According to a report published by Future Market Insights (FMI), the competitive landscape of the Garbage Bags market is a slightly fragmented one, marked by the presence of sizable players. Top Key Players in the European Garbage Bags Market are Novolasta, sro Senkvice, Extrapack OOD, Pack-It BV, Achaika Plastic SA, DAGOPLAST AS, Terdex GmbH, International Plastics, MirPack TM, Plasta.It, Primax Doo.
Major players are now focusing on research and development of garbage bags to stay ahead of the competition. These market players are also working to expand their geographic reach by working with local players.
Considering geography, the European garbage bag market has been segmented into Germany, France, Italy, Spain, UK, Russia and BENELUX. Belgium, the Netherlands and Luxembourg make up BENELUX.
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Owing to the high demand for garbage bags across Europe, the market is expected to soar, registering a good CAGR during the forecast period 2016-2026.
Demand for biodegradable garbage bags to stimulate growth
As far as materials are concerned, the market has been broken down into five categories. The segments are: Low Density Polyethylene (LDPE), Liner Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP), etc.
High Density Polyethylene (HDPE) is characterized by high performance and extreme tensile strength, and these properties make HDPE a leading European garbage bag market. This segment accounted for 30% of total European market revenues in 2016. During the forecast period 2016-2026, the HDPE segment is expected to expand at a CAGR of 5.5%.
These garbage bags can hold a fair amount of weight and are also cost effective. These characteristics are expected to drive the high-density polyethylene garbage bag market. In addition, high-density polyethylene or HDPE bags are available in biodegradable versions. The biodegradable HDPE bag is made of domestic biomass material, reducing dependence on oil. They are also easy to recycle and used frequently.
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The economies of developed countries such as the UK and Germany are expected to drive demand for high-end garbage bags. These premium garbage bags come with qualities such as odor control and elasticity, and people in developed countries are willing to pay extra for these premium quality garbage bags. Opportunities for premium quality trash bags are growing.
Strict government policies to curb market growth
Governments in several European countries have implemented strict measures to ban the use of plastic bags. They are imposing regulations limiting the sale of lightweight bags. Countries such as Italy and France have full bans on single-use HDPE plastic bags. While these bans restrain the growth of the HDPE garbage bag market, they also help reduce the harmful impact of plastic bags on the environment, especially on the seas, lakes, rivers and wildlife that inhabit those waters. This is one of the major restraining factors for the European garbage bag market.
Additionally, several European governments levying surcharges and increasing taxes on the use of plastic garbage bags are undermining the spirit of market players. Customers must pay an additional fee for plastic garbage bags at various convenience stores and retail outlets. These government initiatives play an important role in reducing the use of plastic garbage bags in Europe.
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This review follows the findings of a new report from Future Market Insights (FMI) entitled “The Garbage Bag Market: European Industry Analysis and Opportunity Assessment, 2016-2026”.
For the study, the market has been segmented as follows:
Global Garbage Bags Market: By Material Type
- low density polyethylene
- Liner Low Density Polyethylene
- high density polyethylene
- polypropylene
- Other
Global Garbage Bags Market: By End User
- retail and consumer
- Agency
- industry
Global Garbage Bags Market: By Size
- 7-16 gallons
- 20-30 gallons
- 32-35 gallons
- 40-48 gallons
- +55 gallons
Global Garbage Bags Market: By Regions
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Benelux
For More Insights and Information on Global Garbage Bags Market, Contact Our Analysts at press@futuremarketinsights.com
About Future Market Insights Packaging
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help