The global compostable & biodegradable refuse bags market is on a trajectory of substantial growth, with forecasts indicating a value of USD 653.0 million by 2033, up from USD 318.1 million in 2023, representing a robust Compound Annual Growth Rate (CAGR) of 7.5% over the forecast period. This surge is propelled by increasing awareness about environmental sustainability and the rising demand for plastic alternatives.
The escalating demand for compostable & biodegradable refuse bags is driven by several factors, including the global shift towards eco-friendly materials and heightened health consciousness among consumers. As plastic pollution continues to pose a significant threat to the environment, there is a growing emphasis on adopting sustainable alternatives.
The proliferation of technology and government initiatives aimed at promoting eco-friendly materials further augments market opportunities for compostable & biodegradable refuse bags. End-use industries such as retail, institutional, and industrial sectors are increasingly adopting these bags, spurred by the need for sustainable waste management practices.
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Moreover, the rapid growth of organic products and the focus on sustainability are fueling demand for compostable & biodegradable refuse bags across various sectors. From hospitals and hotels to restaurants and households, there is a growing preference for eco-friendly waste disposal solutions.
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.
Key Takeaways:
- The compostable & biodegradable refuse bags market is expected to have a valuation of USD 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.
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 2020, Ecosac Utility bags, India’s leading brand of eco-friendly shopping bags and other utility bags, launched a new range of compostable and Oxo-Biodegradable garbage bags called Kachra Sack. The new eco-friendly bags are an ideal alternative to plastic bags and help to reduce pollution levels.
- In 2021, Indian Startup SpruceGel announced the launch of its new range of eco-friendly and compostable bags. The new bags range from carry bags and garbage bags to apparel bags.
- In 2021, Compostic, one of the first creators of certified home-compostable plastic alternatives, launched a new range of home-compostable cling wrap and resalable bags in the USA.
Compostable & Biodegradable Refuse Bags Market by Category
By Capacity:
- 7 to 20 Gallons
- 20 to 30 Gallons
- 30 to 40 Gallons
- 40 to 55 Gallons
- Above 55 Gallons
By Product Type:
- Biodegradable
- Compostable
By Material Type
- PLA
- PBS
- PBAT
- PHA
- Starch Blends
- Cellophane
- Paper
By Thickness:
- 0 to 0.7 mil
- 0.7 to 0.9 mil
- 0.9 to 1.5 mil
- Above 1.5 mil
By End Use:
- Retail & Consumer
- Industrial
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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