Global Garbage Bag Market Industry Analysis and Forecast

Posted by shankar on December 24th, 2020

Global Garbage Bag Market was valued US$ 1.67 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Garbage bags are mostly made out of plastics and are commonly black. Generally, these bags are used to line the insides of dustbins or huge waste containers for the prevention of the insides of the waste containers from getting spoiled with waste.

The major driving factor of the global garbage bag market is the growing awareness for clean surroundings and raising awareness for effective and efficient waste management in developing countries. The huge volume of waste generated across the globe is also on the upsurge, which, in turn, contributes to the growth of the global garbage bag market.

The increased popularity of the global garbage bag market can be attributed to the huge volumes of waste generated across the globe. 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, strict environmental policies regarding the ban on plastic bags have hampered the growth of the global garbage bag market.

In terms of material type, a High-density polyethylene material type segment is expected to register the highest CAGR of XX% during the forecast period thanks to high-density polyethylene garbage bags are relatively inexpensive and hold considerable weight compared to other material types.

Based on end-user, retailer & consumer is expected to be the fastest-growing market due to the huge volume of waste generated followed by industrial and institutional. The main growth drivers for the market are private consumers, retailers, and local packaging firms they focus more on delivering the product in the local market.

Based on regions, the Asia Pacific region is expected to be the fastest-growing market for garbage bags across the globe during the forecast period due to the growing need for an effective and efficient system of waste management, especially in developing countries like India and China. The European and North American regions are expected to hold a substantial share in the market for garbage bags throughout the forecast period attributable to better standards of living of the middle-income groups.

The objective of the report is to present a comprehensive analysis of the Global Garbage Bag Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Garbage Bag Market dynamics, structure by analyzing the market segments and project the Global Garbage Bag Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Garbage Bag Market make the report investor’s guide.
Scope of Global Garbage Bag Market:

by Material Type:

• Low-density polyethylene
• Liner low density polyethylene
• High-density polyethylene
• Polypropylene
• Others
by Size:

• 7-16 gallons
• 20-30 gallons
• 32-35 gallons
• 40-48 gallons
• +55 gallons
by End-user:

• Retail & Consumer
• Institutional
• Industrial
by Region

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key players

• 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.
• Terdex.

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shankar

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shankar
Joined: July 22nd, 2019
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