Trash Bags Market Report

The demand for trash bags is anticipated to grow due to the rising concerns regarding waste management and the aftereffects. According to the World Bank report, global waste generation is forecast to reach the mark of 3.4 billion metric tons per year by 2050. Compared to 2016, global waste generation will show a hike of 70% in 2050. Also, according to the reports, the per capita waste generated per day is 0.74 kilograms. Also, globally, 37% of the data has been disposed of in an open landfill. Thus, due to the rising waste, the demand for trash bags is expected to grow at a fast pace. The reason for the generation of municipal solid waste is rapidly rising economic development and urbanization globally. Due to urbanization and rising population migration, the world has experienced a rise in household waste. Also, according to the report of the UN Development Program, due to the rise in migration, municipal solid waste generation is forecasted to touch 3.8 billion tons by 2025 and has reached 2.3 tons in 2023, due to which the growth of trash bags is expected to reach new heights.

The increasing adoption of compostable trash bags is considered a great opportunity for the trash bag market. Plastic bags are considered a prime reason to damage the environment, as it approximately takes 1,000 years to completely decompose in landfills. The rise in demand for reusable and compostable bags is expected due to the rising number of landfills around the world. The major use of potato starch and corn starch has been done to manufacture compostable trash bags. It is expected that the increasing use of compostable bags will completely replace plastic bags. Also, the demand for odor-neutralizing and liquid-absorbing trash bags has been rising. A bag or other flexible container for disposing of food waste and scraps contains a soaking substance and an odor-neutralizing component. Solid and liquid food waste is deposited in the bag, which is then sealed and placed in a household trash can.

• The use of compostable and biodegradable bags is done to reduce the environmental impact of plastic trash bags.
• To monitor the waste levels and optimize the collection schedule, the use of sensors is done.
• Offering a wide variety of sizes and strengths to meet specific waste disposable needs.

Due to various regulatory factors, the growth of trash bags has been restrained due to rising consumer awareness and rising levels of global warming. Various countries, such as India, France, and the United Kingdom, have passed the law to ban single-use plastics. Also, in 2022, the government of Canada will completely ban the manufacturing as well as the imports of single-use plastics. Also, the demand for trash bags is being impacted due to changing consumer preferences and changing lifestyles. Due to awareness of environmental concerns, the use of reusable containers, composting systems, and biodegradable bags is rising day by day. Thus, the demand for trash bags may be affected due to the rising awareness regarding environmentally friendly products, which may limit the growth of trash bags. Also, plastic bags are affecting aquatic animals as they are ranked as 12 items of debris most often found along coastlines, 5 trillion plastic bags are used every year, and most of them are categorized as single-use plastic, which is discarded after use.

In April 2023, Microban International and Berry Global were pleased to announce a partnership to launch a line of Color Scents® scented trash bags with antimicrobial technology that hit Walmart stores in April of that year. The new additions to the Color Scents family of products were available in three different sizes, catering to all household waste needs, and combined a choice of four subtle scents with Microban® antimicrobial technology to protect against the growth of odor-causing bacteria. In October 2022, ECOSAC, a leading brand of eco-friendly shopping bags, launched ‘Ecopath’ to lead India into a sustainable way of life. While 175 countries resolved to end plastic pollution at the UN Environment Assembly, Ecosac put its best foot forward to join the global mission, adding a wide range of eco-friendly consumer products under Ecopath.

The United States can be considered a promising market due to rising municipal solid waste. According to the data of Environment America, a total of 12% of global municipal solid waste (MSW) is being produced, though only 4% of the world of the world population resides in America. Also, a large amount of waste is generated by the industrial process, primarily from the household products manufacturing industry. Also, a large amount of industrial solid waste is created by industries such as agriculture, mining, and manufacturing, which are not properly taken care of and account for 97% of the total American waste. Also, according to the data of the US Department of Housing and Urban Development, the increasing population of the United States and the global urbanization rate increase the demand for products associated with waste management.

The report provides a detailed overview of the trash bags market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the trash bags market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the trash bags market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the trash bags market. Some key countries and regions included in the trash bags market report are as follows:

• Trash bags market detailed segments and segment-wise market breakdown
• Trash bags market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in trash bags industry)
• Current, historical, and forthcoming 10 years market valuation in terms of trash bags market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Trash bags market demand analysis
• Trash bags market pricing analysis over the forecast period (by key segment and by region)
• Trash bags market regional insights with the region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the trash bags market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the trash bags market
• Trash bag market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the trash bags market forecast by countries
• Mergers and acquisitions in the trash bags market
• Essential information to enhance market position
• Robust research methodology