The new report by Expert Market Research titled, ‘Global Trash Bags Market 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 <13 Gallons
- 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.
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