The global garbage bag market size was worth around USD 5.21 billion in 2023 and is predicted to grow to around USD 8.23 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.20% between 2024 and 2032.
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Garbage Bag Market Overview
refuse bags, also known as bin bags, are disposable bags that are used to collect, store, and manage waste or refuse. In general, these bags are employed to line the interiors of large refuse containers or dustbins. They have a diverse array of applications in the daily lives of individuals, including colleges, households, offices, restaurants, industries, stores, and hospitals. They are constructed in accordance with the guidelines of the FDA and the USDA. Consequently, they are water and air resistant, as well as lightweight, portable, and durable, and they are leak-proof. Furthermore, these bags are effortlessly recyclable.
The refuse bag market is expected to experience a positive future due to the implementation of supportive environmental policies by governments in various regions and the increasing health and environmental awareness of consumers. Furthermore, the demand for cost-effective and convenient waste bags is on the rise due to the increasing disposable income of individuals. This is expected to further stimulate the growth of the garbage bag market over the estimated timeline. Nevertheless, the refuse bag market may be impeded in the future by stringent environmental policies and taxes on the use of plastic bags to mitigate the adverse environmental impacts.
The study encompasses the drivers and restraints of the waste bag market, as well as the influence they have on demand during the forecast period. Furthermore, the report encompasses an examination of the global refuse bag market’s opportunities.
We have incorporated a competitive landscape and an analysis of Porter’s Five Forces model for the garbage bag market to provide the consumers of this report with a comprehensive understanding of the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Garbage Bag Market is segmented based on product, application and region
Global Garbage Bag Market: Product Segment Analysis
● Low-Density Polyethylene
● Linear Low-Density Polyethylene
● High-Density Polyethylene
● Polypropylene
● Others
Global Garbage Bag Market: Application Segment Analysis
● Retail and Consumer
● Institutional
● Industrial
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The Global Garbage Bag market profiles key players such as:
● Dagoplast
● Terdex
● Pack-It
● MirPack
● Luban Pack
● Novolex
● Cosmoplast
● Extrapack
● Clorox Australia
● Achaika Plastic
● Kemii Garbage Bag Co.
● Reynolds Consumer Products
● Inteplast Group
● Four Star Plastics
● International Plastics
Regional Analysis of the Garbage Bag Market
The forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is included in the regional segmentation.
The Asia Pacific region is anticipated to be the fastest-growing market for garbage sacks. Especially in emerging economies such as China and India, the increasing demand for an efficient and effective waste management system is a contributing factor to the region’s development. It is anticipated that the North American and European regions will exhibit a significant growth rate during the forecast period. Another significant factor that is expected to drive the European refuse bag market in the future is the improved standard of living that is being observed among the middle-income group.
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