The trash can liners market is on an upward trajectory, with a projected compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2032. This growth is expected to elevate the market’s value from US$350 million in 2022 to an impressive US$543.54 million by 2032, highlighting the market’s promising prospects in this decade.
Several factors contribute to this optimistic outlook. The ever-increasing industrialization and urbanization have paved the way for trash can liners to become a more common product for retail applications. The consumption of trash can liners has been steadily increasing, and this trend is anticipated to persist in the future.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-10780
Government regulations, coupled with dense populations and rising per capita incomes, are the driving forces behind this market’s growth. North America and Europe are poised for substantial expansion in the trash can liners market. Developing nations like Germany and the UK are expected to contribute significantly to the European market’s demand for trash can liners.
Furthermore, the growing middle-income group and the quest for better living standards are set to boost the European trash can liners market during the forecast period. It’s worth noting that these trash can liners often come equipped with odor control features, enhancing their appeal in the market. As consumers continue to prioritize hygiene and convenience, the trash can liners industry is well-positioned for a prosperous future.
What are the Main Factors Affecting the Market Share for Trash Can Liners?
It is significant to note that the main causes of the rise in global demand for garbage can liners are changes in consumer lifestyles, rising environmental and health awareness, as well as the numerous environmental legislation being adopted by governments all over the world. Considering the value-added features encompassing everything from waste handling to transportation and garbage distribution, trash can liners are expected to create significant opportunities for market growth and investment for players, particularly in the developing countries.
Trash can liners are used to line the insides of waste containers and dustbins. This trash can liners come in many colors such as green, pink, black, transparent or white, etc. which are available in the market in different sizes, according to their end-use. The trash can liners have a wide range of applications in people’s day- to day lives such as restaurants, offices, households, industries, hospitals, shops, etc.
In the future, environmental and health consciousness among consumers and supporting environmental policies adopted by governments in different regions are likely to have a positive impact on the market for trash can liners. Moreover, increasing per capita disposable income also increases the demand for cost-effective and compact trash can liners, which further increases the growth in the market for trash can liners over the forecast period. Thus, taxation and stringent environment policies over the use of a trash can liners to diminish the harmful environmental effects that might hamper the trash can liners market in the upcoming years.
Market Dynamics:
The change in the lifestyle of consumers, increasing environmental and health awareness and environmental support policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for trash can liners. Because of the value added features from waste handling to transportation and garbage distribution, trash can liners are expected to create significant opportunities for growth and investment for market players, particularly in the developing countries.
Also, in the developing nations, where the consumer demand for garbage storage and handling bags is high, the trash can liners market is expected to continue to grow steadily. The main driver for trash can liners market growth are local packaging companies, private consumers and retailers which focus more on delivering the product in the local market.
Ask an Analyst: https://www.futuremarketinsights.com/askus/rep-gb-10780
Key Players:
Allied Plastics,
The Clorox Company,
Reynolds Consumer Products,
Poly-America, L.P.,
Berry Global Inc.,
International Plastics Inc.,
Cosmoplast Industrial Company LLc,
Novolex,
NOVPLASTA,
Dagoplast,
Terdex,
MirPack,
Four Star Plastics,
Luban Pack,
Extrapack,
Clorox Australia,
Achaika Plastic,
Kemii Garbage Bag Co., Inteplast Group, Ltd, Primax, Berry Plastic Corporation, and many more. Many local and unorganized players are expected to contribute to the trash can liners market.
The report is the compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the trash can liners market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with trash can liners market attractiveness as per segments. The report also maps the qualitative impact of various factors on trash can liners market segments and geographies.
Report Customization available: https://www.futuremarketinsights.com/customization-available/rep-gb-10780
Key Segmentation:
By Material Type:
- Polyethylene (PE)
- Low-Density Polyethylene (LDPE)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LLDPE)
- Polypropylene (PP)
- Others
By size:
- Small Size (Up to 5 Liters)
- Medium Size (Between 5 and 20 Liters)
- Large Size (More Than 20 Liters)
By End-use:
- Retail and Consumer
- Institutional
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
