Trash Bags Market worth $13.64 billion by 2030, growing at a CAGR of 4.52% - Exclusive Report by 360iResearch

The Global Trash Bags Market to grow from USD 9.57 billion in 2022 to USD 13.64 billion by 2030, at a CAGR of 4.52%.

PUNE, MAHARASHTRA, INDIA , December 8, 2023 /EINPresswire.com/ -- The "Trash Bags Market by Material (Bio-degradable Polyethylene, High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)), Type (Draw Tape/ Drawstring Bag, Star Sealed Bags), Size, Distribution Channel - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Trash Bags Market to grow from USD 9.57 billion in 2022 to USD 13.64 billion by 2030, at a CAGR of 4.52%.

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Trash bags, also known as garbage bags, rubbish bags, or refuse sacks, are disposable bags crafted initially for the purpose of containing and transporting waste materials. These bags are made from low-density polyethylene (LDPE) or high-density polyethylene (HDPE), making them lightweight yet robust enough to hold various contents. LDPE offers more flexibility and impact resistance, while HDPE provides superior tensile strength and puncture resistance. It finds applications primarily in residential, commercial, and industrial sectors owing to its properties being resistant to chemicals and moisture along with odor-containing capability, which makes it a hygienic option for waste management. The sustained global population increase signals a consistent uprise in consumer demand for trash bags. Industrialization and economic development also contribute by substantially expanding the commercial and industrial user base. Increasing awareness regarding cleanliness, hygiene, and waste management further fuel the growth. With legal frameworks around the world tightening their grip on waste management and disposal regulations, commercial and industrial institutes increasingly adopt trash bag usage to comply with the law. However, environmental concerns pose a considerable deterrent to market expansion as traditional trash bags, largely made from non-biodegradable materials, contribute significantly to environmental pollution. Legal constraints aimed at mitigating environmental damage impose restrictions on the usage and disposal of such non-biodegradable trash bags. Investments in research & development for the development of sustainable, biodegradable trash bags and improvement of the production process to curtail environmental impacts are expected to foster market growth. Furthermore, the advent of biodegradable polymers as a substitute for traditional plastic material opens new avenues for market growth.

Size: Increasing applicability of large-size trash bags (> 50 gallons) for commercial and industrial purpose
Large-size trash bags (> 50 gallons) are suitable for commercial and industrial use. Users typically prefer these bags for heavy-duty applications including yard waste disposal or large-scale event cleanups. The medium size trash bags, usually falling between 13 and 50 gallons, have the greatest usage seen in households, small offices, restaurants, and public areas. Customers prefer these bags for their daily waste management needs and typically choose them for their balance between size and handling convenience. Small trash bags, commonly between 3 and 13 gallons, are typically used for bathroom bins, desktop trash cans, and compact spaces. The main advantage of these bags is their manageability, making them the preference of many urban dwellers living in minimal space.

Type: Proliferation of seal bags owing to their high strength and load-carrying capacity
The Draw Tape or Drawstring Trash Bags are specially designed bags, typically used in residential and commercial places due to their ease of use. The drawstring facilitates waste disposal, ensuring that the trash bag is securely sealed and reducing the risk of spilling its contents. Star Sealed Bags or Bottom Seal Bags are renowned for their high strength and load-carrying capacity, often utilized in situations where heavy or sharp waste materials need to be disposed of securely. These bags are commonly used in industries, hospitals, and construction sites, where durable and reliable trash bags are required.

Distribution Channel: Customer preferences for e-commerce platforms due to flexibility of purchase & attractive discounts
Convenience stores serve as immediate purchase points for customers, particularly in densely populated areas. They cater to the need for convenience, given the immediacy of their location and easy accessibility. The ease of purchase and physical examination of products drive sales in this channel. The rise of technology has transitioned the marketing and sales of trash bags to E-Commerce platforms, providing customers with options to select from a plethora of brands and types at their convenience. Flexibility of purchase, attractive discounts, and customer reviews largely influence consumers to prefer this distribution channel over others. Specialty stores primarily cater to customers looking for specific types of trash bags, such as odor-blocking, eco-friendly, and heavy-duty ones. Despite the lack of variety, these stores gain preference due to their niche market offerings tailored to specific customer needs. Supermarkets and hypermarkets act as one-stop purchase points with a wide variety of offerings. These distribution channels dominate with their large customer base driven by diverse choices and instant availability of products.

Material: Consumer Inclination towards bio-degradable polyethylene trash bags owing to their eco-friendly nature
Bio-degradable Polyethylene trash bags are increasingly preferred due to their eco-friendly nature, which facilitates degradation within a shorter time span. They are typically made from plant-based materials such as corn and wheat starch, contributing to a lower carbon footprint compared to traditional plastics. High-density polyethylene (HDPE) trash bags offer superior strength and opposition to punctures and tears, making them suitable for heavy-duty use. HDPE bags are widely used in commercial settings, institutional establishments, and for larger household waste disposal. Although more durable than alternatives, HDPE has a longer degradation period, posing environmental challenges. Linear Low-Density Polyethylene (LLDPE) trash bags are favored for their stretchability and flexibility, ideal for sharp-edged or bulky waste. They are robust and leak-resistant, proving versatile for a variety of applications.

Regional Insights:
The primary factor driving the demand for trash bags in the Americas is the increase in urbanization. As the number of households rises, the need for effective waste management solutions stimulates the demand for trash bags. Public awareness campaigns about responsible waste disposal and the dangers of littering also contribute to market growth. Additionally, consumer preference for convenience and ease in handling trash, as well as an increasingly busy lifestyle, further fuel the demand for trash bags in this region. In the EMEA region, the demand for trash bags is driven by strict governmental regulations relating to effective waste management and recycling practices. The increasing prevalence of eco-conscious consumers demanding more sustainable options also drives the switch from conventional to eco-friendly alternatives. Both countries of Europe and Middle Eastern and African nations demonstrate strong market potential because of improved standard of living and emphasis on cleanliness and sanitation. High urban population density and evolving consumer lifestyles that generate more waste are major contributors to the growth of trash bag markets in the APAC region. Furthermore, the uptake of trash bags has seen a rise due to rapid industrialization and the development of infrastructure, leading to an increase in commercial waste generation. The adoption of biodegradable or recyclable trash bags among environmentally conscious consumers in this region is another growing trend.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Trash Bags Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Trash Bags Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Trash Bags Market, highlighting leading vendors and their innovative profiles. These include Allied Propack Private Limited, Alpha Omega Plastic Manufacturing L.L.C., Aluf Plastics, Berry Global Inc., Cosmoplast Industrial Company LLC by Harwal Ltd., EXTRAPACK OOD, Four Star Plastics, Hefty by Reynolds Consumer Products LLC, Heyuan Ruijian Plastic Products Co.,Ltd., Inteplast Group Corporation, International Plastics Inc., Kemii Garbage Bag Co., Ltd., Luban Packing LLC, MIRPACK, Navkar Plastic, Novolex Holdings, LLC, Novplasta s.r.o., Pack-It BV, Poly-America, LP, Primax d.o.o., Singhal Industries Private Limited, Terdex GmbH, The Clorox company, TOMBAG, and Universal Plastic Bags Mfg Co., Inc..

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Market Segmentation & Coverage:

This research report categorizes the Trash Bags Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Material, market is studied across Bio-degradable Polyethylene, High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), and Low-Density Polyethylene (LDPE). The Linear Low-Density Polyethylene (LLDPE) is projected to witness significant market share during forecast period.

Based on Type, market is studied across Draw Tape/ Drawstring Bag and Star Sealed Bags. The Draw Tape/ Drawstring Bag is projected to witness significant market share during forecast period.

Based on Size, market is studied across Large Size (>50 Gallon), Medium Size (>13 to <50 Gallon), and Small Size (3 to <13 Gallon). The Large Size (>50 Gallon) is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Convenience Stores, E-Commerce, Specialty Stores, and Supermarkets/Hypermarkets. The E-Commerce is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.27% in 2022, followed by Asia-Pacific.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Trash Bags Market, by Material
7. Trash Bags Market, by Type
8. Trash Bags Market, by Size
9. Trash Bags Market, by Distribution Channel
10. Americas Trash Bags Market
11. Asia-Pacific Trash Bags Market
12. Europe, Middle East & Africa Trash Bags Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Trash Bags Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Trash Bags Market?
3. What is the competitive strategic window for opportunities in the Trash Bags Market?
4. What are the technology trends and regulatory frameworks in the Trash Bags Market?
5. What is the market share of the leading vendors in the Trash Bags Market?
6. What modes and strategic moves are considered suitable for entering the Trash Bags Market?

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Mr. Ketan Rohom
360iResearch
+1 530-264-8485
ketan@360iresearch.com