Trash Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global trash bags market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.32% during 2023-2028.
Trash bags are plastic bags placed inside the bin to hold the waste and keep the container clean. They are made from polyethylene that offers high strength and tear, chemicals, and moisture resistance. They are lightweight, easy to use, cost-effective and assist in disposal of sloppy and wet garbage, such as food scraps. They also help store small and loose items and keep the products waterproof. As a result, trash bags find extensive applications in residential, commercial, and industrial spaces across the globe.
Trash Bags Market Trends:
The growing awareness among individuals about hygiene and cleanliness of the environment represents one of the key factors driving the market. Moreover, there is a rise in waste generation due to rapid urbanization and the increasing population across the globe. This, along with numerous initiatives undertaken by governments and regulatory bodies of several countries to promote the use of trash bags, is propelling the growth of the market. In addition, the rising focus of individuals on new garbage bag breakdown methods and processes is positively influencing the market. Besides this, enhanced waste processing methods and garbage transportation and distribution facilities are catalyzing the demand for trash bags around the world. Additionally, trash bags are widely used to store and carry waste without the risk of spreading diseases or infections. Apart from this, the increasing demand for waterproof trash bags in the automotive industry is offering lucrative growth opportunities to end-users. Furthermore, key market players are focusing on strategic partnerships to provide customers with enhanced products. These players are also focusing on mergers and acquisitions (M&A), which is projected to increase their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global trash bags market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material, size, distribution channel and end user.
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
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Universal Plastic Bags.
Key Questions Answered in This Report
1. What was the size of the global trash bags market in 2022?
2. What is the expected growth rate of the global trash bags market during 2023-2028?
3. What are the key factors driving the global trash bags market?
4. What has been the impact of COVID-19 on the global trash bags market?
5. What is the breakup of the global trash bags market based on the type?
6. What is the breakup of the global trash bags market based on the material?
7. What is the breakup of the global trash bags market based on distribution channel?
8. What is the breakup of the global trash bags market based on the end user?
9. What are the key regions in the global trash bags market?
10. Who are the key players/companies in the global trash bags market?