Global Trash Bags Market was valued US$ XX Bn in 2019 and is expected to reach US$ 12.9 Bn by 2026, at a CAGR of around 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
Increasing disposable income of people is fostering the demand for cost-effective and convenient trash bags, which will enhance the growth of Trash Bag Market over the forecast period of 2018-2026. Trash bags widely ranges its application in day to day life and are used in households, college, offices, shops, restaurants, industries, etc. However, the rigid environmental policies and taxation over the use of plastic bags to reduce the hazardous environmental effects might hamper the Trash bag market in the upcoming years.
The report provides detailed information related to dynamics, segmentation of the global trash bags market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The retail segment is expected to grow at the highest XX% CAGR during the forecast period. Owing to the increasing urban population and stringent regulations for handling waste for households. The growth of the retail segment is supported by both, the creation of new consumers in emerging economies and the rising disposable incomes in developed economies. Because of the awareness regarding hygiene and favorable government initiatives for efficient waste management, the consumption of garbage bags is expected to remain high in this segment.
Region-wise, the Asia Pacific is expected to hold the largest XX% share of the global market for trash bags during the forecast period. The market in the Asia-Pacific region is growing rapidly. This region is home to some of the leading consumers of trash bags globally, such as China, Japan, South Korea, and India. Growing urbanization and industrialization are driving the consumption of trash bags for retail applications, which is rising at a significant rate, and the same trend is expected to continue in the coming years. Dense population and increasing per capita incomes in this region, along with government initiatives, are major factors driving the growth of the market.
A report covers the recent development in the trash bags market like in November 2017, The Clorox Company opened a new manufacturing facility in Atlanta (US). This new facility called, Atlanta West, covering an area of 258,000 square feet, has been established to manufacture household products. This expansion aided the company in servicing the rising demand from consumers of the household segment.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Trash Bags Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Trash Bags Market.
Scope of the Global Trash Bags Market
Global Trash Bags Market, By Type
• Star sealed
Global Trash Bags Market, By End Use
Global Trash Bags Market, By Size
• 3 to <13 Gallons
• Greater Than 13 to Less Than 50 Gallons
• Above 50 Gallons
Global Trash Bags Market, By Material
• High Density Polyethylene (HDPE)
• Low Density Polyethylene (LDPE)
• Linear Low Density Polyethylene (LLDPE)
• Bio-Degradable Polyethylene
Global Trash Bags Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Trash Bags Market
• Novplasta, s.r.o Senkvice
• Extrapack OOD
• DAGOPLAST AS
• Terdex GmbH
• Internantional Plastics
• MirPack TM
• Pack-It BV
• Achaika Plastic S.A
• Primax D.o.o
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