Anticipating robust expansion, the global refuse bags market is set to experience a notable Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033. Projections indicate a substantial increase in market value, soaring from US$ 2.7 billion in 2023 to an estimated US$ 5.1 billion by 2033. This surge is attributed to the growing demand for efficient waste management solutions and increased awareness of environmental sustainability. Notably, the market value stood at US$ 2.5 billion in 2022, highlighting the accelerated pace of growth expected in the coming years as the refuse bags market becomes increasingly integral to global waste disposal strategies.
Anticipated growth in refuse bag sales is foreseen due to stricter environmental regulations governing trash bag disposal, coupled with increasing consumer and legislative awareness regarding environmental concerns. This surge is expected to drive demand for refuse bags, particularly those labeled as eco-friendly or green plastic waste bags, reinforcing their market presence by 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.
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.
Market Drivers:
- Environmental Awareness: Growing awareness of environmental issues and the need for sustainable practices has increased the demand for eco-friendly and biodegradable refuse bags.
- Waste Management Regulations: Stringent regulations and policies related to waste disposal and management drive the demand for efficient and compliant refuse bags that meet specific standards.
- Urbanization and Population Growth: Increasing urbanization and population growth result in higher waste generation, boosting the demand for refuse bags in both residential and commercial sectors.
- Innovation in Materials: Advancements in material technology, including the development of bio-based and recycled materials, contribute to the diversification and improvement of refuse bag options.
- E-commerce Boom: The rise of e-commerce has led to increased packaging needs, including the use of refuse bags for shipping and handling, thus driving demand in the market.
Market Restraints:
- Plastic Waste Concerns: Growing concerns about plastic pollution and its environmental impact have led to increased scrutiny and regulations on the use of traditional plastic refuse bags.
- Cost of Sustainable Materials: While there is a demand for eco-friendly materials, the production costs of sustainable alternatives like biodegradable or compostable materials can be higher, impacting pricing and market adoption.
- Limited Recycling Infrastructure: Inadequate recycling infrastructure in certain regions hampers the adoption of recyclable materials, affecting the growth of the market for such products.
- Market Saturation: In developed regions, the market for refuse bags may experience saturation, prompting companies to explore new markets or focus on product innovation to maintain growth.
- Economic Factors: Economic downturns and uncertainties can lead to reduced consumer spending, affecting industries, including waste management, and subsequently impacting the refuse bags market.
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.
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
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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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