The global demand for Garbage Bags Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
A garbage bag is used for the collection, storage, disposal and handling of garbage. These bags are widely used in restaurantts, hospitals, households, colleges,offices, shops, and industries. They are designed as per USDA and FFDA specification and hence are hygienic, lightweight, durable, leak proof, portable, offers resistance to air & water, meet, and can be recycled. These bages are produced by different material such as low-density polyethylene (LDPE), high-density polythene (HDPE), liner blend polythene, woven polypropylene, biodegradable polythene, recycled polythene, and co-extruded plastic bags.
Increasing health and environmental concern, the evolving lifestyle of consumer and supportive environmental policies implemented by the government are factors contributing to the increasing demand for garbage bags. According to the World Bank, currently, about 2.01 billion metric tons of municipal solid waste (MSW) is produced annually, the figure is estimated to increase 70% by 2050. This will reflect on the market. The Asia Pacific is projected to become the largest consumer of these bags by 2026. The presence of high spending population and improving lifestyle provides a boost to regional growth. However, improper waste disposable practices in rural areas due to lack of education is projected to hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Garbage Bags.
The entire Garbage Bags market has been sub-categorized into material, size and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
- High-Density Polyethylene
- Small Size (Up to 5 Liters)
- Medium Size (Between 5 and 20 Liters)
- Large Size (More Than 20 Liters))
- Retail and Consumer
This section covers regional segmentation which accentuates on current and future demand for Garbage Bags market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Garbage Bags Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Garbage Bags market include Dagoplast, Terdex, Pack-It, MirPack, Luban Pack. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.