Rapidly Increasing Demand for Eco-Friendly Garbage Bags in the United States Fuels Steady 3.2% CAGR Growth, Projected to Attain US$ 2.5 Billion by 2033
The report published by Future Market Insights offers a comprehensive analysis and evaluation of the US garbage bags market. It provides detailed segmentation, presenting valuable information on both the revenue and shipment market size, as well as forecast data up to 2033. The report also highlights the driving factors behind the market's growth and offers a ten-year forecast. Overall, this report is valuable for businesses and stakeholders seeking a thorough understanding of the US garbage bags market
NEWARK, Del, Aug. 24, 2023 (GLOBE NEWSWIRE) -- The garbage bags market in the United States is estimated to propel at 3.2% CAGR during the forecast period from 2023 to 2033. Market valuation is likely to skyrocket from US$ 1.9 billion in 2023 to US$ 2.5 billion by 2033. The market stood at US$ 1.8 billion in 2022 and is likely to surpass Y-o-Y growth of 2.4% by 2023 end.
The market in the United States is expanding due to the rising usage of recycled plastic garbage bags. More ecologically concerned consumers are seeking sustainable and eco-friendly goods, including waste bags.
This prompted the creation of recyclable garbage bags that would satisfy the rising need for readily disposable and environmentally friendly solutions. Several companies are engaged in the production of sustainable and eco-friendly bags.
Drivers and Challenges Impact Market Dynamics. Find more insights in a sample report! Download Now: https://www.futuremarketinsights.com/reports/sample/rep-gb-17714
For instance, Hefty offers a range of garbage bags made with 20% recycled materials. These bags are created with the dependable Hefty Ultra Strong construction and are intended for use in the kitchen.
Reynolds introduce garbage bags that are made from 50% recycled plastic. They are an environmentally beneficial substitute for conventional plastic bags since they can be readily composted and disposed of.
In the United States, Glad is a well-known brand of garbage bags. Glad offers a selection of eco-friendly trash bags manufactured from recycled materials. These bags are made with robust, long-lasting materials that are also safe for the environment.
When it comes to garbage bags, smells are the most common consumer complaint. Several consumers are seeking a way to cover up bad scents. In order to address this issue, scented garbage bags contain scented particles within the plastic that makes up the bag itself.
A handful of bags even employ dual-action technology, which includes both scented and odor-absorbing carbon particles within the bag's lining.
Perfumed kitchen garbage bags are also practical for daily usage. Like conventional plastic garbage bags, numerous scented garbage bags are sturdy and long-lasting. They might be disposed of in a way that is highly friendly to the environment.
Hospitals produce a lot of medical waste, which must be appropriately disposed of. This waste is gathered and transported to the proper disposal location using garbage bags. The need for waste bags in the healthcare sector is anticipated to rise.
Food waste from restaurants has to be properly disposed of because it is produced in big quantities, due to the rising frequency of restaurants and other food service businesses in the United Sates. The need for garbage bags in the food service sector is anticipated to rise.
Biodegradable plastics help reduce dependency on fossil fuels during the manufacture of plastic garbage bags. Biodegradable plastic garbage bags are made up of domestic biomass materials. It reduces dependency on oil and provide a domestic solution to plastic resin or film manufacturers. They might be reused more frequently and are simpler to recycle.
Growing consumer pressure, laws such as the plastic bag ban and attempts to combat global warming are projected to further drive market growth. About half as much energy is needed to produce biodegradable plastic bags as it does non-biodegradable ones.
Environmentally concerned customers are prepared to pay more for eco-friendly and sustainable garbage bags. For instance, the use of plant-based materials, such as cornstarch and potato starch, is gaining popularity due to increasing demand for eco-friendly and sustainable solutions.
Key Takeaways of Garbage Bags Market
- The United States garbage bags market is set to register a total of US$ 2553 million by 2033.
- Demand for garbage bags in the United States is likely to soar at 3.2% CAGR over the forecast period.
- Based on material, polyethylene segment is set to witness at US$ 1,618.6 million by 2033.
- By end-use, commercial segment is likely to exhibit 2.7% CAGR during the projection period.
- In terms of sales channel, manufacturer/direct sales division is likely to soar at 4.2% CAGR over the forecast period.
“Rising demand for recyclable and sustainable garbage bags to drive growth in the United States. Key manufacturers are partnering with distributors in other countries to broaden their customer base” - says a lead FMI analyst.
Competitive Landscape:
Manufacturers aims to differentiate their garbage bags from competitors by offering unique features. It includes odor control, leak resistance, eco-friendly options, and strong material. They are also investing in creating recognizable brands, attractive packaging, and effective marketing campaigns to enhance their product visibility and appeal.
Key Companies Profiled:
- Berry Global Inc
- Harwal Group of Companies (Cosmoplast)
- Clorox Company
- Simpac Impex P Ltd
- Reynolds Consumer Group
- Novolex
- American Plastic Co.
- International Plastics Inc.
- Poly-America LP
- Four Star Plastics
- Inteplast Group Corporation
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Recent development:
- In April 2022, Microban International & Berry Global are excited to announce a collaboration to deliver a range of Color Scents® flavored garbage bags featuring antimicrobial technology at Walmart stores.
- In September 2022, Hefty stated that it will begin selling pumpkin spice-scented waste bags on September 30.
Garbage Bags Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the United States garbage bags, analysing historical demand from 2017 to 2022 and forecast statistics for 2023 to 2033.
The study reveals growth projections on the United States. Garbage bags market by material (polyethylene, polypropylene bioplastics and others), product (scented, and non- scented), capacity (up to 30 litres, 30 to 90 litres, 90 to 150 litres, and above 150 litres), type (sustainable, and conventional), sales channel (manufacturer/direct sales, retail sales, and e-commerce), and end use (commercial, residential, and industrial).
United States Garbage Bags Market Segmentation
By Material:
- Polyethylene
- Low-density polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
- High-density polyethylene (HDPE)
- Polypropylene (PP)
- Bioplastics
- Others
By Product:
- Scented
- Non- Scented
By Capacity:
- Up to 30 Liters
- 30 to 90 Litres
- 90 to 150 Litres
- Above 150 Litres
By Type:
- Sustainable
- Conventional
By Sales Channel:
- Manufacturer/Direct Sales
- Retail Sales
- Hypermarket & Supermarket
- Convenience Stores
- Specialty Stores
- E-Commerce
By End Use:
- Commercial
- Residential
- Industrial
By Sub-region:
- Northeast
- Southwest
- West
- Southeast
- Midwest
Explore Trending Reports of Packaging
United States Scented Garbage Bags Market Size: The United States scented garbage bags industry is expected to soar at a CAGR of 3.3% during the forecast period 2023 to 2032.
Compostable & Biodegradable Refuse Bags Market Sales: The compostable & biodegradable refuse bags market is predicted to be valued at US$ 318.1 million in 2023 and is rising to US$ 653.0 million by 2033.
Trash Can Liners Market Demand: The trash can liners market is expected to record a CAGR of 4.5% during the forecast period 2022-2032
Garbage Bags Market Growth: The global garbage bags market is projected to have a moderate-paced CAGR of 5.8% during the forecast period.
Freezer Bags Market Share: sales of bulk freezer bags could increase at a CAGR of 3.8% through 2033. The global freezer bags market share is expected to secure almost US$ 6,981.6 million by 2033 end
Europe Bulk Bags Market Analysis: The rising demand for shipping industrial chemicals and mining products in bulk with safety has led to increasing manufacturing of bulk bags such as antistatic bags cross corner bag and among others.
Jumbo Bags Market Trends: The global jumbo bags market is further expand at a CAGR of 4.2% from 2023 to 2033. Jumbo bags sales are predicted to exceed a valuation of US$ 9.9 billion by 2033.
Reflective Air Bags Market Outlook: The global reflective air bags market is anticipated to expand at a CAGR of 6.1%. Owing to the advances in packaging the market is likely to propel to US$ 14.1 Billion by 2033.
Resealable Packaging Bags Market Value: The global resalable packaging bags market is predicted to reach US$ 2.3 Billion in 2023, and further expand at a CAGR of 5.3% to reach US$ 3.9 Billion by the year 2033.
North America Silo Bags Market Volume: This analysis report further predicts the North America silo bags market value to reach up to US$ 76.9 million by the end of 2033.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.
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