According to the World Bank report, the amount of garbage generated in urban areas, globally, is growing at a faster rate than the rate of urbanization. On an average, each person produces 1.2 kg of garbage per day and, thus, 7.4 million tons of garbage is produced per day in the world. This waste comes from households, schools, offices, market places, restaurants, industries, commercial complexes, agriculture, etc.
A garbage bag is a flexible material used for the collection, storage, disposal, and handling of garbage. In addition, it has a very wide application in the transportation and distribution of garbage. It has variety of names such as bin bag, trash bag, rubbish bag, can line, etc. Three Canadians, Harry Wasylyk, Larry Hansen, and Frank Plomp, produced the first garbage plastic bag in 1950. In the 21st Century, there are different materials available for the production of a garbage bag. Those materials include Low-Density Polythene (LDPE), High-Density Polythene (HDPE), recycled polythene, liner blend polythene, Medium Density Polythene (MDPE), Metallocene Polythene (mPE), degradable polythene, woven polypropylene, biodegradable polythene, and co-extruded plastic bags.
Garbage bags produced from these materials are low cost, hygienic, leak proof, lightweight, durable, portable, offer resistance to air & water, meet FDA and USDA specifications, and can be recycled. These bags come in a variety of colors, such as black, pink, green, white, transparent, etc. They are also available in variety of sizes, depending on their end uses. Garbage bags find a wide range of applications in day to day life and are widely used in households, colleges, offices, shops, restaurants, hospitals, industries, etc.
Evolving life style of consumers, increasing health and environmental awareness, and supportive environmental policies implemented by various governments across the globe are the major factors responsible for the increasing global demand for garbage bags and, thereby, their market growth. Owing to its value added applications, right from handling of waste to transportation and distribution of garbage, the market for garbage bags is expected to create significant growth and investment opportunities for players operating in the market, especially in the developing countries. Besides, the garbage bags market is expected to continue to grow steadily in developed nations, wherein the consumer demand for garbage storage and handling bags is high. 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, sustainability of the garbage bag market majorly depends on new product innovation, such as garbage bag with enhanced odor control benefits. Additionally, presence of big and small retailers and increasing consumer preference for using cheap local products has created a highly competitive environment for big brands of garbage bags.
The global garbage bag market is segmented based on: its material of construction, available sizes, and end users. By material of manufacturing, the global garbage bags market is segmented into HDPE, LDPE, LLDPE, linear blend polythene, degradable polythene, biodegradable polythene, and woven polypropylene. By size, the market is segmented into 25 liters, 35 liters, and 50 liters & above. By end user, the global garbage bag market is segmented into consumer and industrial.
By geography, the global garbage bags market has been classified into seven key regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, the Middle East & Africa, and Japan. The global garbage bags market is anticipated to expand at a double digit CAGR over the forecast period. Asia Pacific market is expected to be the most attractive market for garbage bag packaging due to large volumes of produced garbage from urban agglomerations. As of 2016, China is the largest garbage bags market in Asia Pacific, followed by India, and the market in these countries is expected to grow rapidly in the near future. North America, followed by Western Europe, are the other prominent regions projected to hold a promising future growth potential in the garbage bags market by the end of 2026.
Some of the key players in the global garbage bag market are 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., and Terdex.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.