With a year-on-year growth of 3.3%, the global garbage bag market attained a size of US$ 9,382.6 million in 2023. Projections for the forecast period indicate a robust 4.2% Compound Annual Growth Rate (CAGR) in global garbage bag sales. The market’s total valuation is expected to witness an increase, reaching US$ 14,602.3 million by 2034, starting from US$ 9,681.0 million in 2024. This upward trajectory underscores the sustained demand for garbage bags, driven by factors such as population growth, urbanization, and increasing awareness of waste management practices, positioning them as essential components in global waste disposal systems.
The global adoption of plant-based garbage bag is expected to experience substantial growth, driven by increasing demand for sustainable suppliers and the implementation of green skill development programs worldwide. This suggests promising and lucrative growth opportunities for manufacturers operating in the garbage bags market in the years to come.
The United States garbage bag market is set to witness substantial growth, with an estimated value of US$ 1,841.7 million in 2024, projected to escalate to US$ 2,600.9 million by 2034. The overall demand for garbage bags in the U.S. is anticipated to experience a commendable Compound Annual Growth Rate (CAGR) of 3.5%. This growth is propelled by various factors, including the increasing adoption of garbage bags in residential, commercial, and industrial settings. Key drivers/trends contributing to this surge include the rising emphasis on hygiene and sanitation, the popularity of compostable scented garbage bags, easy availability on online platforms, and ongoing innovations in materials and designs.
Plastic trash bags, primarily made from polyethylene, are highly favored for their durability and leak-proof qualities. The residential sector, in particular, witnesses significant demand for these bags, contributing to cleanliness in homes and communities. Furthermore, the evolving waste management landscape in the U.S., marked by zero-waste policies and the ban on single-use plastic bags in several states, is directing attention toward compostable garbage bags as a sustainable alternative.
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The Key Players Are-
- Terdex GmbH,
- Novplasta, S.R.O,
- Extrapack Ltd.,
- Dagoplast AS,
- International Plastic, Inc.,
- MirPack TM,
- Pack-It BV,
- Achaika Plastic S.A,
- Plasta.It
- Primax D.o.o.
are prominent players in the garbage bag market. The garbage bags Industry is fragmented and the Tier 1 players in the market hold 15–20% share in the global garbage bag market.
Key Findings From the Market Study on Garbage Bag
- Recovery will occur gradually, just like garbage bags. In 2021, the market is anticipated to expand by 0.1% year over year.
- By 2021, the U.S. will account for roughly 85% of sales in North America thanks to initiatives to promote efficient trash disposal.
- Growth in the U.K. after COVID-19 is likely to be impeded because the market is anticipated to see negative year-over-year growth in 2021.
- In 2021, Germany’s economy is predicted to continue to grow slowly, while France’s rubbish bag consumption is anticipated to increase.
- Japan and South Korea’s markets are anticipated to rebound, showing a remarkable rise in sales from 2022 onwards, despite slow growth in 2020–2021
Business Growth Opportunities:
- Increasing Urbanization: The rise in urbanization typically leads to higher waste generation, boosting the demand for garbage bags as a means of efficient waste disposal.
- Growing Environmental Awareness: As environmental concerns continue to gain prominence, there’s an increasing demand for eco-friendly and biodegradable garbage bags. This shift in consumer preferences can drive innovation in the market.
- Stringent Waste Management Regulations: Government regulations and policies related to waste management and disposal can drive the adoption of proper waste containment solutions, including the use of specific types of garbage bags.
- Rising Population and Consumerism: A growing global population and increased consumerism contribute to higher waste production, creating a steady demand for garbage bags.
- Advancements in Material Technology: Ongoing developments in material technology may lead to the creation of more durable, cost-effective, and environmentally friendly garbage bag options.
Business Trends:
- Environmental Concerns: While there is a demand for eco-friendly options, the market may face challenges related to the environmental impact of traditional plastic garbage bags. This can lead to increased scrutiny and potential restrictions.
- Fluctuating Raw Material Prices: The prices of raw materials, especially petroleum-based plastics, can be subject to volatility, impacting the overall production costs of garbage bags.
- Competition from Alternative Solutions: Other waste disposal solutions, such as reusable containers or composting, may compete with garbage bags, affecting market growth.
- Lack of Awareness: In some regions, there may be a lack of awareness about proper waste disposal practices and the importance of using garbage bags, which can limit market growth.
- Regulatory Challenges: Adherence to various regulations regarding the production and disposal of garbage bags can pose challenges for manufacturers, impacting both costs and market entry.
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Key Segmentations
By Material Type:
- Polyethylene
- Polypropylene (PP)
- Others
By Capacity:
- EPS
- PUR
- VIP
- PCM
- Others
By End-use:
- Services
- Healthcare
- Industrial Product & Construction
- Retail
- Hospitality
- Other
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