Flexible Packaging · Direct
Monitoring · monthlyProcurement Category Intelligence
Plastic Bags
Overview
Market size
$35.1B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
3 high severity
Market outlook
2031$43.1B
What changed
Demand by region
Asia-Pacific demand45%
North America demand22%
Europe demand18%
Latin America demand7%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Polyethylene Resin (HDPE/LDPE/LLDPE)55%
Energy and Plant Utilities15%
Direct and Indirect Labor12%
Logistics and Distribution Freight10%
Additives and Custom Printing Inks8%
share of delivered cost (analyst estimate)