PUBLISHER: Market Research Future | PRODUCT CODE: 1843278
PUBLISHER: Market Research Future | PRODUCT CODE: 1843278
Global Trash Bag Market Research Report Information by Material Type [High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), Biodegradable Polyethylene], by Product Type (Drawstring Trash Bags, Star-Sealed Trash Bags, Flat-Sealed Trash Bags, T-Shirt Bags, Twist Tie Bags), by Capacity [Small (Up to 10 Gallons), Medium (10-40 Gallons), Large (Above 40 Gallons)], by End Use Industry (Residential, Commercial, Industrial), by Distribution Channel (Supermarkets Hypermarkets, Convenience Stores, Specialty Stores, Online Retail), and by Region (North America, Europe, Asia-Pacific, Latin America (LATAM), Africa) Forecast till 2035
Industry Overview
By 2034, the trash bag market is expected to be valued at USD 32,852.77 million, advancing steadily with a 7.74% CAGR during the forecast period. A trash bag is a plastic sack designed to hold and carry waste inside garbage bins. It keeps the bin clean, controls odor, and allows for easier disposal of household or commercial trash. These bags are available in multiple sizes and strengths depending on the type of waste.
Urbanization and people moving to the cities are the main reasons for such a significant rise in the global trash bag market. The consumption of packaged and disposable products along with the production of waste from the households and municipalities are the main reasons for the increase in waste generation. Trash bags are the cheapest and most convenient way to collect and store waste, which is necessary to ensure hygiene and prevent diseases in densely populated urban areas. Also, the transition of government rules from waste management by collection to separation at source, and sustainable disposal, keeps on pushing the trash bag market to come up with more specialized and high-quality products and services.
Major Company Development
One of the biggest strategic moves in the history of Action Packaging was the acquisition of Four Star Plastics in March 2022. This allows Action Packaging to merge its knowledge and experience in packaging solutions with that of Four Star Plastics in the area of plastic manufacturing for the achievement of common objectives. The investment will be the source of the company's product innovation, widening of product lines, and strengthening of the market presence, giving Action Packaging access to delivering more customer-oriented and technologically-advanced solutions, as well as ensuring there is a great potential for growth in the future.
Major players in the global trash bags market include Berry Global Inc., COSMOPLAST UAE, Action Packaging, The Clorox Company, International Plastic Inc, Novolex (US), Novplasta, s.r.o, Inteplast Group, Poly-America, L.P, REYNOLDS CONSUMER PRODUCTS LLC, PLASTA GROUP, Biobag International AS, Polykar Industries Inc., Universal Plastic & Metal, Manufacturing Limited, and Alpha Omega Pack Factory L.L.C.
Report Attribute Details
Industry Segmentations
North America is the trash bag market that thrives mostly thanks to the occurrence of high levels of waste and the existence of well-developed waste management infrastructures. The mixed bag of regulatory support, innovation, and consumer awareness makes the region extremely sound for steady and long-term growth.
Europe is a leader in the green trash bag market. The continent is the region where the most drastic EU legislation is put in place, and consumers put the most pressure on companies to produce eco-friendly products. Big names are putting a lot into the development of biodegradable products to respond to the surge in demand in all major economies, with Germany, France, and the UK being the leaders.
The trash bag market in the Asia-Pacific region has become enormously popular over the past few months due to various factors such as urban migration, expansion of the industrial sector, and the rapid development of the e-commerce sector. Consumer awareness is rising rapidly in this region, which represents the greatest growth potential with the longest duration all over the world.
The Latin American trash bag market is growing steadily, with urbanization and expanding middle-class populations increasing waste volumes. The market is gradually shifting towards sustainable alternatives, though price sensitivity remains a hurdle. Ongoing initiatives to modernize waste management systems are expected to create fresh opportunities for innovative solutions.
The Middle East & Africa an emerging market with strong growth potential, driven by rising urbanization and industrial expansion. Countries like Kenya and Rwanda have pioneered plastic bans, pushing manufacturers to adapt eco-friendly solutions. South Africa and Nigeria are witnessing increasing consumer awareness of sustainability, further supporting market expansion.