Plastic Bag and Sack Market Witnesses Investment in Specialty Bioplastics and Other Biodegradable Options
A plastic bag, plastic carrier bag, polybag, or grocery bag is a sort of reusable container usually made of thick, flexible, transparent plastic, non-woven cloth, or sometimes plastic textile. Plastic bags are generally used for carrying and containing goods like food, produce, powder, ice, liquids, and chemicals. Significant growth in the FMCG sector is thus expected to propel growth of the plastic bag and sack market. According to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18. Specialty bioplastics are a new trend in the plastic bag and sack market . In October 2020, researchers from JAIST and U-Tokyo University reported development of white biotechnological conversion of cellulosic biomass to aromatic polymers with highest thermal degradation of all plastics. Plastic bag and sacks are very popular form of packaging used today. However, it...