Transparency
Market Research Added A New Report "Garbage
Bag Market". According to the World Bank report, the
amount of garbage generated in urban areas, globally, is growing at a
faster rate than the rate of urbanization. On an average, each person
produces 1.2 kg of garbage per day and, thus, 7.4 million tons of
garbage is produced per day in the world. This waste comes from
households, schools, offices, market places, restaurants, industries,
commercial complexes, agriculture, etc.
A garbage bag is a
flexible material used for the collection, storage, disposal, and
handling of garbage. In addition, it has a very wide application in
the transportation and distribution of garbage. It has variety of
names such as bin bag, trash bag, rubbish bag, can line, etc. Three
Canadians, Harry Wasylyk, Larry Hansen, and Frank Plomp, produced the
first garbage plastic bag in 1950. In the 21st Century, there are
different materials available for the production of a garbage bag.
Those materials include Low-Density Polythene (LDPE), High-Density
Polythene (HDPE), recycled polythene, liner blend polythene, Medium
Density Polythene (MDPE), Metallocene Polythene (mPE), degradable
polythene, woven polypropylene, biodegradable polythene, and
co-extruded plastic bags. Garbage bags produced from these 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
colors, such as black, pink, green, white, transparent, etc. They are
also available in variety of sizes, depending on their end uses.
Garbage bags find a wide range of applications in day to day life and
are widely used in households, colleges, offices, shops, restaurants,
hospitals, industries, etc.
Evolving life style
of consumers, increasing health and environmental awareness, and
supportive environmental policies implemented by various governments
across the globe are the major factors responsible for the increasing
global demand for garbage bags and, thereby, their market growth.
Owing to its value added applications, right from handling of waste
to transportation and distribution of garbage, the market for garbage
bags is expected to create significant growth and investment
opportunities for players operating in the market, especially in the
developing countries. Besides, the garbage bags market is expected to
continue to grow steadily in developed nations, wherein the consumer
demand for garbage storage and handling bags is high. The main growth
drivers for the market are private consumers, retailers, and local
packaging firms, which focuses more on delivering the product in the
local market.
However,
sustainability of the garbage bag market majorly depends on new
product innovation, such as garbage bag with enhanced odor control
benefits. Additionally, presence of big and small retailers and
increasing consumer preference for using cheap local products has
created a highly competitive environment for big brands of garbage
bags.
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The global garbage
bag market is segmented based on: its material of construction,
available sizes, and end users. By material of manufacturing, the
global garbage bags market is segmented into HDPE, LDPE, LLDPE,
linear blend polythene, degradable polythene, biodegradable
polythene, and woven polypropylene. By size, the market is segmented
into 25 liters, 35 liters, and 50 liters & above. By end user,
the global garbage bag market is segmented into consumer and
industrial.
By geography, the
global garbage bags market has been classified into seven key
regions, namely North America, Latin America, Eastern Europe, Western
Europe, Asia-Pacific excluding Japan, the Middle East & Africa,
and Japan. The global garbage bags market is anticipated to expand at
a double digit CAGR over the forecast period. Asia Pacific market is
expected to be the most attractive market for garbage bag packaging
due to large volumes of produced garbage from urban agglomerations.
As of 2016, China is the largest garbage bags market in Asia Pacific,
followed by India, and the market in these countries is expected to
grow rapidly in the near future. North America, followed by Western
Europe, are the other prominent regions projected to hold a promising
future growth potential in the garbage bags market by the end of
2026.
Some of the Key
Players in the global garbage bag market are Allied Plastics,
Berry Plastic Corporation, Clorox Australia Pty Limited, Cosmoplast,
Heyuan Ruijian Plastic Products Co., Ltd., International Plastics,
Kemii Garbage Bag Co. Ltd., Luban Pack, Novplasta, S.R.O., and
Terdex.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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