The Compostable & Biodegradable Refuse Bags Market is expected to grow at a modest rate of 8% between 2022 and 2028, reaching US$ 467 million. In its recently published study, “Global Compostable & Biodegradable Refuse Bags Market: Industry Analysis and Opportunity Assessment 2022–2028,” Future Market Insights (FMI) provides important insights on the global compostable & biodegradable refuse bags market. The global compostable & biodegradable trash bags market is expected to grow at a CAGR of 8.0 percent in terms of revenue over the forecast period, owing to a variety of variables about which FMI provides detailed insights and projections in this study.
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Compostable & Biodegradable Refuse Bags Market by Capacity (7-20 Gallons, 20-30 Gallons, 30-40 Gallons, 40-55 Gallons and Above 55 Gallons.), Product Type (Biodegradable and Compostable), Material Type (PLA, PBS, PBAT, PHA, Starch Blends, Cellophane and Paper), Thickness, End Use & Region for 2022 and 2028
Compostable & biodegradable are terms used to designate organic materials breaking down in specific environment condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable & biodegradable refuse bags are made up of organic material, which are obtained from plants.
Such plant based materials which are used to make compostable & biodegradable refuse bags are starch blends (corn, potato and others), Polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment.
This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the compostable & biodegradable refuse bags market.
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The North America compostable & biodegradable refuse bags market Include country level analysis for the U.S. and Canada.
The U.S compostable & biodegradable refuse bags market is expected to grow at a CAGR of 7.7% over the forecast period wherein compostable segment enjoy dominant share, by product type. The Latin America compostable & biodegradable refuse bags market include country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. T
he Brazil compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.5% during the forecast period.
The Western Europe compostable & biodegradable refuse bags market include country level analysis for Germany, Italy, U.K., France, Spain, Benelux, Nordic and Rest of Europe. Germany and Italy account for a significant market share in the Western Europe compostable & biodegradable refuse bags market.
The Eastern Europe compostable & biodegradable refuse bags market include country level analysis for Russia, Poland and Rest of Eastern Europe. The Russia compostable & biodegradable refuse bags market is expected to expand at a CAGR of 7.6% during the next decade.
The Asia Pacific excluding Japan compostable & biodegradable refuse bags market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ. The APEJ compostable & biodegradable refuse bags market represent most lucrative geographic region wherein India and China represent substantial incremental opportunity over the forecast period.
The Middle East and Africa (MEA) compostable & biodegradable refuse bags market include country level analysis for GCC, South Africa, North Africa and Rest of MEA. Compostable & biodegradable refuse bags market in the GCC region is particularly driven by high growth in the industrial segment.
The Japan compostable & biodegradable refuse bags market is expected to expand at a CAGR of 5.3% over the forecast period.
In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.
Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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