According to a report by the Cleveland Industrial Market Research Corporation, global demand for plastic bags is expected to grow at an annual rate of 6.2%, with the total market value reaching USD 37.3 billion by 2018. This steady increase is largely driven by long-standing consumer and producer preferences for traditional plastic packaging solutions, which reflect a form of market inertia. In rapidly expanding markets like China and other developing countries, the growth in production capacity for packaging bags and rising demand are closely linked, creating a positive feedback loop.
The report highlights that the Asia-Pacific region will lead in revenue generation by 2018, with food packaging—particularly beverage packaging—and pharmaceutical packaging serving as the primary drivers of growth. These sectors are experiencing strong demand due to increasing health awareness, urbanization, and evolving consumer habits.
In addition, advancements in packaging design and portability have further boosted market interest. In more developed economies such as Japan and South Korea, the consumer base for packaging remains stable, while in high-growth industrial regions like Central and South America, packaging demand continues to rise steadily. North America and Western Europe, known for their mature markets, have seen demand growth that exceeds expectations, driven by innovation and sustainability trends.
Emerging markets such as China, Thailand, and India are showing tremendous potential, with robust demand fueling overall market expansion. As these economies continue to develop, the packaging industry is set to benefit from both increased consumption and improved infrastructure.
This information is sourced from the China Packaging Bags Trading Network.
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