Latin America Compostable & Biodegradable Refuse Bags Market Size & Outlook
The compostable & biodegradable refuse bags market in Latin America is expected to reach a projected revenue of US$ 58.5 million by 2030. A compound annual growth rate of 7% is expected of Latin America compostable & biodegradable refuse bags market from 2025 to 2030.
Revenue, 2024 (US$M)
$39.2
Forecast, 2030 (US$M)
$58.5
CAGR, 2025 - 2030
7.0%
Report Coverage
Latin America
Global Market
Related Markets
Latin America compostable & biodegradable refuse bags market highlights
- The Latin America compostable & biodegradable refuse bags market generated a revenue of USD 39.2 million in 2024.
- The market is expected to grow at a CAGR of 7% from 2025 to 2030.
- In terms of segment, polylactic acid (pla) was the largest revenue generating material in 2024.
- Polyhydroxyalkanoate (PHA) is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 39.2 million |
| Market revenue in 2030 | USD 58.5 million |
| Growth rate | 7% (CAGR from 2025 to 2030) |
| Largest segment | Polylactic acid (pla) |
| Fastest growing segment | Polyhydroxyalkanoate (PHA) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polylactic Acid (PLA), Polybutylene Succinate (PBS), Polybutylene Adipate Terephthalate (PBAT), Polyhydroxyalkanoate (PHA) |
| Key market players worldwide | Mondi PLC, Sphere, Vegware, BioBag International, Clondalkin Group, Terdex |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.9% of the global compostable & biodegradable refuse bags market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 290.3 million by 2030.
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Publish Date: Feb 25, 2025
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Compostable & Biodegradable Refuse Bags Market Scope
Compostable & Biodegradable Refuse Bags Market segmentation & scope
Polylactic Acid (PLA)
Polybutylene Succinate (PBS)
Polybutylene Adipate Terephthalate (PBAT)
Polyhydroxyalkanoate (PHA)
Others
Compostable Biodegradable Refuse Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mondi PLC | View profile | 21,773 | The Heights, Brooklands, Ground Floor, Building 5, Weybridge, Surrey, United Kingdom, KT13 0NY | www.mondigroup.com |
| Vegware | View profile | 101-250 | Edinburgh, Edinburgh, City of, United Kingdom, Europe | www.vegware.com/uk-en/ |
| BioBag International | View profile | 11-50 | Askim, Ostfold, Norway, Europe | biobagworld.com |
| Clondalkin Group | View profile | 1001-5000 | Utrecht, Utrecht, The Netherlands, Europe | www.clondalkingroup.com/ |
| Sphere | View profile | 1-10 | Walnut, California, United States, North America | www.oursphere.org/ |
| Terdex | View profile | 51-100 | Marienhagen, Nordrhein-Westfalen, Germany, Europe | www.terdex.com |
| Plast-up | View profile | 1-10 | Saint-romain-lachalm, Auvergne, France, Europe | www.plast-up.com |
| Polybags | View profile | 51-100 | Greenford, Ealing, United Kingdom, Europe | www.polybags.co.uk |
| Simpac | View profile | 1-10 | Incheon, Inch'on-jikhalsi, South Korea, Asia | www.simpac.co.kr |
| CeDo | View profile | 1001-5000 | Telford, Telford and Wrekin, United Kingdom, Europe | www.cedo.com/ |
Latin America Compostable & Biodegradable Refuse Bags Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Compostable & Biodegradable Refuse Bags Market Outlook will help companies and investors design strategic landscapes.
Polylactic Acid (Pla) was the largest segment with a revenue share of 74.74% in 2024.
Horizon Databook has segmented the Latin America compostable & biodegradable refuse bags market based on polylactic acid (pla), polybutylene succinate (pbs), polybutylene adipate terephthalate (pbat), polyhydroxyalkanoate (pha) covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Compostable & Biodegradable Refuse Bags Market Material Outlook (Revenue, USD Million , 2018-2030)
- Polylactic Acid (PLA)
- Polybutylene Succinate (PBS)
- Polybutylene Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoate (PHA)
- Others
- Latin America Compostable & Biodegradable Refuse Bags Market Capacity Outlook (Revenue, USD Million , 2018-2030)
- 7 to 20 Gallons
- 20 to 30 Gallons
- 30 to 40 Gallons
- 40 to 55 Gallons
- Above 55 Gallons
- Latin America Compostable & Biodegradable Refuse Bags Market Application Outlook (Revenue, USD Million , 2018-2030)
- Retail & Consumer
- Industrial
- Institutional
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Compostable & Biodegradable Refuse Bags Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Compostable & Biodegradable Refuse Bags Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Compostable Biodegradable Refuse Bags Market, 2018-2030 (US$M)
Latin America compostable & biodegradable refuse bags market statistics, by material, 2018-2030 (US$M)
