Global Trash Bags Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

August 08 20:44 2022
Global Trash Bags Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
Trash Bags Market Report and Forecast 2021-2026
Global Trash Bags Market to be Driven by the Increasing Waste Generation Due to Growing Urbanisation in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Trash Bags  Market Analysis, Size, Share, Price, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global trash bags market, assessing the market based on its segments like material, size, type, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 10.3 Billion
  • Forecast CAGR (2021-2026): 5.0%
  • Forecast Market Size (2026): USD 13.9 Billion

The increasing waste generation caused by rapid urbanisation is assisting the growth of the trash bag market. According to World Bank, by 2045, the world’s urban population will have grown to 6 billion people, a 1.5-fold increase. It is also predicted that by 2050, worldwide solid waste production will have increased to 3.40 billion tonnes. Increasing consumer awareness about health and hygiene along with cleanliness of the environment is also boosting the adoption of trash bags. Asia is an emerging market of trash bags owing to the huge population and rapid urbanisation rates in India and China which is followed by Nigeria. India is expected to gain 416 million urban residents by 2050, China 255 million, and Nigeria 189 million.

Industry Definition and Major Segments

A trash bag is a lightweight, disposable bag that is used to collect solid and liquid waste. These bags can be used to line the insides of waste bins to keep them from becoming coated in waste. Trash bags are primarily made using polyethylene, a petroleum-based resin that is valued for its tear resistance and strength.

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On the basis of material, the market is segmented into:

  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Linear Low-Density Polyethylene (LLDPE)
  • Bio-Degradable Polyethylene
  • Others

Based on size, the market is divided into:

  • 3 to
  • Greater Than 13 to Less Than 50 Gallons
  • Above 50 Gallons

Based on type, the market is divided into:

  • Drawstring Bags
  • Star Sealed Bags

On the basis of end-use, the market is segmented into:

  • Retail
  • Institutional
  • Industrial

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Waste management is a growing global concern as it poses a serious threat to the eco-system and human health. According to the United Nations Environment Program, about 11.2 billion tonnes of solid waste is collected globally. This has forced administrative bodies all over the world to take active measure for waste collection and spread awareness about proper waste disposal. This has increased the adoption of trash bags worldwide as an efficient waste management solution. The environmental hazards caused due to use of plastic bags have led to introduction of bio-degradable garbage bags. Recently, due to the global pandemic, the consumer awareness for health and hygiene has increased, which have boosted the trash bag market. The use of trash bags for disposal of bio-hazard wastes in hospitals have also increased significantly.

Key Market Players

The major players in the market are Berry Global Inc., The Clorox Company, Inteplast Group, Ltd., International Plastics, Inc., Cosmoplast Industrial Company (L.L.C.), Novplasta, S.R.O., and BioBag International AS., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

 

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