Trash Bags Market Overview:
According to the latest report by IMARC Group, titled “Trash Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global trash bags market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
What is the growth rate of the trash bags market?
The global trash bags market size reached a value of US$ 10.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.36 Billion by 2027, exhibiting a CAGR of 7.60% during 2022-2027.
Trash bags are plastic bags set inside the dustbin to hold the waste and keep the container clean. They are made from polyethylene, which is a petroleum-based product preferred due to its high strength and tear, chemicals, and moisture resistance properties. They come in various sizes, strengths, and colors, such as black, green, red, blue, and transparent. They are easy to use, cost-effective, lightweight, and aid in the disposal of sloppy and wet garbage, such as food scraps, while also helping store small and loose items to keep the products waterproof. As a result, trash bags find extensive applications in commercial, residential, and industrial spaces across the globe.
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COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Trash Bags Market Trends and Drivers:
The market is primarily driven by the rising awareness among the masses about hygiene and the cleanliness of the environment. In addition, the rising waste generation owing to the increasing population and rapid urbanization is contributing to market growth.
Moreover, with the sudden outbreak of the coronavirus disease (COVID-19) pandemic, there has been a rising demand for hygiene and protection-related products, such as trash bags. Additionally, the escalating demand for easily disposable and eco-friendly garbage bags, along with rising awareness regarding the utilization of environmentally sustainable products, is providing a positive thrust to the market growth.
Furthermore, governments of numerous countries are promoting the usage of trash bags, sustainable garbage bag breakdown, and enhanced waste processing methods, which are accelerating the product adoption rate. Besides this, key players are focusing on strategic partnerships and mergers and acquisitions (M&A) to provide customers with advanced products, which is anticipated to propel market growth in the coming years.
Global Trash Bags Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
What are the top players operating in the Trash Bags Market?
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.
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The report has segmented the market on the basis of region, type, material, size, distribution channel and end user.
Breakup by Type:
- Drawstring Bags
- Star Sealed Bags
Breakup by Material:
- High Density Polyethylene
- Low Density Polyethylene
- Linear Low-Density Polyethylene
- Bio-Degradable Polyethylene
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
Breakup by End User:
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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