PUBLISHER: Grand View Research | PRODUCT CODE: 1530083
PUBLISHER: Grand View Research | PRODUCT CODE: 1530083
Trash Bags Market Size & Trends
The global trash bags market size was estimated at USD 12.04 billion in 2023 and is expected to grow at a CAGR of 6.1% from 2024 to 2030. The market is experiencing a significant shift toward sustainable and biodegradable materials, driven by increasing environmental awareness, stringent regulations, and consumer demand for eco-friendly solutions. Growing awareness of plastic pollution and its detrimental effects on ecosystems has led to stricter regulations and policies globally. Governments and organizations are implementing bans on single-use plastics and promoting biodegradable alternatives.
For instance, the European Union's Single-Use Plastics Directive aims to reduce plastic waste and encourages the use of biodegradable materials in products like trash bags. There's a marked shift in consumer behavior, with a preference for products that are sustainable and have a lower environmental impact. This shift is encouraging manufacturers to develop and launch biodegradable and compostable trash bags. For example, brands like BioBag and EcoSafe have introduced trash bags made from plant-based materials that break down more easily compared to traditional plastics.
Advances in material science are enabling the development of new biodegradable materials that are cost-effective and perform as well as their non-biodegradable counterparts. Companies are investing in R&D to create innovative products. For instance, BASF has developed ecoflex, a fully biodegradable polyester used in compostable bags. The market is seeing new entrants and product launches focused on biodegradable trash bags. Companies like TIPA and Novamont have introduced new products that cater to both consumer and commercial segments, expanding their market reach and tapping into the growing demand for eco-friendly waste management solutions.
Global Trash Bags Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the trash bags market report on the basis of material, type, size, distribution channel, end-use, and region:
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
UAE
South Africa