Global Trash Bags Market - 2020-2027
発行: DataM Intelligence
ページ情報: 英文 180 Pages
A trash bag is a flexible material used to collect, store, dispose, and handle trash. Also, it has an extensive application in the distribution and transportation of trash or garbage. It is made of various materials such as high-density polythene (HDPE), low-density polythene (LDPE), liner blend polythene, medium-density polythene (MDPE), recycled polythene, metallocene polythene (mPE), degradable polythene, biodegradable polythene, woven polypropylene, and co-extruded plastic bags. Trash bags produced from these materials are low cost, hygienic, durable, leak-proof, lightweight, portable, offer resistance to water& air to meet USDA and FDA specifications, and be recycled.
The global trash bags market size was worth US$ XX billion in 2019 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
According to the World Bank report 2020, the amount of global trash generated in urban areas is rising faster than the urbanization rate. On average, each person produces 1.2 kg of waste, and globally 7.4 million tons of trash are produced per day. These wastes are generated from residential and corporate areas such as schools, offices, market places, restaurants, households, industries, agriculture, commercial complexes, and others.
Rising awareness regarding hygiene will increase the trash bags demand globally
The trash bags witness a high adoption rate in the developed markets as compared to emerging economies. This is primarily attributed to the high disposable incomes in developed economies, leading to high living standards. In developed economies, such as the US, Germany, and Canada, trash bags are considered more of a manadatory commodity than unessential commodities in developing economies. The rapid growth in urbanization across emerging markets has led to a significant increase in the trash bags adoption rate. Continued product developments and awareness in these regions, coupled with increasing disposable incomes, are expected to enhance trash bags' consumption in the overall global market.
Trash bags are widely used in the industrial, retail, and institutional areas. The high manufacturing of star sealed bottom trash bags is majorly in demand globally due to its high durability and storage capacity features. The product development, the increasing purchasing power of buyers in developing economies, and strict government regulations coupled with awareness programs are widely increasing the demand and consumption of trash bags worldwide during the forecast period.
Increasing demand for easily recycled trash bags
The technological development influences the sales for trash bags, and changes in regulatory scenarios support the trash bags market's growth. Consumers' evolving lifestyle, increasing health and environmental awareness, and supportive environmental policies implemented by various governments worldwide are the major factors responsible for the increasing global demand for easily recycled trash bags and, thereby, their market growth. Owing to its value-added applications, right from handling waste to transportation and trash distribution, the market for trash bags is expected to create significant change and further raise investment opportunities for companies operating in the market, especially in developing countries such as India and Mexico. Besides, the trash bags market is expected to continue to grow steadily in developed countries, wherein the consumer demand for trash storage and its management is high. The market's main growth drivers are private consumers, local packaging firms, and retailers, focusing more on delivering the local market product.
However, the trash bag market's sustainability majorly depends on new product innovations, such as bags with enhanced odor control benefits. Additionally, big and small retailers and increasing consumer preference for using cheap local products have created a highly competitive business environment for big brands of garbage bags worldwide.
COVID-19 Impact Analysis
COVID-19 pandemic has increased consumer spending across trash management and handling products due to the large consumption of retail food products. The consumption growth is due to the shutdown and lockdown policies, which focused the people on staying at home.
Despite the pandemic, there is wide growth in the overall food & beverage products and trash bags, which is expected to increase the market size in the global market during the forecast period.
Based on the type, the trash bags market has been classified into drawstring trash bags, star sealed trash bags, flat star sealed trash bags, flat trash bags, t-shirt trash bags, zipper bags, and others.
Star sealed segment accounted for the highest market share in the global market
In 2019, the star sealed trash bags are estimated to lead the market with a significant market share globally, predicting the highest growth rate during the forecast period. Star sealed bottom trash bags are considered environment-friendly, as they are formed to reduce plastic waste by up to 25% with the use of recycled plastics. Moreover, its unique design structure prevents leaks, spills, and messes and is conformable to trash cans of varied sizes. The design structure of these bags illustrates their flexibility and enables holding dry and wet waste. Besides the elastic nature, star sealed trash bags have high waste carrying capacities, maintain an equal distribution of weight, and are considered user-friendly.
Based on the distribution channel, the trash bags market has been classified into supermarkets/hypermarkets, convenience stores, specialty stores, e-commerce and others.
Supermarkets/hypermarkets segment dominated the global trash bags market in 2019
The supermarkets/hypermarkets dominate the market globally as supermarkets/hypermarkets are very convenient and extensive. The growth of the segment is mainly due to the presence of well-recognized supermarkets/hypermarkets players. They also held exceptionally high hopes for China, India, Mexico, and other developing markets, where fast-rising consumer spending seemed to presage an unprecedented demand for gleaming new stores with large assortments and wide aisles and bright lighting.
Based on geography, the study analyzes the trash bags market in the global market, including North America, Asia-Pacific, Europe, South America, and the Middle East & Africa.
Asia Pacific leads the global market throughout the forecast period
Asia-Pacific dominates the trash bags market as in China, the production and consumption of films are enormous and majorly made of trash bags. The Asia-Pacific region is anticipated to grow with the highest growth rate in the forecast period due to increasing business expansion and awareness among the customers. It leads the market's growth due to the availability of low price raw material used for manufacturing trash bags, while Germany is dominating the European market due to the ban of single-use plastic in the region. In the North America region, the U.S. is looming due to the increasing working-class population. With the growing awareness of clean surroundings, the demand for trash bags is growing in the region.
Trash bags market competitive landscape provides details by a competitor. Details included are company overview, revenue generated, market potential, company financials, investment in research and development, global presence, production sites and facilities, new market initiatives, company strengths and weaknesses, product trials pipelines, product approvals, product launch, patents, application dominance, product width and breadth, and technology lifeline curve. The key trash bags players which are contributing to the growth of the global market include Inteplast Group, Polykar Industries Inc., Polyethics Industries, Mapco (Pvt) Ltd, Four Star Plastics, Novolex, Reynolds Consumer Products, Berry Global Inc., NOVPLASTA CZ, The Clorox Company, Biodegradable Plastic Bags China, Weifang Kangle Plastics Co., Ltd, Foshan City Taiyang Packing Co., Ltd, Jiangxi Uleader Packing Co., Ltd., and Changle Shuguang Industry Co., Ltd, among others.
Overview: Inteplast Group Inc. manufactures plastic products. The company offers stretch films, grocery and foodservice plastic bags, can liners, and corrugated plastic sheets. Inteplast Group serves customers in the United States.
Product Portfolio: The company's portfolio comprises yeasts stretch films, plastic concentrates, plastics film and sheet, foams, and bagging systems.
The global trash bags market report would provide access to an approx. 81 market data table, 90 figures, and 270 pages.
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