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Trash Bags Market Size, Share, Industry Analysis, Segments And Forecast To 2033
Trash Bags Market Share
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According to The Business Research Company's, The trash bags market size has grown strongly in recent years. It will grow from $10.96 billion in 2023 to $11.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the rapid growth of urban areas, increasing global population, the rise of industrial activities, increased awareness of environmental issues, and the need for efficient waste management in commercial establishments.
The trash bags market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to stricter environmental regulations and policies, growing consumer awareness, growth in retail and e-commerce channels, increasing emphasis on recycling, and growing demand for biodegradables. Major trends in the forecast period include advances in materials science, the development of stronger and more durable trash bags, the development of trash bags made from bioplastics, innovative water-soluble trash bags, and the integration of antimicrobial agents into trash bags.
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Market Drivers and Trends:
The rise of e-commerce and home delivery services is expected to propel the growth of the trash bags market going forward. E-commerce and home delivery services are rising due to increasing consumer demand for convenience, wider product availability, and the efficiency of digital shopping platforms. Trash bags are required in e-commerce and home delivery services to manage packaging waste and maintain cleanliness during the storage and disposal of shipping materials. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024, after adjusting for seasonal variation, reached $289.2 billion, marking a 2.1 percent (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the rise of e-commerce and home delivery services is driving the growth of the trash bags market.
Major companies operating in the trash bags market are developing innovative products, such as heavy-duty trash bags, to contain and transport large volumes of waste or materials. Heavy-duty trash bags are robust and durable disposable bags typically made from thicker materials such as high-density polyethylene (HDPE) or other strong plastics, designed to withstand greater weight and resist punctures or tears when holding heavier loads of waste or sharp objects. For instance, in April 2024, Revolution Sustainable Solutions, LLC, a US-based film recycling company, launched DailyGood Bags. These heavy-duty trash bags are designed for everyday household use with a strong emphasis on environmental sustainability. They are crafted from up to 97% post-consumer recycled (PCR) plastic, significantly reducing their environmental footprint compared to bags made entirely from new materials. Available in two convenient sizes a 13-gallon tall kitchen drawstring and a 30-gallon large drawstring and offered in various pack sizes online, these bags cater to different household needs while supporting eco-friendly practices through their recycled content.
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Major Key Players of the Market:
Berry Global Inc., The Clorox Company, Reynolds Consumer Products, Novolex Co., RKW Group, Cosmoplast, Inteplast Group, Mapco (Pvt) Ltd., Poly-America L.P., Glad Products Company, Heritage Bag Co., Aluf Plastics, Thantawan Industry Public Company Limited, Polykar Industries Inc., Plasta AB, International Plastics Inc., Universal Plastic Bag Manufacturing Co., Alpha Omega Plastic Manufacturing L.L.C., BioBag International AS, NOVPLASTA CZ Ltd., OX Plastics, TERDEX GmbH, Voussert SAS
Trash Bags Market 2024 Key Insights:
• The trash bags market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Growth Of E-Commerce And Home Delivery Services Drives Expansion Of The Trash Bags Market
• Innovative Heavy-Duty Trash Bags Promoting Sustainability
• North America was the largest region in the trash bags market in 2023
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