'Global Compostable Biodegradable Refuse Bag Market' the new research report adds in Data Bridge Market Research's reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The Compostable Biodegradable Refuse Bag market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this Compostable Biodegradable Refuse Bag market research report. The research and analysis carried out in this Compostable Biodegradable Refuse Bag report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of Compostable Biodegradable Refuse Bag report.
Global compostable biodegradable refuse bag market was valued at USD 265.69 million in 2021 and is expected to reach USD 514.06 million by 2029, registering a CAGR of 8.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Market Definition
The compostable and biodegradable refuse bags are made of organic materials from plants. Blends of starches (corn, potato, and others), polylactic acid (PLA), PHA, PBAT, and other plant-based materials are used to create compostable and biodegradable garbage bags. The decomposition of these trash bags will minimally harm the ecosystem.
Report Scope and Market Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Capacity (7-20 Gallons, 20-30 Gallons, 30-40 Gallons, 40-55 Gallons, Above 55 Gallons), Product Type (Biodegradable, Compostable), Material Type (Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), PBS, PBAT, Starch Blends, Cellophane, Paper), Thickness (0-0.7 mil, 7-0.9 mil, 9-1.5 mil, Above 1.5 mil), End-Use (Retail and Consumer, Industrial, Institutional) |
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Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Mondi (U.K.), Vegware Ltd, (U.K.), VICTOR Güthoff & Partner GmbH (Germany), CeDo Ltd (U.K.), BioBag International AS (Norway)., Polybags Limited. (U.K.), CLONDALKIN GROUP (Netherlands), Plastiroll Oy LTD (Finland), The Biodegradable Bag Company Ltd. (India), MirPack (Spain), The Compost Bag Company nv/sa (Belgium), SIMPAC. (South Korea), TERDEX GmbH (Germany), Pack-It BV (Netherlands), Cromwell Polythene Ltd. (U.K.), Flexopack (Greece), Virosac Srl (Italy) |
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Market Opportunities |
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Compostable Biodegradable Refuse Bag Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growth In Across Various End Use Industries
The growing usages of plant based material coupled with the increasing demand of product from various end-use such as industrial, retail and consumer, and institutional is estimated to largely accelerate the overall market growth over the forecast period.
- Increasing Demand for the Plastic Alternatives
These bags have become a great replacement for dangerous plastic items. Typically, they are made of organic materials, which are completely harmless and decay more quickly. In many end-use industries, they are now accepted options for garbage collection. Manufacturers are being forced to provide eco-friendly alternatives due to the increased focus on sustainability and growing concern over the harmful implications of using plastic bags, which is boosting market growth.
Furthermore, the growing number of industries across the globe will further propelled the growth rate of compostable biodegradable refuse bag market. The factors such as the rapid transition towards organic products will drive market value growth. The ability of compostable and biodegradable refuse bags to decompose completely is also estimated to boost the market demand.
Opportunities
- Surging Government Initiatives
The rising number of initiatives taken by government to promote plastic product alternatives and minimize environmental pollution further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Governments worldwide are launching new programs to reduce environmental pollution and the excessive use of plastic bags. For instance, India's national government outlawed single-use plastics. The use of compostable and biodegradable garbage bags is increasing as a result.
- Advancements in Technology
Additionally, the ongoing technological development would foster market expansion. The introduction of new cutting-edge techniques is aiding compostable and biodegradable bag decomposition. For instance, in April 2021, scientists at University of California, Berkeley created a new approach to deconstruct compostable items more simply with heat and water. This factor will therefore, further expand the future growth of the compostable biodegradable refuse bag market.
Restraints/Challenges
- Availability of Alternatives
Although they are a better waste management option than plastic, compostable and biodegradable garbage bags are not flawless. Recycled plastic bags are another superior alternative for rubbish headed for the landfill. These factors further hamper the overall market growth.
- High Cost
The high cost of compostable and biodegradable refuse bags compared to traditional plastic bags and the growing affordability of compostable and biodegradable refuse bags with non-degradable additives can both hinder the global market's revenue growth to some level. Therefore, this factor will challenge the compostable biodegradable refuse bag market growth rate.
This compostable biodegradable refuse bag market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the compostable biodegradable refuse bag market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In June 2020, Ecosac Utility Bags, India's top brand of compostable and Oxo-Biodegradable rubbish bags, introduced the Kachra Sack line of compostable and utility bags. The new environmentally friendly bags are a great substitute for plastic bags and will lower pollution levels.
- In May 2021, One of the pioneers in developing certified home-compostable plastic substitutes, Compostic, has introduced a new line of reusable bags and home-compostable cling wrap in the United States.
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Compostable Biodegradable Refuse Bag Market Regional Analysis/Insights
The compostable biodegradable refuse bag market is analyzed and market size insights and trends are provided by country, material type, form, thickness and end-use as referenced above.
The countries covered in the compostable biodegradable refuse bag market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the compostable biodegradable refuse bag market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing government efforts to reduce plastic usage and the presence of leading market players within the region. Moreover, the high usage of refuse bags for retail applications is also projected to accelerate the market's growth within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing consumer inclination towards ecofriendly products in the region. Moreover, the increasing investments in developing cost-effective and high-quality products is also projected to boost the market's growth within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key questions answered in the report:
- What will the market development pace of the Compostable Biodegradable Refuse Bag market?
- What are the key factors driving the Global Compostable Biodegradable Refuse Bag market?
- Who are the key manufacturers in the market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of Compostable Biodegradable Refuse Bag market?
- Who are the distributors, traders, and dealers of Compostable Biodegradable Refuse Bag market?
- What are the Compostable Biodegradable Refuse Bag market opportunities and threats faced by the vendors in the Global Compostable Biodegradable Refuse Bag industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
For More Insights Get Detailed TOC at https://www.databridgemarketresearch.com/toc/?dbmr=global-compostable-biodegradable-refuse-bag-market
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