Flexible Packaging

Plastic Bags: Market Size, Growth & Forecast to 2030

The Plastic Bags market is valued at about $38.4 billion (2026) and is projected to grow at a 3.8% CAGR through 2030. The largest cost driver is Polyethylene Resin (HDPE/LDPE/LLDPE) (55% of spend). Asia-Pacific leads demand at 45%.

Market size
$38.4 bn (2026)
CAGR to 2030
+3.8%
Buyer power
Favours buyers
Tracked suppliers
16500
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 3.8% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 121

Cost structure

Polyethylene Resin (HDPE/LDPE/LLDPE)
55%
Energy and Plant Utilities
15%
Direct and Indirect Labor
12%
Logistics and Distribution Freight
10%
Additives and Custom Printing Inks
8%

Regional demand split

Asia-Pacific demand
45%
North America demand
22%
Europe demand
18%
Latin America demand
7%
Rest of world demand
8%

Key suppliers

Berry Global Group Inc.Novolex Holdings LLCInteplast Group CorporationAmcor plcPoly-America L.P.Advance Polybag, Inc.
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/plastic-bags