Trash Bags Market size was over USD 10.94 billion in 2024 and is projected to reach USD 21.67 billion by 2037, witnessing around 5.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of trash bags is assessed at USD 11.44 billion.
The key factors anticipated to drive the growth of the market include rise in the consumption of trash bags along with the increase in generation of waste in urban areas with the rising economies. Trash bag is a material used for storage and disposal of garbage and is widely adopted across residential and commercial areas. Further, the increasing focus on unique ideas for decomposition of trash bags and the availability of wide range of trash bags is anticipated to accelerate the growth of the market over the forecast period.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.4% |
Base Year Market Size (2024) |
USD 10.94 billion |
Forecast Year Market Size (2037) |
USD 21.67 billion |
Regional Scope |
|
The market is segmented by product type, by material type, by capacity type, by distribution channel and by end users. The product type is further segmented into star sealed, gusset sealed, flat sealed, wavetop and others. Based on segmentation by product type, the market for star sealed trash bags segment is anticipated to account for the largest market share owing to the environmental friendly nature of bags, its flexibility along with the reduction in plastic waste with the use of recycled plastics. Further, the bag is made from flexible material which has wide application in transportation and distribution of garbage. These factors are estimated to drive the market growth over the forecast period.
Our in-depth analysis of the global market includes the following segments
By Product Type |
|
By Material Type |
|
By Capacity |
|
By Distribution Channel |
|
By End Users |
|
On the basis of regional analysis, the trash bags market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to hold largest revenue share by 2037, due to high awareness among people along with strict enforcement from sanitation departments for the waste disposal. Further, the market in Asia Pacific is anticipated to be most attractive market for trash bags on the back of availability of low-priced raw material for the production of large volume of bags and rising disposable incomes in the region. Additionally, changing lifestyles in leading economies such as India and China is leading to huge consumption of trash bags. The market growth is anticipated to be driven with the presence of these factors in the region over the forecast period.
Author Credits: Abhishek Anil
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?