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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Trash bags are one of the most efficient products for handling garbage generated from various sources. Trash bags are used to handle food waste from households and restaurants, toilet waste, medical waste, industrial waste, and commercial waste. Trash bags are manufactured from two main types of polymers – low-density polyethylene (LDPE) and high-density polyethylene (HDPE). HDPE offers additional strength and water proofing to trash bags. Trash bags manufactured from polyethylene are non-biodegradable in nature and hence, cause environmental pollution. To reduce environmental pollution, biodegradable plastics such as poly-lactic acid, which is derived from corn-starch, is generally used. Oxo-biodegradable plastic bags are also used as an alternative to conventional polyethylene plastic trash bags. The oxo-biodegradable plastic is manufactured by reacting polyethylene with oxidative additive, which initiates oxidation/degradation of the plastic bag after use.

Market Dynamics:

  • Increasing concern regarding hygiene in emerging economies such as China and India has increased the adoption of trash bags in these countries to avoid any health issues. Increasing disposable income of people in emerging economies is a major factor that drives growth of the trash bags market. For instance, according to the Ministry of Statistics and Programme Implementation (India), disposable income in the country increased to US$ 2693478.5 Mn in 2018 from US$ 2369487.4 Mn in the previous year.
  • Trash bags are used as a regular item in developed regions such as Europe and North America. Hence, the demand for trash bags in such regions have been steady over the past few decades.
  • However, developed countries are more focused on reducing plastic waste and using bio-degradable plastics for daily use instead of single-use plastic bags. For instance, in January 2016, Walmart started charging US$ 0.04 to its customers who asked for single-use plastic bags at checkout. Such initiatives will increase demand for bio-degradable trash bags in developed economies.

Market Outlook:

  • Asia Pacific remains the major market for trash bags and is expected to grow at above average rates mainly due to increasing population and higher demand for waste handling products and services in the region. For instance, according to the UN report published in June 2019, the population in India is expected to grow at a faster pace, adding 273 million people to its current total of 1.34 Billion by 2050.
  • The adoption of inorganic growth strategies such as mergers and acquisitions by key players is also expected to drive growth of the trash bags market. For instance, in August 2018, Berry Global Inc., a leading player in the plastic products industry, acquired Laddawn, Inc. to support its custom trash-bags business.
  • Increasing demand for household products in the U.S. is encouraging manufacturers to expand its production facility of its home care products. For instance, The Clorox Company opened a new production facility to expand its home care business in January 2018.
  • Increasing environmental concerns regarding the use of plastics is one of the major restraining factors that is expected to affect growth of the trash bags market, globally. For instance, in 2017, the Government of Indonesia signed a Memorandum of Understanding (MoU) to stop the use of plastic bags in Bali by January 2018. In 2019, many states in India banned the use of single-use plastics to support the ‘Clean-India Movement’.

Key Players:

  • Key players operating in the global trash bags market include The Clorox Company, Berry Global Inc., Reynolds Consumer Products, Novolex, Inteplast Group, Ltd., Poly-America, L.P., Four Star Plastics, International Plastics, Inc, Cosmoplast Industrial Company (L.L.C.), Terdex, and Novplasta S.R.O.

Market Taxonomy:

On the basis of material type, the global trash bags market is segmented into:

  • Non-biodegradable
  • Bio-degradable

On the basis of application, the global trash bags market is segmented into:

  • Residential
  • Industrial
  • Commercial

On the basis of region, the global trash bags market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users