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Compostable & Biodegradable Refuse Bags Market is expected to reach US$ 465.6 Mn by 2028- Comprehensive Research Report by FMI

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Compostable & Biodegradable Refuse Bags Market – Analysis, Outlook, Growth, Trends, Forecasts

DUBAI, United Arab Emirates: Future Market Insights (FMI) delivers key insights on the global compostable & biodegradable refuse bags market in its published report, titled “Global Compostable & Biodegradable Refuse Bags Market: Industry Analysis and Opportunity Assessment 2022–2028”. In terms of revenue, the global Compostable & Biodegradable Refuse Bags Market is estimated to expand at a CAGR of 8.0% over the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Attribute Details
Compostable & Biodegradable Refuse Bags Market Estimated Size in 2022 US$ 294.2 Mn
Compostable & Biodegradable Refuse Bags Market Value-based CAGR (2022-2028) 8.0%
Compostable & Biodegradable Refuse Bags Projected Market Size in 2028 US$ 465.6 Mn

 

Compostable & biodegradable are terms used to designate organic materials breaking down in specific environment condition. Refuse bags are disposable bags used to contain waste and rubbish. Compostable & biodegradable refuse bags are made up of organic material, which are obtained from plants.

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Such plant based materials which are used to make compostable & biodegradable refuse bags are starch blends (corn, potato and others), Polylactic acid (PLA), PHA, PBAT and other such materials. These refuse bags can undergo decomposition readily and have minimum negative impact on the environment.

The global market for compostable and refuse bags market is further segmented as per capacity, product type, speed, material type, thickness and end use.

On the basis of capacity type, global market for compostable & biodegradable refuse bags is segmented into 7-20 gallons, 20-30 gallons, 30-40 gallons, 40-55 gallons and above 55 gallons. On the basis of product type, global market for compostable & biodegradable refuse bags is segmented into biodegradable and compostable. 

On the basis of material type, global market for compostable & biodegradable refuse bags is segmented into PLA, PBS, PBAT, PHA, starch blends, cellophane and paper. On the basis of thickness, the global market for compostable & biodegradable refuse bags is segmented into 0-0.7 mil, 0.7-0.9 mil, 0.9-1.5 mil, above 1.5 mil. On the basis of end use, the global market for compostable & biodegradable refuse bags is segmented into retail and consumer, industrial and institutional.

Scope of the Report

Attribute Details
Forecast Period 2022-2028
Historical Data Available for 2013-2021
Market Analysis Units for Volume and US$ Mn for Value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa
Key Countries Covered US, Canada, Mexico, Brazil, Germany, U.K., France, Italy, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, Turkey and South Africa
Key Segments Covered Capacity, Product Type, Material Type, Thickness, End Use, and Region
Key Companies Profiled
  • Mondi Group
  • Sphere Group
  • Vegware Global
  • VICTOR Güthoff & Partner GmbH
  • Cedo Ltd.
  • BioBag International AS
  • PLAST-UP
  • Polybags Ltd
  • Clondalkin Group Holdings B.V.
  • Plastiroll Oy Ltd
  • The Biodegradable Bag Company Ltd
  • QUICKPACK Haushalt + Hygiene GmbH
  • The Compost Bag Company
  • SIMPAC
  • TERDEX GmbH
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

This report assesses trends driving the growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the compostable & biodegradable refuse bags market.

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The North America compostable & biodegradable refuse bags market Include country level analysis for the U.S. and Canada. The U.S compostable & biodegradable refuse bags market is expected to grow at a CAGR of 7.7% over the forecast period wherein compostable segment enjoy dominant share, by product type. The Latin America compostable & biodegradable refuse bags market include country level analysis for Brazil, Mexico, Argentina and Rest of Latin America. The Asia Pacific excluding Japan compostable & biodegradable refuse bags market includes country level analysis for China, India, ASEAN, Australia & New Zealand and Rest of APEJ. 

In this report, we have discussed individual strategies followed by these companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively.

Key players operating in the global market for compostable & biodegradable refuse bags include Mondi Group, Sphere Group, Vegware Global, VICTOR Güthoff & Partner GmbH, Cedo Ltd., BioBag International AS, PLAST-UP, Polybags Ltd, Clondalkin Group Holdings B.V., Plastiroll Oy Ltd, The Biodegradable Bag Company Ltd, QUICKPACK Haushalt + Hygiene GmbH, MIRPACK, TM, The Compost Bag Company, SIMPAC, TERDEX GmbH, Pack-It BV, Cromwell Polythene Ltd, Flexopack SRL, Virosac SRL among others.

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Explore FMI’s Extensive ongoing Coverage on Packaging

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Barrier Bags MarketBarrier bags is one of the effective and efficient flexible packaging solutions which is becoming one of the rapidly-growing divisions in the FMCG manufacturing sector.

Medical Bags MarketMedical Bags market is projected to record more than 8% growth rate during the forecast period and expected to reach US$ 8 Bn by 2031.

Cotton Bags MarketThe ecofriendly cotton bags are anticipated to overtake plastic bags in the retail sector during the forecast period. 

 

Resealable Packaging Bags MarketResealable packaging bags manufacturers are trying to bring reform in the industry by various ways of marketing the product, along with labeling which would enable the resealable packaging bags to be in the market without any breach in stability. 

Breather Bags Market – Rapid pace of design and technological innovation in the packaging industry has led to the development of packaging products that specifically cater to industry needs.  

Air Bubble Bags MarketGrowth in demand for air bubble bags market is expected to grow strongly for several reasons. Due to speedy urbanization and industrialization the air bubble bags market is undergoing technological advancements.

Hanging Bags MarketGlobal demand of the overall hanging bags market is anticipated to register a CAGR of ~5.4% during the forecasted period and reach millions of units by 2031.

 

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Report: https://www.futuremarketinsights.com/reports/compostable-biodegradable-refuse-bags-market

Press Release Source: https://www.futuremarketinsights.com/press-release/compostable-biodegradable-refuse-bags-market

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