Plastic bag ban is expected to boost demand for cotton bags
According to the Wall Street Journal, only about 1% of all plastic bags are recycled each year and the rest goes to landfills. As intolerance to plastic bags grows, governments around the world have imposed regulations restricting the use of plastic bags. This, in turn, has been a key factor driving the growth of the global cotton bag market. Plastic bags are banned in Washington, San Francisco, Seattle and Boston.
This particular factor is expected to increase the demand for cotton bags in the US over the forecast period. China, India and Australia have imposed high taxes on the use of plastic bags, which in turn will create great opportunities for key players operating in the Asia Pacific cotton bag market. In 2017, Kenya pushed for a national ban on plastic bags. This has had a direct impact on distributors and producers of single-use plastic bags. The plastic bag ban has helped create a margin for new entrants to the cotton bag market. Growing developments driving research in the field of automatic bag making machines are also expected to have a positive impact on cotton bag production.
Jute bags are expected to hinder the growth of the cotton bags market
End users are attracted to jute bags because they are an economical and functional alternative to cotton bags. Jute bags provide moisture and chemical resistance, providing a suitable solution for packaging food and chemical products. Manufacturers of biodegradable bags are focusing on making jute bags because of their low cost. Jute bags are also lighter in weight and relatively inexpensive, so end-users are expected to adopt jute and hemp bags instead of cotton bags. Beyond that, retail paper bags are increasingly being used because they are recyclable, lightweight and inexpensive. This factor is also expected to negatively impact the Cotton Bags market during the forecast period
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According to the UN Comtrade Database 2015, China, France, Italy and Hong Kong are the world’s largest exporters of cotton bags. China leads the way in exporting cotton bags. North America and Europe are the two main export destinations for cotton bags, which can be directly attributed to the high demand for cotton bags in the region’s supermarkets and food industries. In terms of tax and resources, government subsidiaries will act as an important driver for the development of the cotton bag market in India and ASEAN countries.
Global Cotton Bags Market: Key Players
The key players operating in the global Cotton Bags market are:
- Bag Maker, Inc.
- Herbco Co., Ltd.
- Central Bag Company
- Johnpack, LLC
- Altex International
- Pearl Bag Factory LLP
- Richie Bags Fashion Pvt. Corporation
- Green Packaging Industries Private Limited
- Goda Co., Ltd.
- direct trade back company
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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.
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The global cotton bag market is segmented into 7 regions.
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East and Africa (MEA)