Compostable Biodegradable Refuse Bags Market

Compostable & Biodegradable Refuse Bags Market: Institutional End Use Segment Projected to Lead in Terms of Value During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-07-25
  • REP-GB-7082
  • 226 pages
  • PDF PPT EXCEL
 Compostable Biodegradable Refuse Bags Market

An Incisive, In-depth Analysis on the Compostable Biodegradable Refuse Bags Market

This study offers a comprehensive, 360 degree analysis on the Compostable Biodegradable Refuse Bags market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Compostable Biodegradable Refuse Bags market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Compostable & Biodegradable Refuse Bags Market Analysis: Over 35% of the Compostable & Biodegradable Refuse Bags demand to be  generated by the industrial end use segment, which is expected to increase further by the end of 2028 

The global market for compostable & biodegradable refuse bags was valued at US$ 200.4 million in 2017. The market is forecast to expand at a CAGR of 8.0% during the forecast period, 2018-2028.

Compostable and biodegradable are terms used to designate organic materials breaking down in a specific environmental condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable and biodegradable refuse bags are made up of organic material, which are obtained from plants. Such plant based materials which are used to make compostable and biodegradable refuse bags are starch blends (corn, potato and others), polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment. The compostable & biodegradable refuse market is segmented on the basis of product type, material type, capacity, thickness and end use. On the basis of material type, the market has been segmented as PLA, PBS, PBAT, PHA, starch blends, cellophane, and paper. On the basis of end use, the market has been segmented as retail & consumers, industrial and institutional.

Industrial end use segment of the global compostable & biodegradable refuse bags market was valued at US$ 77.8 million in 2017 and is expected to expand at a CAGR of 7.8% over the forecast period 2018-2028. On the basis of product type, biodegradable segment is expected to create incremental $ opportunity of US$ 99.7 Mn, during the forecast period. The compostable segment is valued at US$ 129.6 Mn in 2017 and is expected to reach US$ 295.1 Mn, by the end of the forecast period. On the basis of capacity type, above 1.5 mil is anticipated to register a CAGR of 8.0%, during the forecast period.

Drivers & Restraints

Biodegradable and compostable refuse bags are produced using materials such as, corn starch, allowing the bags to completely decompose after a period of time. It is said that most of the biodegradable refuse sacks decompose in three to five years, although many bags completely decompose in lesser time.

In Europe, people are inclining towards the use of biodegradable products rather than using plastic counterparts.  According to a survey, the growing plastic waste and their impact on environment and human health, are among the biggest environmental concerns of Europeans. The EU commission has formed a Plastic Strategy that will make it easier for citizens to separate, identify, reuse and recycle plastic materials and reduce its use. The Commission encourages measures to expand and promote alternatives to plastic products, such as the use of biodegradable and compostable materials.

On the basis of end use, the global market for compostable & biodegradable refuse bags market is segmented into industrial, institutional and retail and consumer. The industrial is expected to create incremental $ opportunity of US$ 99.3 Mn, during the end of the forecast period. The institutional segment is expected to create incremental $ opportunity of US$ 68.6 Mn, during the forecast period and is anticipated to register a CAGR of 8.3%, during the forecast period. The retail & consumer segment is expected to create incremental $ opportunity of US$ 97.3 Mn, by the end of the forecast period and is anticipated to register a CAGR of 8.1%, during the end of the forecast period.

Competitive Landscape

Key players operating in the global market for Compostable & Biodegradable Refuse Bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL, among others.

In this report, Future Market Insights (FMI) offers a 10-year forecast of the global compostable & biodegradable refuse bags market between 2018 and 2028. In terms of value, the global compostable & biodegradable refuse bags market is expected to expand at a CAGR of 8.0% during the forecast period. The study reveals compostable & biodegradable refuse bags dynamics in seven geographic segments along with market analysis for current market environment and future scenario over the forecast period of the global compostable & biodegradable refuse bags market.

Report Description

This Future Market Insights report studies the global compostable & biodegradable refuse bags market for the period 2018–2028. The prime objective of this report ( global compostable & biodegradable refuse bags market) is to offer insights and key market trends pertaining to the global compostable & biodegradable refuse bags market that are gradually helping transform global businesses.

The global compostable & biodegradable refuse bags market report begins with the executive summary for various categories and their share in the compostable & biodegradable refuse bags market. It is followed by market dynamics and overview of the global compostable & biodegradable refuse bags market, which includes FMI analysis of market drivers, restraints, and trends that are affecting growth of the compostable & biodegradable refuse bags market. Furthermore, to understand the popularity of the compostable & biodegradable refuse bags market segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the compostable & biodegradable refuse bags market in each country and region, BPS and Y-o-Y growth analysis is provided.

The global market for compostable & biodegradable refuse bags is further segmented as per capacity, product type, material type, thickness, and end use. On the basis of capacity type, global market for compostable & biodegradable refuse bags is segmented into 7-20 gallons, 20-30 gallons, 30-40 gallons, 40-55 gallons and above 55 gallons. On the basis of product type, global market for compostable & biodegradable refuse bags is segmented into biodegradable and compostable. On the basis of material type, global market for compostable & biodegradable refuse bags is segmented into PLA, PBS, PBAT, PHA, starch blends, cellophane and paper. On the basis of thickness, the global market for compostable & biodegradable refuse bags is segmented into 0-0.7 mil, 0.7-0.9 mil, 0.9-1.5 mil, above 1.5 mil. On the basis of end use, the global market for compostable & biodegradable refuse bags is segmented into retail and consumer, industrial and institutional.

The next section of the report highlights the compostable & biodegradable refuse bags market, by region, and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional compostable & biodegradable refuse bags market. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, the Middle East & Africa (MEA) and Japan. The report (global compostable & biodegradable refuse bags market) evaluates the present scenario and growth prospects of the regional compostable & biodegradable refuse bags market for 2018–2028.

To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the compostable & biodegradable refuse bags market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the compostable & biodegradable refuse bags market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the compostable & biodegradable refuse bags market and identify the right opportunities across the market.

The market segment for global compostable & biodegradable refuse bags market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the compostable & biodegradable refuse bags market. Another key feature of global compostable & biodegradable refuse bags market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the compostable & biodegradable refuse bags market. The overall absolute dollar opportunity along with the segmental split is mentioned in global compostable & biodegradable refuse bags market.

To understand key growth segments in terms of growth and adoption for compostable & biodegradable refuse bags. Globally, Future Market Insights developed the compostable & biodegradable refuse bags market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

In the final section of the report on compostable and biodegradable refuse bags, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution in total compostable & biodegradable refuse bags market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the compostable & biodegradable refuse bags marketplace.

Detailed profiles of companies are also included in global compostable & biodegradable refuse bags market is to evaluate their strategies, key product offerings and recent developments. Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.

Key Segments Covered in Global Compostable & Biodegradable Refuse Bags Market is:

By Capacity

  • 7-20 Gallons compostable & biodegradable refuse bags

  • 20-30 Gallons compostable & biodegradable refuse bags

  • 30-40 Gallons compostable & biodegradable refuse bags

  • 40-55 Gallons compostable & biodegradable refuse bags

  • Above 55 Gallons compostable & biodegradable refuse bags

By Product Type

  • Biodegradable

  • Compostable

By Material Type

  • PLA

  • PBS

  • PBAT

  • PHA

  • Starch Blends

  • Cellophane

  • Paper

By Thickness

  • 0-0.7 mil

  • 7-0.9 mil

  • 9-1.5 mil

  • Above 1.5 mil

By End Use

  • Retail & Consumer

  • Industrial

  • Institutional

Regional analysis is presented for global compostable & biodegradable refuse bags segments:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Western Europe

    • Germany

    • Spain

    • Italy

    • U.K.

    • France

    • Nordic

    • Benelux

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

    • China

    • India

    • ASEAN

    • Australia and New Zealand

    • Rest of APAC

  • Middle East and Africa (MEA)

    • GCC

    • North Africa

    • South Africa

    • Rest of MEA

  • Japan

Compostable Biodegradable Refuse Bags Market Reports - Table of Contents

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