The North America Trash Bags Market size is estimated at USD 3.18 billion in 2023, and is expected to reach USD 4.62 billion by 2028, growing at a CAGR of 7.77% during the forecast period (2023-2028).
Trash bags, typically made of polyethylene, are tough and light and hold garbage securely without leakage or spillover. So, they are used in many different end-user industries in the North American market, such as residential, commercial, and industrial.
The Environmental Protection Agency of the United States regulates household and industrial waste in order to protect citizens from the hazards of waste disposal. It also seeks to conserve energy and natural resources, reduce and eliminate waste, and clean up waste that has been improperly disposed of. This is likely to promote the growth of the trash bag market.
The North American trash bags market is moderately fragmented with the presence of major players like Berry Global Inc., Riverside Paper Co. Inc., The Clorox Company (Glad Products Company), Cosmoplast Industrial Company LLC, and Reynolds Consumer Products Inc. (Hefty), among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain a sustainable competitive advantage.
In September 2022, Novolex Holdings LLC announced an investment of USD 10 million to boost the capacity to recycle polyethylene films, including plastic bags, at its North Vernon, Indiana, recycling facility. The investment in recycling and recovery machinery would allow the company to produce nearly 28 million pounds of recycled material per year, which would be used to create goods built with post-industrial or post-consumer recycled content. The factory is one of the company's two world-class film recycling centers.
Reynolds Consumer Products Inc., which owns Hefty, released a new line of small and medium trash bags with high-end features in May 2022. This was done with a single-minded focus on putting the customer first.
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