Trash Bags Market by Sales, Revenue, Price and Gross Margin (2020-2026)

Trash bags are manufactured from two main types of polymers – low-density polyethylene (LDPE) and high-density polyethylene (HDPE). HDPE offers additional strength and water proofing to trash bags. Trash bags manufactured from polyethylene are non-biodegradable in nature and hence, cause environmental pollution. To reduce environmental pollution, biodegradable plastics such as poly-lactic acid, which is derived from corn-starch, is generally used.

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Increasing disposable income of people in emerging economies is a major factor that drives growth of the trash bags market. For instance, according to the Ministry of Statistics and Programme Implementation (India), disposable income in the country increased to US$ 2693478.5 Mn in 2018 from US$ 2369487.4 Mn in the previous year.

Trash bags are used as a regular item in developed regions such as Europe and North America. Hence, the demand for trash bags in such regions have been steady over the past few decades.

Market Outlook:

Asia Pacific remains the major market for trash bags and is expected to grow at above average rates mainly due to increasing population and higher demand for waste handling products and services in the region. For instance, according to the UN report published in June 2019, the population in India is expected to grow at a faster pace, adding 273 million people to its current total of 1.34 Billion by 2050.

Key players operating in the global trash bags market include The Clorox Company, Berry Global Inc., Reynolds Consumer Products, Novolex, Inteplast Group, Ltd., Poly-America, L.P., Four Star Plastics, International Plastics, Inc, Cosmoplast Industrial Company (L.L.C.), Terdex, and Novplasta S.R.O.

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Market Taxonomy:

On the basis of material type, the global trash bags market is segmented into:

Non-biodegradable
Bio-degradable
On the basis of application, the global trash bags market is segmented into:

Residential
Industrial
Commercial

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This release was published on openPR.