The latest research study “Trash Bags Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global trash bags market 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.
A trash bag, also known as a bin or garbage bag, refers to a plastic bag placed inside a bin to store the waste and keep the container clean. It is made from polyethene, a petroleum-based resin that is preferred due to its high strength and tear, and chemicals and moisture-resistant properties. It is lightweight, easy to use, and assists in disposing of wet garbage, such as food scraps. As a result, trash bags are widely used in residential, commercial, and industrial spaces across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Trash Bags Market Trends and Drivers:
The market is primarily driven by the growing awareness among individuals about hygiene and cleanliness. In addition, the increasing waste generation on account of rapid urbanization represents another major growth-inducing factor.
Besides this, key players are launching stretchable and odor-resistant garbage bags for commercial and residential use. This, coupled with the numerous initiatives undertaken by governing authorities of several countries to promote the use of trash bags, is positively influencing the market growth.
Furthermore, the escalating demand for waterproof trash bags in the automotive industry, the growing prevalence of enhanced waste processing methods, and the widespread availability of cost-effective product variants are some of the other factors creating a favorable market outlook across the globe.
|Trash Bags Market Report Scope|
|Market size value in 2021||US$ 10.4 Billion|
|Market forecast in 2027||US$ 16.36 Billion|
|Growth Rate||CAGR of 7.60% from 2022 to 2027|
|Base year for estimation||2021|
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.
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.
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
Market 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:
Market 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.