Compostable and Biodegradable Refuse Bags Market Size, Trends, Analysis, and Outlook By Capacity (7 to 20 Gallons, 20 to 30 Gallons, 30 to 40 Gallons, 40 to 55 Gallons, Above 55 Gallons), By Product (Biodegradable, Compostable), By Material (Polylactic Ac

Compostable and Biodegradable Refuse Bags Market Size, Trends, Analysis, and Outlook By Capacity (7 to 20 Gallons, 20 to 30 Gallons, 30 to 40 Gallons, 40 to 55 Gallons, Above 55 Gallons), By Product (Biodegradable, Compostable), By Material (Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), PBS, PBAT, Starch Blends, Cellophane, Paper), By Thickness (0 to 0.7 Mil, 7 to 0.9 Mil, 0.9 to 1.5 Mil, Above 1.5 Mil), By End-User (Retail and Consumer, Industrial, Institutional), by Country, Segment, and Companies, 2024-2030

The global Compostable and Biodegradable Refuse Bags market size is poised to register a 9.5% growth from $501.6 Million in 2024 to 864.7 Million in 2030, presenting significant growth prospects for companies operating in the industry. The Compostable and Biodegradable Refuse Bags market study analyzes the study across By Capacity (7 to 20 Gallons, 20 to 30 Gallons, 30 to 40 Gallons, 40 to 55 Gallons, Above 55 Gallons), By Product (Biodegradable, Compostable), By Material (Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), PBS, PBAT, Starch Blends, Cellophane, Paper), By Thickness (0 to 0.7 Mil, 7 to 0.9 Mil, 0.9 to 1.5 Mil, Above 1.5 Mil), By End-User (Retail and Consumer, Industrial, Institutional).

The Compostable and Biodegradable Refuse Bags Market is experiencing growth driven by the rising awareness about environmental sustainability and the need for eco-friendly waste management solutions. Compostable and biodegradable refuse bags, made from renewable materials like cornstarch, PLA, or bio-based polymers, offer biodegradability, compostability, and reduced environmental impact compared to traditional plastic bags. The market growth is fueled by factors such as the increasing regulations on single-use plastics, the consumer shift towards green and biodegradable packaging options, and the initiatives by governments and organizations to promote composting and waste diversion practices.

Compostable and Biodegradable Refuse Bags Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Compostable and Biodegradable Refuse Bags market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Compostable and Biodegradable Refuse Bags" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Compostable and Biodegradable Refuse Bags industry.

Key market trends defining the global Compostable and Biodegradable Refuse Bags demand in 2024 and Beyond

The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.

Compostable and Biodegradable Refuse Bags Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Compostable and Biodegradable Refuse Bags industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Compostable and Biodegradable Refuse Bags companies scaling up production in these sub-segments with a focus on emerging countries.

Key strategies adopted by companies within the Compostable and Biodegradable Refuse Bags industry

Leading Compostable and Biodegradable Refuse Bags companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Compostable and Biodegradable Refuse Bags companies.

Compostable and Biodegradable Refuse Bags Market Study- Strategic Analysis Review

The Compostable and Biodegradable Refuse Bags market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Compostable and Biodegradable Refuse Bags Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Compostable and Biodegradable Refuse Bags industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three scenarios: low case, reference case, and high case.

Compostable and Biodegradable Refuse Bags Country Analysis and Revenue Outlook to 2030

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2030. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2030.

North America Compostable and Biodegradable Refuse Bags Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Compostable and Biodegradable Refuse Bags market segments. Similarly, strong market demand encourages Canadian Compostable and Biodegradable Refuse Bags companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Compostable and Biodegradable Refuse Bags Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Compostable and Biodegradable Refuse Bags industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Compostable and Biodegradable Refuse Bags market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Compostable and Biodegradable Refuse Bags Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Compostable and Biodegradable Refuse Bags in Asia Pacific. In particular, China, India, and South East Asian Compostable and Biodegradable Refuse Bags markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Compostable and Biodegradable Refuse Bags Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Compostable and Biodegradable Refuse Bags Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Compostable and Biodegradable Refuse Bags market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Compostable and Biodegradable Refuse Bags.

Compostable and Biodegradable Refuse Bags Market Company Profiles

The global Compostable and Biodegradable Refuse Bags market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Biobag International AS, Cedo Ltd, Clondalkin Group, Cromwell Polythene Ltd, Flexopack, Mirpack, Mondi Group, Pack-It BV, Plastiroll Oy Ltd, Polybags Ltd, SIMPAC, TERDEX GmbH, The Biodegradable Bag Company Ltd, The Compost Bag Company NV/SA, Vegware Ltd, VICTOR Güthoff & Partner GmbH, Virosac Srl.

Recent Compostable and Biodegradable Refuse Bags Market Developments

The global Compostable and Biodegradable Refuse Bags market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Compostable and Biodegradable Refuse Bags Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:
By Capacity
7 to 20 Gallons

20 to 30 Gallons

30 to 40 Gallons

40 to 55 Gallons

Above 55 Gallons
By Product
Biodegradable

Compostable
By Material
Polylactic Acid (PLA)

Polyhydroxyalkanoate (PHA)

PBS

PBAT

Starch Blends

Cellophane

Paper
By Thickness0 to 0.7 Mil
7 to 0.9 Mil
0.9 to 1.5 Mil
Above 1.5 Mil
By End-User
Retail and Consumer

Industrial

Institutional

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

Biobag International AS

Cedo Ltd

Clondalkin Group

Cromwell Polythene Ltd

Flexopack

Mirpack

Mondi Group

Pack-It BV

Plastiroll Oy Ltd

Polybags Ltd

SIMPAC

TERDEX GmbH

The Biodegradable Bag Company Ltd

The Compost Bag Company NV/SA

Vegware Ltd

VICTOR Güthoff & Partner GmbH

Virosac Srl

Formats Available: Excel, PDF, and PPT