During the forecast period spanning from 2023 to 2033, the global refuse bags market is expected to experience substantial growth, with a remarkable CAGR of 6.8%. This surge is anticipated to propel the market’s value from US$ 2.7 billion in 2023 to an estimated US$ 5.1 billion by the year 2033.
The United States refuse bags market is poised for significant growth, with an estimated CAGR of 4.2% during the forecast period. This market is expected to take a leading position globally, primarily due to the high standard of living and lifestyle enjoyed by its citizens.
The United States’ robust economy and high living standards are evident in its impressive GDP per capita, which exceeded $76,000 in 2022, showing a year-on-year growth of approximately 10%. With a thriving manufacturing and retail sector, the nation generates a substantial amount of waste, leading to a consistent demand for refuse bags for efficient waste management across various industries, institutions, and businesses.
Additionally, the United States boasts a well-established research and development infrastructure, fostering continuous advancements in refuse bag materials and technologies. This innovation is likely to result in the creation of more durable, eco-friendly, and cost-effective bags, further boosting the demand for refuse bags in the United States.
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Refuse bags’ sales are expected to witness an exponentiation in the forecast period in wake of environmental restrictions put forth regarding disposal of garbage bags. Refuse bags are known for their odor control features and ability to stretch.
With biodegradability being the topmost priority, plant-based materials like cornstarch are used for making refuse bags. It needs to be noted that these bags do not contain polyethylene. They, in fact, witness degradation within 45-60 days post break down. As an outcome, the end-consumers get enticed for choosing eco-friendly trash bags over conventional plastic.
With the HoReCa vertical growing exorbitantly, the demand for refuse bags is bound to accelerate in the forecast period. These refuse bags do come in various colors like yellow, red, black, blue, and green. Black-colored refuse bags are the ones most preferred. These bags do help in clinics and hospitals for distinguishing the type of garbage collected. Plus, various economies are into single-use plastic ban. This is another factor driving the refuse bags market. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Refuse Bags Market’, with its expertise in the form of analysts and consultants.
Key Takeaways from Refuse Bags Market
- North America dominates the refuse bags market and the scenario is expected to continue even in the forecast period. This could be reasoned with top priority being given to cleanliness throughout.
- Europe comes in second on the similar grounds. Italy, Austria, and various Nordic countries are at the forefront herein.
- The Asia-Pacific is expected to grow at the fastest rate in the refuse bags market with India leading from the front. This could be attributed to ‘Clean India’ campaign organized by the government of India.
- MEA is also expected to pick up pace with GCC countries looking out for measures to dispose organic waste.
Competitive Landscape
- 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.
“With housing facilities worldwide bound to provide an easy access to trash cans, especially for households, the refuse bags market is expected to witness wonders in the upcoming period”, says an analyst from Future Market Insights.
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Key Players are-
- Berry Global Inc.
- The Clorox Company
- The Glad Product Company
- Four Star Plastics
- Mirpack TM
- Primax d.o.o
- International Plastics Inc.
- NOVPLAST s.r.o
- DAGOPLAST AS
- Terdex GmbH.
- Kemii Garbage Bag Co. Ltd
- Novolex
- International Plastics Inc.
- Luban Packing LLC
- Cosmoplast Industrial Company LLC
What does the Report Cover?
- The research study is based on material type (high density polyethylene (HDPE), low density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene (PP), and likewise), by capacity (up to gallons, 11-25 gallons, 26-40 gallons, 41-55 gallons, and above 55 gallons), and by end-user (retail & consumer, institutional, and industrial).
- With restrictions imposed by the governments all across regarding disposal of garbage bags, the refuse bags market is expected to witness grandeur in the forecast period.
Key Segmentations-
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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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