GVR Report cover Compostable & Biodegradable Refuse Bags Market Size, Share & Trends Report

Compostable & Biodegradable Refuse Bags Market Size, Share & Trends Analysis Report By Material, By Product Type, By Capacity, By Thickness, By End-user, By Region, And Segment Forecasts, 2023 To 2030

  • Report ID: GVR454343
  • Number of Pages: 0
  • Format: Electronic (PDF)

The compostable and biodegradable refuse bags are designed to break down quickly and completely when disposed of, reducing the amount of waste in landfills and the overall impact on the environment. The market is growing rapidly owing to several factors such as increasing consumer awareness of the environmental impact of plastic bags, advancement in technologies, and government regulations.

Increasing awareness of the negative impact of traditional plastic bags on the environment is driving demand for eco-friendly alternatives as they break down more quickly and do not have the same long-term environmental impact as traditional plastic products. Moreover, advancements in technology make these products a cost-effective alternative and easier to produce. Manufacturers are developing new materials and processes that make these products more accessible to a wider range of consumers.

Additionally, many municipalities and governments are implementing regulations that require the use of compostable and biodegradable products for waste disposal. For instance, the city of Seattle banned plastic bags and made a requirement for businesses to provide recyclable paper or compostable plastic bags. These products had to be labelled as biodegradable or compostable to meet specific standards for composability.

The compostable and biodegradable refuse bags market is broadly segmented into material, product type, capacity, thickness, and end-user industries. The material segment is further categorized into polylactic acid (pla), polyhydroxyalkanoate (pha), pbs, pbat, starch blends, cellophane, and paper. The product type segment is further classified as biodegradabke and compostable. The capacity segment is further subdivided into 7-20 gallons, 20-30 gallons, 30-40 gallons, 40-55 gallons, and above 55 gallons. The thickness segment is further segmented into 0-0.7 mil, 7-0.9 mil, 9-1.5 mil, and above 1.5 mil. The end-user industries segment includes consumer & retail, industrial, and institutional.

Some of the key players operating in this market are Mondi, BioBag International AS, SPHERE, Polybags Limited, The Biodegradable Bag Company Ltd, Compost Bag Company nv, and others. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. For instance, in April 2021, SPHERE announced an acquisition of Alfaplas Ltd, a manufacturer and supplier of flexible packaging. This acquisition will help SPHERE to strengthen its leadership position in U.K.

Asia Pacific dominates the segment for this market and is expected to continue to grow over the coming years. Several countries in the region, such as Taiwan and Thailand, have implemented regulations aimed at reducing plastic waste and promoting the use of compostable and biodegradable products. This is driving demand for these products in these markets.

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