Emergence of recycled disposable garbage bags to drive growth in the market. As raw material prices have risen significantly while many are difficult to procure, disposable garbage bags manufacturer have begun using recyclable PET plastics as raw materials. analysts have predicted that the disposable garbage bags market will register a CAGR of almost 5% by 2023.
Increasing demand from commercial end-users
The substantial increase in the amount of waste generated by offices and the hospitality sector, across the world is triggering demand for disposable bags as an ideal solution to dump and dispose recurring waste.
Plastic ban in several countries
Disposable bags primarily made single-use plastic material are banned both directly and indirectly by leviying high taxes on them in many states and cities in countries such as the UK, France, Kenya, New Zealand, Taiwan, Zimbabwe, Australia, the US, India, Canada, China, and others.
For the detailed list of factors that will drive and challenge the growth of the disposable garbage bags market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Berry Global and Harwal Group of Companies the competitive environment is quite intense. Factors such as the rising demand from commercial end-users and the emergence of recycled disposable garbage bags, will provide considerable growth opportunities to disposable garbage bags manufactures. Berry Global, Harwal Group of Companies, Reynolds Group Holdings, The Clorox Company, and Weifang Kangle Plastics are some of the major companies covered in this report.