Global Disposable Garbage Bags Market Overview:
Disposable Garbage bags market witnessing high demand across various industries. These bags utilized for the collection, storage, disposal, and handling of the garbage. North America is expected to be the largest consumer of biodegradable bags. The developed regions are expected to dominate the overall biodegradable bag market owing to the presence of mature markets, which consist of highly environmental conscious consumers. And also the presence of a high-spending population expected to increase the overall demand for disposable garbage bags.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Transport Compostable and Food Waste to the Compost Facility and Rise in Demand for Premium Garbage Bags
Market Growth Drivers:
Increasing Consumer Awareness towards Eco-Friendly and Reusable Garbage Bags, Declining Price of Key Raw Materials Used In Making Biodegradable Plastics in Several Countries, Increasing Government Initiatives and Increase in Disposable Income and Rise in Purchasing Power of Consumers
Challenges:
Most disposable garbage bags are made from plastic, contributing to the global plastic waste crisis.
Restraints:
Implementation Of Stringent Regulations And Taxation Over The Use Of Plastic Bags To Mitigate The Harmful Effects On The Environment Are Expected To Restrain The Market Growth
Opportunities:
Strong Opportunity in Asia Pacific Region Due To Presence of Large Number of Population to Boost Overall Market
Competitive Landscape:
The Global Disposable Garbage Bags Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Consumer Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability.
Some of the key players profiled in the report are Berry Global (United States), Harwal Group of Companies (United Arab Emirates), Reynolds Group Holdings (New Zealand), The Clorox Company (United States), Weifang Kangle Plastics (China), Al shoaibi Plastic Factory (Saudi Arabia), Dunplast Poly Bag Ltd (Canada), Luban Packing (United Arab Emirates), Four Star Plastics (United States) and Zubairi Plastic Bags Industry LLC (United Arab Emirates). Additionally, following companies can also be profiled that are part of our coverage like International Plastics (United States), Hefty (United States) and The Glad Products Company (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Disposable Garbage Bags market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Retail Store will boost the Disposable Garbage Bags market. Considering Market by Material Type, the sub-segment i.e. Low-Density will boost the Disposable Garbage Bags market.
Latest Market Insights:
In Oct 2020, the Canada Minister of Environment and Climate Change announced a plan for coming years to achieve zero plastic by FY 2030. Under this plan, they will ban all harmful single-use plastic items that are not recycled. The Government of Canada is combined with provinces and territories through the Canadian Council of Ministers of the Environment. Through this initiative they make Strategy on Zero Plastic Waste lays out a vision for a circular economy for plastics.
What Can be Explored with the Disposable Garbage Bags Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Disposable Garbage Bags Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Disposable Garbage Bags
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Disposable Garbage Bags market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Disposable Garbage Bags market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Disposable Garbage Bags Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.