The USA Leads the Way: Compostable & Biodegradable Refuse Bags Market in North America, Rising To US$ 653.0 Million By 2033 | FMI Reports

The compostable & biodegradable refuse bags market is predicted at a valuation of US$ 318.1 million in 2023 and is expected to reach US$ 653.0 million by 2033. The market is likely to register a CAGR of 7.5% during the forecast period.

India’s compostable and biodegradable refuse bags market is poised for significant growth, with a projected CAGR of 10.1% during the forecast period, leading to a valuation of US$ 33.7 million in the global market. India has traditionally been a major consumer of plastic bags, but changing economic conditions and increased government initiatives are altering this landscape. Growing awareness of the harmful effects of plastics and the advantages of eco-friendly plastic bags are creating lucrative opportunities for market players. The Indian government, in line with its efforts to reduce pollution, has banned single-use plastics in 2021, promoting the adoption of compostable refuse bags. The market is also benefiting from increased participation by domestic and international players, historically recording a CAGR of 8.6% between 2017 and 2022.

In the North America region, the United States maintains its dominance in the compostable and biodegradable refuse bags market, with a projected CAGR of 7.2% and a valuation of US$ 140.5 million during the forecast period. This growth is attributed to rising consumer awareness, advanced manufacturing technologies, and the presence of leading market players. The USA’s significant plastic waste production and increasing pollution levels are driving demand for eco-friendly organic products, with the expanding food and beverage sector further fueling the market’s growth. Historically, the USA’s compostable and biodegradable refuse bags market demonstrated a CAGR of 7.6% between 2017 and 2022.

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The increasing demand for eco-friendly plastic alternatives and pollution control favors the adoption of compostable & biodegradable refuse bags. The growing population, non-degradable garbage bags, and toxic environment are increasing the demand for compostable & biodegradable refuse bags. Moreover, rising demand for organic products, advanced technology, and growing awareness-related health further drive the market opportunities.

Various end-use industries, such as retail, industrial and institutional, are propelling the compostable & biodegradable refuse bags market size. The increasing amount of waste, improper garbage management, and diseases from uncollected garbage are surging the demand for compostable & biodegradable refuse bags. Furthermore, growing industries, hotels, restaurants, hospitals, and commercial sites are increasing the adoption of compostable & biodegradable refuse bags.

Manufacturers are focused on manufacturing sustainable bags to reduce environmental plastic pollution. According to a survey, around 150 million metric tons (MMT) of plastic are already floating in the oceans, and due to its hazardous chemical, millions of aquatic animal’s life die annually. Moreover, several reports found that micro-plastics can affect plants’ soil pH and rooting ability. Therefore, manufacturers have been using eco-friendly solutions to develop paper bags to control environmental pollution.

Which Product Type Segment is leading in the Market?

The compostable category leads the product type segment in the global market by capturing a CAGR of 7.2% during the forecast period. The compostable segment is increasing due to its natural plant stretch. These bags are biodegradable, leak-proof, and fully recyclable. As a result, the demand for compostable bags is growing due to their superior advantages and quality.

Key Takeaways:

• The compostable & biodegradable refuse bags market is expected to have a valuation of US$ 653.0 million by 2033.
• With a CAGR of 7.5%, the global market is increasing during the forecast period.
• The United States compostable & biodegradable refuse bags market is anticipated to grow at a CAGR of 7.2% through 2033.
• With a CAGR of 7.0%, the United Kingdom market significantly uplifts during the forecast period.
• The Indian market is expected to grow at a CAGR of 10.1% over the forecast period.

Who is Winning?

The prominent vendors are growing the market by contributing essential roles during the forecast period. Globally, the rising pollution through plastic is a huge problem. To solve this problem, manufacturers are using sustainable and innovative products that may reduce environmental pollution. Therefore, rising research and development activities to use eco-friendly bags are expected to increase the market growth.

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Prominent Players in the Market are as follows: 

• Mondi Group
• Sphere Group
• Vegware Global
• VICTOR Güthoff & Partner GmbH
• Cedo Ltd.
• BioBag International AS
• PLAST-UP
• Polybags Ltd
• Clondalkin Group Holdings B.V.
• Plastiroll Oy Ltd
• The Biodegradable Bag Company Ltd
• QUICKPACK Haushalt + Hygiene GmbH
• The Compost Bag Company
• SIMPAC
• TERDEX GmbH

Recent Developments in the Compostable & Biodegradable Refuse Bags Market are: 

In Jun 2020, India’s leading Oxo-biodegradable and compostable bags- Ecosac Utility Bags, introduced Kachra Sack Line bags. These bags are eco-friendly and efficient in controlling environment pollution.

Growing Environment Concerns Drive the Sales of Compostable & Biodegradable Refuse Bags

1. Plastic Pollution Awareness: The alarming levels of plastic pollution in our oceans, landfills, and natural ecosystems have garnered widespread attention. People are increasingly aware of the devastating impact of plastic waste on wildlife and the environment, motivating them to make more responsible choices.
2. Regulatory Measures: Many governments and local authorities have implemented regulations and restrictions on single-use plastics, including plastic bags. These measures aim to reduce plastic waste and encourage the use of sustainable alternatives like compostable and biodegradable bags.
3. Corporate Sustainability Initiatives: Businesses and organizations are adopting sustainability as a core value, committing to reduce their carbon footprint and minimize plastic waste. Switching to compostable and biodegradable refuse bags is a tangible step towards achieving these goals.
4. Consumer Preference: Eco-conscious consumers are making environmentally friendly choices when shopping for everyday products. Compostable and biodegradable bags offer a guilt-free alternative to traditional plastic bags, aligning with the preferences of environmentally responsible shoppers.
5. Improved Technology: Advances in materials science and manufacturing have led to the development of high-quality compostable and biodegradable materials that can effectively replace plastic without sacrificing performance and durability.
6. Biodegradability and Compostability: Compostable bags can be disposed of in compost facilities and break down into organic matter, while biodegradable bags can naturally decompose over time without leaving harmful residues. These attributes make them appealing to those seeking sustainable waste management solutions.
7. Marketing and Education: Environmental organizations and sustainable brands are actively promoting the benefits of compostable and biodegradable bags, raising awareness and educating the public about their advantages in reducing plastic waste.

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