A trash bag is a plastic bag put inside a bin to hold the waste and keep it clean. They are made of polythene with different densities and are also known by other names like rubbish bags, garbage bags, bin liners, etc.
The Maximize Market Research has published a global market intelligence and research report on Trash Bag Market on 23th November 2022. Leading analyst at Maximize Market research has said that North America held the largest market share of 38% in 2021 and is expected to keep its dominance in forecast period. However, market opportunities for Trash Bag are increasing in developing economies in APAC region and India, Malaysia. Bangladesh, Vietnam are lucrative opportunities for the key players in the industry.
The report has covered the 34 countries across the world, which are supposed to be the attractive destinations for stakeholders in the industry. The key players selected for profiling and benchmarking are selected on their global presence, regional dominance, and probable investment criteria. The analyst at MMR has tried to give good representation to global, regional and local players in the competitive landscape. “Having said this, Sr. Analyst has said that, while estimating market size by different segment, they have not left any stone unturned to derive the total market size and market size by regions. All the local, regional and global players’ contribution to total market by supply side has been considered.
Trash Bag Market : was valued at US$ 10.49 Bn in 2021 and expected to grow at a CAGR of 5.6% during the forecast period (2022-2029), thanks to the growing trend of residentialuse which has boosted demand for Global Trash Bags Market.
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Trash Bag Market Overview:
Apart from market size and forecasting, the report has covered the recent developments, key trends, M&A, government regulations, purchasing pattern of the customers. Macroeconomic indicators in each economy are studied to understand the future course of action for the market.
SWOT analysis of each player, PESTLE and PORTER”S analysis benchmarking of key players on different parameters made this report exclusive and investors guide.
Market Segmentation:
Factors attributing to trash bag market growth are rising population of the world, resulting in the high generation of waste, according to “The World Bank” report world generates 2.01 Bn solid waste annually. Increased awareness among the people to be hygiene and sanitation, according to “World Health Organization” 15% of waste generated from the hospital are infectious which causes HIV infections, hepatitis B&C, skin infection, etc. Changing household income of the people, the rapid growth of urbanization, economic development of the countries, odor-blocking capacity are driving the global trash bag market positively.
Key players:
• Pack-It B.V.
• Kemii Garbage Bag Co. Ltd.
• Cosmoplast Industrial Company L.L.C. (Harwal Group of Companies)
• 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
• Four star plastics
The research provides a comprehensive review of the Trash Bag market’s presence in various sectors and nations. The research analyst aims to discover hidden development potential that may be utilized by organizations in various parts of the world by doing a thorough geographical study of the sector. Global Trash Bag Market research provides exact knowledge that enables market participants to compete successfully with their greatest competitors based on growth, sales, and other crucial aspects. In the research study, significant market aspects such as market drivers and barriers are separated from essential development prospects and industry trends.
Reasons to Purchase the Trash Bag Market Report:
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Maximize Market Research provides B2B and B2C research on 12500 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages,
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Nov 23, 2022