Overview and Scope
A trash bag is a disposable bag made from plastic or other materials designed to hold waste materials, such as garbage or trash. It is typically used for collecting and transporting household or commercial waste to be disposed of properly. Trash bags come in various sizes, strengths, and colors and are an essential tool for managing and maintaining cleanliness in homes, offices, and public spaces.
Sizing and Forecast
The trash bags market size has grown strongly in recent years. It will grow from $10.96 billion in 2023 to $11.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the rapid growth of urban areas, increasing global population, the rise of industrial activities, increased awareness of environmental issues, and the need for efficient waste management in commercial establishments.
The trash bags market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to stricter environmental regulations and policies, growing consumer awareness, growth in retail and e-commerce channels, increasing emphasis on recycling, and growing demand for biodegradables. Major trends in the forecast period include advances in materials science, the development of stronger and more durable trash bags, the development of trash bags made from bioplastics, innovative water-soluble trash bags, and the integration of antimicrobial agents into trash bags.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/trash-bags-global-market-report
Segmentation & Regional Insights
The trash bags market covered in this report is segmented –
1) By Type: Drawstring Trash Bags, Flat Trash Bags, Zipper Bags, Star Sealed Trash Bags, T-Shirt Trash Bags, Flat Star Sealed Trash Bags, Other Types
2) By Material: Low Density Polyethylene, High Density Polyethylene, Linear Low Density Polyethylene, Bio-Degradable Polyethylene, Other Materials
3) By Capacity: 10-25 Kg, 25-50 Kg, 50-75 Kg, 75-100 Kg, 100-150 Kg, More Than 150Kg
4) By End User: Industries, Corporate Offices, Hospitals, Residential, Institutions, Laboratories, Other End Users
North America was the largest region in the trash bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the trash bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16813&type=smp
Major Driver Impacting Market Growth
The rise of e-commerce and home delivery services is expected to propel the growth of the trash bags market going forward. E-commerce and home delivery services are rising due to increasing consumer demand for convenience, wider product availability, and the efficiency of digital shopping platforms. Trash bags are required in e-commerce and home delivery services to manage packaging waste and maintain cleanliness during the storage and disposal of shipping materials. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024, after adjusting for seasonal variation, reached $289.2 billion, marking a 2.1 percent (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the rise of e-commerce and home delivery services is driving the growth of the trash bags market.
Key Industry Players
Major companies operating in the trash bags market are Berry Global Inc., The Clorox Company, Reynolds Consumer Products, Novolex Co., RKW Group, Cosmoplast, Inteplast Group, Mapco (Pvt) Ltd., Poly-America L.P., Glad Products Company, Heritage Bag Co., Aluf Plastics, Thantawan Industry Public Company Limited, Polykar Industries Inc., Plasta AB, International Plastics Inc., Universal Plastic Bag Manufacturing Co., Alpha Omega Plastic Manufacturing L.L.C., BioBag International AS, NOVPLASTA CZ Ltd., OX Plastics, TERDEX GmbH, Voussert SAS
The trash bags market report table of contents includes:
1. Executive Summary
2. Trash Bags Market Characteristics
3. Trash Bags Market Trends And Strategies
4. Trash Bags Market – Macro Economic Scenario
5. Global Trash Bags Market Size and Growth
.
.
.
32. Global Trash Bags Market Competitive Benchmarking
33. Global Trash Bags Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Trash Bags Market
35. Trash Bags Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
