The compostable & biodegradable refuse bags market is predicted at a valuation of US$ 318.1 million in 2023 and is expected to reach US$ 653.0 million by 2033. The market is likely to register a CAGR of 7.5% during the forecast period.
The Compostable & Biodegradable Refuse Bags Market has been witnessing significant growth in recent years due to the rising environmental concerns and the need for sustainable waste management solutions. These bags offer an eco-friendly alternative to traditional plastic bags, as they can be broken down naturally by microorganisms, reducing the burden on landfills and minimizing the adverse impact on the environment.
The market for compostable and biodegradable garbage bags is being driven by a variety of end-use sectors, including retail, industrial, and institutional. The demand for compostable & biodegradable refuse bags is rising due to rising waste, poor garbage management and diseases from uncollected garbage. Also, expanding enterprises, lodging facilities, dining establishments, medical facilities, and commercial locations are increasing the use of compostable and biodegradable garbage bags.
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Manufacturers are focused on manufacturing sustainable bags to reduce environmental plastic pollution. According to a survey, around 150 million metric tons (MMT) of plastic are already floating in the oceans, and due to its hazardous chemical, millions of aquatic animal’s life die annually. Moreover, several reports found that micro-plastics can affect plants’ soil pH and rooting ability. Therefore, manufacturers have been using eco-friendly solutions to develop paper bags to control environmental pollution.
Which Product Type Segment is leading in the Market?
The compostable category leads the product type segment in the global market by capturing a CAGR of 7.2% during the forecast period. The compostable segment is increasing due to its natural plant stretch. These bags are biodegradable, leak-proof, and fully recyclable. As a result, the demand for compostable bags is growing due to their superior advantages and quality.
Key Takeaways:
- The compostable & biodegradable refuse bags market is expected to have a valuation of US$ 653.0 million by 2033.
- With a CAGR of 7.5%, the global market is increasing during the forecast period.
- The United States compostable & biodegradable refuse bags market is anticipated to grow at a CAGR of 7.2% through 2033.
- With a CAGR of 7.0%, the United Kingdom market significantly uplifts during the forecast period.
- The Indian market is expected to grow at a CAGR of 10.1% over the forecast period.
Who is Winning?
The prominent vendors are growing the market by contributing essential roles during the forecast period. Globally, the rising pollution through plastic is a huge problem. To solve this problem, manufacturers are using sustainable and innovative products that may reduce environmental pollution. Therefore, rising research and development activities to use eco-friendly bags are expected to increase the market growth.
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Prominent Players in the Market are as follows:
- 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
- The Compost Bag Company
- SIMPAC
- TERDEX GmbH
Recent Developments in the Compostable & Biodegradable Refuse Bags Market are:
In Jun 2020, India’s leading Oxo-biodegradable and compostable bags- Ecosac Utility Bags, introduced Kachra Sack Line bags. These bags are eco-friendly and efficient in controlling environment pollution.
The Market Landscape: Current Trends and Growth Prospects
The Compostable & Biodegradable Refuse Bags Market is experiencing robust growth as consumers increasingly prioritize eco-friendly alternatives. Let’s explore the current trends and growth prospects of this market.
1. Increasing Government Regulations
Governments worldwide are enacting stringent regulations to limit the use of single-use plastics and promote sustainable practices. These regulations drive the demand for compostable and biodegradable refuse bags as businesses and individuals seek compliance with the new norms.
2. Growing Consumer Awareness
There is a growing awareness among consumers about the impact of plastic pollution on the environment. As people become more conscious of their ecological footprint, they are actively seeking environmentally friendly options, including compostable and biodegradable refuse bags.
3. Shift Towards Sustainable Packaging
Businesses are recognizing the importance of sustainable packaging solutions to enhance their brand image and meet consumer expectations. Many companies are opting for compostable and biodegradable refuse bags as part of their sustainable packaging strategies.
Compostable & Biodegradable Refuse Bags Market by Category
By Capacity:
- 7 to 20 Gallons
- 20 to 30 Gallons
- 30 to 40 Gallons
- 40 to 55 Gallons
- Above 55 Gallons
By Product Type:
- Biodegradable
- Compostable
By Material Type
- PLA
- PBS
- PBAT
- PHA
- Starch Blends
- Cellophane
- Paper
By Thickness:
- 0 to 0.7 mil
- 7 to 0.9 mil
- 9 to 1.5 mil
- Above 1.5 mil
By End Use:
- Retail & Consumer
- Industrial
- Institutional
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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