The Global Plastic Bag Market was valued at USD 3.62 Billion in 2024 and is projected to decline to USD 3.18 Billion by 2032, exhibiting a negative Compound Annual Growth Rate (CAGR) of -1.8% during the forecast period (2024–2032). This market contraction is primarily driven by stringent global environmental regulations, the growing adoption of reusable alternatives, and a significant consumer shift towards sustainability. However, persistent demand in emerging economies and new opportunities in specialized packaging are fostering innovation among key industry players.

As the plastic bag industry navigates this period of transformation towards circular economy principles, the focus is on manufacturers who are pioneering bio-based materials, advanced recycling technologies, and innovative product designs. In this blog, we profile the Top 10 Companies in the Plastic Bag Industry—a group of legacy producers and sustainable innovators who are redefining packaging for a new era.

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🔟 1. Novolex

Headquarters: Hartsville, South Carolina, USA
Key Offering: HDPE, LDPE, and PP bags, Compostable and Recyclable alternatives

Novolex is a dominant force in North America’s plastic packaging landscape, producing a wide array of bags for retail, food service, and industrial applications. The company has aggressively expanded through acquisitions, including the landmark purchase of Heritage Bag Company, solidifying its market leadership. Novolex operates numerous manufacturing facilities across the continent, serving major grocery chains and food distributors.

Sustainability Initiatives:

• Investing over $100 million in recycling infrastructure and sustainable product development

• Expanding its EcoLogic® brand of compostable bags made from plant-based materials

• Committed to making 100% of its products recyclable, compostable, or reusable by 2025

Download FREE Sample Report: Plastic Bag Market – View in Detailed Research Report

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9️⃣ 2. Advance Polybag, Inc.

Headquarters: Sugar Land, Texas, USA
Key Offering: T-shirt bags, merchandise bags, can liners, specialty poly bags

Advance Polybag is a key supplier of polyethylene plastic bags in the Americas, known for its high-volume production capabilities and custom printing services. The company caters to a diverse clientele, including supermarkets, department stores, and industrial packaging distributors. Its vertically integrated operations allow for stringent quality control and competitive pricing.

Sustainability Initiatives:

• Increasing production capacity for bags with high post-consumer recycled (PCR) content

• Developing thinner, source-reduced bag designs to minimize plastic use

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8️⃣ 3. Superbag Corporation

Headquarters: Houston, Texas, USA
Key Offering: Retail carryout bags, trash can liners, institutional bags

Superbag Corporation holds a significant share of the U.S. plastic bag market, with a strong focus on the retail and institutional sectors. The company’s strategy emphasizes operational efficiency and long-term contracts with large retail chains, providing a stable revenue base despite market headwinds.

Sustainability Initiatives:

• Actively promoting its recycling program for film plastics

• Exploring partnerships with resin producers to secure recycled polymer supply

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7️⃣ 4. Cardia Bioplastics

Headquarters: Melbourne, Australia
Key Offering: Biohybrid™ resin and film, Compostable shopping bags

Cardia Bioplastics is a global leader in developing sustainable packaging solutions. Its proprietary Biohybrid™ technology combines renewable starch-based materials with polyolefins, creating products that are partially bio-based and often compostable. The company has a growing presence in markets with strong environmental regulations, such as Europe and Australia.

Sustainability Initiatives:

• Pioneering biodegradable and compostable bag technologies that meet international standards (ASTM D6400, EN13432)

• Focus on reducing the carbon footprint of packaging throughout its lifecycle

Download FREE Sample Report: Plastic Bag Market – View in Detailed Research Report

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6️⃣ 5. Biobag International AS

Headquarters: Askim, Norway
Key Offering: Certified compostable bags for food waste, shopping, and lawn care

Biobag is a world-renowned manufacturer of fully compostable bags made from Mater-Bi®, a bioplastic derived from non-GMO corn starch and other compostable polymers. The company’s products are designed to break down in industrial composting facilities, offering a viable end-of-life solution for organic waste collection.

Sustainability Initiatives:

• World’s leading brand for certified compostable bags

• Active participation in shaping EU policy on biodegradable and compostable plastics

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5️⃣ 6. Unistar Plastics

Headquarters: Atlanta, Georgia, USA
Key Offering: Custom plastic bags, poly sheeting, flexible packaging

Unistar Plastics specializes in custom-engineered plastic bag solutions for industrial, retail, and specialty markets. The company differentiates itself through its technical expertise and ability to produce bags with specific performance characteristics, such as high clarity, strength, and barrier properties.

Sustainability Initiatives:

• Developing mono-material plastic structures to enhance recyclability

• Offering a range of bags made from recycled materials

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4️⃣ 7. Jiangsu Torise Biomaterials Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: PLA (Polylactic Acid) resins and bags, PBAT films, compostable packaging

As a major Chinese producer, Jiangsu Torise is at the forefront of bio-plastic manufacturing in the Asia-Pacific region. The company produces biodegradable树脂 and finished products, capitalizing on growing regional demand for sustainable alternatives, particularly in markets like Japan and South Korea.

Sustainability Initiatives:

• Significant investment in PLA production capacity to serve global markets

• Focus on cost-reduction for bio-based plastics to improve market competitiveness

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3️⃣ 8. Shenzhen Zhengwang Plastic & Rubber Product Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: PE bags, PP woven bags, zipper bags, garbage bags

Shenzhen Zhengwang is a prominent manufacturer and exporter from China’s Guangdong province, leveraging the region’s extensive plastics supply chain. The company produces a vast range of bags for domestic consumption and international export, competing strongly on price and production scale.

Sustainability Initiatives:

• Adapting product lines to meet evolving international standards for recyclability

• Exploring biodegradable additives for conventional polyolefin bags

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2️⃣ 9. Rongcheng Libai Trading Co., Ltd.

Headquarters: Weihai, China
Key Offering: HDPE flat bags, garment bags, vest carrier bags

Rongcheng Libai is another key Chinese player with substantial manufacturing capacity focused on export markets. The company specializes in common bag types used in retail and apparel, benefiting from low production costs and efficient logistics for serving global customers.

Sustainability Initiatives:

• Gradual incorporation of recycled content in response to customer demand

• Investment in more energy-efficient extrusion and printing machinery

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1️⃣ 10. Dongguan Xinhai Environmental Protection Materials Co., Ltd.

Headquarters: Dongguan, China
Key Offering: Degradable garbage bags, shopping bags, dog waste bags

Dongguan Xinhai has positioned itself as a specialist in degradable plastic products, incorporating additives that promote fragmentation under specific conditions. The company serves markets in the Middle East, Africa, and Southeast Asia, where regulatory environments are still evolving.

Sustainability Initiatives:

• Focus on oxo-biodegradable and photodegradable technologies

• Research into enhancing the performance and acceptance of degradable plastics

Get Full Report Here: Plastic Bag Market – View in Detailed Research Report

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🌍 Outlook: The Future of Plastic Bags Is Sustainable and Circular

The plastic bag market is undergoing a fundamental transformation. While traditional polyethylene bags still represent the majority of volume, the industry’s future hinges on the rapid development and adoption of circular economy models, advanced recycling technologies, and bio-based materials.

📈 Key Trends Shaping the Market:

• Accelerated regulatory phase-outs of single-use plastics in over 120 countries

• Strong growth in compostable and bio-based plastic bag segments, projected at 8-10% CAGR

• Increased investment in chemical recycling to handle flexible plastic film waste

• Brand owner and retailer commitments to sustainable packaging driving innovation

Get Full Report Here: Plastic Bag Market – View in Detailed Research Report

The companies listed above are not only supplying essential packaging—they’re leading the critical transition to a more sustainable future for the industry.