Trash Bags Market

Trash Bags Market

Growth Factors of Trash Bags Market

The trash bags market size was valued at USD 10.15 billion in 2023, and the market is now projected to grow from USD 10.69 billion in 2024 to USD 16.83 billion by 2032, exhibiting a CAGR of 5.86% during the forecast period of 2024-2032.

The COVID-19 pandemic fairly impacted the trash bags market. While home waste manufacturing spiked due to elevated consumption of packaged food and on-line purchasing, there was additionally a surge in medical waste from healthcare sports. However, the temporary closure of business and commercial sectors like production, restaurants, and offices negatively affected the call for trash baggage. This blended impact ended in both improved usage in some areas and decreased demand in others.

The developing international population has elevated the consumption of goods, leading to higher waste era, especially in urban areas in which consumption fees are higher than in rural regions. This surge in waste has raised the demand for powerful waste control, riding the need for trash luggage. The accelerating demand for trash luggage in city areas is fueled with the aid of residential, industrial, and commercial sectors seeking green methods for waste series and disposal, contributing to the market's growth.

Post-pandemic, heightened health and hygiene concerns have made people more conscious of maintaining clean and sanitized environments. This cognizance has led to expanded utilization of disposable items like sanitary merchandise and wipes, resulting in higher waste era. As a result, the demand for trash luggage has risen to make certain powerful waste series and prevent infection in residential and industrial spaces.

Comprehensive Analysis of Trash Bags Market

The trash bags market growth is also increasing exponentially because of the segmentation of its market. In fact, this market expansion offers a specific regional analysis based on the primary supply and demand forces, which affect the industry. These segmentations are methodically segregated by material analysis, by type analysis, by capacity analysis and by end-user analysis. By material analysis incudes Polyethylene (PE) [Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE)], Polypropylene (PP), and others. By type analysis incudes drawstring, twist tie, handle tie, and others. By capacity analysis incudes 3-13 gallons, 14-50 gallons, and above 50 gallons. By end-user analysis incudes residential, commercial, and industrial.

The Asia Pacific region lead the trash bags market share by benefitting a market size of USD 4.04 billion in 2023 due to growing population, industrialization, and urbanization.

The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, Berry Global, Novolex, Reynolds Consumer Products, Poly-America, L.P., International Plastics, Inteplast Group, Plasta Group, Four Star Plastics, Cosmoplast, The Clorox Company, Novplasta, Alpha Omega Plastic Manufacturing L.L.C., Aluf Plastics, BioBag International AS, Universal Plastic & Metal Manufacturing Limited, Polykar Industries Inc. these market players provide a level-playing competitive landscape.

In October 2023 - Plasta Group acquired LLC GEROVĖ, expanding its customer base by incorporating recyclable plastic shopping, food, and waste bags, along with films into its product offerings.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.86% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

• Polyethylene (PE)

- Low Density Polyethylene (LDPE)

- High Density Polyethylene (HDPE)

- Linear Low-Density Polyethylene (LLDPE)

• Polypropylene (PP)
• Others

By Type

• Drawstring
• Twist Tie
• Handle Tie
• Others

By Capacity

• 3-13 Gallons
• 14-50 Gallons
• Above 50 Gallons

By End-User

• Residential
• Commercial
• Industrial

By Region

• North America (By Material, Type, Capacity, End-User, and Country)

- U.S. (By End-User)

- Canada (By End-User)

• Europe (By Material, Type, Capacity, End-User, and Country)

- Germany (By End-User)

- U.K. (By End-User)

- France (By End-User)

- Italy (By End-User)

- Spain (By End-User)

- Russia (By End-User)

- Poland (By End-User)

- Romania (By End-User)

- Rest of Europe (By End-User)

• Asia Pacific (By Material, Type, Capacity, End-User, and Country)

- China (By End-User)

- India (By End-User)

- Japan (By End-User)

- Australia (By End-User)

- South Korea (By End-User)

- Southeast Asia (By End-User)

- Rest of the Asia Pacific (By End-User)

• Latin America (By Material, Type, Capacity, End-User, and Country)

- Brazil (By End-User)

- Mexico (By End-User)

- Argentina (By End-User)

- Rest of Latin America (By End-User)

• Middle East & Africa (By Material, Type, Capacity, End-User, and Country)

- Saudi Arabia (By End-User)

- UAE (By End-User)

- Oman (By End-User)

- South Africa (By End-User)

- Rest of the Middle East & Africa (By End-User)


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