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 increasing demand for eco-friendly plastic alternatives and pollution control favors the adoption of compostable & biodegradable refuse bags. The growing population, non-degradable garbage bags, and toxic environment are increasing the demand for compostable & biodegradable refuse bags. Moreover, rising demand for organic products, advanced technology, and growing awareness-related health further drive the market opportunities.
Various end-use industries, such as retail, industrial and institutional, are propelling the compostable & biodegradable refuse bags market size. The increasing amount of waste, improper garbage management, and diseases from uncollected garbage are surging the demand for compostable & biodegradable refuse bags. Furthermore, growing industries, hotels, restaurants, hospitals, and commercial sites are increasing the adoption of compostable & biodegradable refuse 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.
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.
Challenges in the Market
While the Compostable & Biodegradable Refuse Bags Market holds great potential, there are certain challenges that need to be addressed:
- Cost: Compostable and biodegradable bags often have a higher price point compared to conventional plastic bags due to the cost of sourcing renewable materials and implementing sustainable production processes. This cost differential can pose a challenge for widespread adoption.
- Infrastructure and Collection Systems: To ensure proper disposal and composting of these bags, adequate infrastructure and collection systems need to be in place. Collaboration between municipalities, waste management companies, and consumers is crucial to establish effective systems.
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.
Factors Influencing the Adoption of Biodegradable and Compostable Refuse Bags
1. Growing environmental issues
The negative effects of plastic pollution are becoming more and more obvious, and customers are actively looking for alternatives with little environmental impact. Refuse bags that are compostable and biodegradable provide a sustainable alternative by lowering plastic waste and its negative effects.
2. Governmental Rules and Regulations
Globally, governments are enacting strict laws and guidelines to reduce the pollution caused by plastics. Single-use plastic bags are prohibited or subject to fees in several nations. As a result, compostable and biodegradable garbage bags have become more popular as an alternative.
3. Growing Consumer Awareness
Consumers are now more conscious of their purchasing decisions and the impact they have on the environment. The demand for eco-friendly products, including compostable and biodegradable refuse bags, is on the rise as people actively seek ways to reduce their carbon footprint.
4. Corporate Social Responsibility (CSR) Initiatives
Companies are recognizing the importance of sustainable practices and aligning their operations with environmental goals. By opting for compostable and biodegradable refuse bags, businesses can showcase their commitment to sustainability and gain a competitive edge.
5. Advancements in Technology and Manufacturing Processes
Technological advancements have led to the development of innovative materials and manufacturing processes that enable the production of high-quality compostable and biodegradable refuse bags. These bags now offer durability and functionality comparable to traditional plastic bags, making them a viable choice for consumers.
6. Growing Composting Infrastructure
As composting facilities become more widespread and accessible, the demand for compostable refuse bags is expected to increase. These bags can be conveniently disposed of in compost bins or municipal composting systems, where they break down naturally without leaving any harmful residue.
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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