Refuse Bags Market

Refuse Bags Market

The refuse bags market is likely to record a CAGR of 6.8% during the forecast period, up from US$ 2.49 Bn in 2022 to reach a valuation of US$ 4.81 Bn by 2032.

The refuse bags market is anticipated to show promising growth prospects during the forecast period.

Sales of refuse bags are expected to rise as a result of increased environmental restrictions for garbage bag disposal, as well as increased consumer and lawmaker concerns about environmental issues, which is driving demand for refuse bags or eco-friendly/ green plastic garbage bags.

Furthermore, rising disposable income and consumer purchasing power have driven demand for refuse bags for waste collection, propelling refuse bags market growth. Furthermore, the refuse bags market share is expected to grow due to an increase in sales of refuse bags due to their stretchy strength and odour control features. 

The demand for refuse bags is projected to rise as people become aware of the importance of hygiene. They utilize more trash bags. The refuse bags market growth is driven by rising disposable income in a developed economy, resulting in a high living standard. The sales of refuse bags are being driven by the growing demand for biodegradable and recyclable plastic trash bags in various regions. 

Plant-based materials, such as cornstarch, are also used to make refuse bags, which further boosts the demand for refuse bags. There is no polyethylene in refuse bags, and it is compostable and biodegradable. It degrades in 45-60 days after being broken down. As a result, these qualities entice customers to choose eco-friendly trash bags over traditional plastic, which is a major factor boosting the sales of refuse bags during the forecast period.

What are the Key Drivers of the Refuse Bags Market Share

As the number of restaurants and hotels grows, so does the amount of waste they produce, boosting the demand for refuse bags. Refuse bags come in a variety of colours, including red, yellow, green, blue, and black. The most often used garbage storage bags are black refuse bags. The sales of refuse bags are growing as they are increasingly used in hospitals and clinics to distinguish the sort of garbage collected. 

The government has established a colour code for hospital waste disposables in order to ensure hospital sanitation. The demand for refuse bags is growing as HDPE trash bags are used in the manufacturing industry for industrial applications and bulk storage of items. Manufacturers of trash bags offer a wide selection of bags based on the application to increase the sales of refuse bags.

Heavy-duty garbage bags and regular-use refuse bags are the most prevalent types of bags utilized. The demand for refuse bags is fueled by end-users in retail and industry. Customers' demand for industrial goods has increased, necessitating the use of reject bags for garbage and other items storage. It is used for completed goods storage and transportation in the textile and garment industries. The sales of refuse bags are predicted to rise in the forecast year due to an increase in the number of corporate hospitals.

This is due to the government's increased sanitary standards for biological waste disposal. Government initiatives like the "Swachh Bharat Abhiyan" and the "Clean India Campaign" are predicted to increase demand for refuse bags in India and other countries that implement similar policies.

Excessive use of garbage bags, on the other hand, may result in environmental problems such as landfills. Plastic garbage bags are difficult to break down. Thus they are burned. As a result, it emits a lot of toxic gases that are bad for the environment, and the amount of pollutants in the air is increased. Sales of refuse bags increase as a result of the single-use plastic ban.

Ismail Sutaria

Principal Consultant

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Which Region holds the Highest Growth Potential in the Refuse Bags Market

North America is likely to dominate the global refuse bags market due to the standard of living and the way of life. During the anticipated period, Asia Pacific is expected to see a good market outlook on refuse bags due to an increase in the use of trash bags for garbage disposal and a recent initiative in India. 

The MEA is also predicted to see a good rise in refuse bags market share as the number of hotels in GCC countries grows, resulting in the excretion of a large amount of organic waste. As a result, during the projection period, MEA's demand for refuse bags is expected to rise.

How is the Competitive Landscape in the Refuse Bags Market

Some of the leading players operating in the global refuse bags market are Berry Plastic Corporation, The Clorox Company, The Glad Product Company, Four Star Plastics, Mirpack TM, Primax d.o.o, International Plastics, Inc., NOVPLASTA, s.r.o, DAGOPLAST AS, Terdex GmbH.

Key Development

• In June, 2016, Glad offered free trash bags through bag bank to help individual consumers with their own community service projects.
• Berry Global Inc. purchased Laddawn, Inc. (US) for a preliminary cost of USD 242 million in August 2018. Berry Global Inc.'s Engineered Materials segment includes the acquired company. The company was able to strengthen its position in the custom-made trash bag industry as a result of the acquisition.
• Shields Bag and Printing Co. (US), a provider of custom developed flexible packaging goods, sold certain assets and business activities to Novolex in December 2017. Novolex was able to improve its position in the institutional and industrial categories as a result of the acquisition.
• The Clorox Company established a new production facility in Atlanta in November 2017. (US). This new factory, dubbed Atlanta West, spans 258,000 square feet and is dedicated to the production of household goods.

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