The Garbage Bags in US market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2023 to 2033. Market valuation is projected to surge from US$ 1.9 billion in 2023 to US$ 2.5 billion by 2033. In 2022, the market was valued at US$ 1.8 billion and is expected to exhibit a Year-on-Year (Y-o-Y) growth of 2.4% by the end of 2023.
Material technology advancements have led to the development of more durable, environmentally friendly, and cost-effective garbage bag materials. Innovations such as biodegradable and compostable garbage bags are gaining popularity due to their reduced environmental impact, catering to the growing demand for sustainable waste management solutions.
The increasing environmental consciousness and concerns regarding effective waste management practices have amplified the focus on recycling and responsible waste disposal. Garbage bags have emerged as a preferred choice for consumers, offering a convenient and hygienic solution for waste collection and disposal. This aligns seamlessly with the growing emphasis on sustainability and is a driving force behind the rising demand for garbage bags in the United States.
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Key Trends in the Garbage Bags in US Industry
The Garbage Bags in US market is experiencing a surge in demand, driven by evolving consumer preferences for a wide range of scents, including floral and citrus, among others.
In response to the increasing concern about plastic pollution and its environmental consequences, there’s a growing emphasis on sustainable practices throughout the production and utilization of garbage bags. This has fostered the adoption of eco-friendly materials and production processes.
Furthermore, the growing desire for convenience has led to the integration of user-friendly features, such as drawstrings, odor control technology, and antimicrobial properties, all of which contribute to an enhanced user experience. These value-added features cater to the evolving needs of consumers and elevate the functionality and desirability of garbage bags in the market.
Increasing Demand for Biodegradable and Compostable Bags
Amid escalating environmental apprehensions, there is an increasing inclination towards using garbage bags crafted from biodegradable or compostable materials. These options are gaining favor among consumers due to their inherent ability to decompose naturally, thereby lessening their ecological footprint when compared to conventional plastic bags.
Drivers:
- Population Growth: An increasing population leads to higher waste generation, bolstering the demand for garbage bags.
- Environmental Awareness: Growing concerns about plastic waste and environmental conservation have led to a shift toward eco-friendly garbage bags.
- Urbanization: The trend of urbanization increases the use of garbage bags in cities and metropolitan areas.
- Regulatory Initiatives: Government regulations promoting waste management and recycling encourage the use of garbage bags.
- Consumer Convenience: Garbage bags offer a convenient and hygienic way to manage and dispose of household waste.
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Key Players
- Berry Global Inc
- Harwal Group of Companies (Cosmoplast)
- Clorox Company
- Simpac Impex P Ltd
- Reynolds Consumer Group
- Novolex
- American Plastic Co.
- International Plastics Inc.
- Poly-America LP
- Four Star Plastics
- Inteplast Group Corporation
Garbage Bags in US Market Segmentation
By Material:
- Polyethylene
- Low-density polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
- High-density polyethylene (HDPE)
- Polypropylene (PP)
- Bioplastics
- Others
By Product:
- Scented
- Non- Scented
By Capacity:
- Up to 30 Liters
- 30 to 90 Litres
- 90 to150 Litres
- Above 150 Litres
By Type:
- Sustainable
- Conventional
By Sales Channel:
- Manufacturer/Direct Sales
- Retail Sales
- Hypermarket & Supermarket
- Convenience Stores
- Specialty Stores
- E-Commerce
By End Use:
- Commercial
- Residential
- Industrial
By Sub-region:
- Northeast
- Southwest
- West
- Southeast
- Midwest
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