Biodegradable Plastic Bags and Sacks Market: Comprehensive Analysis and Future Estimations 2017 - 2022
The biodegradable plastic bags and sacks market have consolidated landscape owing to increasing strategic business activities. The key players operating in the biodegradable plastic bags and sacks market are trying to provide improved and versatile products. The players are focusing to offer high quality and biodegradable additives so as to gain more shares than other rivals. In addition, several players are indulging in strategic business activities such as mergers and acquisitions to improve their global presence. Some of the players operating into biodegradable plastic bags and sacks market include Novolex, Shabra Group, Xtex Polythene Ltd., International Plastics Inc., and Ampac Holdings LLC. According to the TMR, the biodegradable plastic bags and sacks market stood at the US$1.4075 in 2017. The market is expected to expand with a CAGR of 6.9% over the forecast period of 2017 from 2022 to reach the valuation of US$2.052 bn by the end of 2022. On the basis of type, P...