Market Trends of Trash Bags Industry
The Residential Segment is Expected to Witness Significant Demand
- Trash bags play a crucial role in managing daily waste and upholding cleanliness in households. Whether homeowners or renters, individuals depend on diverse sizes and types of trash bags to handle everything from kitchen scraps to yard debris.
- As the emphasis on proper waste disposal, segregation, and sustainability grows, so does the demand for household garbage bags. These bags play a crucial role in managing waste effectively. Top garbage bag manufacturers are focusing on creating innovative products, including compostable bags made from sustainable, eco-friendly materials.
- In developed countries and highly urbanized regions, the residential industry is driving a notable demand for trash bags. However, cities and states worldwide are increasingly adopting zero-waste policies. For example, 11 states in the United States have enacted bans on single-use plastic bags, with additional cities contemplating similar restrictions on other single-use food ware and packaging. As a result, the trash bags market is shifting its focus toward compostable options.
- In several first-world nations, such as the United States, Canada, Japan, and Germany, garbage bags are viewed as a commodity rather than a luxury. As urbanization continues to grow in these countries, the demand for garbage bags is poised to increase consistently.
- According to the report published by the Population Reference Bureau, North America has the largest share of urbanized population, 83%, followed by Latin America with 82% and Europe and Oceania with 75% and 68%, respectively. Therefore, the higher the economic standards and urbanization rate, the more trash bags are consumed in those specified regions.
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North America is Expected to Hold the Largest Market Share
- North America is one of the most significant trash bag markets owing to its highest rate of urbanization coupled with the general awareness of effective waste management and product protection. Moreover, the increasing initiatives by the government and regulatory bodies to promote the usage of trash bags are expected to boost the adoption of trash bags in the region over the forecast period.
- As the US population grows, there is a noticeable shift from single-family homes to multi-family residences. These multi-family homes, known as duplexes, triplexes, and quadplexes, derive their names from the number of units they encompass. Consequently, investments in constructing these multi-family living spaces have surged. According to FMI Corporation, the expenditure on such constructions rose from USD 80.40 billion in 2017 to USD 119.27 billion in 2023.
- Increasing demand for easily disposable and eco-friendly garbage bags and awareness regarding environmentally sustainable products are expected to drive market growth. Additionally, growing awareness regarding hygiene and cleanliness among people mainly fuels the demand for such products.
- Furthermore, food purchases in the United States and Canada often reflect impulsive tendencies. According to the US Environmental Protection Agency, the average American household generates approximately 19.36 metric tons of food waste annually, ranking among the highest globally. Consequently, this significant waste generation drives a robust demand for trash bags.
- The US Environmental Protection Agency regulates household and industrial waste materials to protect them from the hazards of waste disposal. It also seeks to conserve energy and natural resources, reduce and eliminate waste, and clean up improperly disposed waste. This is likely to promote the growth of the trash bags market.
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