Press release
Global Garbage Bags Market: Demand for Effectively Handling and Disposing Garbage to Boost Growth
In a report, titled “Garbage Bag Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023,” Transparency Market Research (TMR) analyzes the prospects for the market. It covers growth drivers and restraints slated to impact the market’s trajectory between 2016 and 2023, besides identifying the most lucrative opportunities. The report therefore offers a comprehensive evaluation of the market via historical data, verifiable projections, and in-depth qualitative insights. The projections provided in the report are derived using industry-leading analytical tools and proven research methodologies. By doing so, the report provides a holistic repository of the global garbage bag market intended to help stakeholders get a better perspective about the market dynamics.
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Evolving consumer habits and lifestyle preferences, rising health and environmental awareness, and favorable environmental policies maintained across the globe are the chief drivers of the global garbage bags market. These bags provide value-added applications starting from safe disposal to distribution of garbage due to which their demand is projected to stoke further in the coming years. As per the report, the developing economies will exhibit comparatively higher demand, besides the garbage market across developed regions will continue demonstrating steady growth.
On the downside, sustainability issues will haunt garbage bag manufacturers through the forecast period. This challenge however can be mitigated by the introduction of innovative products such as variants with improved odor control. Additionally, the presence of a large number of local players offering cheap products will trigger fierce competition among leading and regional players.
Regionally, the report expected Asia Pacific to showcase attractive opportunities for the global garbage bags market. Besides this, the growth witnessed across North America, Europe, Latin America, and the Middle East and Africa is forecast to remain steady through the forecast period. In Asia, China will emerge as a highly lucrative market for garbage bags. In addition, North America, trailed by Western Europe will emerge as key regional markets by the end of 2026.
Some of the most prominent companies operating in the global garbage bags market are Berry Plastic Corporation, Allied Plastics, International Plastics, Clorox Australia Pty Limited, Kemii Garbage Bag Co. Ltd., Cosmoplast, Luban Pack, Heyuan Ruijian Plastic Products Co., Ltd., Terdex, and Novplasta, S.R.O.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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