Compostable & Biodegradable Refuse Bags Market Poised for Growth: Anticipated 7.5% CAGR by 2033

Predicted to reach a value of US$ 318.1 million in 2023, the compostable and biodegradable refuse bags market is set to ascend to US$ 653.0 million by 2033, marking a robust Compound Annual Growth Rate (CAGR) of 7.5% throughout the forecast period. This upward trajectory underscores the increasing demand for eco-friendly waste management solutions, aligning with the global shift towards sustainability. The steady growth in sales highlights a burgeoning market for compostable and biodegradable refuse bags, driven by environmental consciousness and a growing preference for responsible and sustainable waste disposal practices across various industries and consumer segments.

The growing popularity of organic products and governmental initiatives focused on environmental concerns is driving the widespread adoption of compostable and biodegradable refuse bags across different nations. The escalating demand for alternatives to traditional plastics, given their potential hazards, is a key factor fueling the market for compostable and biodegradable refuse bags. Manufacturers dedicated to crafting sustainable bags, aiming to create environments free from hazardous materials, are poised to contribute significantly to the market’s expansion.

India’s market for compostable and biodegradable refuse bags is on the brink of substantial expansion, with an estimated compound annual growth rate (CAGR) of 10.1% anticipated throughout the forecast period. This growth trajectory is expected to propel the market’s value to US$ 33.7 million within the global landscape. While India has been a longstanding consumer of plastic bags, shifting economic dynamics and heightened government initiatives are reshaping the market. Increasing awareness regarding the detrimental impacts of traditional plastics and the benefits of eco-friendly alternatives is opening up lucrative avenues for industry stakeholders. Aligned with pollution reduction efforts, the Indian government enforced a ban on single-use plastics in 2021, fostering the widespread adoption of compostable refuse bags. Furthermore, the market is witnessing increased involvement from both domestic and international players, having historically recorded a commendable CAGR of 8.6% from 2017 to 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.

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.

Market Drivers:

1. Environmental Awareness: Growing global awareness of environmental issues, including plastic pollution and the impact on ecosystems, has led to an increased demand for eco-friendly alternatives such as compostable and biodegradable bags.
2. Regulatory Support: Governments and regulatory bodies in various regions are implementing stricter regulations against single-use plastics. Supportive policies and incentives for environmentally friendly alternatives can drive the market for compostable and biodegradable refuse bags.
3. Consumer Preferences: Changing consumer preferences towards sustainable and green products have encouraged businesses to offer environmentally friendly alternatives. Consumers are increasingly seeking products that reduce their environmental footprint.
4. Corporate Initiatives: Many businesses are adopting sustainability goals and incorporating eco-friendly practices in their supply chains. This has led to an increased demand for compostable and biodegradable packaging options, including refuse bags.
5. Advancements in Technology: Ongoing research and technological advancements in materials science are leading to the development of more efficient and cost-effective compostable and biodegradable materials, boosting their adoption in the market.

Market Restraints:

1. Cost Challenges: Compostable and biodegradable materials often have higher production costs compared to traditional plastic materials. This cost factor can limit the widespread adoption of these eco-friendly alternatives, especially in price-sensitive markets.
2. Infrastructure Limitations: Proper disposal infrastructure for compostable and biodegradable materials is essential for their effective decomposition. In some regions, the lack of appropriate waste management facilities may hinder the growth of the market.
3. Performance Issues: Some compostable materials may not perform as well as traditional plastics in certain applications, leading to concerns about durability, strength, and other functional aspects. This could limit their adoption in specific use cases.
4. Lack of Standardization: The absence of consistent standards and certifications for compostable and biodegradable products can create confusion in the market. Establishing clear standards and certification processes can enhance consumer confidence and facilitate market growth.
5. Limited Awareness: Despite increasing awareness, there is still a need for education and awareness campaigns to inform consumers and businesses about the benefits and proper disposal methods of compostable and biodegradable refuse bags.

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