The global garbage bag market size is estimated to total US$ 9,681.0 million in 2024. Over the assessment period, global garbage bag sales are projected to expand at 4.2% CAGR, taking the total market valuation to US$ 14,602.3 million by 2034.
Garbage bags are available in a wide variety that includes industrial garbage bags, lawn garbage bags, black garbage bags, contractor garbage bags, compostable garbage bags and many more. The rising usage of these bags in diverse applications is expected to boost the market.
Certain new advances have occurred in the global garbage bag industry in the last few years. These include developing and using plant-based garbage bags, owing to their eco-friendly nature.
For instance, Plastno compostable garbage bags are gaining wider popularity for household and kitchen use owing to their eco-friendly and versatile nature. These bags are made from renewable, plant-based materials and are fully
Get Your Sample Report – Drive Business Success! https://www.futuremarketinsights.com/reports/sample/rep-gb-13032
For instance, making people separate their waste and promoting recycling has created a demand for garbage bags for sorting out garbage quickly. People are becoming more aware of how plastic bags harm the environment, so new ideas for biodegradable and compost alternatives are coming up.
The garbage bag business is changing as companies are concentrating on green ways to match these new rules. New compostable garbage bags are being introduced by manufacturers to address environmental problems. These new solutions are ideal for sustainable waste management practices.
Shifting focus toward biodegradable & bio-based garbage bags is another key factor expected to boost the target market. Similarly, growing sustainable concerns are increasing the popularity of biodegradable garbage bags.
Biodegradable plastics help reduce dependence on fossil fuels during the production of plastic trash bags. Biodegradable plastic trash bags are made from domestic biomass materials, reducing dependence on oil. They are also easier to recycle and can be used more often.
As per the latest analysis, demand for biodegradable plastic garbage bags is expected to grow significantly over the next few years. This is due to increasing consumer pressure and laws such as banning plastic bags and initiatives to address global warming.
Key Takeaways of Global Garbage Bags Market
- The global market for garbage bags is estimated to total US$ 14,602.3 million by 2034.
- Based on material, the polyethylene segment is set to hold a dominant market share of 71.7% in 2034.
- In terms of sales channel, the direct sales segment is anticipated to expand at a CAGR of 4.5% during the forecast period.
- By end-use, the household segment is poised to grow at 3.2% CAGR, holding a value share of 21.8% by 2034.
- The United States market value is anticipated to total US$ 2,600.9 million by 2034.
- Sales in India will likely rise at 6.8% CAGR between 2024 and 2034.
Request Customization of Report! https://www.futuremarketinsights.com/customization-available/rep-gb-13032
“The shifting focus toward bio-based garbage bags and increasing government initiatives & policies for waste management are expected to drive growth of the garbage bag industry during the forecast period,” says Ismail Sutaria (Lead Consultant, Packaging and Materials).
Who is Winning?
Below are prominent garbage bag manufacturers listed in the report. The Tier 1 players in the market hold 15% to 20% share.
- The Clorox Company
- Reynolds Consumer Products Inc.
- Poly-America, L.P.
- Berry Global Inc.
- Dagöplast A.S.
- International Plastics, Inc.
- Big Black Sacks
- Novolex Holdings LLC
- Terdex Gmbh
- Plasta Group
- Mcpherson’s Limited.
- Pack-It B.V.
- Top.Z (Hk) Limited
- Meadows
- Novplasta Cz, S.R.O
- Primax D.O.O.
- Tuopu Group (Miaojie)
- Bengbu Shangdao Ikea Daily Necessities Technology Industrial Co., Ltd.(Sodolike)
- Rkw Group
- Thantawan Industry Plc.
Top players are looking to develop biodegradable and compostable garbage bags from sustainable and eco-friendly materials. They also employ strategies like partnerships, collaborations, facility expansions, distribution agreements, and mergers to boost their sales and expand their footprint.
Recent Developments:
- In May 2022, Berry Global’s UK refuse sack business unveiled a new range of high strength refuse sacks.
Want More Insights?
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global garbage bag market, analyzing historical demand from 2019 to 2023 and forecast statistics for 2024 to 2034. The study reveals growth projections on the global garbage bag industry based on material (polyethylene, polypropylene, others), capacity (up to 30 liters, 30 to 90 liters, 90 to 150 liters, above 150 liters), sales channel (direct sales, distributors/wholesales), end use (service, healthcare, industrial product & consumption, retail, hospitality, civil government, defense, household), and region.
Request to Access the Detail Research Methodology from here!
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competition landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Comments
0 comment