Rising Demand for Garbage Bags in the United States Drives Anticipated 3.2% CAGR, with Market Valuation Expect
Garbage Bag Demand Surges In US, Valuation To Hit US$ 2.5 Bn By 2033
The market for garbage bags in the United States, the market for garbage bags in the United States.
The trash bags industry in the United States is expected to grow at a rate of 3.2% each year from 2023 to 2033. The value of the market is predicted to increase from $1.9 billion in 2023 to $2.5 billion by 2033. In 2022, the market was worth $1.8 billion and is expected to see a year-on-year growth of 2.4% by the end of 2023.
The demand for recycled plastic trash bags is on the rise in the United States, leading to a growing market. Increasing numbers of environmentally conscious individuals are actively searching for sustainable and planet-friendly products, including garbage bags.
This gave rise to the development of reusable waste pouches that would meet the increasing demand for easily disposable and ecologically sound options. Multiple businesses are involved in manufacturing sustainable and nature-friendly bags.
Discover how market dynamics are influenced by drivers and challenges. Gain deeper insights by accessing a sample report. Download it now from this link: https://www.futuremarketinsights.com/reports/sample/rep-gb-17714
As an example, Hefty provides a variety of trash bags that are produced using 20% recycled materials. These bags are crafted using the reliable Hefty Ultra Strong design and are specifically designed for kitchen use.
Reynolds has launched a new range of trash bags that are created using half of recycled plastic. These bags provide a greener alternative to regular plastic bags as they can be easily decomposed and discarded, posing fewer harms to the environment.
In America, Glad is a popular garbage bag brand. Glad provides an assortment of environment-friendly waste bags made from recycled resources. These bags are crafted using durable, sustainable materials that are also environmentally safe.
When talking about trash bags, the main concern for many customers is the unpleasant odors. Numerous individuals are searching for a solution to mask the bad smells. To tackle this problem, scented garbage bags incorporate fragrant particles within the plastic material used to manufacture the bag.
Some bags even use a combination of scented and odor-absorbing carbon particles in their lining, thanks to dual-action technology.
Scented kitchen trash bags are also convenient for everyday use. Similar to regular plastic trash bags, many fragrant trash bags are durable and resilient. They can be disposed of in a manner that is extremely environmentally friendly.
Hospitals generate substantial amounts of medical refuse, necessitating its proper management. This waste is collected and conveyed to the appropriate disposal site utilizing trash bags. The demand for waste containers within the healthcare industry is projected to increase.
The immense amounts of food waste generated by restaurants must be appropriately managed since the number of restaurants and food service establishments in the United States is continually increasing. Consequently, the demand for waste disposal bags in the food service industry is expected to surge.
Bioplastics aid in lessening reliance on fossil fuels in the production of plastic waste pouches. Biodegradable plastic waste pouches are constructed from locally sourced organic materials. This lessens reliance on petroleum and offers a domestic alternative for plastic manufacturers producing resins or films. These bags can be reused more often and are easier to recycle.
The increasing demand from consumers, regulations like the prohibition of plastic bags, and endeavors to tackle climate change are predicted to propel the expansion of the market. The production of biodegradable plastic bags requires approximately half the amount of energy compared to non-biodegradable ones.
Customers who are passionate about the environment are willing to spend extra money on garbage bags that are both eco-friendly and sustainable. One example of this is the growing trend of using materials derived from plants like cornstarch and potato starch, which are in high demand for their environmentally friendly qualities.
Important Points to Note about the Garbage Bags Industry
The garbage bags market in the United States is predicted to reach a total value of $2553 million by 2033. The demand for garbage bags in the country is expected to increase significantly, with a compound annual growth rate (CAGR) of 3.2% over the forecast period. The polyethylene segment is projected to reach a value of $1618.6 million by 2033 based on the material used. The commercial sector is expected to experience a CAGR of 2.7% during the projection period. In terms of sales, the manufacturer/direct sales division is predicted to have a CAGR of 4.2% over the forecast period.
According to a top analyst at FMI, the United States can expect an increase in the need for eco-friendly and reusable trash bags, leading to growth in this industry. Major producers are collaborating with distributors in foreign nations to expand their clientele.
Manufacturers are striving to set their garbage bags apart from their rivals by providing distinctive characteristics. These encompass smell management, leak prevention, environmentally friendly choices, and durable materials. Additionally, they are dedicating resources to establishing well-known brands, appealing packaging, and impactful marketing strategies to boost the visibility and attractiveness of their products.
Berry Global Inc, the Harwal Group of Companies (Cosmoplast), the Clorox Company, Simpac Impex P Ltd, Reynolds Consumer Group, Novolex, American Plastic Co, International Plastics Inc, Poly-America LP, Four Star Plastics, and Inteplast Group Corporation.
Get instant access to comprehensive market analysis: Buy now to discover in-depth information on specific market segments and uncover crucial trends, factors driving growth, and potential challenges. Visit the link provided to make your purchase!
Microban International and Berry Global have joined forces to bring a selection of Color Scents® garbage bags, infused with antimicrobial technology, to Walmart stores in April 2022. Additionally, Hefty has recently revealed their plans to introduce waste bags scented with the delightful aroma of pumpkin spice, which will be available for purchase starting on September 30.
The Garbage Bags Market Analysis
In its latest report, Future Market Insights (FMI) provides an impartial assessment of the trash bags market in the United States. The report examines past trends in demand from 2017 to 2022 and presents projections for 2023 to 2033.
A new report has been published which provides information about the expected growth of the garbage bags market in the United States. The report focuses on various factors such as the materials used in the bags (polyethylene, polypropylene, bioplastics, etc.), the type of products available (scented or non-scented), the size of the bags (up to 30 liters, 30 to 90 liters, 90 to 150 liters, and above 150 liters), the sustainability of the bags (sustainable or conventional), the different sales channels (manufacturer/direct sales, retail sales, and e-commerce), and the end use of the bags (commercial, residential, and industrial).
Market Division of Garbage Bags in the United States The garbage bags market in the United States can be divided into different segments based on various factors.
By Classification: Polyethylene of a lower density (LDPE) Polyethylene of a linear low density (LLDPE) Polyethylene of a higher density (HDPE) Polypropylene (PP) Environment-friendly plastics Other types of plastics
Based on the product: Perfumed and Unscented
Based on Size: Less than 30 liters Between 30 and 90 liters Between 90 and 150 liters More than 150 liters
According to Category: Eco-friendly Traditional
Based on the avenue of sales: Producer/Manufacturer Direct Selling Retail Selling Large-scale Stores & Supermarkets Convenient Stores Specialized Stores Online Trading
By Purpose: Business Living Manufacturing
Divided into different parts: Northeast, Southwest, West, Southeast, and Midwest.
Get in touch with us at Future Market Insights Inc. Our office is located at Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA.
Future Market Insights (FMI), an internationally recognized firm, specializes in providing in-depth analysis of the factors driving market demand. FMI is known for its expertise in market intelligence, advisory services, consulting, and events across various industries such as Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals. With a large team of over 5000 analysts spread across the globe, FMI offers global, regional, and local insights on various industries and trends in more than 110 countries.
This article was made public on openPR.
