The World Market for Trash Bags is Projected to Reach $12.1 Billion by 2024 - Increasing Adoption of Compostable Trash Bags - ResearchAndMarkets.com

DUBLIN--()--The "Trash Bags Market by Type (Star Sealed, Drawstring, Wavetop, C-fold, Flat Seal, Gusset Seal), End Use (Retail, Institutional, Industrial), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global trash bags market is estimated to be valued at USD 9.5 billion in 2019 and is projected to reach USD 12.1 billion by 2024, at a CAGR of 4.9% from 2019 to 2024.

This report defines, segments, and projects the trash bags market based on type, end-use, and region. It strategically profiles key players and comprehensively analyzes the ranking of leading players in the trash bags market. It also tracks and analyzes competitive developments, such as expansions, acquisitions, new product launches, and new product developments in the trash bags market.

Major companies in the trash bags market include Berry Global Inc., (US), The Clorox Company, (US), Novolex, (US), Reynolds Consumer Products, (US), Inteplast Group, Ltd., (US), Poly-America, L.P., (US), International Plastics, Inc., (US), Four Star Plastics, (US), Cosmoplast Industrial Company (L.L.C.) (UAE), and NOVPLASTA, s.r.o., (Slovakia), among various others.

Increasing adoption and demand for trash bags from households are driving the overall growth of retail trash bags market

Due to awareness regarding hygiene and favorable government initiatives for efficient waste management, the consumption of trash bags is expected to remain high in these regions for the forecast period.

For instance, in India, the implementation of strict laws for the management of waste has resulted in the timely collection of waste from households. This has supported an increase in the consumption of trash bags in this geography. Similar initiatives in other emerging economies are expected to maintain the high consumption of trash bags from the retail segment.

The star sealed segment of the trash bags market is projected to grow at the higher CAGR during the forecast period

Based on type, the star sealed segment is projected to grow at the higher CAGR between 2019 and 2024. Star sealed bottom bags are considered to be environment-friendly, as these can reduce plastic waste by up to 25% due to the use of recycled plastic.

Furthermore, their unique design structure helps prevent leaks, messes, and spills, and are easily conformable to trash cans of all sizes. The design structure of these bags illustrates their flexible nature and enables holding dry as well as wet waste. Besides their flexible nature, star sealed trash bags have high waste carrying capacities and maintain an equal distribution of weight and are considered user-friendly.

Asia-Pacific is the fastest-growing regional segment in the global trash bags market

The trash bags market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. The market in the Asia-Pacific (APAC) region is growing rapidly. This region is home to some of the leading consumers of trash bags globally, such as China, Japan, South Korea, and India.

Rising urbanization and industrialization are driving the consumption of trash bags for retail applications, which is growing at a significant rate, and the same trend is expected to continue in the coming years. Dense population and growing per capita incomes in this region, along with government initiatives, are major factors driving the growth of the market.

Increasing construction activities, rising populations, and growth in disposable incomes are some of the major factors attributed to the growth of the market in the region. Countries, such as China, Japan, South Korea, India, Singapore, and Australia are majorly driving growth in the Asia-Pacific region and provide considerable scope for the further development of the trash bags market.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Stakeholders

1.6 Limitations

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Data Triangulation

2.4 Assumptions

3 Executive Summary

4 Premium Insights

4.1 Trash Bags Market

4.2 Trash Bags Market, By Type

4.3 Trash Bags Market, By End Use

4.4 Trash Bags Market, By Region

5 Market Overview

5.1 Introduction

5.1.1 Municipal Solid Waste (MSW) Generation, By Country (2025)

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Rapid Urbanization and Economic Development

5.2.1.2 Rising Awareness of Hygiene

5.2.1.3 Increasing Penetration of Trash Bags in Emerging Economies

5.2.2 Restraints

5.2.2.1 Lack of Government Support

5.2.2.2 Taxes & Bans on the Consumption of Plastic Bags

5.2.3 Opportunities

5.2.3.1 Increasing Adoption of Compostable Trash Bags

5.2.3.2 Increasing Use of Oxo-Biodegradable Additives

5.2.4 Challenges

5.2.4.1 Environmental Damage and Risk to Biodiversity

5.2.4.2 Fluctuating Raw Material Prices

5.3 Porter's Five Forces Analysis

6 Industry Trends

6.1 Economic Indicators

6.1.1 Industry Outlook

6.1.1.1 Waste Generation

6.1.1.2 Oil & Gas

6.1.1.3 Urban Population

7 Trash Bags Market, By Material

7.1 Introduction

7.2 High-Density Polyethylene (HDPE)

7.3 Low-Density Polyethylene (LDPE)

7.4 Linear Low-Density Polyethylene (LLDPE)

7.5 Bio-Degradable Polyethylene

7.6 Others

8 Trash Bags Market, By Size

8.1 Introduction

8.2 3 to <13 Gallons

8.3 Greater Than 13 to Less Than 50 Gallons

8.4 Above 50 Gallons

9 Trash Bags Market, By Type

9.1 Introduction

9.2 Drawstring Bags

9.3 Star Sealed Bags

9.4 Others

10 Trash Bags Market, By End Use

10.1 Introduction

10.2 Retail

10.3 Institutional

10.4 Industrial

11 Regional Analysis

11.1 Introduction

11.2 Asia Pacific

11.2.1 China

11.2.2 India

11.2.3 Japan

11.2.4 South Korea

11.2.5 Rest of Asia Pacific

11.3 Europe

11.3.1 Germany

11.3.2 France

11.3.3 Italy

11.3.4 UK

11.3.5 Russia

11.3.6 Spain

11.3.7 Poland

11.3.8 Greece

11.3.9 Rest of Europe

11.4 North America

11.4.1 US

11.4.2 Canada

11.4.3 Mexico

11.5 Middle East & Africa

11.5.1 Saudi Arabia

11.5.2 South Africa

11.5.3 Nigeria

11.5.4 Rest of Middle East & Africa

11.6 South America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of South America

12 Competitive Landscape

12.1 Overview

12.2 Competitive Leadership Mapping, 2019

12.2.1 Specialists

12.2.2 Innovators

12.2.3 Leaders

12.2.4 Challengers

12.3 Competitive Benchmarking

12.3.1 Strength of Product Portfolio

12.3.2 Business Strategy Excellence

12.4 Market Ranking of Key Players

12.5 Competitive Scenario

12.5.1 Acquisitions

12.5.2 Expansions

12.5.3 New Product Launches

12.5.4 New Product Development

13 Company Profiles

13.1 Berry Global Inc.

13.1.1 Business Overview

13.1.2 Products Offered

13.1.3 Recent Developments

13.1.4 SWOT Analysis

13.2 The Clorox Company

13.3 Novolex

13.4 Inteplast Group, Ltd.

13.5 Four Star Plastics

13.6 International Plastics, Inc.

13.7 Reynolds Consumer Products

13.8 Poly-America, L.P.

13.9 Cosmoplast Industrial Company (L.L.C.)

13.10 Novplasta, S.R.O.

13.11 Other Companies

13.11.1 Extrapack Ood

13.11.2 Achaika Plastics S.A.

13.11.3 Pack-It B.V.

13.11.4 Mirpack TM

13.11.5 Allied Propack Private Limited

13.11.6 Ruijian Plastic Products Co. Ltd.

13.11.7 Plasta

13.11.8 Kemii Garbage Bag Co. Ltd.

13.11.9 Luban Packing LLC

13.11.10 Terdex GmbH

For more information about this report visit https://www.researchandmarkets.com/r/ewjs2u

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Related Topics: Household

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Household