The global trash bags market is projected to reach USD 14.77 billion by 2028, at a CAGR of 5.4% from 2021 to 2028. Growing environmental awareness and stringent government regulations have been major factors driving demand for trash bags in recent years. Increasing efforts to reduce plastic waste along with the growing demand for efficient and sustainable waste management solutions are expected to bolster market growth. Moreover, the development of biodegradable and compostable trash bags is likely to create new opportunities for market players in the coming years.
The various types of trash bags available in the market include low-density polyethylene (LDPE), high-density polyethylene (HDPE), and polyvinyl chloride (PVC). Among these, HDPE bags are expected to hold a dominant share in the market during the forecast period, owing to their higher strength and durability. Furthermore, their rising use in the food industry is likely to contribute to market growth.
Based on end-use, the retail segment is estimated to be the largest in the global trash bags market. The segment is expected to exhibit a CAGR of 5.9% during the forecast period, on account of the rising number of households and the growing awareness about waste management.
By region, the market in North America is expected to witness the highest growth in the coming years, owing to the increasing population and the growing demand for sustainable waste management solutions in the region. The market in North America is also expected to register healthy growth during the forecast period, mainly due to the presence of a large number of market players in the region.
The major players operating in the global trash bags market are Bemis Company, Inc. (U.S.), Berry Global, Inc. (U.S.), Novolex Holdings, Inc. (U.S.), AEP Industries, Inc. (U.S.), and Super bag Corporation (U.S.).