openPR Logo
Press release

High-Density Polyethylene (HDPE) material type segment is expected to register highest CAGR in the Europe garbage bag market over 2016-2026

03-26-2018 01:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

High-Density Polyethylene (HDPE) material type segment

The competitive landscape of the market for garbage bag market is a mildly fragmented one marked with the presence of quite a few large players, according to a report published by Future Market Insights (FMI). The key players in the European garbage bag market are Novolasta, s.r.o Senkvice, Extrapack OOD, Pack-It BV, Achaika Plastic S.A., DAGOPLAST AS, Terdex GmbH, International Plastics, MirPack TM, Plasta.It, Primax D.o.o. The key players are now focusing on research and development of garbage bags in a bid to stay ahead in the competition. These market players are also trying to expand their geographical reach through collaborations with local players.

So far as geography is considered, the market for European garbage bag has been segmented into Germany, France, Italy, Spain, U.K., Russia, and BENELUX. Belgium, Netherlands, and Luxembourg comprise BENELUX.

Owing to the high demand of garbage bags across Europe, the market is anticipated to soar registering a good CAGR during the forecast period of 2016-2026.

Request Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-eu-3034

Demand for Biodegradable Garbage Bags to Bolster Growth

The market has been segmented into five categories, so far as material is considered. The segments are, namely Low-density polyethylene (LDPE), Liner low-density polyethylene (LLDPE), High-density polyethylene (HDPE), Polypropylene (PP) and others.

High-density polyethylene (HDPE) is characterized with high performance and extreme tensile strength and with these qualities, HDPE is forecasted to spearhead the European market for garbage bags. This segment accounted for 30% of the total revenue of the European market in 2016. During the forecast period of 2016-2026, the segment of HDPE is expected to expand at a CAGR of 5.5%.

These garbage bags have the ability to contain substantial amount of weight and are cost effective as well. Such characteristics are expected to propel the market for high-density polyethylene garbage bags. Furthermore, high-density polyethylene or HDPE bags come with biodegradable versions. Biodegradable HDPE bags are made of domestic biomass material thereby diminishing oil dependency. They are also easy to recycle and are frequently used.

Developed economies of countries like the U.K. and Germany are expected to fuel the demand for premium garbage bags. These premium garbage bags come with qualities like odour control and ability to stretch and people from the developed countries are willing to pay the extra bucks for these premium quality garbage bags. As such, the opportunity for such premium quality garbage bags are increasing.

Stringent Government Policies to Restrain the Growth of the Market

Governments of several European countries are implementing strict measure to contain the usage of plastic bags. They are imposing regulations wherein the sales of lightweight bags are getting restricted. Countries like Italy, France are applying a complete ban on HDPE plastics bags that are meant for single use. Such bans, though restraining the growth of the market for HDPE garbage bags, help to diminish the harmful effects of plastic bags on the environment, specifically the oceans, lakes, rivers, and the wildlife that inhabit in those water bodies. This is one of the major restraining factors of the European market for garbage bag.

In addition, imposition of extra charges and increased taxation by the governments of various European countries on the use of plastic garbage bags are dampening the spirit of the market players. Customers are charged extra for plastic garbage bags at various convenience and retail stores. Such government initiatives play a major role in the diminishing the usage of plastic garbage bags in Europe.

This review is as per the findings of a new report by Future Market Insights (FMI) titled, “Garbage Bag Market: Europe Industry Analysis & Opportunity Assessment, 2016-2026.”

Visit For TOC@ https://www.futuremarketinsights.com/askus/rep-eu-3034

For the study, the market has been segmented as follows:

Global Garbage bag Market: By Material Type

Low-density polyethylene

Liner low density polyethylene

High-density polyethylene

Polypropylene

Others

Global Garbage bag Market: By End User

Retail and Consumer

Institutional

Industrial

Global Garbage bag Market: By Size

7-16 gallons

20-30 gallons

32-35 gallons

40-48 gallons

+55 gallons

Global Garbage bag Market: By Geography

Europe

Germany

France

U.K.

Italy

Spain

Russia

BENELUX

About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High-Density Polyethylene (HDPE) material type segment is expected to register highest CAGR in the Europe garbage bag market over 2016-2026 here

News-ID: 992277 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Europe

Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period. A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose