The global refuse bags market size is expected to increase at a compound annual growth rate (CAGR) of 6.8% between 2023 and 2033. According to projections, the market value will rise from US$ 2.7 billion in 2023 to US$ 5.1 billion in 2033. In 2022, the trash bag market was estimated to be worth US$2.5 billion worldwide.
The Refuse Bags Market is experiencing a surge in demand propelled by growing environmental awareness. Consumers are increasingly prioritizing sustainable choices, leading to a heightened demand for refuse bags made from biodegradable and recycled materials. These eco-friendly alternatives offer a solution to the pressing issue of plastic pollution and align with efforts to reduce environmental impact.
As awareness of the importance of sustainable packaging continues to spread, the market for biodegradable and recycled refuse bags is expected to witness sustained growth, reflecting a shift towards more environmentally conscious consumer behavior.
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Rising demand for industrial goods also necessitates the use of refuse bags for garbage disposal as well as for storage purposes.
Refuse bags are also used for the storage and transportation of completed goods in the textile and garment industry. Besides growing demand from end-use industries, the refuse bags market is supported by various initiatives taken by governments across the globe. For instance, the Indian government’s “Swachh Bharat Abhiyan” and the “Clean India Campaign” will supplement the growth of the refuse bags market. With plastic garbage bags adversely affecting the environment owing to their non-biodegradable property, the sales of refuse bags will likely surge over the next couple of years. All of these considerations will fuel the growth of the refuse bags market.
Key Takeaways:
- Rising demand for plant-based refuse bag materials, such as cornstarch, will bolster the prospects of the refuse bags market.
- The growing awareness of hygiene and its importance will strengthen market prospects.
- Owing to a higher standard of living, North America will dominate the global refuse bags market during the forecast period.
- An increasing number of hotels in GCC countries will propel the refuse bags market forward in the MEA region.
Competitive Landscape
NOVPLASTA, s.r.o, DAGOPLAST AS, Terdex GmbH, Mirpack ™, Berry Plastic Corporation, and The Clorox Company, among others, are some of the key players in the refuse bags market profiled in the full version of the report.
Prominent market players are keen on product development and innovation. These businesses offer various services, engage in community projects, employ facility expansion tactics, and other strategies to gain a competitive advantage. For instance, in 2018, Berry Global Inc. purchased Laddawn, Inc. (US) for a preliminary cost of US$ 242 million.
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Key Segments
By Material Type:
- High Density Polyethylene (HDPE)
- Low Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- Polypropylene (PP)
- Others
By Capacity:
- Up to 10 gallons
- 11-25 gallons
- 26-40 gallons
- 41-55 gallons
- Above 55 gallons
By End User:
- Retail & Consumer
- Institutional
- Industrial
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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