The global garbage bag market size reached US$ 9,382.6 million in 2023, with a y-o-y oh 3.3%, according to FMI’ Analyst view. Over the forecast period, global sales of garbage bags are projected to surge at 4.2% CAGR. Total market valuation is estimated to increase from US$ 9,681.0 million in 2024 to US$ 14,602.3 million by 2034.
Demand remains particularly high for PE garbage bags due to their strength and tear-resistance properties. The majority of PE garbage bags are made from LDPE & LLDPE, while the remaining ones are made from HDPE. The target segment is set to account for a market share of 71.7% in 2034.
Garbage bags are becoming essential in waste disposal globally. They are widely used in residential, commercial, and industrial sectors to collect and dispose of waste. The global market for garbage and waste bags is set to witness steady growth due to increasing waste generation and the ever-increasing development of residential and family houses.
Consumers' disposable income and purchasing power are leading to an increasing demand for convenient and cost-effective trash bags for waste collection. Similarly, improving economic performance and rising living standards of the middle-income population are expected to boost the sales of HDPE garbage bags.
