The new report by Expert Market Research titled, ‘Global Trash Bags Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global trash bags market, assessing the market based on its segments like material, size, type, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.



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Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

 

Request a free sample copy in PDF or view the report [email protected]https://www.expertmarketresearch.com/reports/trash-bags-market/requestsample

 

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 10.3 Billion
  • Forecast CAGR (2021-2026): 5.0%
  • Forecast Market Size (2026): USD 13.9 Billion

 

The increasing waste generation caused by rapid urbanisation is assisting the growth of the trash bag market. According to World Bank, by 2045, the world's urban population will have grown to 6 billion people, a 1.5-fold increase. It is also predicted that by 2050, worldwide solid waste production will have increased to 3.40 billion tonnes. Increasing consumer awareness about health and hygiene along with cleanliness of the environment is also boosting the adoption of trash bags. Asia is an emerging market of trash bags owing to the huge population and rapid urbanisation rates in India and China which is followed by Nigeria. India is expected to gain 416 million urban residents by 2050, China 255 million, and Nigeria 189 million.

 

Industry Definition and Major Segments

 

A trash bag is a lightweight, disposable bag that is used to collect solid and liquid waste. These bags can be used to line the insides of waste bins to keep them from becoming coated in waste. Trash bags are primarily made using polyethylene, a petroleum-based resin that is valued for its tear resistance and strength.

 

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/trash-bags-market

 

On the basis of material, the market is segmented into:

  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Linear Low-Density Polyethylene (LLDPE)
  • Bio-Degradable Polyethylene
  • Others

 

Based on size, the market is divided into:

  • 3 to <13 Gallons
  • Greater Than 13 to Less Than 50 Gallons
  • Above 50 Gallons

 

Based on type, the market is divided into:

  • Drawstring Bags
  • Star Sealed Bags

 

On the basis of end-use, the market is segmented into:

  • Retail
  • Institutional
  • Industrial

 

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

 

Market Trends

 

Waste management is a growing global concern as it poses a serious threat to the eco-system and human health. According to the United Nations Environment Program, about 11.2 billion tonnes of solid waste is collected globally. This has forced administrative bodies all over the world to take active measure for waste collection and spread awareness about proper waste disposal. This has increased the adoption of trash bags worldwide as an efficient waste management solution. The environmental hazards caused due to use of plastic bags have led to introduction of bio-degradable garbage bags. Recently, due to the global pandemic, the consumer awareness for health and hygiene has increased, which have boosted the trash bag market. The use of trash bags for disposal of bio-hazard wastes in hospitals have also increased significantly.

 

Key Market Players

 

The major players in the market are Berry Global Inc., The Clorox Company, Inteplast Group, Ltd., International Plastics, Inc., Cosmoplast Industrial Company (L.L.C.), Novplasta, S.R.O., and BioBag International AS., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

 

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

About Us:

 

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

 

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

 

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Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

 

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

 

Media Contact

 

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

 

 

 

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