The Trash Bag market was valued at US$ 11.08 Bn in 2022 and expected to grow at a CAGR of 5.6% during the forecast period (2023-2029), thanks to the growing trend of residential use which has boosted demand for Global Trash Bags Market.
Trash Bag Market Overview:A trash bag is a plastic bag put inside a bin to hold the waste and keep it clean. They are made of polythene with different densities and are also known by other names like rubbish bags, garbage bags, bin liners, etc. Different types of trash bags are present in the market such as white trash bags, blue trash bags, red trash bags, and black trash bags, and are used for different purposes like in healthcare facilities, bathrooms, offices, kitchens, etc. They provide an affordable and efficient way to dispose of waste, reduce toxicity and aid in sanitation in hospitals, can control the odor from waste, demand for effective waste disposal are boosting the market as a result global trash market is expected to reach US$ 14.56 Bn during the forecast period. To know about the Research Methodology :- Request Free Sample Report
Trash Bag Market Dynamics:Factors attributing to trash bag market growth are rising population of the world, resulting in the high generation of waste, according to “The World Bank” report world generates 2.01 Bn solid waste annually. Increased awareness among the people to be hygiene and sanitation, according to “World Health Organization” 15% of waste generated from the hospital are infectious which causes HIV infections, hepatitis B&C, skin infection, etc. Changing household income of the people, the rapid growth of urbanization, economic development of the countries, odor-blocking capacity are driving the global trash bag market positively. “Plastic Waste Management Amendment Rules, 2022”, by the Government of India increased the thickness of carrying bags from 50 to 75 microns, adding an advantage to the trash bag manufacturing industry. Innovations developed across the globe like trash bags made of wood by “VTT technical research center of Finland”, a compostable coating made of silicate and biopolymers by “The Fraunhofer Institute for silicate research”, etc are boosting the trash bag market. Some of the factors affecting trash bag market growth are the non-biodegradable nature of bags, Co2 emission while burning, contaminating the oceans, harming the marine animals, entering our food supply, the release of toxic substances in soil, etc.
Trash Bag Market Segmentation:Based on Material Type Segment, The global market is segmented into low-density polyethylene (LDP) and high-density polyethylene (HDP). Low-density polyethylene dominates the global market and was valued at US$ 39.53 Bn in 2022. This LDP bag has a high demand in the market because of its chemical resistance capacity, softness, non-contaminating, non-toxic nature, etc. they are used for a variety of purposes like food packaging, carrier bags, merchant bags, garment bags, etc. because of all these nature LDP bags is expected to grow at a CAGR of 3.5% during the forecast period. Based on Product Segment, the global market is segmented into recyclable bags and non-recyclable bags. Recyclable bags dominate the global market and held a share of 57.47% in the year 2022. They are also known as biodegradable bags and do not contribute to landfill problems. They are durable, environment friendly, save resources, and can save your money because of these features recyclable bags have a high demand in the market and it is expected to grow at a CAGR of 4.5% during the forecast period. Based End-user Type Segment, the global market segmented in to residential and commercial. The residential segment dominates the global market and held a share of 65.39% in 2022. Because of an increase in disposal of waste food, to control its odor, increased interest in cleanliness of the people driving the market positively. The global residential trash bag market is expected to grow at a cagr of 3.8% during the forecast period.
Trash Bag Market regional insights:Asia-Pacific region dominates the global trash bag market with a 52 % share in 2022. Because of the presence of highly populated countries like China and India. According to “The World Bank” report India’s waste generation is expected to touch 387.8 Mn tonnes by 2030. China accounts for 29% of global trash bag production and its initiative to reduce the country’s single-use plastic, the aim of recycling 35% of waste generated, boosting the trash bag production industry. Increased economic expansion, urbanization, awareness of the people towards hygiene, focus towards environmental safety, etc add an advantage to the global trash bag market. North America is the second dominating region in the market because of increased disposable income, rapid urbanization, growth of population, hygiene and safety, etc. According to the “US Environmental Protection Agency”, the amount of waste generated in the year 2020 was 298.2 Mn tons & “ Federal Trade Commission” guides the use of biodegradable bags. These are factors boosting the global trash bag market resulting in a CAGR of 2.9% in this region during the forecast period. The objective of the report is to present a comprehensive analysis of the global Trash Bag 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 has 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 report also helps in understanding the Trash Bag market dynamics, structure by analyzing the market segments and projecting the Trash 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 global Trash Bag make the report investor’s guide.
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Trash Bag Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 11.08 Bn. Forecast Period 2023 to 2029 CAGR: 5.6% Market Size in 2029: US $ 16.23 Bn. Segments Covered: by Material Low Density Polyethylene High density Polyethylene by Product Recyclable Non-recyclable by End-User Residential Commercial
Trash Bag Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:1.Pack-It B.V. 2.Kemii Garbage Bag Co. Ltd. 3.Cosmoplast Industrial Company L.L.C. (Harwal Group of Companies) 4.Luban Packing LLC 5.Hefty(Reynolds Consumer Products LLC) 6.International Plastics Inc. 7.Novolex 8.Novplasta, s.r.o. 9.Terdex GmbH 10.Berry Global Inc. 11.The Clorox company 12.Reynolds consumer products 13.Inteplast Group 14.Four star plastics Frequently Asked Questions: 1. Which region has the largest share in Trash Bag Market? Ans: Asia-Pacific held the largest share in 2022. 2. What is the growth rate of the Trash Bag Market? Ans: It is growing at a CAGR of 5.6 % during the forecasting period 2023-2029. 3. What segments are covered in Trash Bag Market? Ans: Trash Bag Market is segmented into material, product and end-user. 4. Who are the key players in Trash Bag Market? Ans: Pack-It B.V., Kemii Garbage Bag Co. Ltd., Cosmoplast Industrial Company L.L.C. (Harwal Group of Companies), Luban Packing LLC, Hefty (Reynolds Consumer Products LLC), International Plastics Inc., Novolex, Novplasta, s.r.o., Terdex GmbH, Berry Global Inc., The Clorox company, Reynolds consumer products, Inteplast Group, Four star plastics. 5. What is the study period of this market? Ans: The Period is studied from 2022 to 2029.
1. Global Trash Bag Market: Research Methodology 2. Global Trash Bag Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Trash Bag Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Trash Bag Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Trash Bag Market Segmentation 4.1 Global Trash Bag Market, by Material type (2022-2029) • Low density polyethylene • High density polyethylene 4.2 Global Trash Bag Market, by Product (2022-2029) • Recyclable • Non-recyclable 4.3 Global Trash Bag Market, by End-User (2022-2029) • Residential • Commercial 5. North America Trash Bag Market (2022-2029) 5.1 Global Trash Bag Market, by Material type (2022-2029) • Low density polyethylene • High density polyethylene 5.2 Global Trash Bag Market, by Product (2022-2029) • Recyclable • Non-recyclable 5.3 Global Trash Bag Market, by End-User (2022-2029) • Residential • Commercial 5.4 North America Trash Bag Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Trash Bag Market (2022-2029) 6.1. Asia Pacific Trash Bag Market, by Material type (2022-2029) 6.2. Asia Pacific Trash Bag Market, by Product (2022-2029) 6.3. Asia Pacific Trash Bag Market, by End-User (2022-2029) 6.4. Asia Pacific Trash Bag Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Trash Bag Market (2022-2029) 7.1 Middle East and Africa Trash Bag Market, by Material type (2022-2029) 7.2. Middle East and Africa Trash Bag Market, by Product (2022-2029) 7.3. Middle East and Africa Trash Bag Market, by End-User (2022-2029) 7.4. Middle East and Africa Trash Bag Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Trash Bag Market (2022-2029) 8.1. Latin America Trash Bag Market, by Material type (2022-2029) 8.2. Latin America Trash Bag Market, by Product (2022-2029) 8.3. Latin America Trash Bag Market, by End-User (2022-2029) 8.4. Latin America Trash Bag Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 9. European Trash Bag Market (2022-2029) 9.1. European Trash Bag Market, by Material type (2022-2029) 9.2. European Trash Bag Market, by Product (2022-2029) 9.3. European Trash Bag Market, by End-User (2022-2029) 9.4. European Trash Bag Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Pack-It B.V. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Kemii Garbage Bag Co. Ltd. 10.3 Cosmoplast Industrial Company L.L.C. (Harwal Group of Companies) 10.4 Luban Packing LLC 10.5 Hefty (Reynolds Consumer Products LLC) 10.6 International Plastics Inc. 10.7 Novolex 10.8 Novplasta, s.r.o. 10.9 Terdex GmbH 10.10 Berry Global Inc. 10.11 The Clorox company 10.12 Reynolds consumer products 10.13 Inteplast Group 10.14 Four star plastics