A new market research report by Transparency Market Research, titled “Garbage Bag Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023”, comprises a detailed analysis of the market and throws light on the key dynamics impacting the development of this market. Both primary as well as secondary research has been conducted in order to collate the report. The key segments and sub-segments present in the market and their state by the end of the forecast horizon also forms a key part of this study. The technological breakthroughs taking place in the market and its demand and supply dynamics have also been presented through this study.
As stated in the study, the growing awareness about environment and health and the advancement in the lifestyle of individuals globally are the prime factors fuelling the growth of the global garbage bag market. In addition, the favorable policies implemented in nations by governments will also drive the demand for garbage bags, hence positively impacting market growth. Furthermore, the growing demand from local packaging firms, retailers, and private consumers will stimulate the overall growth of the market for garbage bags.
On the other hand, the report states that the market for garbage bags will only emerge as a sustainable market if new product innovation takes place in this market. For instance, the introduction of garbage bags featuring odor control benefits, etc. In addition¸ the penetration of both small and big retailers and the increasing inclination of customers toward economical local products have given rise to an extremely competitive environment in the market, particularly for big brands. This factor may also negatively impact the development of the overall market.
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In the next part of the report, the segmentation of the global garbage bag market has been presented. The market has been categorized in terms of material of manufacturing, size, and geography. On the basis of material of manufacturing, the report categorizes the market into low-density polythene (LDPE), recycled polythene, high-density polythene (HDPE), co-extruded plastic bags, biodegradable polythene, woven polypropylene, degradable polythene, metallocene polythene (mPE), medium density polythene (MDPE), and liner blend polythene. By size, the garbage market is categorized into 35 liters, and 25 liters, and 50 liters and above. By end user, the market is segmented into industrial and consumer sectors.
Geographically, the report categorizes the market into Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan (APEJ), the Middle East & Africa, and Japan, and North America. Of these, Asia Pacific is poised to emerge as the most promising market in the coming years owing to urban agglomerations producing huge volumes of garbage. In Asia Pacific, China is at present the most significant revenue generator in the market, followed by India. On the other hand, Western Europe and North America are predicted to emerge as the other leading regions in the market during the forecast period.
Clorox Australia Pty Limited, Allied Plastics, Berry Plastic Corporation, Cosmoplast, Heyuan Ruijian Plastic Products Co., Ltd., Kemii Garbage Bag Co. Ltd., and Novplasta, S.R.O., among others, are the prime players dominant in the global garbage bags market.