IMARC Group, a leading market research company, has recently releases report titled “Trash Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global trash bags market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Trash Bags Market?
|
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 11.3 Billion |
|
Market Forecast in 2028 |
US$ 17.6 Billion |
|
Growth rate (2023 to 2028) |
CAGR of 7.32% |
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Base Year of the Analysis |
2022 |
|
Forecast Period |
2023-2028 |
What are Trash Bags?
Trash bags, also known as garbage bags, are plastic bags used for disposing of waste such as medical, toilet, industrial, commercial, and food scraps from homes and eateries. Some commonly known polyethylene resins used for producing trash bags include low-density polyethylene (LDPE) resins, linear low-density polyethylene (LLDPE) resins, high-density polyethylene (HDPE) resins, and bio-degradable polyethylene. They are produced from polyethylene (PE), a petroleum-based resin preferred due to its excellent strength, lightweight, flexibility, durability, cost-effectiveness, convenience, tear, chemical, and moisture-resistant properties. As a result, trash bags find extensive applications in the industrial, commercial, and residential sectors across the globe.
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What are the growth prospects and trends in the trash bags industry?
The market is primarily driven by the increasing population, rapid urbanization, and rising waste generation. In addition, the growing consciousness regarding hygiene and cleanliness of the environment among individuals is contributing to the market growth.
Moreover, the widespread adoption of oxo-biodegradable trash bags and sustainable products among individuals and across the pharmaceuticals and food and beverage (F&B) industries represents another major growth-inducing factor. Besides this, governments and regulatory bodies of various countries are encouraging the use of trash bags to eliminate the risk of diseases or infections, thereby providing a positive thrust to market growth.
Furthermore, the escalating demand for waterproof trash bags in the automotive sector and strategic partnerships, extensive research and development (R&D) activities, and mergers and acquisitions (M&A) among key players are also creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Drawstring Bags
- Star Sealed Bags
- Others
Breakup by Material:
- High Density Polyethylene
- Low Density Polyethylene
- Linear Low-Density Polyethylene
- Bio-Degradable Polyethylene
- Others
Breakup by Size:
- 3 to 13 Gallons
- 13 to 50 Gallons
- Above 50 Gallons
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by End User:
- Residential
- Commercial
- Industrial
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- Berry Global Inc.
- Cosmoplast Industrial Company (L.L.C.) (Harwal Group of Companies)
- Four Star Plastics
- Inteplast Group Corporation
- International Plastics Inc.
- Luban Packing LLC
- Mapco (Pvt) Ltd.
- Novolex
- NOVPLASTA CZ s.r.o.
- Poly-America L.P.
- Reynolds Consumer Products
- The Clorox Company
- Universal Plastic Bags
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