Plastic Bags Ban is projected to Fuel the Demand for Cotton Bags
As per the Wall Street Journal, only about 1% of all plastic bags are recycled every year, the rest are dumped into landfills. Increasing intolerance towards plastic bags has resulted in governments across the world levying regulations limiting the usage of plastic bags. This, in turn, has been a key factor driving the growth of the global market for cotton bags. Plastic bags are banned in Washington, San Francisco, Seattle and Boston. This particular factor is anticipated to increase the demand for cotton bags in the United States during the forecast period.
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China, India and Australia have levied high taxes on the use of plastic bags, which in turn, will create excellent opportunities for the key players operating in the Asia Pacific cotton bags market. In 2017, Kenya pushed a country-level ban on plastic bags, which directly affected the distributors and producers of single-use plastic bags. The ban on plastic bags has been helpful in creating a white space for new entrants in the cotton bags market. Growing developments which have been promoting research in the field of automatic bag making machines are also anticipated to positively impact the production of cotton bags.
Jute Bags Are Expected to Hamper the Growth of Cotton Bags Market
End users are getting attracted towards jute bags as they are an economic and functional alternative to cotton bags. Jute bags provide moisture and chemical resistance properties and thus, provide a suitable solution for the packaging of food and chemical products. Biodegradable bag manufacturers are focusing on the manufacturing of jute bags owing to their low-cost production. Jute bags are also lighter in weight and relatively more affordable and thus, end users are expected to adopt jute and hemp bags instead of cotton bags. That apart, the use of paper bags for retail purposes is gradually increasing as paper bags are recyclable, lighter and inexpensive. This factor is also anticipated to negatively impact the Cotton Bags market during the forecast period
According to the UN Comtrade Database 2015, China, France, Italy and Hong Kong are the biggest global exporters of cotton bags. China leads the way in terms of export of cotton bags. North America and Europe are the two top export destinations for cotton bags, which can directly be attributed to high demand for cotton bags from supermarkets and food industry in the regions. Government subsidiaries in terms of taxes and resources will act as crucial drivers for the development of the cotton bags market in India and ASEAN countries.
Global Cotton Bags Market: Key Players
Some of the key players operating in the global cotton bags market are as follows:
The cotton bags market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global cotton bags market has been divided into seven regions –
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The global cotton bags market is segmented on the basis of end users, type of bags and capacity.
On the basis of capacity, the global cotton bags market has been segmented into:
On the basis of end users, the global cotton bags market has been segmented into:
On the basis of the type of cotton bags, the global cotton bags market has been segmented into:
Report Highlights:
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