The refuse bags market is anticipated to grow at a CAGR of 6.8% over the course of the forecast period, from US$ 2.49 billion in 2022 to US$ 4.81 billion by 2032. Refuse bags or eco-friendly/green plastic waste bags are in demand as a result of rising environmental constraints for garbage bag disposal as well as increased public and legislative concerns about environmental issues.
Additionally, the need for refuse bags for waste collection has been fueled by increased disposable income and consumer purchasing power, fueling the expansion of the refuse bags market. Furthermore, a rise in sales of garbage bags due to their stretchable strength and odour control is anticipated to raise the market share for refuse bags.
Refuse bags are plastic bags mainly used for garbage disposal and bulk storage. The growing awareness towards hygiene result in the consumption of refuse bags. The increase in disposable income in a developed economy, leading to a high living standard driving the market. The rise in trend for biodegradable and recyclable plastic refuse bags growing across the countries driving the market.
Refuse bags are also made from plant-based materials such as cornstarch. It does not have polyethylene and are compostable and biodegradable. It degrades within 45-60 days on its breakdown. Therefore these features attract the customer to go-for eco-friendly refuse bags compared to regular plastic refuse bags.
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The increase in the number of restaurants and hotels results in excretion high volume of waste, which result in the consumption of more refuse bags. Refuse bags are available in various color such as red, yellow, green, blue, and black. Black refuse bags are the most commonly used for the storage of garbage. Hospital and clinic commonly use these colored bags to indicate the type of garbage is collected.
The color code for hospital waste disposable has been set by the government to maintain the hygiene of the hospital. Manufacturing industry use HDPE refuse bags for the industrial application and bulk storage of goods. The refuse bags manufacturers provide a wide range of bags according to the application. The most commonly used bags are heavy-duty refused bags, and regular use refuse bags.
Refuse Bags Market: Dynamics
Retail and industrial end-users drive the demand for refuse bags. It is due to an increase in demand from customers for industrial goods requires refuse bags for storage of waste and other products. The textile and clothing industry uses it for the storage and transportation of finished goods. Increase in a number of corporates hospital is expected to boost the demand for refused bags in the forecast period. This is attributed to increase in hygiene standard set by the government for disposable of biomedical waste. Government initiative such as “Swachh Bharat Abhiyan” and “Clean India Campaign” is expected to create demand for refused bags in India and another such country following these kinds of program.
However, excess use of refuse bags might end up causing environmental issues such as landfill. The refuse bags are made up plastic and are tough to decompose so it is burned. Due to this, it produces a high amount of toxic fumes, which are harmful to the environment. Therefore it results in an increased level of air pollution. The ban on single-use plastic also results in sales of refuse bags.
Refuse Bags Market: Regional Overview
North America is also expected to be the prominent market for refuse bags. It is due to living standard and lifestyle. The Asia Pacific is also expected to witness a positive outlook towards refuse bags during the forecasted period. Owing to the growing consumption of refuse bags for garbage disposable and initiative carried out in India. MEA is also expected to witness positive growth for refuse bags as increase in the number of hotels GCC countries result in excretion of the high volume of organic waste. Therefore the demand for refused bags is expected to increase in MEA during the forecast period.
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Refuse Bags Market: Key Players
Some of the leading players operating in the global Refuse bags market are as follows –
- Berry Plastic Corporation
- The Clorox Company
- The Glad Product Company
- Four Star Plastics
- Mirpack TM
- Primax d.o.o
- International Plastics, Inc.:
- NOVPLASTA, s.r.o
- DAGOPLAST AS
- Terdex GmbH
Refuse Bags Market: Key Development
- In June, 2016, Glad offered free trash bags through bag bank to help individual consumers with their own community service projects.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various refuse bags market factors on market segments and geographies.
Refuse Bags Market: Segmentation
The global Refuse bags market is segmented as follows –
On the basis of material type, the global refuse bags market is segmented into –
- Low-density polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
- High-density polyethylene (HDPE)
- Polypropylene (PP)
- Others
On the basis of capacity, the global refuse bags market is segmented into –
- Up to 10 gallons
- 11-25 gallons
- 26-40 gallons
- 41-55 gallons
- Above 55 gallons
On the basis of end user, the global refuse bags market is segmented into –
- Retail & Consumer
- Institutional
- Industrial
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Refuse Bags Market: Report Highlights
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth segmentation of the global refuse bags market
- Historical, current, and projected size of the global refuse bags, regarding volume and value
- Recent industry trends and developments
- Competitive landscape in the global refuse bags market strategies for key players operating in the protective fabrics and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the global refuse bags market
- Must-have information for global refuse bags market to sustain and enhance their market footprint
What to Expect in Our Report?
(1) A complete section of the Global Refuse Bags market report is dedicated to market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Refuse Bags market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Refuse Bags market.
(4) The report also discusses the competitive situation and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global Refuse Bags market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusions of the research study provided in the Global Refuse Bags Market report.
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https://icelisting.com/story14100657/feed-packaging-market-size-share-growth-report-for-2031
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