Trash Bags Market Size, Share, Revenue Report and Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Trash Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global trash bags market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Trash Bags
Plastic bags, also known as trash bags, are utilized within bins to maintain cleanliness and secure the waste. Composed of polyethylene, they possess remarkable durability, resistance to tearing, chemicals, and moisture. These lightweight and cost-effective bags aid in the disposal of messy and damp rubbish, particularly food scraps. Additionally, they facilitate the organization of small and loose objects while providing waterproof storage. Consequently, trash bags have widespread usage worldwide, spanning residential, commercial, and industrial domains.
How Big Is the Trash Bags Market?
The global trash bags market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.32% during 2023-2028.
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What are the growth prospects and trends in the trash bags industry?
The growing awareness among individuals about the need of environmental hygiene and cleanliness is primarily driving the trash bags market. Furthermore, the elevating levels of urbanization and population growth worldwide have resulted in a higher volume of waste generation which has led to an increased demand for trash bags as they play a crucial role in waste management.
Additionally, several governments and regulatory bodies of many countries have initiated programs to encourage the use of trash bags, which is further boosting the market. Besides this, individuals are now more focused on finding innovative methods and processes for breaking down garbage bags, which has a positive impact on the market. Additionally, improved waste processing techniques and better transportation and distribution facilities have contributed to the rising demand for trash bags globally. Trash bags are not only used for waste containment but also for storing and transporting waste safely, minimizing the risk of disease transmission.
Furthermore, the automotive industry’s increasing demand for waterproof trash bags has created lucrative opportunities for market growth. Key market players are actively engaging in strategic partnerships and mergers and acquisitions to enhance their product offerings, increase sales, and improve profitability. This further strengthens the market’s growth prospects.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Drawstring Bags
- Star Sealed Bags
- Others
Breakup by Material:
- High Density Polyethylene
- Low Density Polyethylene
- Linear Low-Density Polyethylene
- Bio-Degradable Polyethylene
- Others
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
- Others
Breakup by End User:
- Residential
- Commercial
- Industrial
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
Who are the key players operating in the industry?
The report covers the major market players including:
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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