7.3.3Rest of South and Central America Recycled Plastic Bags Market by Material
11.5.7.3.4Rest of South and Central America Recycled Plastic Bags Market by Distribution Channel
12.INDUSTRY LANDSCAPE
12.1.MERGERS AND ACQUISITIONS
12.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3.NEW PRODUCT LAUNCHES
12.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13.RECYCLED PLASTIC BAGS MARKET, KEY COMPANY PROFILES
13.1.AALMIR PLASTIC INDUSTRIES
13.1.1.Key Facts
13.1.2.Business Description
13.1.3.Products and Services
13.1.4.Financial Overview
13.1.5.SWOT Analysis
13.1.6.Key Developments
13.2.CUSTOM GROCERY BAGS
13.2.1.Key Facts
13.2.2.Business Description
13.2.3.Products and Services
13.2.4.Financial Overview
13.2.5.SWOT Analysis
13.2.6.Key Developments
13.3.NORTH AMERICAN PLASTICS AND CHEMICALS
13.3.1.Key Facts
13.3.2.Business Description
13.3.3.Products and Services
13.3.4.Financial Overview
13.3.5.SWOT Analysis
13.3.6.Key Developments
13.4.POLYBAGS LIMITED.
13.4.1.Key Facts
13.4.2.Business Description
13.4.3.Products and Services
13.4.4.Financial Overview
13.4.5.SWOT Analysis
13.4.6.Key Developments
13.5.POLYKAR INDUSTRIES INC.
13.5.1.Key Facts
13.5.2.Business Description
13.5.3.Products and Services
13.5.4.Financial Overview
13.5.5.SWOT Analysis
13.5.6.Key Developments
13.6.RAGBAG
13.6.1.Key Facts
13.6.2.Business Description
13.6.3.Products and Services
13.6.4.Financial Overview
13.6.5.SWOT Analysis
13.6.6.Key Developments
13.7.RECYCLE BAGS
13.7.1.Key Facts
13.7.2.Business Description
13.7.3.Products and Services
13.7.4.Financial Overview
13.7.5.SWOT Analysis
13.7.6.Key Developments
13.8.SAPPHIRE PACKAGING CO., LTD
13.8.1.Key Facts
13.8.2.Business Description
13.8.3.Products and Services
13.8.4.Financial Overview
13.8.5.SWOT Analysis
13.8.6.Key Developments
13.9.TRANSPACK LTD
13.9.1.Key Facts
13.9.2.Business Description
13.9.3.Products and Services
13.9.4.Financial Overview
13.9.5.SWOT Analysis
13.9.6.Key Developments
13.10.VICBAG GROUP
13.10.1.Key Facts
13.10.2.Business Description
13.10.3.Products and Services
13.10.4.Financial Overview
13.10.5.SWOT Analysis
13.10.6.Key Developments
14.APPENDIX
14.1.ABOUT THE INSIGHT PARTNERS
14.2.GLOSSARY OF TERMS
1. Aalmir Plastic Industries
2. Custom Grocery Bags
3. North American Plastics and Chemicals
4. Polybags Limited.
5. Polykar Industries Inc.
6. Ragbag
7. Recycle Bags
8. SAPPHIRE PACKAGING CO., Ltd
9. Transpack Ltd
10. Vicbag Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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