Trash Bags Market continues to witness cyclicity amidst renewed demand from the end-use sector and growing government support

SEATTLE, WA, US, January 12, 2022 /EINPresswire.com/ -- Trash Bags Market continues to witness cyclicity amidst renewed demand from the end-use sector and growing government support , Trash bags are one of the most effective products for removing waste from a variety of sources.According to India's Ministry of Statistics and Programme Implementation, disposable income increased to US$ 2693478.5 million in 2018 from US$ 2369487.4 million the year before.

Overview

Trash bags are plastic liners that line the interior of waste containers. They protect the interiors of waste containers from being coated with waste. They also serve as an alternative to traditional garbage cans. A bin liner, garbage bag, or rubbish sack is a simple way to line waste containers and keep them looking good. Increased trash production is one of the main reasons for the increase in trash bags. Trash bags can play a role in this. They can help the environment and make a difference by reducing our carbon footprint. Trash bags are made from a polymer called polyethylene. This plastic is airtight, waterproof, and durable.

According to a United Nations report released in June 2019, India's population is expected to grow at a faster rate, adding 273 million people to its current total of 1.34 billion by 2050.

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Competitive Landscape

Major companies contributing to the global trash bags market include Inteplast Group, Ltd., Novolex, Reynolds Consumer Products, Cosmoplast Industrial Company, The Clorox Company, Novplasta S.R.O., Berry Global Inc., Terdex, International Plastics, Inc., Four Star Plastics, and Poly-America, L.P.

Drivers

Rising demand for eco-friendly trash bags from the end-user industries and the residential sector due to non-degradable nature of plastics and their adverse effects on the environment, is expected to foster growth of the trash bags market throughout the forecast period.

In addition to this, increasing government initiatives to develop efficient waste segregation and disposal solutions amidst rising waste generation in the urban space is expected to boost growth of the trash bags market over the forecast period.

Summary of the COVID-19 Debacle

The global trash bags market witnessed a steep drop in its progress due to the prevalence of the pandemic. The industrial sector experienced a major fall due to plant closures, whereas the residential sector had a complete reverse scenario as a result of increased indoor activities. On the plus side, as restrictions are eased, the market is anticipated to exceed its pre-pandemic capacity during this projected timeframe.

Key Takeaways

The trash bags market is anticipated to grow at a CAGR of during the forecast period owing to the increasing waste generation in parallel to the rising demand for waste management solutions. For instance, in May 2020, the Government of India partnered with the Indian Institute of Technology (IIT), Delhi, to open Centre of Excellence for Waste-to-Wealth Technologies, a facility to develop and implement sustainable waste management models in the urban cities.

Considering the territorial landscape, the Asia Pacific region is a treasure island for the global trash bags market in the view of high population density, expanding urban space, and increasing government support.

Bubbling under the top spot is the North American region which is another hot favorite for the global trash bags market on account of increasing government initiatives to promote sustainable/biodegradable bags across the public places.

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