PUBLISHER: Grand View Research | PRODUCT CODE: 1574903
PUBLISHER: Grand View Research | PRODUCT CODE: 1574903
The global compostable & biodegradable refuse bags market size was estimated at USD 374.01 million in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030. The market is driven by a combination of environmental concerns, regulatory frameworks, consumer preferences, and advancements in material science.
One key factor is the growing global awareness of environmental sustainability, with consumers and businesses increasingly seeking alternatives to conventional plastic bags. Traditional plastic refuse bags contribute significantly to pollution, as they take hundreds of years to decompose. In contrast, compostable and biodegradable refuse bags are designed to break down naturally within a much shorter time frame, reducing environmental impact. This shift is evident in regions such as Europe and North America, where bans or taxes on single-use plastics have accelerated the adoption of eco-friendly alternatives.
The regulatory push from governments and international organizations is positively influencing the market growth. Many governments have introduced legislation that promotes the use of compostable and biodegradable refuse bags. The European Union's Single-Use Plastics Directive is an example of a regulatory initiative that has propelled the demand for biodegradable alternatives. Similarly, in the U.S., certain states, such as California and New York, have passed laws banning or limiting the use of single-use plastic bags, encouraging the shift towards biodegradable refuse bags.
Consumer behavior and preferences also play a significant role in driving this market. As people become more environmentally conscious, there is a growing preference for sustainable products, including biodegradable refuse bags. Many consumers are willing to pay a premium for products that align with their values of environmental responsibility. Major retailers and brands have responded to this demand by offering eco-friendly bag options. For example, companies such as BioBag and EcoSafe provide a range of compostable bags that cater to both individual consumers and businesses, further accelerating the adoption of such products.
Global Compostable & Biodegradable Refuse Bags Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global compostable & biodegradable refuse bags market report based on the material, capacity, application, and region: