December 18, 2024 06:02 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, Dec. 18, 2024 (GLOBE NEWSWIRE) -- The global garbage bag market is on track for significant growth, with market valuation expected to increase from USD 9,681.0 million in 2024 to USD 14,602.3 million by 2034, exhibiting a compound annual growth rate (CAGR) of 4.2% during the forecast period. This follows a year-on-year growth of 3.3% in 2023, bringing the market size to USD 9,382.6 million. shopping bag
The global garbage bag market is experiencing robust growth driven by increasing urbanization, rising environmental awareness, and growing waste generation. The demand for garbage bags is expected to rise as cities expand and adopt stricter waste management policies. Key consumers include households, commercial establishments, and industries, with a growing preference for durable, leak-proof, and odor-resistant bags.
Future trends in the market include a shift toward sustainable and biodegradable garbage bags as governments and consumers push for environmentally friendly alternatives. The adoption of compostable bags made from materials like cornstarch or plant-based polymers is accelerating, driven by bans on single-use plastics in various regions. Additionally, recyclable plastic bags and reusable waste disposal systems are gaining traction.
Innovations in the market are centered on enhancing bag functionality and eco-friendliness. Manufacturers are developing multi-layered bags with improved strength, odor control, and resistance to tearing. Smart garbage bags embedded with sensors that monitor fill levels and notify users via apps are an emerging trend, especially in smart city initiatives.
Moreover, companies are focusing on localized production to reduce supply chain emissions, and integrating recycled materials into manufacturing processes, contributing to a circular economy. The garbage bag market is poised for continued growth, fueled by innovation and sustainability trends.
Key Takeaways of Global Garbage Bags Market
Key Drivers Fueling Market Growth
The surge in demand for garbage bags is being driven by several factors, including:
PE Garbage Bags Leading the Market
Polyethylene (PE) garbage bags are particularly popular due to their strength and tear-resistance. By 2034, PE garbage bags, made primarily from LDPE and LLDPE, are expected to hold a 71.7% market share. Demand for HDPE garbage bags is also set to grow, particularly among middle-income consumers, due to their affordability and durability.
The market is witnessing a shift toward sustainable alternatives such as biodegradable, compostable, and plant-based garbage bags. Eco-conscious consumers are increasingly opting for products like Plastno compostable garbage bags, which are made from renewable plant-based materials. These bags are non-toxic, durable, and fully compostable, promoting sustainability without sacrificing quality.
North America is leading the way with certifications like the Biodegradable Products Institute (BPI) emblem, ensuring compliance with stringent ASTM standards for biodegradable products.
Key Trends Shaping the Future
The global garbage bag market is undergoing a transformative shift, driven by rising urbanization, growing hygiene awareness, and demand for sustainable solutions. Innovations in eco-friendly materials, premium designs, and plant-based options are reshaping the industry, ensuring robust growth through 2034. Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
As consumer preferences shift toward eco-friendly and premium waste disposal solutions, manufacturers are focusing on innovation and sustainability. The growing trend of biodegradable and compostable garbage bags is paving the way for a greener future in waste management.
With increasing investments in research and development, the garbage bag industry is poised for a period of significant transformation, offering numerous growth opportunities for market players.
The Clorox Company; Reynolds Consumer Products Inc.; Poly-America, L.P.; Berry Global Inc.; Dagöplast A.S.; International Plastics, Inc.; Big Black Sacks; Novolex Holdings LLC; Terdex Gmbh; Plasta Group; Mcpherson's Limited.; Pack-It B.V.; Top.Z (Hk) Limited; Meadows; Novplasta Cz, S.R.O; Primax D.O.O.; Tuopu Group (Miaojie); Bengbu Shangdao Ikea Daily Necessities Technology Industrial Co., Ltd.(Sodolike); Rkw Group; Thantawan Industry Plc.
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Global Garbage Bag Market Segmentation
The global trash bags market is poised to witness significant growth, with the market valuation expected to increase from USD 9,681.0 million in 2024 to USD 14,602.3 million by 2034, exhibiting a compound annual growth rate ( CAGR) of 4.2% during the forecast period. This follows an annual growth of 3.3% in 2023, bringing the market size to USD 9,382.6 million.
The global garbage bags market is witnessing sustained growth, driven by increasing urbanization, increasing environmental awareness and increasing waste generation. Demand for trash bags is expected to increase as cities expand and adopt stricter waste management policies. The main consumers are households, commercial establishments and industries, with a growing preference for durable, waterproof and odor-resistant bags.
Future market trends include a shift towards sustainable and biodegradable trash bags, with governments and consumers pushing for eco-friendly alternatives. The adoption of compostable bags made from materials such as corn starch or plant-based polymers is accelerating, spurred by the ban on single-use plastics in various regions. Additionally, recyclable plastic bags and reusable waste disposal systems are gaining ground.
Market innovations aim to improve the functionality and environmental friendliness of bags. Manufacturers are developing multi-layer bags that are more durable, less odorous and less prone to tears. Smart trash bags equipped with sensors that monitor fill levels and notify users via apps are an emerging trend, particularly in smart city initiatives.
Additionally, companies are focusing on local production to reduce supply chain emissions and integrating recycled materials into manufacturing processes, contributing to a circular economy. The trash bag market is poised for continued growth, fueled by innovation and sustainability trends.
Key Takeaways from the Global Garbage Bags Market
The high demand for trash bags is due to several factors, including:
PE trash bags are market leaders
Polyethylene (PE) trash bags are particularly popular because of their strength and tear resistance. By 2034, PE trash bags, made primarily from LDPE and LLDPE, are expected to hold a market share of 71.7%. The demand for HDPE trash bags is also expected to increase, especially among middle-income consumers, due to their affordability and durability.
The market is seeing a shift towards sustainable alternatives such as biodegradable, compostable and plant-based trash bags. Environmentally conscious consumers are increasingly opting for products like Plastno compostable trash bags, made from renewable, plant-based materials. These bags are non-toxic, durable and fully compostable, promoting sustainability without sacrificing quality.
North America is leading the way with certifications like the Biodegradable Products Institute (BPI) emblem, ensuring compliance with strict ASTM standards for biodegradable products.
The main trends shaping the future
The global trash bag market is changing, driven by increasing urbanization, growing hygiene awareness and demand for sustainable solutions. Innovations in eco-friendly materials, premium designs and plant-based options are reshaping the sector, ensuring robust growth through 2034, says Ismail Sutaria, Senior Packaging Consultant at Future Market Insights (IMF).
Consumer preferences are shifting toward eco-friendly, premium waste disposal solutions, and manufacturers are focusing on innovation and sustainability. The growing trend of biodegradable and compostable trash bags is paving the way for a greener future in waste management.
With increasing investments in research and development, the trash bag industry is poised for a period of significant transformation, providing ample growth opportunities for market players.
Français La société Clorox ; Reynolds Consumer Products Inc. ; Poly-America, LP ; Berry Global Inc. ; Dagöplast AS ; International Plastics, Inc. ; Big Black Sacks ; Novolex Holdings LLC ; Terdex Gmbh ; Plasta Group ; Mcpherson's Limited. ; Pack-It BV ; Top.Z (Hk) Limited ; Meadows ; Novplasta Cz, SRO ; Primax DOO ; Tuopu Group (Miaojie) ; Bengbu Shangdao Ikea Daily Necessities Technology Industrial Co., Ltd. (Sodolike) ; Rkw Group ; Thantawan Industry Plc.
Global Trash Bag Market Segmentation
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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