The Europe Trash Bags Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 654.4 Kilo Tonnes, showcasing a growth of 5.0% (2019-2022).
The importance of trash bags extends far beyond their physical form, they embody a confluence of innovation and utility. Their design, material composition, and capacity have been fine-tuned to accommodate many waste types, sizes, and disposal needs. Whether for residential use, commercial establishments, or large-scale industrial operations, the versatility and adaptability of these bags have made them an indispensable tool for efficient waste containment and disposal.
Furthermore, the manufacturers and stakeholders are increasingly compelled to explore eco-friendly materials, advanced manufacturing processes, and sustainable practices to align with evolving regulatory standards and consumer demands. This evolution within the market underscores a pivotal juncture where sustainability, innovation, and functionality intersect to redefine the role of these products in modern waste management practices. It will delve into the intricacies of this dynamic market, exploring its diverse facets, challenges, opportunities, and the transformative forces shaping its trajectory in the context of contemporary environmental consciousness and waste management imperatives.
Urban areas in Europe are hubs of economic activity and population concentration. According to the Government of the UK, in 2021, 6.8 million tons of biodegradable municipal waste were disposed of in landfills, up from 6.1 million tons in 2020. Furthermore, in 2020, the UK produced an estimated 40.4 million tons of commercial and industrial waste, with England accounting for 33.8 million tons (or 84% of the total). The most recent estimates for England alone indicate that commercial and industrial waste generated approximately 33.9 million tons of refuse in 2021. Considering population size, the EU produced an average of 1.7 tons of waste per resident in 2020, excluding major mineral refuse. Hence, the increasing waste generation is increasing the demand for these bags in the region.
The Germany market dominated the Europe Trash Bags Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,154.7 Million by 2030. The UK market is exhibiting a CAGR of 4.4% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Trash Bags Market will Hit $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)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
