Market Size of Trash Bags Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 14.22 Billion |
Market Size (2029) | USD 20.46 Billion |
CAGR (2024 - 2029) | 7.55 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Trash Bags Market Analysis
The Trash Bags Market size is estimated at USD 14.22 billion in 2024, and is expected to reach USD 20.46 billion by 2029, growing at a CAGR of 7.55% during the forecast period (2024-2029).
Trash bags typically made of polyethylene are tough and light and hold garbage securely without leakage or spillover, thereby finding their adoption across various end users such as retail, institutional, and industrial.
People are increasingly focusing on hygiene and the cleanliness of the surrounding environment, which could boost the adoption of trash bags over the forecast period. Stringent health and safety regulations mandate proper waste collection and disposal in industries like healthcare and foodservices. Consequently, there is a rising demand for specialized garbage bags that meet these regulatory standards.
Globally, the key drivers of market revenue growth include a rising global population, rapid urbanization, and a consequent surge in waste generation. Additionally, a heightened awareness of public hygiene and sanitation, evolving consumer lifestyles, and growing adoption in both households and commercial spaces have further fueled the demand for trash bags.
Consumer awareness of environment-friendly products is increasing with the rise in environmental concerns. Thus, the demand for oxo-biodegradable bags is expected to be fueled by customer preference for eco-friendly, clean alternatives to traditional synthetic items. Continuous growth in the food, beverage, and pharmaceutical industries also contributes to increased demand for oxo-biodegradable bags around the globe.
In July 2024, the National Environment Management Authority (NEMA) mandated an immediate shift to biodegradable garbage bags for collecting organic waste in the United States.
Manufacturers may face challenges due to regulations that ban or limit plastic use in the future. Plastic bags start out as fossil fuels and end up as deadly waste in landfills and the ocean. To combat this scenario, several federal governments across the globe, including countries like India, China, and the United States, are implementing strict regulations against the use of single-use plastic. These factors may hinder market growth.
Overall, the trash bags market is poised for a bright future, brimming with growth and innovative opportunities. Market leaders are expected to be companies that prioritize eco-friendly products, harness technology for enhanced features, and broaden their global distribution networks.
For instance, GreenBio launched biodegradable trash bags, an alternative to single-use plastic. These factors are expected to bolster the demand for trash bags in the upcoming years.
Trash Bags Industry Segmentation
A trash bag is a disposable bag used to contain waste. The study tracks the market through the revenue accrued by the consumption of trash bags offered by various vendors operating in the market. It also analyzes the current trade scenario and the major manufacturing countries.
The trash bags market is segmented by end user (residential, institutional, industrial, and commercial) and geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, Spain, and Rest of Europe], Asia-Pacific [China, India, Japan, Australia and New Zealand, and Rest of Asia-Pacific], Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By End-user Industries | |
Residential | |
Institutional | |
Industrial and Commercial |
Geography*** | ||||||
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Latin America | ||||||
Middle East and Africa |
Trash Bags Market Size Summary
The trash bags market is poised for significant growth over the forecast period, driven by increasing urbanization and a heightened focus on hygiene and environmental cleanliness. As waste generation continues to rise, the demand for durable and reliable trash bags, typically made from polyethylene, is expected to expand across various sectors, including retail, institutional, and industrial. The market is also witnessing a shift towards eco-friendly alternatives, such as oxo-biodegradable bags, as consumer awareness of environmental issues grows. This shift is further supported by the continuous expansion of industries like food, beverage, and pharmaceuticals, which contribute to the rising demand for sustainable waste management solutions.
Regulatory measures aimed at reducing plastic waste are influencing the market dynamics, with bans on single-use plastics prompting manufacturers to innovate biodegradable or recyclable options. These regulatory actions, coupled with increasing housing developments and urbanization, are expected to bolster the market's growth. The competitive landscape is characterized by the presence of key players engaging in strategic partnerships and product developments to meet the evolving consumer preferences. Despite challenges such as fluctuating raw material prices and supply chain disruptions, the market is set to benefit from the growing emphasis on waste management and sustainability initiatives globally.
Trash Bags Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Robust Demand For Seamless Waste Management Backed By Rising Urbanized Population
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1.2.2 Growing Awareness for Health and Hygiene
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1.3 Market Restraints
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1.3.1 Stringent Regulations and Bans on the Use of Single-use Plastics
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End-user Industries
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2.1.1 Residential
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2.1.2 Institutional
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2.1.3 Industrial and Commercial
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2.2 Geography***
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 United Kingdom
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2.2.2.2 Germany
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2.2.2.3 France
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2.2.2.4 Spain
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2.2.3 Asia
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2.2.3.1 India
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2.2.3.2 China
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2.2.3.3 Japan
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2.2.3.4 Australia and New Zealand
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Trash Bags Market Size FAQs
How big is the Trash Bags Market?
The Trash Bags Market size is expected to reach USD 14.22 billion in 2024 and grow at a CAGR of 7.55% to reach USD 20.46 billion by 2029.
What is the current Trash Bags Market size?
In 2024, the Trash Bags Market size is expected to reach USD 14.22 billion.