Global Trash Bags Market Projected to Expand at 5.6% CAGR, Key Players: Hefty, International Plastics Inc.

Trash Bag Market Expected to Reach US$ 11.70 Billion in 2023, Growing at 5.6% CAGR Until 2030

Market Overview:
The global trash bags market is witnessing significant growth, driven by the increasing trend of residential use. The market, valued at US$ 11.70 billion in 2023, is expected to grow at a CAGR of 5.6% during the forecast period (2024-2030).

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Market Scope:
The report by Maximize Market Research provides insights into key drivers, restraints, competitive benchmarking, and development prospects. It covers current trends, future insights, demand, supply chain, sales, and recent market changes. Company profiles, product specifications, production capacity/sales, revenue, price, and gross margin & sales by product are included. SWOT and PESTLE analysis were used for research, combining quantitative and qualitative methods.

Segmentation:

• Material: Low Density Polyethylene, High Density Polyethylene
• Product: Recyclable, Non-Recyclable
• End-User: Residential, Commercial

Regional Analysis:
The APAC region presents lucrative opportunities for the market and components manufacturers over the next decade. The market has shown an upward trend even after the COVID lockdown, indicating resilience in the midst of an economic slowdown.

Market Players:

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

Key Questions Answered:

• What is the forecast period for the trash bags market?
• Which region holds the largest market share?
• What are the opportunities in the market?
• What factors affect market growth?
• Who are the key players?
• What will be the CAGR during the forecast period?
• What key trends are expected to emerge?

Key Offerings:

• Market Share, Size, and Forecast by Revenue (2024-2030)
• Market Dynamics, Growth drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation: Detailed analysis
• Landscape: Leading and other prominent players

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Maximize Market Research is a market research and consulting company serving clients in various industries globally. Their services include market-verified industry estimations, technical trend analysis, strategic advice, competition analysis, and more.

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