About Trash Bag
Trash bag refers to a disposable bag that is widely used for collection, storage, disposable and handling of garbage thus providing an efficient way for waste management. It also includes paper bags as well as bio-plastic bags which are intended to carry household wastes. Over 7.4 million tons of garbage is produced in a year which puts the onus on waste management bodies to find an efficient solution for disposal, which in turn making the trash bag more demanding than ever. Of late, there has been a paradigm shift in disposable bag manufacturing as eco-friendly and recyclable bags have become a need of the hour amid challenges such as durability and cost-effectiveness for mass production await ahead.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Trash Bag is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Trash Bag market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allied Plastics (United States), Berry Plastic Corporation (United States), Clorox Australia Pty Limited (Australia), Cosmoplast (United Arab Emirates), Heyuan Ruijian Plastic Products Co., Ltd. (China), International Plastics (United Sates), Luban Pack (United Arab Emirates), Novplasta (Czech Republic), Terdex GmbH (Germany), Extrapack OOD (Bulgaria), Achaika Plastic S.A (Greece), Primax D.o.o (Croatia), Miaojie (China), Carry –It B.V (Netherland) and Mirpack TM (Russia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Achaika Plastic S.A (Greece), Pack-IT BV (Netherland) and Extrapack OOD (Bulgaria).
Segmentation Overview
AMA Research has segmented the market of Global Trash Bag market by Type (Draw Tape/ Drawstring bag, Star Sealed Bags, Wave Top Bags, C-Fold Bags and Others), Application (Indoor, Outdoor, Animal West and Others) and Region.
On the basis of geography, the market of Trash Bag has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Small Size (Up to 5 Liters) will boost the Trash Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. High Density Polyethylene will boost the Trash Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Retails will boost the Trash Bag market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Biodegradable Trash Bags and Rise in Demand for Premium Bags owing to their Odor Control Properties
Market Growth Drivers:
Need for Effective Waste Management amid Growing Waste Generation, Growing Hygiene Awareness and Favorable Government Policies to Curb Trash and Supportive Environmental Policies Implemented
Challenges:
Production of Sustainable and Organic Trash Bag at Low cost and Plastic ban in Several Countries Adversely Affecting its Demand
Restraints:
Toxic Nature of Non-Biodegradable Bags and High Cost of Environmental Friendly Trash Bags and Shorter Shelf Life
Opportunities:
Public Interest in Sustainability and Corporate Sustainability Agenda
Market Leaders and their expansionary development strategies
In April 2023, Microban international and berry global partnership to launched line of colour scent, scented trash bags with antimicrobial technology that has hit Walmart stores.
In August 2022, Balenciaga launched most expensive trash bag in the world. trash pouch which features a baffling design is inspired by a garbage bag. even more outrageous than the product itself is its price 1.4 lakh.
Materials are low cost, hygienic, leak-proof, lightweight, durable, portable, offer resistance to air & water, meet FDA and USDA specifications, and can be recycled. These bags come in a variety of colours, such as black, pink, green, white, transparent, etc.
Key Target Audience
Trash Bags Traders, Suppliers, and Distributors, Trash Bags Manufacturers, Government and Research Organizations, Associations and Industrial Bodies, Smelters and Distributors and Industry Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.