Plastic Bag and Sack Market Witnesses Investment in Specialty Bioplastics and Other Biodegradable Options coherentmarketorientedblog.blogspot.com

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.