Garbage Bag Market: Global Industry Analysis and Forecast (2023-2029)

Global Garbage Bag Market size was valued at US$ 1.94 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.7% through 2023 to 2029, reaching nearly US$ 3.06 Bn.
Garbage Bag Market Overview:
The Global Garbage Bag market was valued at US $1.94 Bn. in 2022, and it is expected to reach US $ 2.69 Bn. by 2029 with a CAGR of 6.7% during the forecast period. Garbage bags are mostly made out of plastics and are commonly black. Generally, these bags are used to line the insides of dustbins or huge waste containers for the prevention of the insides of the waste containers from getting spoiled with waste.To know about the Research Methodology :- Request Free Sample Report
Global Garbage Bag Market Dynamics:
The major driving factor of the garbage bag market is the growing awareness for clean surroundings and raising awareness for effective and efficient waste management in developing countries. The huge volume of waste generated across the globe in turn, contributes to the growth of the market.

The increased popularity of the global market can be attributed to the huge volumes of waste generated across the globe. The main growth drivers for the market are private consumers, retailers, and local packaging firms, which focuses more on delivering the product in the local market.

However, strict environmental policies regarding the ban on plastic bags have hampered the growth of the garbage bag market.
Global Garbage Bag Market Segment Analysis:
The Global Garbage Bag Market is segmented by Material Type, Size, and End-User.

Based on the Material Type, the market is segmented into Low-density polyethylene, Liner low density polyethylene, High-density polyethylene, Polypropylene, and Others. High-density polyethylene segment is expected to hold the largest market shares of xx% by 2029. This is due to the high-density polyethylene garbage bags are relatively inexpensive and hold considerable weight compared to other material types.

Based on the Size, the market is segmented into 7-16 gallons, 20-30 gallons, 32-35 gallons, 40-48 gallons, and +55 gallons. 7-16 gallons size segment is expected to grow rapidly at a CAGR of xx% during the forecast period. 7-16 gallons size of garbage bags can be utilized in offices, restaurants, homes, shopping complexes, and others. Furthermore, when compared to garbage bags with lower size, they are easier to carry, which eliminates the mess generated by rubbish falling from the garbage bags. Garbage bags with a size of 7-16 gallons are ideal for trash that is heavier and may shred garbage bags with smaller sizes.

Based on the End-User, the market is segmented into Retail & Consumer, Institutional, and Industrial. Retail & Consumer end-user segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Retailer & consumer is expected to be the fastest-growing market due to the huge volume of waste generated followed by industrial and institutional. The main growth drivers for the market are private consumers, retailers, and local packaging firms they focus more on delivering the product in the local market.
Regional Insights:
North America dominates the Garbage Bag market during the forecast period 2023-2029. North America is expected to hold the largest market shares of xx% by 2029. This is due to the huge amounts of waste are generated in the countries residences and commercial places in the countries like united states (US) and Canada, resulting in the huge consumption of garbage bags in North America region. This is the key factor that drives the growth of North America region in the global market during the forecast period.

Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period. Asia Pacific region is expected to be the fastest-growing market for garbage bags across the globe during the forecast period due to the growing need for an effective and efficient system of waste management, especially in developing countries like India and China. These are the major factor that boost the growth of Asia Pacific region in the global market during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the Global market dynamic, structure by analyzing the market segments and project the Global Garbage Bag Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Global Garbage Bag Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.94 Bn.


Forecast Period 2023 to 2029 CAGR:
6.7%
Market Size in 2029:
US $ 3.06 Bn.


 Segments Covered:
by Material Type
Low-density polyethylene
Liner low density polyethylene
High-density polyethylene
Polypropylene
Others


by Size
7-16 gallons
20-30 gallons
32-35 gallons
40-48 gallons
+55 gallons


by End-User
Retail & Consumer
Institutional
Industrial



Global Garbage Bag Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Allied Plastics
2. Berry Plastic Corporation
3. Clorox Australia Pty Limited
4. Cosmoplast
5. Heyuan Ruijian Plastic Products Co., Ltd.
6. International Plastics
7. Kemii Garbage Bag Co. Ltd.
8. Luban Pack
9. Novplasta
10. S.R.O.
11. Terdex
12. Dagoplast
13. Pack-It
14. MirPack
15. Luban Pack
16. Novolex
17. Extrapac
18. Clorox Australia
19. Achaika Plastic
20. Kemii Garbage Bag Co.
21. Reynolds Consumer Products
22. Inteplast Group
23. Four Star Plastics
24. International Plastics
25. Primax
26. Plasta

Frequently Asked Questions:

1] What segments are covered in Garbage Bag Market report?
Ans. The segments covered in Garbage Bag Market report are based on Material Type, Size, and End-User.

2] Which region is expected to hold the highest share in the Global Garbage Bag Market?
Ans. North America is expected to hold the highest share in the Global Garbage Bag Market.

3] Who are the top key players in the Global Garbage Bag Market?
Ans. Allied Plastics, Berry Plastic Corporation, Clorox Australia Pty Limited, Cosmoplast, Heyuan Ruijian Plastic Products Co., Ltd., and International Plastics are the top key players in the Global Garbage Bag Market.

4] Which segment holds the largest market share in the Global Garbage Bag market by 2029?
Ans. High-density polyethylene material type segment hold the largest market share in the Global Garbage Bag market by 2029.

5] What is the market size of the Global Garbage Bag market by 2029?
Ans. The market size of the Global Garbage Bag market is US $3.06 Bn. by 2029.

6] What was the market size of the Global Garbage Bag market in 2022?
Ans. The market size of the Global Garbage Bag market was worth US $1.94 Bn. in 2022.