The global refuse bags market size is expected to increase at a compound annual growth rate (CAGR) of 6.8% between 2023 and 2033. According to projections, the market value will rise from USD 2.7 billion in 2023 to USD 5.1 billion in 2033. In 2022, the trash bag market was estimated to be worth USD 2.5 billion worldwide.
The Refuse Bags Market is experiencing a surge in demand propelled by growing environmental awareness. Consumers are increasingly prioritizing sustainable choices, leading to a heightened demand for refuse bags made from biodegradable and recycled materials. These eco-friendly alternatives offer a solution to the pressing issue of plastic pollution and align with efforts to reduce environmental impact.
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As awareness of the importance of sustainable packaging continues to spread, the market for biodegradable and recycled refuse bags is expected to witness sustained growth, reflecting a shift towards more environmentally conscious consumer behavior.
Demand for Sustainable and Eco-friendly Products is Shaping Strategy Formulation in Refuse Bag Manufacturing
The growing consumer demand for sustainable and eco-friendly products is increasingly shaping the strategies adopted by manufacturers of refuse bags. As environmental consciousness rises across the globe, sustainability has become a driving force in consumer purchasing decisions, compelling manufacturers to reassess their product offerings and business approaches.
A recent survey conducted by the World Economic Forum has confirmed that demand for sustainable products is on the rise in both developing and developed nations. Consumers today are more inclined to support brands that prioritize environmentally friendly alternatives, driving manufacturers to innovate and align with these expectations.
The ongoing trend toward sustainability has made it imperative for refuse bag manufacturers to incorporate eco-conscious materials, reduce plastic usage, and implement sustainable production practices. Companies are now focusing on offering biodegradable, recyclable, and compostable options that meet both consumer needs and environmental standards.
Key Takeaways: Refuse Bags Market
- Valuation of the global refuse bags market reached USD 2.5 billion in 2022.
- The market witnessed a 5.4% compound annual growth rate (CAGR) between 2018 and 2022.
- The U.S. refuse bags market is set to grow at a CAGR of 4.2% during the forecast period.
- Japan is anticipated to generate an incremental opportunity of USD 0.2 billion from 2023 to 2033.
- Polyethylene (PE) bags are expected to dominate, accounting for 79% of the global market share by 2033.
- Bags with a capacity of 11 to 25 gallons are projected to lead, capturing 44% of the global market by 2033.
- Commercial applications are predicted to significantly drive demand, with the segment growing at a 6.2% CAGR over the forecast period.
Competitive Landscape
Refuse bag producers frequently spend in R&D to generate unique solutions that meet specific client needs. These advancements could include features like greater durability, biodegradability, odor control, and a range of sizes to suit differing waste quantities.
Key manufacturers have adopted sustainability as a primary strategy. They may concentrate on using recycled materials to make waste bags or developing biodegradable or compostable alternatives to typical plastic bags.
- In May 2022, Berry Global announced the launch of ‘The Ruffies’ brand of refuse bags in the United Kingdom. These bags have been manufactured using tough agricultural plastic waste.
- In November 2021, Cedo Ltd announced the launch of Good Karma Antibac, a 100% recycled and 100% recyclable antibacterial refuse bag.
Refuse Bags Market Outlook by Category
By Material:
- Polyethylene (PE)
- Low-density Polyethylene (LDPE)
- Linear low-density Polyethylene (LLDPE)
- High-density Polyethylene (HDPE)
- Polypropylene (PP)
- Others (Bioplastics)
By Capacity:
- Up to 10 gallons
- 11 to 25 gallons
- 26 to 40 gallons
- 41 to 55 gallons
- Above 55 gallons
By End Use:
- Commercial
- Residential
- Industrial
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East & Africa
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