Bagster bags are reusable garbage bags used to collect trash and debris from cleaning or construction projects. They have a large capacity and allow users to safely fill them without worrying about tears or leaks. The growing demand for hassle-free waste disposal solutions from homeowners and construction workers is driving the bagster bag market.
The global Bagster Bag Market is estimated to be valued at US$ 564.95 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increase in disposable incomes, especially in developing nations is driving the sales of bagster bags. As incomes rise, homeowners and builders are able to afford specialized waste disposal solutions for bigger cleaning and demolition jobs. Bagster bags offer a much more convenient alternative to regular trash bags by allowing large volumes of debris to be collected and disposed of with minimal effort. Their reusable and leak-proof nature also appeals to the growing consciousness around sustainability and reducing waste. Bagster bag manufacturers are expected to gain more customers in middle and high-income groups going forward due to rising economic prosperity globally.
Segment Analysis
The global Bagster Bag Market Demand is dominated by the solid waste segment which accounts for around 65% of the total market share. Being cost-effective and convenient to use, Bagster bags have become a popular option for disposing small debris, yard waste, demolition materials and rubbish. They eliminate the need for multiple trips to the dump and are ideal for temporary cleanup and minor renovation/construction projects.
Key Takeaways
The global Bagster Bag market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis - North America currently holds the leading share in the global Bagster Bag market owing to high construction and renovation activities. The US market accounts for over 35% share of the North American region.
Key players operating in the Bagster Bag market are 9flats.com Pte Ltd., Expedia Group Inc., NOVASOL A/S, Booking Holdings Inc., MakeMyTrip Pvt. Ltd., Wyndham Destinations Inc., Tripadvisor Inc., Airbnb, Hotelplan Management AG, and Oravel Stays Pvt. Ltd.
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