Global Trash Bags Market Size | Hefty (Reynolds Consumer Products...

Global Trash Bags Market Size | Hefty (Reynolds Consumer Products LLC) Dominates | 5.6% CAGR

Posted 2024-04-18 01:40:24

Global Trash Bags Market Expected to Grow at 5.6% CAGR, Driven by Residential Demand

Market Overview:

The global trash bags market, valued at US$ 11.08 billion in 2022, is projected to witness a CAGR of 5.6% during the forecast period (2023-2029). This growth is attributed to the increasing trend of residential use, which has significantly boosted the demand for trash bags worldwide.

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Scope:

This market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, and opportunities in emerging revenue pockets. It also discusses changes in market regulations, strategic market growth analysis, market size, category market growths, application niches, product approvals, product launches, and geographies.

Methodology:

The report is based on both primary and secondary research. Data is obtained from various sources such as press announcements, yearly reports, and government websites. The study considers economic, social, technological, and geographic features of the market to provide a comprehensive and well-evaluated report.

Dynamics:

The growth drivers, market users, and key data analysis are discussed in the report. It provides insights into market growth reasons, user data by regions, and specific requirements. The study also addresses the market's drivers, restraints, opportunities, and challenges, assisting in identifying market growth drivers and issues based on the market condition.

Segmentation:

Based on Material Type Segment: Low-density polyethylene (LDPE) and high-density polyethylene (HDPE). LDPE dominates the global market and is expected to grow at a CAGR of 3.5% during the forecast period.
Based on Product Segment: Recyclable bags and non-recyclable bags. Recyclable bags dominate the global market and are expected to grow at a CAGR of 4.5%.
Based on End-user Type Segment: Residential and commercial. The residential segment dominates the global market and is expected to grow at a CAGR of 3.8%.

COVID-19 Impact Analysis:

The COVID-19 pandemic caused a significant drop in production, utilization, and travel prohibitions, impacting the global trash bags market. The report includes insights, analyses, estimates, and predictions regarding the pandemic's influence on the market, consumer behavior, segmentation, drivers, and market restraints.

Market Players:

Key players in the global trash bags market include Pack-It B.V., Kemii Garbage Bag Co. Ltd., Cosmoplast Industrial Company L.L.C., Luban Packing LLC, Hefty (Reynolds Consumer Products LLC), International Plastics Inc., Novolex, Novplasta, s.r.o., Terdex GmbH, Berry Global Inc., The Clorox Company, Reynolds Consumer Products, Inteplast Group, and Four Star Plastics.

Regional Analysis:

The global trash bags market is divided into five regions: Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. The report examines the market's key topographies, segments, and sub-sections, providing insights into regional progress in terms of market size, share, and volume.

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