Global Trash Bags Market Size to Expand at Steady CAGR of 5.8% Crossing USD 15.7 Billion by 2029

Published | 17 August 2023

Global trash bags market is flourishing due to the increasing awareness and adoption of sustainable and eco-friendly practices, and an increasing demand for eco-friendly trash bags made from biodegradable or compostable materials.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global trash bags market size at USD 11.21 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global trash bags market size to grow at a CAGR of 5.79% reaching a value of USD 15.71 billion by 2029. There is a growing trend among consumers to choose products that have a minimal impact on the environment. As a result, there is an increasing demand for trash bags made from materials such as bio-based plastics, recycled plastics, or biodegradable materials. Additionally, governments worldwide are implementing regulations and initiatives to reduce plastic waste and promote sustainable practices. These regulations often include bans or restrictions on single-use plastics, which has led to a surge in demand for eco-friendly alternatives like biodegradable trash bags. Furthermore, many companies are adopting sustainability goals and practices as part of their corporate social responsibility efforts. This includes using eco-friendly trash bags as part of their waste management strategies. The demand for sustainable products from these companies is driving the growth of the global trash bags market.

Opportunity: Increasing environmental concerns and waste management regulations

There is a heightened awareness among individuals, communities, and governments about the environmental consequences of improper waste management. Concerns about pollution, plastic waste in oceans, and landfill overcrowding have propelled the demand for effective waste containment solutions like trash bags. Governments worldwide are implementing stricter regulations and policies to address waste management issues. These regulations often include requirements for proper waste segregation, containment, and disposal. Trash bags are essential in facilitating hygienic and organized waste management practices, ensuring compliance with these regulations. Recycling and waste reduction initiatives have gained momentum globally. Trash bags are essential in collecting and separating recyclable materials, facilitating the recycling process. Additionally, the use of appropriately sized trash bags helps encourage waste reduction by optimizing bag capacity and minimizing unnecessary waste. Environmental consciousness and sustainable practices are driving the demand for eco-friendly alternatives in various sectors, including waste management. As a result, there is an increasing preference for trash bags made from biodegradable or compostable materials, which can help reduce the environmental impact associated with conventional plastic bags.

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Impact of COVID-19 on Global Trash bags Market

The COVID-19 pandemic had a profound impact on various sectors of the economy worldwide. One such sector that experienced significant changes is the trash bags market. As the pandemic unfolded, governments implemented lockdowns, people practiced social distancing, and hygiene became a primary concern. These factors, coupled with the surge in online shopping and medical waste, had a direct influence on the demand, supply, and usage of trash bags. With the imposition of lockdown measures, millions of people were confined to their homes for extended periods. This resulted in an increase in residential waste generation. As individuals spent more time at home, the consumption of goods and packaging materials rose significantly. This spike in household waste led to a higher demand for trash bags. The pandemic led to a significant shift in consumer behaviour, with more people relying on e-commerce platforms for their shopping needs. The increased volume of online purchases resulted in a surge in packaging waste, necessitating the use of trash bags for proper disposal. Additionally, the demand for larger-sized trash bags also rose as consumers opted for bulk purchases, resulting in larger packaging materials. On the contrary, the pandemic had caused disruptions in global supply chains, impacting the availability and distribution of various products, including trash bags. Restrictions on transportation, temporary closures of manufacturing facilities, and labour shortages affected the supply of raw materials required for trash bag production. These challenges led to supply chain bottlenecks and temporary shortages, affecting the market dynamics.

Segmental Information

Global Trash Bags Market - By End User

Based on end user, the global trash bags market is segmented into institutional, retail, and industrial. During the anticipated period, retail is expected to hold significant market share. The retail sector encompasses households, supermarkets, grocery stores, and other consumer-oriented establishments. As the global population continues to grow, the demand for consumer products and packaged goods is also increasing. This leads to a higher volume of waste generated by households and retail establishments, resulting in a substantial need for trash bags. Moreover, the consumer lifestyles and habits have shifted towards convenience-oriented products, ready-to-eat meals, and single-use items. These trends contribute to an increased demand for trash bags for household waste disposal in the retail sector contributing to the segment growth over the forecast period.

Competitive Landscape

The global trash bags market is fragmented, with numerous players serving the market. The key players dominating the global trash bags market are Poly-America, L.P., International Plastics, Inc., Four Star Plastics, Cosmoplast, NOVPLASTA, Berry Global Inc., The Clorox Company, Novolex Holdings Inc., Reynolds Consumer Products, Inteplast Group, Ltd, Starlinger & Co. Gesellschaft m.b.H., Abresist Kalenborn Corporation, Pack-It BV, International Plastics Inc., and Terdex GmbH. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Trash Bags Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Trash Bags Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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