The North America Trash Bags Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 692.8 Kilo Tonnes, showcasing a growth of 5.1% (2019-2022).
The proliferation of residential and commercial construction has led to a surge in the utilization of these bags, consequently stimulating market demand. The market has been fueled by increasing public awareness of the significance of environmental sanitation and hygiene. Using these bags for waste transportation and storage eliminates the potential for an infection outbreak. Additionally, appropriate hygiene is maintained by using these bags.
The diverse array of trash bags available today encompasses a spectrum of materials, designs, and functionalities. Traditional polyethylene-based bags have now diversified to include biodegradable, compostable, and recycled alternatives, catering to an increasingly environmentally aware consumer base. This evolution reflects a paradigm shift within the waste management landscape, where sustainability and environmental impact hold considerable sway over consumer choices and industry practices.
In recent years, this region has experienced population growth, leading to an increase in the number of households and businesses. According to Environment America, with a population of merely 4%, the United States generates over 12% of the global waste stream. Each American discards nearly 1,800 pounds of waste materials annually, or 4.9 pounds of trash per individual per day. 62% of American households and businesses' waste is disposed of in landfills or incinerators. Packaging comprises more than 28 percent of all waste in the United States or 82 million tons of material that is typically discarded after a product has been used or purchased. Therefore, the large amount of waste generation in the region is driving the growth of the market.
The US market dominated the North America Trash Bags Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,033.5 Million by 2030. The Canada market is experiencing a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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