Trash Bags Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2023-2030 | The Clorox Company, Berry Global Inc.

The Trash Bags Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Trash bags are disposable plastic or paper bags used to collect and dispose of waste materials. They come in various sizes for household, commercial, and industrial applications. Trash bags help collect garbage and debris in an easy-to-transport and hygienic manner.

Market Dynamics:

Rising environmental concerns around plastic waste and improving recycling infrastructure are driving demand for sustainable trash bag alternatives made from recycled plastics and plant-based materials. Compostable bags manufactured from bioplastics offer a eco-friendly solution and their adoption is growing steadily. Additionally, increasing urbanization in developing nations is leading to greater generation of municipal solid waste, thereby fueling consumption of cost-effective trash bags for efficient waste management. Strong demand from the food and beverage industry for hygienic disposal of food waste is another key factor boosting the trash bags market.

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Top Companies Covered In This Report:

★ 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
★ Novplasta S.R.O.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Material:

★ Non-biodegradable
★ Bio-degradable

By Applications:

★ Residential
★ Industrial
★ Commercial

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Driver: Rising adoption of environmentally friendly trash bags promoting sustainability and cleaner planet

The trash bags market is seeing a major driver in the form of rising demand for environmentally friendly trash bags made using recycled materials. As environmental awareness increases globally, consumers are seeking out options that generate less waste and have lesser impact on the planet. Trash bags manufactured using recycled plastic reduce the need for virgin plastic. They allow plastic materials to find a new application instead of ending up in landfills. This closed loop system promotes sustainability. Many trash bag brands are highlighting the recycled content of their products and their commitment to sustainability. Governments and organizations are also promoting the use of eco-friendly trash bags. With sustainability becoming a priority, the demand for biodegradable and recycled plastic trash bags is expected to rise significantly in the coming years.

Driver: Increasing instances of outdoor activities and events driving higher trash bag consumption

As people's lifestyles become busier, they rely more on convenience solutions for activities away from home. Outdoor events and recreational activities that produce waste require proper trash disposal options. This factor is propelling the sales of trash bags. Whether its picnics in the park, camping trips, sports events, or community gatherings, trash bags see increased usage. Their easy portability and sturdiness make them ideal for collecting and transporting trash from such outdoor settings to bins. Even household chores like yard cleaning and gardening generate waste that needs bagging. The growth in disposable incomes allows people to spend more time outdoors in leisure. All these trends are contributing to increased per capita consumption of trash bags. Brands are recognizing the untapped potential in outdoor-centric trash bag lines targeted at this growing market niche.

Restrain: Stringent regulations around plastic trash bag usage posing challenges

While plastic trash bags are convenient and affordable, their environmental impact poses a challenge for this market. Many countries and local governments are introducing stringent regulations around usage of thinner plastics like those used in standard trash bags. They are recognizing plastic as a major pollutant. Bans or levies are being put in place specifically on plastic bags. For example, several cities in European nations have completely outlawed thinner plastic bags. Even supermarkets are charging fees on plastic bags. Such restrictive regulations aim to discourage overconsumption and promote alternate green solutions. They make plastic trash bags a less viable option. Complying with diverse and evolving waste management regulations involving design, thickness, and marketing of plastic bags increases production costs as well. This acts as a headwind for the trash bags industry.

Opportunity: Potential in developing customized trash bag solutions for different end-use industries

The trash bags market sees immense opportunity in developing tailored product lines to cater to the specific needs of different end-use industries. For instance, bags designed for efficient collection and disposal of food waste from restaurants and cafeterias. Heavy-duty bags for construction debris removal. Biohazard bags for medical centers and clinics. Special bags for waste from factories, warehouses, and shops depending on the type of trash generated. Such customized solutions that strike a balance between cost, durability, and sustainability will be attractive for bulk buyers. Partnering with industry leaders allows bag manufacturers deeper insights into unique operational pain points. It also ensures a ready customer base. Focused innovation and customized product categories present a lucrative avenue for businesses to explore specialized market segments and expand their footprint. It differentiates them from commodity players.

Trends: Rising preference for compact trash bags with greater holding capacity

A noteworthy trend gaining traction in the trash bags market is the increasing popularity of compact bags that can hold more trash despite having smaller dimensions when empty. With space at a premium in urban settings, trash cans are required to hold higher volumes without taking up extra space. Consumers also prefer transporting filled bags that are less bulky. Trash bag manufacturers are addressing this need through innovative designs. They are incorporating features like elastic edges, drawstring closures and pinch-bottom technology in standard sized bags to provide 10-20% greater holding capacity compared to regular bags. Such space-saving solutions appeal to both households short of storage and organizations managing large trash volumes. Advanced production technologies allow mass manufacturing of these high-performance compact bags at affordable price-points. Their rising demand underscores bag design as a differentiated value proposition.

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Key Questions Answered in This Report on Trash Bags Market

• How much revenue will the global Trash Bags Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Trash Bags Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Trash Bags Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Trash Bags Market Insights

3.1 Market fragmentation
3.2 Market landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Trash Bags Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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This release was published on openPR.