Trash Bags Market Trends: Innovations Driving the Future of Waste Management

Posted on 2024-09-06 by researchinsights in Internet & Online // 0 Comments

The global trash bags market size is anticipated to reach USD 18.05 billion by 2030 and projected to grow at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is driven by consumer demand for ecofriendly solutions, increase in environmental awareness, and stringent regulations. Due to increasing awareness of plastic pollution’s harmful impact on the environment, governments and organizations worldwide are enacting stricter regulations. These measures include banning single-use plastics and encouraging the use of biodegradable alternatives.

Consumers increasingly favor sustainable products with a smaller environmental impacts. As a result, manufacturers are creating compostable & biodegradable trash bags. Brands like EcoSafe & BioBag now offer plant-based alternatives that break down more easily than conventional plastics.

The report “Trash Bags Market Size, Share & Trends Analysis Report By Material (HDPE, LDPE, LLDPE), By Type (Draw Tape/ Drawstring Bar, Star Sealed Bags), By Size, By Distribution Channel, By End Use, By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

In recent years, material science has made significant strides in developing biodegradable materials that match the performance of their non-biodegradable counterparts. Companies are actively investing in research and development to create cost-effective and innovative products. For example, BASF has introduced ecoflex, a fully biodegradable polyester used in compostable bags. There has been a notable increase in the number of companies entering the market and launching products specifically focused on biodegradable trash bags.

Trash Bags Market Report Highlights:

Based on material, the linear low-density polyethylene (LLDPE) segment led the market with the largest revenue share of 45.4% in 2023. LLDPE is on high demand due to their excellent flexibility, durability, and cost-effectiveness. These materials are widely utilized in trash bag production due to their resistance to punctures and tears, which makes them ideal for handling heavy and sharp waste
Based on type, the star-sealed bags segment led the market with the largest revenue share of over 46% in 2023. Star-sealed bags, also referred to as X-seal bags, are becoming increasingly popular because of their robustness and leak-proof construction. The star seal at the bottom allows the bag to distribute weight more evenly, minimizing the risk of leaks. These bags are ideal for heavy-duty applications, driving both market share and growth rate
Based on distribution channel, the convenience stores segment led the market with the largest revenue share of over 32% in 2023. Also, the e-commerce segment is expected to grow at the fastest CAGR of 6.7% during the forecast period
Based on end use, the retail segment led the market with the largest revenue share of 54% in 2023. The retail sector, encompassing households and small businesses, commands the largest market share and is projected to grow at the fastest CAGR over the forecast period. This growth can be attributed to the rising consumer demand for trash bags
Asia Pacific dominated the market with the largest revenue share of over 40.6% in 2023. These is due to continuous innovations for promoting trash bags, along with robust recycling efforts and restrictions on single-use plastics. These factors have significantly boosted the demand for eco-friendly trash bags

Order your free sample copy of “Trash Bags Market Report 2024 – 2030, published by Grand View Research

Trash Bags Market Segmentation

Grand View Research has segmented the global trash bag market report based on material, type, size, distribution channel, end use, and region:

Trash Bags Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

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

Trash Bags Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

Draw Tape/ Drawstring Bar
Star Sealed Bags
Others

Trash Bags Size Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

Small Size (3 to 13 to 50 Gallon)
Medium Size (>13 to 50 Gallon)
Large Size (>50 Gallon)

Trash Bags Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
E-Commerce
Others

Trash Bags End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)

Retail
Institutional
Industrial

Trash Bags Regional Outlook (Volume, Kilotons; `Revenue, USD Million, 2018 – 2030)

North America

- U.S.
- Canada
- Mexico

Europe

- Germany
- UK
- France
- Italy
- Spain

Asia Pacific

- China
- India
- Japan
- South Korea
- Australia

Central & South America

- Brazil
- Argentina

Middle East & Africa

- Saudi Arabia
- UAE

- South Africa

List of Key Players in the Trash Bags Market

OX Plastics
Aluf Plastics
Berry Global Inc.
Trash Cans Unlimited
International Plastics Inc.
Poly-America, L.P.
Four Star Plastics
Plasta Group
Singhal Industries Pvt. Ltd.
Tesla Plastic
TPBI Public Company Limited
Reynolds Consumer Products
MIRPACK
Arizona Bag Company LLC
Weifang Kangle Plastics Co., Ltd.
Plasbel Plásticos S.A.U.

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

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