Based on the Region, the global Retail Bags are segmented into North America, Europe, Asia-Pacific, Africa, Latin America, Middle East. The Asia-Pacific dominated the global market in 2024, while the Europe is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the Asia-Pacific market are Asia-Pacific is a region exhibiting a lot of diversity whereby retail bags are influenced by the levels of industrialization as well as the varied nature of consumer behavior and regulatory settings. Increasing consumer spending and fast urbanization are driving the growth of retail bags in China, India, and Japan.
The UN-Habitat states Asia and the Pacific are home to over 2.2 billion people, which is more than half of the global urban population, and that by 2050 this figure will see a 50% increase. Here, however, serious environmental issues emanating from plastic waste management exist. Thus, in a campaign largely enacted by standard law-the Plastic Pollution Control Action Plan-aiming at reducing, by a significant amount, plastic waste by 2025, the Chinese Government imposed a stringent mode of operations against the premises of plastic waste management.
The banning of plastic bags has been introduced in India, especially in urban centers, which is driving the demand for alternatives in packaging material.
FIGURE 3: RETAIL BAGS MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Switzerland, Belgium, Czech Republic, Portugal, Rest of Europe, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Nigeria, Ethiopia, Egypt, Democratic Republic of the Congo (DRC), Tanzania, South Africa, Morocco, Algeria, Tunisia, Rest of Africa, Brazil, Colombia, Argentina, Peru, Venezuela, Chile, Panama, Rest of Latin America and others.
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