Eco-friendly cotton bags are anticipated to overtake plastic bags in the retail sector during the forecast period. Cotton bags have high printability & shelf appeal as compared to plastic bags. The increasing availability of decorated cotton bags is inciting people to adopt cotton bags increasingly.
The plastic bags ban is projected to fuel the demand for cotton bags. As to the Wall Street Journal, only about 1% of all plastic bags are recycled yearly, and 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.
In turn, this has been a critical 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.
China, India and Australia have levied high taxes on the use of plastic bags, which 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, directly affecting the distributors and producers of single-use plastic bags.
The ban on plastic bags has helped create a white space for new entrants in the cotton bags market. Growing developments promoting research in automatic bag-making machines are also anticipated to impact cotton bag production positively.
End users are attracted to jute bags as they are an economical and functional alternative to cotton bags. Jute bags provide moisture and chemical resistance properties and, thus, provide a suitable solution for packaging food and chemical products. However, Jute bags are expected to hamper the growth of the cotton bags market.
Biodegradable bag manufacturers focus on manufacturing jute bags because of their low-cost production. Jute bags are also lighter and relatively more affordable; thus, end users are expected to adopt jute and hemp bags instead of cotton bags.
Apart from this, the use of paper bags for retail is gradually increasing as paper bags are recyclable, lighter and inexpensive. This factor is also anticipated to impact the Cotton Bags market during the forecast period negatively.
According to the UN Comtrade Database 2015, China, France, Italy and Hong Kong are the most significant global exporters of cotton bags. China leads the way in terms of the export of cotton bags. North America and Europe are the two top export destinations for cotton bags, which can directly be attributed to the high demand for cotton bags from supermarkets and the food industry in the regions.
Regarding taxes and resources, government subsidiaries will be crucial drivers for developing the cotton bag market in India and ASEAN countries.
Some critical global cotton bag market players are Bag Makers, Inc., Hubco, Inc., Central Bag Company, JohnPac, LLC, and more.
The cotton bags market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and participants across the value chain.
The market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, and market attractiveness per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
