Packaging / Biodegradable Trash Bags Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Dunplast Poly Bag, Luban Packing, Zubairi Plastic Bags Industry
Biodegradable Trash Bags Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Dunplast Poly Bag, Luban Packing, Zubairi Plastic Bags Industry
Registering a CAGR of 8.9% over the forecast period of 2022-2027, the global Biodegradable Trash Bags Market is anticipated to reach a market value of USD 15.52 billion by 2027 from USD 9.62 billion in 2022.
Biodegradable Trash Bags Market Overview
The Biodegradable trash bags market is anticipated to witness significant development globally because of the increasing awareness about environmental concerns, and the need to use hygienic products. Rapid urbanization has also resulted in an improved generation of waste which in turn increases the consumption of trash bags and consumers nowadays being worried about the environment are preferring biodegradable trash bags. The growing demand for biodegradable trash bags is driving the growth factor for the market growth. The factors that lead to the development of the market are being leak-proof, lightweight, durable, having high tensile strength, easy to carry, and resistant to water owe to the development of the biodegradable trash bags market. The ban of plastic bags worldwide which are harmful to the environment has affected the sustainable products market extremely.
In the packaging of medical and food products, moisture control is the main concern, and thermoform plastic acts as barrier films to bring the product in good condition. Thin walling used in various packaging applications has been an additional development factor for the market.
Who are the Major Players in Biodegradable Trash Bags Market?
The Biodegradable Trash Bags Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Dunplast Poly Bag, Luban Packing, Zubairi Plastic Bags Industry, Amrit Plastochem, Hefty Brand Products & Home Solutions, The Glad Products Company, Pack-It BV, Inteplast Group, Polykar Industries, Polyethics Industries, Mapco (Pvt), Novolex, Berry Global, NOVPLASTA
Recent Developments:
In August 2018, Berry Global Inc. acquired Laddawn, Inc. (US) for a preliminary cost of USD 242 million. The acquired business operates in the Engineered Materials segment of Berry Global Inc. The acquisition aided the company in strengthening its position in the custom-made trash bags market.
In December 2017, Novolex acquired certain assets and business operations of Shields Bag and Printing Co. (US), a manufacturer of custom-engineered flexible packaging products. The acquisition aided Novolex in strengthening its position in the institutional and industrial segments.
What are the major Applications, Types and Regions for Biodegradable Trash Bags Market?
Biodegradable Trash Bags Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
E-commerce
Convenience Stores
Supermarkets/hypermarkets
Specialty Stores
By Applications it is segmented into
Low Density Polyethylene
Linear Low Density Polyethylene
Bio-Degradable Polyethylene
High Density Polyethylene
Biodegradable Trash Bags Market Regional Analysis
Biodegradable trash bags market is important in the Asia Pacific region as the manufacturing companies have industrialized in terms if awareness and technology with increasing interest of the governmental who are spreading awareness to use sustainable products by providing encouragements in some countries such as India and China which is further expected to subsidies to the growth of the market. The consumers of this region are also becoming more aware of sustainability and green products which will only benefit the environment and consumers. The expansion of businesses and manufacturing sectors specifically because of the low cost of raw material and low labor cost are also contributing towards the development of the biodegradable trash bags market.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Biodegradable Trash Bags Market report scope?
Scope of the Report covers Biodegradable Trash Bags Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Biodegradable Trash Bags Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Report Attributes
Report Details
Report Title
Biodegradable Trash Bags Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Dunplast Poly Bag, Luban Packing, Zubairi Plastic Bags Industry, Amrit Plastochem, Hefty Brand Products & Home Solutions
Forecast Period 2022 to 2028 CAGR
CAGR of 1.88% over the forecast period (2022-2027)
Yes, the report can be customized as per your needs
Key Takeaways from this Biodegradable Trash Bags Report
Evaluate Biodegradable Trash Bags market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Biodegradable Trash Bags market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Biodegradable Trash Bags Market is studied from 2017 - 2027.
What is the growth rate of the Biodegradable Trash Bags Market?
The Biodegradable Trash Bags Market is growing at a CAGR of 1.88% over the next 5 years.
Who are the key players in Biodegradable Trash Bags Market?
What are the major end-use applications of the Biodegradable Trash Bags Market?
Low Density Polyethylene, Linear Low-Density Polyethylene, Bio-Degradable Polyethylene, High Density Polyethylene
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
INTRODUCTION
MARKET DEFINATION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMLINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL BIODEGRADABLE TRASH BAGSMARKETBY TYPES
GLOBAL BIODEGRADABLE TRASH BAGS MARKET BY APPLICATIONS
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
