The Asia Pacific Trash Bags Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 945.4 Kilo Tonnes, showcasing a growth of 5.5% (2019-2022).
A trash bag is a bag intended for the disposal of solid waste. It is also referred to as a bin bag, garbage bag, or refuse sack. These bags line the inside of garbage cans to stop waste from coating the inside of the container. Plastic bags predominate on the market and are typically black, white, or green. Plastic bags are a convenient and hygienic method of trash disposal that is frequently used. Plastic trash bags are thin and perfect for sloppy or moist waste, such as food scraps. To lessen odor, they can also be used to wrap garbage.
Preventing the container from encountering the waste helps to keep it clean. After placing these bags inside the container, pull it out by its edges, seal it, and tie a knot with as little contact with the garbage as possible. With these bags for garbage cans, homes might appear balanced because they provide a cheap and efficient way to dispose of waste. Most importantly, they give families a way to reduce waste that would otherwise end up in places such as backyards and beaches and help the environment by disposing of recyclables.
The Asia-Pacific region is home to some of the world's most populous countries, including China, India, Indonesia, and Pakistan. According to the Ministry of Health and Family Welfare, India's population will rise from 121.1 crores to 152.2 crores between 2011 and 2036, a 25.7% increase over twenty-five years at an annual rate of 1.0 percent. Consequently, there will be an elevation in population density from 368 to 463 individuals per square kilometer. Additionally, by 2036, 38.2% of the nation's population is projected to reside in urban areas, up from 31.8 percent in 2011. By 2036, approximately 73% of the population increase could be attributed to urban development. Thus, the increasing population, especially in the urban areas in the region, is propelling the demand for the market.
The China market dominated the Asia Pacific Trash Bags Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,306.5 Million by 2030. The Japan market is registering a CAGR of 5.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.6% during (2023 - 2030).
Based on Type, the market is segmented into Star Sealed, Drawstring and Others. Based on End-Use, the market is segmented into Institutional, Retail and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Trash Bags Market is Predict to reach $15.6 Billion by 2030, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berry Global Group, Inc., Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), The Clorox Company, Novolex Holdings, Inc. (Apollo), Four Star Plastics, International Plastics, Novplasta, s.r.o, Inteplast Group, Poly-America, L.P. and Reynolds Consumer Products LLC.
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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