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 total market value reaching USD 37.3 billion by 2018. This steady growth is largely driven by long-standing consumer and producer preferences, as many markets continue to favor traditional plastic packaging solutions. This phenomenon reflects what can be described as market inertia.
In rapidly expanding markets such as China and other developing countries, the increase in production scale of packaging bags and rising demand are closely linked. The report highlights that the Asia-Pacific region is projected to generate the highest revenue by 2018. Within this region, food packaging—particularly beverage packaging—and pharmaceutical packaging are expected to be the two main drivers of growth.
Additionally, improvements in the portability and aesthetic design of packaging have also contributed to rising demand. In more developed regions like Japan and South Korea, the consumer base for packaging remains stable. In industrialized areas such as Central and South America, packaging demand continues to grow steadily. Meanwhile, in mature markets like North America and Western Europe, demand has exceeded expectations, showing a strong upward trend.
Emerging markets such as China, Thailand, and India are considered highly promising, with their robust demand fueling overall growth in the global packaging industry. These trends indicate that plastic packaging will remain a key player in the market for years to come.
This information is sourced from China Packaging Bags Trading Network.
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