PUBLISHER: The Business Research Company | PRODUCT CODE: 1539813
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539813
A trash bag is a disposable container typically made from plastic or other materials, designed to hold and transport waste materials such as garbage or trash for proper disposal. These bags are essential for maintaining cleanliness in homes, offices, and public spaces.
There are several types of trash bags available, including drawstring trash bags, flat trash bags, zipper bags, star-sealed trash bags, t-shirt trash bags, flat star-sealed trash bags, and others. Drawstring trash bags feature a closure with drawstrings, enabling users to lift and tie the bag without directly contacting the waste, which helps maintain hygiene and reduce exposure to odors. These bags are made from materials such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), biodegradable polyethylene, among others, and come in various capacities ranging from 10-25 kg to over 150 kg. They serve diverse end users including industries, corporate offices, hospitals, residential areas, institutions, laboratories, and more.
The trash bags market research report is one of a series of new reports from The Business Research Company that provides trash bags market statistics, including trash bags industry global market size, regional shares, competitors with a trash bags market share, detailed trash bags market segments, market trends and opportunities, and any further data you may need to thrive in the trash bags industry. This trash bags market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The trash bags market size has grown strongly in recent years. It will grow from $10.96 billion in 2023 to $11.64 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historic period can be attributed to several factors, including the rapid expansion of urban areas, growth in the global population, increasing industrial activities, heightened awareness of environmental issues, and the necessity for effective waste management practices in commercial establishments.
The trash bags market size is expected to see strong growth in the next few years. It will grow to $14.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. In the forecast period, growth can be attributed to stricter environmental regulations and policies, increasing consumer awareness, expansion of retail and e-commerce channels, heightened focus on recycling initiatives, and rising demand for biodegradable products. Major trends anticipated in this period include advancements in materials science, the development of stronger and more durable trash bags, innovation in trash bags made from bioplastics, the introduction of water-soluble trash bags, and the incorporation of antimicrobial agents into trash bag materials.
The trash bags market is poised for growth driven by the increasing prominence of e-commerce and home delivery services. These trends are fueled by rising consumer demand for convenience, expanded product availability, and the efficiency offered by digital shopping platforms. Trash bags play a crucial role in managing packaging waste and ensuring cleanliness during the storage and disposal of shipping materials in these sectors. For example, the United States Census Bureau reported a 2.1 percent increase in U.S. retail e-commerce sales for the first quarter of 2024 compared to the previous quarter, highlighting the significant impact of e-commerce on market dynamics.
Leading companies in the trash bags market are focusing on innovation, particularly in the development of heavy-duty trash bags capable of containing and transporting large volumes of waste and materials. These bags are typically crafted from durable materials such as high-density polyethylene (HDPE), designed to withstand heavier loads and resist punctures or tears. For instance, Revolution Sustainable Solutions, LLC recently launched DailyGood Bags in April 2024. These heavy-duty trash bags are made from up to 97% post-consumer recycled (PCR) plastic, emphasizing environmental sustainability while meeting everyday household needs. Available in various sizes and pack configurations online, they underscore a commitment to eco-friendly practices through recycled materials.
In April 2022, Apollo Global Management Inc. acquired Novolex Holdings LLC, a prominent manufacturer of trash bags, positioning both firms to advance sustainability and innovation within the packaging industry. This acquisition underscores a shared dedication to offering customers diverse choices and advancing the circular economy through sustainable packaging solutions.
Major companies operating in the trash bags market are Berry Global Inc., The Clorox Company, Reynolds Consumer Products, Novolex Co., RKW Group, Cosmoplast, Inteplast Group, Mapco (Pvt) Ltd., Poly-America L.P., Glad Products Company, Heritage Bag Co., Aluf Plastics, Thantawan Industry Public Company Limited, Polykar Industries Inc., Plasta AB, International Plastics Inc., Universal Plastic Bag Manufacturing Co., Alpha Omega Plastic Manufacturing L.L.C., BioBag International AS, NOVPLASTA CZ Ltd., OX Plastics, TERDEX GmbH, Voussert SAS
North America was the largest region in the trash bags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the trash bags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the trash bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The trash bags market consists of sales of trash can liners, heavy-duty trash bags, colored trash bags, and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Trash Bags Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on trash bags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for trash bags ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The trash bags market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.