Compostable & Biodegradable Refuse Bags Market: Forecasted to Achieve a 7.5% CAGR by 2033

In 2023, the compostable and biodegradable refuse bags market is forecasted to reach a value of US$ 318.1 million, with projections indicating substantial growth to US$ 653.0 million by 2033. Over the forecast period, the sales of compostable and biodegradable refuse bags are expected to demonstrate a Compound Annual Growth Rate (CAGR) of 7.5%. This upward trajectory reflects the increasing consumer preference for sustainable and eco-friendly packaging solutions. As awareness of environmental concerns continues to rise, manufacturers are poised to capitalize on this demand by offering innovative and environmentally conscious alternatives to traditional plastic bags.

The global surge in demand for eco-friendly solutions, spurred by a combination of consumer preferences for organic products and government-led environmental initiatives, is propelling the widespread adoption of compostable and biodegradable refuse bags worldwide. As concerns mount over the environmental hazards posed by traditional plastics, the market for compostable and biodegradable refuse bags continues to gain momentum. Manufacturers committed to sustainable practices are playing a pivotal role in meeting this demand, striving to create safer and cleaner environments.

In India, a significant market expansion is imminent, with a projected CAGR of 10.1% expected to drive the market’s value to US$ 33.7 million by the end of the forecast period. This growth trajectory reflects a paradigm shift in consumer behavior influenced by evolving economic dynamics and stringent government regulations. With increasing awareness of the adverse effects of conventional plastics, coupled with proactive measures such as the 2021 ban on single-use plastics, India is witnessing a rapid transition towards compostable alternatives. Moreover, both domestic and international players are actively participating in this burgeoning market, indicative of its promising growth potential, which saw 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.

Market Drivers:

1. Environmental Awareness: Growing concerns about plastic pollution and environmental degradation have prompted consumers and governments to seek eco-friendly alternatives. Compostable and biodegradable refuse bags offer a solution by reducing plastic waste and minimizing harm to ecosystems.
2. Regulatory Support: Governments worldwide are implementing regulations to reduce single-use plastic consumption. Legislation favoring compostable and biodegradable products, along with bans or restrictions on conventional plastics, provide a favorable regulatory environment for the market.
3. Consumer Preference: Increasingly, consumers are choosing sustainable products and supporting brands committed to environmental stewardship. This shift in consumer preferences towards eco-friendly options has driven demand for compostable and biodegradable refuse bags.
4. Corporate Sustainability Initiatives: Many companies are integrating sustainability into their business strategies. Corporate initiatives to reduce plastic waste and carbon footprint often involve switching to compostable and biodegradable packaging, boosting demand for such products.
5. Advancements in Material Technology: Ongoing research and development efforts have led to innovations in compostable and biodegradable materials, improving their performance, durability, and affordability. These advancements expand the applicability of eco-friendly refuse bags across various industries and settings.
6. Waste Management Practices: Increasing adoption of composting and organic waste recycling programs at the community and industrial levels creates demand for compostable refuse bags. These bags facilitate the collection and disposal of organic waste in an environmentally responsible manner.

Market Restraints:

1. Cost Concerns: Compostable and biodegradable materials often come at a higher price point compared to conventional plastics. This cost differential can deter price-sensitive consumers and businesses from making the switch, especially in price-driven markets.
2. Performance Limitations: Some compostable and biodegradable materials may have performance limitations in terms of strength, durability, and shelf life compared to traditional plastics. Concerns about product quality and reliability may hinder widespread adoption, particularly in demanding applications.
3. Infrastructure Challenges: Effective composting and biodegradation require appropriate waste management infrastructure, including composting facilities and industrial composting sites. In regions lacking such infrastructure, the benefits of compostable and biodegradable refuse bags may be limited, reducing demand.
4. Misconceptions and Greenwashing: The market may face challenges due to misconceptions or misleading marketing claims regarding the environmental benefits of certain products. Greenwashing practices, where products are falsely marketed as eco-friendly, can erode consumer trust and hinder market growth.
5. Limited Awareness: Despite increasing environmental consciousness, some consumers and businesses may still lack awareness or understanding of compostable and biodegradable alternatives. Education and outreach efforts are needed to raise awareness about the benefits and proper disposal practices of these products.

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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.

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.

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