Trash Bags: Global Strategic Business Report

Global Trash Bags Market to Reach $17.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Trash Bags estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$17.8 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027. Drawstring Bags, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$7.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Star Sealed Bags segment is readjusted to a revised 7.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 11.2% CAGR

The Trash Bags market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 6.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2027.

Other Types Segment to Record 6% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7.4% CAGR through the analysis period.

Select Competitors (Total 38 Featured) -

• Alpha Omega Plastic Manufacturing L.L.C.
• ALUF Plastics
• Berry Global Inc.
• BioBag International AS
• Complete Packaging & Shipping Supplies
• Four Star Plastics
• Inteplast Group
• Mapco (Pvt) Ltd
• Novolex
• Novplasta CZ, s.r.o
• Polyethics Industries
• Polykar Industries Inc.
• Reynolds Consumer Products
• The Clorox Company
• Universal Plastic Bags

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