Disposable garbage bags market is predicted to experience steady growth, reaching a value of US$ 11,550 million by 2030, according to estimations. This translates to a compound annual growth rate (CAGR) of 4.5% during the forecast period (2024-2030). The market was valued at US$ 8,454.6 million in 2023, indicating the potential for significant expansion in the coming years.

To Know more about this report (Description, TOC and List of Tables and Figures) — Disposable garbage bags market

Key Players:

Several established companies dominate the disposable garbage bags market, including:

• Glad (Kimberly-Clark Worldwide)
• Hefty (Reynolds Consumer Products)
• Clean Living Products (International Paper)
• Novolex
• SCG Packaging
• Windeln Holding GmbH
• Berry Global Inc.
• Hengan International Group Company Limited
• SGS Consolidated Corporation

Drivers and Opportunities:

Multiple factors are contributing to the growth of the disposable garbage bags market:

• Rising urbanization and population growth: Increased urbanization leads to more households and waste generation, driving demand for garbage bags.
• Growing hygiene and sanitation awareness: Consumers are increasingly prioritizing cleanliness and opting for disposable solutions like garbage bags to maintain hygiene.
• Evolving product offerings: Manufacturers are introducing environmentally friendly options like biodegradable and compostable bags, attracting eco-conscious consumers.
• Expanding e-commerce: The rise of online shopping generates more packaging waste, requiring disposable garbage bags for disposal.

Segmentation by Type:

The market is divided based on the type of material used:

• Degradable Disposable Garbage Bags: These bags are expected to witness significant growth due to environmental concerns and government regulations promoting sustainability.
• Nondegradable Disposable Garbage Bags: These bags remain popular due to their affordability and durability, but face increasing competition from eco-friendly alternatives.

Segmentation by Application:

The market is categorized based on the primary use case:

• Household Use: This constitutes the largest segment due to the widespread application of garbage bags in homes for waste disposal.
• Commercial Use: Businesses like restaurants, hotels, and offices generate significant waste, driving demand for commercial-grade garbage bags.
• Industrial Use: Industries producing large volumes of waste, such as construction and manufacturing, rely on heavy-duty industrial garbage bags.

Segmentation by Region:

Geographically, the market is segmented as follows:

1. North America: Holds the largest market share due to high disposable income and developed waste management infrastructure.
2. Europe: Stringent environmental regulations and growing consumer awareness of sustainability favor biodegradable bags in this region.
3. Asia Pacific: Expected to register the fastest growth due to its large and rapidly urbanizing population.
4. South America and Middle East & Africa: These regions exhibit moderate growth potential due to developing economies and increasing focus on hygiene and sanitation.

Overall, the disposable garbage bags market presents promising growth opportunities driven by urbanization, hygiene concerns, and product innovation.

The increasing shift towards biodegradable and compostable options reflects growing environmental consciousness among consumers.

Key players can capitalize on this trend by expanding their eco-friendly offerings and catering to the specific needs of different regions and applications.