Garbage Bags Market is anticipated to reach a high of US$ 13.6 Billion by the year 2032

The European garbage bag market is experiencing significant growth, driven by increasing awareness about the importance of proper waste management and the growing demand for eco-friendly products. In recent years, there has been a significant shift towards the use of biodegradable and compostable garbage bags, as consumers become more conscious of the impact of plastic waste on the environment.

According to a recent market research report, the European garbage bag market is expected to reach a value of $4.5 billion by 2027, growing at a CAGR of 5.5% during the forecast period from 2020 to 2027. The increasing population and rising urbanization are also expected to drive the demand for garbage bags in the region.

The market is segmented based on material, application, and country. Based on material, the market is divided into plastic, paper, and others. Plastic garbage bags are the most commonly used type and are expected to continue to dominate the market during the forecast period. However, paper and biodegradable bags are gaining popularity due to their eco-friendly nature.

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Based on application, the market is segmented into residential, commercial, and industrial. Residential applications are expected to dominate the market during the forecast period, due to the increasing population and urbanization. However, commercial and industrial applications are also expected to grow at a significant rate, due to the increasing focus on proper waste management in these sectors.

The market is also segmented by country, with the major countries being Germany, the United Kingdom, France, Italy, and Spain. Germany is expected to dominate the market during the forecast period, due to the increasing awareness about the importance of proper waste management and the growing demand for eco-friendly products in the country.

In conclusion, the European garbage bag market is expected to witness significant growth during the forecast period, driven by increasing awareness about the importance of proper waste management and the growing demand for eco-friendly products. The market is highly competitive, with a large number of players operating in the region, and key players are focusing on strategic collaborations, mergers and acquisitions, and new product launches to expand their market share.

Increase in waste generation in wake of urbanization has created the utmost need for garbage bags. Rising demand for waste disposal right from households to commercial places is anticipated to boost the growth of garbage bags market in the years to come. The global garbage bags market is expected to witness a mound of growth at a CAGR of 5.8% between 2022 and 2031, reaching US$ 13.6 Bn.

As per the data by worldbank.org, the world generates 2.01 billion tons of municipal solid waste per annum, out of which 33% of waste is not managed in an environmentally safe manner. Waste generated per person every day is averaged at 0.7 kilogram but ranges from 0.1 to 4.5 kilograms every day.

Poorly managed waste is leading to landslides of waste dumps and is contaminating world's ocean and land leading to clogged drains and flooding. Moreover, improper waste disposal is a threatening concern for human health as it transmits diseases and increases respiratory problems. These concerns have made hygiene practices such as proper disposal of waste increasingly crucial.

Besides this, expansion of service sector will continue aiding the expansion of the market. FMI has forecast the services segment to account for nearly 1/4th of the market by the end of 2031.

Key Takeaways of Garbage Bags Market Study

Recovery will be slow and steady as garbage bags market expected to register 0.1% Y-o-Y growth in 2021
Initiatives undertaken to encourage proper waste disposable will enable the U.S. account for nearly 85% of sales in North America in 2021
Post COVID-19, growth in U.K. is likely to be hampered as the market is forecast to register negative Y-o-Y growth in 2021
Negative growth is expected to persist in Germany in 2021, while France will showcase positive rise in the demand for garbage bags
Despite sluggish growth in 2020-2021, Japan and South Korea markets are expected to bounce back, exhibiting impressive rise in sales 2022 onwards
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"With focus on sustainability rising, most companies are expected to shift away from plastic to eco-friendlier materials. An increasing number of companies are likely to offer recyclable solutions to keep pace with changes in consumer behaviour and preference" says an FMI analyst.

Automation in Waste Disposal to Create Lucrative Opportunity

Handling trash cans can be a tedious task, but with the click of a button innovation has made it easy and convenient. For instance, Knectek Labs, a Toronto-based tech company has launched a trash can called Townew. This innovative product seals and replaces its own garbage bags once full to prevent spillage and mess. Moreover, it has sensors which can sense approaching objects which prevent touching the trash can at all.

Customer inclination towards automated products and increasing preference for smart homes have led to increasing demand for innovative products. These innovative trash cans require customized garbage bags such as refills, which are manufactured in accordance with the dimensions of the product and material compatible with the product. This will create opportunity for the garbage bag manufacturers to make products compatible with automatic solutions.

Impact of COVID-19 on Garbage Bags Market

Cleanliness and hygiene were given high importance during the pandemic. The need for proper disposal of napkins, tissues, waste generated by the ones infected with the virus increased the demand for garbage bags to reduce the exposure or spread of the virus. The risks associated with improper disposal of laundry, gowns, gloves or masks propelled the demand for garbage bags. Care givers, front line workers or patients required to tightly secure the garbage bags due to the risk of transmission of COVID 19. Further, the need to have different segregation of the waste for the ones infected with the virus increased the demand for garbage bags.

Garbage Bags Market Landscape

Terdex GmbH,
Novplasta, S.R.O,
Extrapack Ltd.,
Dagoplast AS,
International Plastic, Inc.,
MirPack TM,
Pack-It BV,
Achaika Plastic S.A,
Plasta.It and
Primax D.o.o.
are prominent players in the garbage bags market. The garbage bags market is fragmented and the Tier 1 players in the market hold 15-20% share in the global garbage bags market.

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Key Segments Covered in Garbage Bags Industry Research

Garbage Bags Market By Material Type

Polyethylene
Polypropylene (PP)
Others
Garbage Bags Market By Capacity

EPS
PUR
VIP
PCM
Others
Garbage Bags Market By Temperature Range

Up to 30 Litres
30-90 Litres
90-150 Litres
Above 150 Litres
Garbage Bags Market By Sales Channel

Direct Sales (Manufacturers)
Distributors/Wholesalers
Garbage Bags Market By End-Use

Services
Healthcare
Industrial Product & Construction
Retail
Hospitality
Civil Government
Defense
Transportation
Garbage Bags Market By Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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This release was published on openPR.