Garbage Bags Market Is Set to Experience Revolutionary Growth by 2031

Good hygiene practices have demonstrated positive effect on health. This realization has been one of the chief drivers of the garbage bags sales. As per a new study by Future Market Insights (FMI), the garbage bags market’s valuation is likely to surpass US$ 7.72 Bn in 2021. Increasing focus on hygiene and cleanliness among consumers to keep the environment around them clean has been helping garbage bags sales to pick up. Besides this, rapid urbanization and subsequent increase in waste generation has led to usage of garbage bags for proper disposal of waste.

Driven by the increasing waste generation the demand for garbage bags is expected to rise. Rising need for effective waste disposal right from households to commercial places is anticipated to boost the growth of garbage bags market in the years to come.

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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.

As per the data by, 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

“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.

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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.

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Future Market Insights (FMI), is an ESOMAR-certified market research and consulting market research company. FMI is a leading provider of market intelligence and consulting services, serving clients in over 150 countries; its market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine powered by Future Market Insights. Sign Up for a 7 day free trial!

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