According to the report of Transparency Market Research (TMR), it is expected that the plastic bags and sacks market around the world will increase at a CAGR of over 3.4% from 2016 to 2024. Plastic bags and sacks are usually made of thin, flexible plastic film and non-woven fabric by the process of extrusion, and they are applied in various industries such as food & beverages, chemicals, pharmaceuticals, healthcare, and industrial products. The demand for plastic bags and sacks is projected to increase due to the rising demand for food & beverage, consumer goods, and grocery in the retail industry and the increasing number of modern retail formats such as hypermarkets, supermarkets, and convenience stores. Based on material type, plastic bags and sacks market around the world is segmented into biodegradable and non-biodegradable. The former is further sub-segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch blend resin, and others. The latter is sub-segmented into high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), polypropylene (PP), polystyrene (PS), and others. Non-biodegradable segment accounts for a significant share in terms of volume of the total plastic bags and sacks market. However, biodegradable segment is expected to increase at a higher CAGR from 2016 to 2024. By non-biodegradable segment, HDPE sub-segment is expected to dominate in terms of volume; however, LLDPE sub-segment, followed by LDPE sub-segment, is likely to be the most attractive in growth rate. Based on product type, plastic bags and sacks market around the world is segmented into T-shirt bags, trash bags, gusseted bags, lay flat bags, rubble sacks, woven sacks, and others. Based on application, plastic bags & sacks market around the world is segmented into retail & consumer, institutional, and industrial. Retail & consumer segment is further sub-segmented into food & beverage, grocery products, clothing & apparel, and others. Based on region, plastic bags and sacks market around the world is segmented into Europe, North America, Latin America, Asia Pacific, and Middle East and Africa. In terms of revenue, it is estimated that Europe will dominate the global plastic bags & sacks market, followed by North America. However, Asia Pacific is expected to grow at the highest CAGR and be the most attractive region in the global plastic bags & sacks market from 2016 to 2024.