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Trash Bags Market Segmentation By Product Type (Star Sealed, Gusset Sealed, Flat Sealed, Wavetop and Others); By Material Type (High Density Polyethylene, Low Density Polyethylene, Bio Degradable Polyethylene and Others); By Capacity (22-55lbs, 55-110lbs, 110-165lbs, 165-220lbs and More than 220 lbs); By Distribution Channel (Supermarkets, E-Commerce, Convenience Stores); By End Users (Retail, Industrial, Institutional, Residential) - Global Demand Analysis & Opportunity Outlook 2028

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • On January 9, 2020, The Clorox Company introduced recyclable food bags as a part of its merger with TerraCycle’s Loop pilot program in the U.S. This partnership allows the consumers in home recycling of plastic bags through a reusable steel container through ordering of the products online.

Introduction to Trash bags

Trash bags are the disposable bags used to contain solid waste and are made up of low-density polyethylene and high-density polyethylene depending upon the application. These bags are fairly lightweight and are convenient to handle the garbage and are widely used. Trash bags are particularly used for wet waste especially in case of food waste and it avoids the container contact with the waste or garbage thus, keeping the surroundings clean.

Market size and Forecast

The market for trash bags is anticipated to record a CAGR of around 6% over the forecast period, 2020-2028. The key factors anticipated to drive the growth of the market include rise in the consumption of trash bags along with the increase in generation of waste in urban areas with the rising economies. Trash bag is a material used for storage and disposal of garbage and is widely adopted across residential and commercial areas. Further, the increasing focus on unique ideas for decomposition of trash bags and the availability of wide range of trash bags is anticipated to accelerate the growth of the market over the forecast period.

The market is segmented by product type, by material type, by capacity type, by distribution channel and by end users. The product type is further segmented into star sealed, gusset sealed, flat sealed, wavetop and others. Based on segmentation by product type, the market for star sealed trash bags segment is anticipated to account for the largest market share owing to the environmental friendly nature of bags, its flexibility along with the reduction in plastic waste with the use of recycled plastics. Further, the bag is made from flexible material which has wide application in transportation and distribution of garbage. These factors are estimated to drive the market growth over the forecast period.CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Increasing Awareness Regarding Hygiene and Rising Adoption of Trash bags

In the developed markets, the adoption of trash bags is high. This rising adoption is on the back of rising disposable income of the people in emerging countries and evolving living standards of customers. In addition, various governments are implementing supportive environmental policies in context of increasing environment and health awareness, creating opportunities for the growth of the market. In developed nations, the demand for trash bags is increasing for its wide applications and it is considered more of a commodity. Moreover, dispose of some items pose serious threat to life if they enter human system indirectly as waste of things such as expired drugs, discarded electrical items and glass related items is hazardous and increasing awareness for the disposal of these kind of items is rising the demand for trash bags.

Restraints

Prohibition on the Usage of Plastics and Availability of Poor Quality Locally Manufactured Trash Bags

The regulatory bodies related to the usage of bags are imposing bans on the use of plastics to reduce the plastic footprint and this will result in prohibition of plastic use affecting the market for trash bags. However, new product innovations such as enhanced benefits decide the sustainability of the trash bags market. On the downside, presence of most of the retailers and increasing preferences of customers to use cheap products without considering the proper disposal of the product is impacting the revenue generation of trash bags market. These factors are expected to hamper the growth of the market over the forecast period.

Market Segmentation

Our in-depth analysis of trash bags market includes the following segments:

By Product Type

  • Star Sealed
  • Gusset Sealed
  • Flat Sealed
  • Wavetop
  • Others

By Material Type

  • High Density Polyethylene
  • Low Density Polyethylene
  • Bio Degradable Polyethylene
  • Others

By Capacity

  • 22-55lbs
  • 55-110lbs
  • 110-165lbs
  • 165-220lbs
  • More than 220lbs

By Distribution Channel

  • Supermarkets
  • Convenience stores
  • E-commerce
  • Others

By End Users

  • Retail
  • Industrial
  • Institutional
  • Residential
  • Others

By Region

On the basis of regional analysis, the trash bags market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for trash bags in North America is anticipated to dominate the market owing to high awareness among people in these regions along with the strict enforcement from sanitation departments for the waste disposal. Further, the market in Asia Pacific is anticipated to be most attractive market for trash bags on the back of availability of low-priced raw material for the production of large volume of bags and rising disposable incomes in the region. Additionally, changing lifestyles in leading economies such as India and China is leading to huge consumption of trash bags. The market growth is anticipated to be driven with the presence of these factors in the region over the forecast period.

The trash bags market is further classified on the basis of region as follows:

  • North America (US and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (France, Germany, Italy, Spain, UK, Belgium, Netherlands and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (Japan, India, China, South Korea, Australia, New Zealand and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Mexico, Peru, Chile, Brazil and rest of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Middle East, South Arabia, North Africa and South Africa) Market size, Y-O-Y growth and Opportunity analysis.

 Top Key Players Dominating the Market


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