APAC Trash Bags Market - Industry Trends and Forecast to 2032
The Asia-Pacific trash bags market is expected to reach USD 9,165,544.84 thousand by 2031 from USD 5,535,099.93 thousand in 2023, growing at a CAGR of 6.5% during the forecast period of 2024 to 2031.
Market Segmentation: Asia-Pacific Trash Bags Market, By Type (Drawstring Trash Bags, Flat Trash Bags, Zipper Bags, Star Sealed Trash Bags, T-Shirt Trash Bags, Flat Star Sealed Trash Bags, and Others), Material (Low Density Polyethylene, High Density Polyethylene, Linear Low Density Polyethylene, Bio-Degradable Polyethylene, and Others), Capacity (10-25 Kg, 25-50 Kg, 50-75 Kg, 75-100 Kg, 100-150 Kg, More than 150Kg), End-User (Industries, Corporate Offices, Hospitals, Residential, Institutions, Laboratories, Others), Category (Non-Biodegradable, Biodegradable), Distribution Channel (Indirect Sales, Direct Sales), Countries (China, Japan, India, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, New Zealand, Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia-Pacific trash bags market Dynamics:
Drivers
• Rising importance and awareness regarding waste management
• Technological advancements in trash bags industry
• Rise in demand for premium trash bags
Restrains
• Fluctuations in raw material prices
• Increasing availability and adoption of alternative waste management solutions
Opportunities
• Rising investments in product innovation and differentiation
• Growth of e-commerce platforms and online retailing
Challenges
• Inadequate waste management infrastructure
• Lack of consumer awareness and education regarding application of trash bags
Market Players:
The key market players operating in the Asia-Pacific trash bags market are listed below:
• Berry Global Inc.
• The Clorox Company
• Reynolds Consumer Products
• Novolex
• Poly-America, L.P.
• Cosmoplast UAE
• Inteplast Group
• Polykar Industries Inc.
• Aluf Plastics
• Dumil
• OX Plastics
• BioBag International AS.
• Alpha Omega Plastic Manufacturing L.L.C.
• NOVPLASTA CZ, s.r.o.
• Universal Plastic Bags
• NaturTrust
• Mapco Plastics
• International Plastics Inc.
• TERDEX GmbH
• Four Star Plastics
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