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The trash bags market size is forecast to increase by USD 2.31 billion at a CAGR of 4.83% between 2023 and 2028.
The trash bags industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The residential segment is estimated to witness significant growth during the forecast period.
The market for trash bags is experiencing significant growth due to the increasing generation of waste, particularly in residential areas. The rise of urban living and the convenience of ready-made food and beverages have contributed to this trend. Trash bags offer a hygienic and convenient solution for waste disposal in homes, reducing odors and minimizing the risk of spillage or leakage. Consumers' improving living standards and disposable incomes enable them to afford these disposable products as part of their everyday waste management practices. In the manufacturing industry, the product lifecycle of trash bags includes the use of various materials such as recycled plastic, plant-based materials, and biodegradable or compostable options.
Sustainable packaging, carbon offsetting, and waste reduction are becoming increasingly important considerations in the production process. Ethical production and responsible sourcing are also key concerns for both manufacturers and consumers. The retail industry plays a significant role in the distribution of trash bags, with online retailers and subscription services offering convenience and accessibility. Recycling programs and green certifications have become essential for brand loyalty, and waste awareness is a growing concern for consumers. The food service industry and hospitality sector also utilize heavy-duty, industrial-strength trash bags for waste collection. The manufacturing of trash bags involves various waste streams, including commercial waste and construction waste, which can be diverted from landfills through recycling and material recovery facilities.
The circular economy and waste minimization are important concepts in the industry, with a focus on reducing waste and promoting environmental sustainability. The product innovation in trash bags includes advancements in packaging efficiency, liners with different thicknesses, and specialized bags for specific applications, such as kitchen trash bags, hospital waste bags, and food waste bags. The market for trash bags is expected to continue growing as waste generation increases and consumers demand more sustainable and responsible waste management solutions.
The Residential segment was valued at USD 3.56 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is driven by various factors, including the increasing preference for bulk purchasing, recycling rates, and waste minimization. The manufacturing industry utilizes heavy-duty and industrial waste bags, while the retail industry relies on various sizes for kitchen trash bags, office trash bags, and commercial waste liners. The food service industry requires odor control and large gallon capacity bags for food waste and hospitality industry waste. The product lifecycle of trash bags includes raw material sourcing, manufacturing, packaging design, and waste disposal. Responsible sourcing of plant-based materials and recycled plastic is essential for reducing the industry's carbon footprint and promoting environmental sustainability.
The circular economy concept is gaining traction, leading to the production of compostable and biodegradable bags, which can divert waste from landfills and promote waste reduction. Price sensitivity is a critical factor in consumer behavior, with online retailers offering competitive pricing and subscription services for regular deliveries. Green certifications and waste awareness campaigns are also influencing consumer choices. Waste audits and recycling programs are essential for waste management and landfill diversion. The manufacturing industry is focusing on product innovation, ethical production, and sustainable packaging to meet the evolving market demands. Material recovery facilities and waste collection systems are crucial for efficient material recovery and minimizing waste.
Carbon offsetting and waste reduction initiatives are also gaining popularity to promote environmental consciousness. In conclusion, the market is evolving with a focus on product innovation, smart waste minimization, and environmental sustainability. The market dynamics are influenced by various factors, including consumer behavior, industry trends, and government regulations. The market is expected to continue growing, driven by the increasing demand for eco-friendly and cost-effective waste management solutions.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Global Trash Bags Market grows with biodegradable trash bags for households and heavy-duty trash bags for commercial use. Trash bags market trends highlight compostable trash bags for sustainability and scented trash bags for odor control. Trash bags for municipal waste and trash bags for industrial waste drive demand, per trash bags market forecast. Recyclable trash bags for environment leverage trash bags with drawstring closure, while trash bags for medical waste ensure safety. Trash bags for retail packaging and trash bags for food waste enhance convenience. Trash bags for construction debris, eco-friendly trash bag production, and trash bags for public facilities optimize usage. Trash bags for waste management, advanced trash bag materials, trash bags supply chain, trash bags for regulatory compliance, trash bags for urban areas, and trash bags for global markets fuel growth through 2028.
The trash bags market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the trash bags market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, trash bags market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Glad Products - The company specializes in providing a range of trash management solutions, including bulk bags, pallet covers, and scented trash bags. These offerings cater to various industries and applications, enhancing waste containment and disposal processes. Bulk bags offer increased capacity for large-scale waste disposal, while pallet covers ensure protection during transportation. Scented trash bags provide an additional layer of odor control, maintaining cleanliness and hygiene. Our solutions prioritize functionality, durability, and sustainability, aligning with industry best practices.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the dynamic trash bag market, regulatory compliance plays a significant role in shaping industry trends. Packaging regulations, such as those mandating product traceability and waste sorting, drive demand for bags with specific features, including custom printing, color coding, and biodegradable plastics. Consumers increasingly prioritize eco-friendly alternatives, leading to the popularity of bamboo and hemp bags, as well as paper bags with renewable energy sourced liners. Manufacturers respond by investing in research and development, exploring biodegradable plastics, bio-based materials, and closed loop systems.
Thinner film thickness and perforation patterns aim to reduce greenhouse gas emissions, while social responsibility and anti-bacterial additives address health concerns. The market also embraces automated bagging systems and the integration of composting and anaerobic digestion technologies. Biopolymer research and supply chain transparency further fuel innovation and sustainability in the trash bag industry.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Trash Bags Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
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Market growth 2024-2028 |
USD 2310.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.37 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Market Segmentation by Product Types
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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